Find relevant sources to support a business decision.
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Find relevant sources to support a business decision. Choose one of the following small business situations—or another situation that interests you: ● You own a clothing store and want to know whether to offer hats. ● You own an ice cream store and want to know whether to offer products other than ice cream (e.g., other desserts or soda). ● You own a jewelry store and want to know which precious gems are most popular (and what quantities you should order). ● You own a stationery store and want to know how to stock greeting cards—which are most popular? ● You own a sporting goods store and want to know the most popular bicycle brands by riders’ age group. ● You own a computer repair business and want to know what services customers will want. Conduct research and find a few articles to help you make your decision. Provide a list of the most relevant sources you found. |
Explanation
Research is a process of re-searching the particular information in a systematic way, by doing all possible investigation through various sources in order to find facts and come out with authentic conclusion. If in any situation any problem arises doing research is a way to find a solution of it. There are various methods of data collection in any research, identifying data collection tool is also important. Research help to bring positive changes and to develop one concept, we are doing research.
Sample Response
The situation here refers to a person who owns a computer repair business. For this person to determine the services their customers would want, sources like G-----e would not be enough as this kind of specific information would not be available in the public domain. The correct method of data collection would be to collect data from primary sources like the records of existing computer repair businesses or service providers. This gives an insight into the kind of services like the type of faults that er experience by customers, the type of repairs that are popular and largely in demand. Another method would be to check the demand and supply of related goods. For instance, if customers want replacement services, then there will be a greater demand for computer spare parts.
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