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methods for collecting informationliterature research study of secondary data the quickest and most economical way is to find possible
survey of knowledgeable persons or experience survey experience survey means the survey of people who have had practical experience with the
problem on abc analysis of inventorythe abc analysis of inventory divides inventory into three classesclass a - high annual dollar volumeclass b -
a paper mill produces two grades of paper viz x and y because of raw material restrictions it cannot produce more than 400 tons of grade x
case studythe third general type of exploratory research is the case methods this research method has long been considered soft or non-scientific but
distinctive features of case studyaincrease of knowledge like the historical method the traditional case study method also serves a dual purpose
specific steps in the case study approacha determining present status the first step is to gather descriptive information which will determine as
advantages of case studya being an exhaustive study of a social unit the case study method enables us to understand fully the behaviour pattern of
a paper mill produces two grades of paper viz x and y because of raw material restrictions it cannot produce more than 400 tons of grade x paper and
determine the sample size needed to cut the margin of errorbelow you are given ages that were obtained by taking a random sample of 9 undergraduate
conclusive researchconclusive research provides information which helps the executive to make a ration decision the marketing executive has to arrive
descriptive researchdescriptive studies as their name implies are designed to describe something for example the characteristics of users of a given
types of descriptive studiesto facilitate the discussion on the design of descriptive studies two types or method of study are considered separately
mr vincent the manager of a large supermarket was taking a management course in theevening programme at the local college the professor had given an
advantages of statistical methodsainvolve relatively large number of observationsbanalysis is more objectivec averages and percentages are
solve the following linear programming problem using simple method maximize z 3x1 2x2 subject to the constraints x1 x2 4 x1 x2
descriptive research analysis it can be divided into two classesa panel analysis longitudinal studybcross sectional analysis study a longitudinal
advantages of panel dataa such data enable the researcher to undertake detailed analysis for example one can determine the characteristics of
limitations of panel dataa panel data may not be representative samples since panel members are expected to put in some effort in
advantages of field studya they are close to real and they cannot be criticized on the group that they are remote from real settings or are
limitation of field studyasuch studies are scientifically inferior to laboratory and field experimentsb there is lack of precision in the
advantage of survey researcha a major strength of survey research is it wide scope detailed information can be obtained from a
limitation of survey research a generally survey research does not penetrate below the surface as more emphasis is given to the extent of information
experimentationexperimentation is not easy to define it will refer to that research process in which one or more variables are manipulated under