Business Research Process
All of these process s are important for a business, though many small new businesses have failed to follow these steps In their own way they have done research without realizing It. One such case Is with the new second hand store that was opened by this writer’s spouse. The spouse discussed the process of the opening of the store without doing the scientific research . What was discussed was where the store was to open , the cost involved, the time it took to complete the process of setting up the store.
The other steps that were taken were the discussion of the rules the store would set for the vendors that would be allowed to setup and displace their items for sale. Also discussed was how the store was to be operated. The spouse felt that because he had been in the business for many years and knew the market and location of the building no research was required. Though this writer did check Into the vendors that were to step up, that Is they were checked for credit worthiness. Buy reading the textbook It was learned that the steps to follow for searching a new business or one
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Though it must be noted that the store the spouse opened s now into its third year and seems to be doing k, but farther research will be required to verify this data. References Business Research Methods 11 (Cooper, 2011) Business Research Process By Reasonable applied, limitations frankly revealed, adequate analysis for decision maker’s needs, FL endings presented unambiguously, conclusions Justified, and researcher’s experience genuineness have failed to follow these steps in their own way they have done research without realizing it.