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CH 4 Business Related Information

Business related information is considered non-biased (NB) because it is used for decision making regarding financial aspects, product manufacturing, and customer needs and target markets. Data must be processed into meaningful information to help management develop knowledge and wisdom through experience. Primary research involves original research conducted directly by a business through methods like interviews, questionnaires, and observations, while secondary research uses already available data previously collected by other researchers.

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Rolandi Viljoen
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31 views1 page

CH 4 Business Related Information

Business related information is considered non-biased (NB) because it is used for decision making regarding financial aspects, product manufacturing, and customer needs and target markets. Data must be processed into meaningful information to help management develop knowledge and wisdom through experience. Primary research involves original research conducted directly by a business through methods like interviews, questionnaires, and observations, while secondary research uses already available data previously collected by other researchers.

Uploaded by

Rolandi Viljoen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Business related information

Is NB because it is used for


decision making e.g. financial http://www.newdesignfile.com/post_
aspects, product manufacturing, information-icon-vector_126597/
customer needs and target
market.

Ethics in Research - keep in


Data Information Research
mind:
https://icon-library.net/icon/data-icon-png-16.html

Permission must be obtained


is considered "raw / unprocessed is processed data used for
Primary research Secondary research from the person being
information" decision making.
researched

Is original research conducted by


Data must be processed / Is data already available because
Experience helps management to business / individuals through Some data has the potential to
transformed into meaningful it has been previously collected
develop knowledge and wisdom. interviews, questionnaires, cause harm to others
information by other researchers.
surveys and / or observations

Be aware of how data will be


e.g. production figures, sales
accessed, used and distributed to
numbers
protect source

Researcher should be objective


during execution

https://www.aiip.org/research-specialists
Findings must be accurate and a
true version of the surveys

Avoid plagiarism because it is


https://www.shutterstock.com/search/pla
unethical
giarism%20icon?image_type=vector
https://webstockreview.net/explore/conclusion-clipart-primary-research/

Consumo Publishers Business related information

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