Concept Application of Concept in Scenario Reference to Concept in Reading
Distinguish among what is knowable, unknowable, and researchabl
Coffee Time aims to expand their business into an emerging market- India. They need to know what cities to enter, the target market, and what is the expected revenue? To do the expansion right, a company must do their due diligence and know the market that they are about to penetrate. Use of data mining, internal warehousing and other tools are at the company’s disposal. (Cooper Chapter 1, 2005, pg 5).
Cooper. (2003) Business research methods (8th ed.). New York: McGraw-Hill
Distinguish between secondary and primary research
Primary research refers to the data that has been collected by the researcher that is company specific.
Secondary research refers to the data that has been collected by someone other than the researcher or for some other purpose rather than the project at hand. Coffee Time executives will use a blend to primary and secondary research to assist them in their decision making. Research takes time and costs money. When entering new markets Coffee Time uses both secondary and primary research.
( in class lecture August 2nd, Dr.)
University of Phoenix (2006). Managing Research Design.
Retrieved August 4, 2007, from University of Phoenix, rEsource simulation.
Identify tools of data analysis
According to Lind (2005):
Descriptive Statistics- Methods of organizing, presenting, analyzing data
Inferential Statistics- Methods used to determine something about a population on the basis of a sample.
Bar charts, Pie charts, Dot Diagrams, Hist ...