Explain in Details, using the literature below, and give a practical example about the following:Business research process.LITERATURE: The research process or methodology is the approach to the entire study — it is the master plan. It is the blueprint for achieving research objectives. Irrespective of the research being conducted, the business research process comprises the following:Problem definition Raise hypotheses, which are educated guesses to research questions.Select independent and dependent variables and operationalize them.Select relevant research design(s).Select appropriate sampling method(s). Select appropriate measurement scale(s).Select data collection method(s). Select appropriate methods of data analysis. Interpret and report findings.Implement research findings.

Business Research The word business research involves the study and research that is intended to…

Answered: Explain in Details, using the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Related questions

Question

100%

Explain in Details, using the literature below, and give a practical example about the following:

Business research process.

LITERATURE: The research process or methodology is the approach to the entire study — it is the master plan. It is the blueprint for achieving research objectives. Irrespective of the research being conducted, the business research process comprises the following:

Problem definition
Raise hypotheses, which are educated guesses to research questions.
Select independent and dependent variables and operationalize them.
Select relevant research design(s).
Select appropriate sampling method(s).
Select appropriate measurement scale(s).
Select data collection method(s).
Select appropriate methods of data analysis.
Interpret and report findings.
Implement research findings.

Expert Solution

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.

Similar questions