100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Other

Unit 7 business decision making revision

Rating
-
Sold
-
Pages
4
Uploaded on
11-04-2023
Written in
2022/2023

Everything you need to revise for the unit 7 business decision making exam - types of research - calculations - data









Whoops! We can’t load your doc right now. Try again or contact support.

Document information

Uploaded on
April 11, 2023
Number of pages
4
Written in
2022/2023
Type
Other
Person
Unknown

Content preview

Organisational structure
The structure of a business refers to how staff are organised in terms of teams. roles and
responsibilities.

Flat structures have fewer levels of management with each manager having a wider span of control.

Matrix structures are organised into functional areas such as marketing, HR, operations and finance
with project teams that include personnel from across the different functional areas.

Hierarchical structures are usually tall with many levels of management. Managers have smaller
spans of control and decisions are usually made at the top of the organisation.



Types of research
Primary research

The benefits of this include;

 A firm can control who has access to findings.
 The collection of data is targeted for its intended purpose.

Limitations

 Can be expensive.
 Can be time-consuming.
 Need for specialist skills to design research.

Questionnaire - Good questionnaires are simple to complete, which boosts response rates and
makes it possible to do quantitative analysis quickly.The findings can be easily analysed, a lot of
respondents' input may be gathered, and quick results are all advantages.

Online marketing - e-marketing research is information gathered from online sources to learn about
consumer requirements and wants, purchasing trends, and statistics on brand interaction. Data may
be acquired through online surveys, focus groups, interviews, or online statistics. Popular search
phrases, social media, competitor websites, and statistics on market trends are a few examples of
internet data.

Focus groups - Focus groups are gatherings of people used to talk about potential marketing plans
before they are implemented, such as new product launches or advertising campaigns. Marketers
listen in on the talks and can infer ideas and feelings about a concept from casual chat. The ability to
read body language and get more in-depth responses from peers during casual conversation are
advantages. However, some group members may dominate, the true ideas of other participants may
be hidden, and there may be errors in reading body language.



Secondary research
Benefits include

 Easy access to a wide range of sources.
 Can be faster than primary.
 Relatively inexpensive.
£9.39
Get access to the full document:

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Get to know the seller
Seller avatar
kalJ

Get to know the seller

Seller avatar
kalJ Yeovil College
View profile
Follow You need to be logged in order to follow users or courses
Sold
0
Member since
2 year
Number of followers
0
Documents
2
Last sold
-

0.0

0 reviews

5
0
4
0
3
0
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these revision notes.

Didn't get what you expected? Choose another document

No problem! You can straightaway pick a different document that better suits what you're after.

Pay as you like, start learning straight away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and smashed it. It really can be that simple.”

Alisha Student

Frequently asked questions