Business Research Methods part. 1 (Chapters 1-5)

business - ANSWER-an organization involved in the trade of goods, services, or both to consumers management - ANSWER-the efficient and effective operation of a business research - ANSWER-something that people undertake in order to find things out in a systematic way, thereby increasing their knowledge What are the three characteristics of research? - ANSWER-1. Data are collected systematically 2. data are interpreted systematically 3. there is a clear purpose to find things out Methodology - ANSWER-a set or system of methods, principles, and rules for regulating a given discipline (the study of how research should be undertaken) Methods - ANSWER-the techniques and procedures used to obtain and analyze data What are the stages of the research process? - ANSWER-1. Formulating and clarifying a topic 2. Reviewing the literature/intelligence gathering 3. Designing the research 4. Collecting data 5. Analyzing Data 6. Writing Up hypothesis - ANSWER-is a proposed explanation for a phemomenon Theory - ANSWER-an established set of ideas that can be used to make predictions What is the purpose of the research proposal? - ANSWER-1. To organize your idea 2. To convince your audience 3. To contract with your client 4. To meet ethical requirements What are the two types of methods? - ANSWER-Research design and data collection Research design - ANSWER-How you intend to go about achieving your design objectives Data collection - ANSWER-gives more specific details that the research deign section