Business Research Methods 2024

What are the steps involved in the research process?

• Identifying the research problem, reviewing literature, formulating a hypothesis, designing the research, collecting data, analyzing data, and drawing conclusions.

• Writing a report, presenting findings, conducting interviews

• Creating a survey, analyzing data, drawing conclusions

• Developing a marketing plan, collecting feedback, implementing strategies

Explain the difference between qualitative and quantitative research design.

• Qualitative research design focuses on understanding human behavior and the reasons behind it, while quantitative research design focuses on numerical data and statistical analysis.

• Qualitative research design is more objective and less subjective, while quantitative research design is more subjective and less objective.

• Qualitative research design uses surveys and questionnaires, while quantitative research design uses in-depth interviews and observations.

• Qualitative research design focuses on numerical data and statistical analysis, while quantitative research design focuses on understanding human behavior and the reasons behind it.

What is the importance of literature review in research?

• It has no importance in research

• It only provides historical information

• It is a waste of time and resources

• It helps in identifying existing gaps in research and provides a theoretical framework.

Discuss the various types of research designs used in business research.

• Descriptive and Exploratory research designs

• Primary, secondary, and tertiary research designs

• mixed-methods research designs

• Inferential research designs

What are the key components of a research proposal?

• Executive summary, marketing plan, financial projections

• Title, abstract, introduction, literature review, research design and methods, data analysis, and budget

• Survey questions, interview transcripts, personal opinions

• Hypothesis testing, conclusion, references

Explain the concept of sampling in research design.

• Sampling is the process of analyzing data after it has been collected

• Sampling involves selecting only the most extreme cases for research

• Sampling in research design is the process of selecting a subset of individuals or items from a larger population to represent the whole for the purpose of research.

• Sampling is the process of creating a random mix of different research methods

What are the ethical considerations in business research?

• Informed consent, confidentiality, avoiding conflicts of interest

• Using outdated data

• Paying participants for positive results

• Ignoring participant confidentiality

Discuss the role of data collection methods in the research process.

• Data collection methods are only used for interpretation, not analysis

• Data collection methods only gather irrelevant data

• Data collection methods help in gathering accurate and relevant data for analysis and interpretation.

• Data collection methods have no impact on the research process

What is inductive research?

• A type of research testing a specific hypothesis and drawing conclusions from the results.

• A type of research that uses only quantitative data for analysis

• A type of research that involves the generation of theories or generalizations based on specific observations or evidence.

• A type of research that relies solely on personal opinions and beliefs

Define applied research.

• A type of research that only uses qualitative methods

• A type of research that focuses on theoretical concepts and ideas

• A type of research that has no practical application

• A type of research that aims to solve practical problems and produce useful results.