introduction

Question 1

define business research

Answer 1

Business research is defined as “the application of the scientific method in searching
for the truth about business phenomena

Question 2

Contrast the basic and applied research

Answer 2

basic research: a type of research used in the scientific field to understand and extend our knowledge about a specific phenomenon or field. It is also accepted as pure investigation or fundamental research.
applied research; a type of research that attempts to find practical solutions to existing problems.

Question 3

Define the stages needed to complete as part of the research process

Answer 3

1. Initiating the research;
2. Choosing a research topic;
3. Considering the research philosophies;
4. Formulating a problem statement;
5. Identifying the aims of the research;
6. Deciding on an appropriate research approach and design;
7. Deciding on an appropriate research design;
8. Clarifying relevant ethical considerations;
9. Conducting the planned business research;
10. Reporting on the results of the research.

Question 4

define research

Answer 4

a systematic process that is based on the collection, analysis, and
interpretation of data with the intention of solving a problem.

Question 5

difference between inductive and deductive approaches

Answer 5

The inductive approach begins with a set of empirical observations, seeking patterns in those observations, and then theorizing about those patterns. The deductive approach begins with a theory, developing hypotheses from that theory, and then collecting and analyzing data to test those hypotheses.

Question 6

why is business research important

Answer 6

by weighing up information from all business perspectives management can gain a deeper understanding of their business.
it helps to solve business problems.
to help understand the environment the business is in.