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Managing Research Design Simulation. Running head: MANAGING RESEARCH DESIGN
SIMULATION Managing Research Design Simulation Bryan ...
Managing Research Design. Managing Research Design A). The problem with asking
the question "how many cups of coffee have you consumed ...
... The McGraw Hill, 12th Edition Simulation, (2002). Statistics and Research Methods
for Managerial Decisions. Managing Research Design. Coffee Time. ...
... University of Phoenix. Week one: Simulation. Retrieved April 06, 2008, from University
of Phoenix, Week One, rEsource,Simulation: Managing Research Design. ...
... The McGraw Hill, 12th Edition Simulation, (2008). Statistics and Research Methods
for Managerial Decisions. Managing Research Design. Coffee Time. ...
Submitted by Sluka on December 2, 2005
Category: Business
Words: 925 | Pages: 4
Views: 672
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Managing Research Design
A). The problem with asking the question "how many cups of coffee have you consumed in the past 30 days?" is that the question leaves to much room for error. The subjects that would actually be able to give an accurate descriptive answer to this question are adults and middle age adults because they have more focus and typically have routines that are set the same each day. This question could be rephrased to "how many cups of coffee do you consume on a daily basis?" or "how many cups of coffee do you consume daily, including weekends?
A). 0
B). 1-3
C). 4-6
D). 7-9
Breaking the question down will allow for more accurate responses and the researcher can use formulas to get more detailed answers.
B). Secondary or Primary Data
1). Forecasting and business trend research are considered secondary data because they are using original work that has been created by others, to develop forecasts and trends, either for themselves or others. Using this type of data the CoffeeTime managers would be able to determine what cities they should focus on, who their target customers are, and what the expected revenue would be per CoffeeTime outlet.
2). Market share and market potential are considered primary data because the information has to be researched and gathered by the person determining these two factors. "The principles of determining market share and market potential are the same for all geographic areas. First determine a customer profile (who) and the geographic size of the market (how many). This is the general market potential. Knowing the number and strength of your competitors (and then estimating the share of business you will take from them) will give you the market potential specific to your enterprise," (http://www.sba.gov/starting/faqs/quek23.html). The managers would be able to use this data to maximize their potential when opening a...
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