SlideShare a Scribd company logo
1 of 2
Download to read offline
What is business research?
Business research is a process of acquiring detailed information from all
areas of the business. To maximize the organization's sales and benefits.
This study helps companies determine which products and services are
most profitable or most in demand.
In simple words, it can be stated as the acquisition of information or
knowledge for professional or commercial purposes to determine the
opportunities and goals of a business. See also: Staff turnover. What are
the causes and how to reduce them?
Business search can be used for anything. In general, when people talk
about the term. This means asking questions to find out how money can be
spent to increase sales.
Profits or market share. This research is critical to making wise and
informed decisions.
For example:
A mobile phone company wants to launch a new model on the market. But
they are not aware of the dimensions of a cell phone that is most in
demand.
Therefore, the company conducts a business investigation using various
data collection methods. And it is evaluated and conclusions are drawn, in
terms of the most demanded dimensions.
Which will allow the researcher to make the right decisions to position their
actions. Phone at the right price in the market and therefore acquire a
larger market share.
Business research methodologies
Business search is part of the business intelligence process. It is usually
done to determine whether a company can be successful in a new region.
Understand your competitors or simply select a marketing approach for a
product. This can be done using qualitative or quantitative research
methods.
research methods
quantitative
The quantitative research method is one that deals with numbers. It is a
systematic empirical investigation using statistical, mathematical, or
computational techniques. Typically, these methods start with data
collection and then move on to statistical analysis using various methods.

More Related Content

Similar to What is business research

Significance of reserach in business decision making
Significance of reserach in business decision makingSignificance of reserach in business decision making
Significance of reserach in business decision makingkomal bhardwaj
 
Globalcompose.com sample thesis on antecedents and consequences of marketing ...
Globalcompose.com sample thesis on antecedents and consequences of marketing ...Globalcompose.com sample thesis on antecedents and consequences of marketing ...
Globalcompose.com sample thesis on antecedents and consequences of marketing ...Academic Research Paper Writing Services
 
Market Research 4 Steps To Make Yours
Market Research  4 Steps To Make YoursMarket Research  4 Steps To Make Yours
Market Research 4 Steps To Make YoursKrishna Kumar (KK)
 
Marketing
MarketingMarketing
MarketingLepipi
 
MARKET RESEARCH WEEK 1.pptx
MARKET RESEARCH WEEK 1.pptxMARKET RESEARCH WEEK 1.pptx
MARKET RESEARCH WEEK 1.pptxPreciousChanaiwa
 
MARKET RESEARCH WEEK 1 LESSON OVERVIEW.pptx
MARKET RESEARCH WEEK 1 LESSON OVERVIEW.pptxMARKET RESEARCH WEEK 1 LESSON OVERVIEW.pptx
MARKET RESEARCH WEEK 1 LESSON OVERVIEW.pptxPreciousChanaiwa
 
INTRODUCTION OF BRM.ppt
INTRODUCTION OF BRM.pptINTRODUCTION OF BRM.ppt
INTRODUCTION OF BRM.pptYashwanth Rm
 
A study to market research and business development ppt
A study to market research and business development pptA study to market research and business development ppt
A study to market research and business development pptRevantikarajeSitole
 
Market Research - The Ultimate Guide.pdf
Market Research - The Ultimate Guide.pdfMarket Research - The Ultimate Guide.pdf
Market Research - The Ultimate Guide.pdfDriven to Succeed, LLC
 
Enterprations Weekly Strategy, Number 2, December 2016
Enterprations Weekly Strategy, Number 2, December 2016Enterprations Weekly Strategy, Number 2, December 2016
Enterprations Weekly Strategy, Number 2, December 2016Mutiu Iyanda, mMBA, ASM
 

Similar to What is business research (20)

Task 1
Task 1Task 1
Task 1
 
Task 1!
Task 1!Task 1!
Task 1!
 
Task 1!
Task 1!Task 1!
Task 1!
 
Market research
Market researchMarket research
Market research
 
Market Research.pptx
Market Research.pptxMarket Research.pptx
Market Research.pptx
 
Task 1
Task 1Task 1
Task 1
 
Task 1!
Task 1!Task 1!
Task 1!
 
Significance of reserach in business decision making
Significance of reserach in business decision makingSignificance of reserach in business decision making
Significance of reserach in business decision making
 
Pcc mktg 6 chapter 2
Pcc mktg 6 chapter 2Pcc mktg 6 chapter 2
Pcc mktg 6 chapter 2
 
Globalcompose.com sample thesis on antecedents and consequences of marketing ...
Globalcompose.com sample thesis on antecedents and consequences of marketing ...Globalcompose.com sample thesis on antecedents and consequences of marketing ...
Globalcompose.com sample thesis on antecedents and consequences of marketing ...
 
Introduction
IntroductionIntroduction
Introduction
 
Market Research 4 Steps To Make Yours
Market Research  4 Steps To Make YoursMarket Research  4 Steps To Make Yours
Market Research 4 Steps To Make Yours
 
Marketing
MarketingMarketing
Marketing
 
MARKET RESEARCH WEEK 1.pptx
MARKET RESEARCH WEEK 1.pptxMARKET RESEARCH WEEK 1.pptx
MARKET RESEARCH WEEK 1.pptx
 
MARKET RESEARCH WEEK 1 LESSON OVERVIEW.pptx
MARKET RESEARCH WEEK 1 LESSON OVERVIEW.pptxMARKET RESEARCH WEEK 1 LESSON OVERVIEW.pptx
MARKET RESEARCH WEEK 1 LESSON OVERVIEW.pptx
 
Ppt.file
Ppt.filePpt.file
Ppt.file
 
INTRODUCTION OF BRM.ppt
INTRODUCTION OF BRM.pptINTRODUCTION OF BRM.ppt
INTRODUCTION OF BRM.ppt
 
A study to market research and business development ppt
A study to market research and business development pptA study to market research and business development ppt
A study to market research and business development ppt
 
Market Research - The Ultimate Guide.pdf
Market Research - The Ultimate Guide.pdfMarket Research - The Ultimate Guide.pdf
Market Research - The Ultimate Guide.pdf
 
Enterprations Weekly Strategy, Number 2, December 2016
Enterprations Weekly Strategy, Number 2, December 2016Enterprations Weekly Strategy, Number 2, December 2016
Enterprations Weekly Strategy, Number 2, December 2016
 

Recently uploaded

Exploring-Pipe-Flanges-Applications-Types-and-Benefits.pptx
Exploring-Pipe-Flanges-Applications-Types-and-Benefits.pptxExploring-Pipe-Flanges-Applications-Types-and-Benefits.pptx
Exploring-Pipe-Flanges-Applications-Types-and-Benefits.pptxTexas Flange
 
stock price prediction using machine learning
stock price prediction using machine learningstock price prediction using machine learning
stock price prediction using machine learninggauravwankar27
 
Raising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesRaising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesAlejandro Cremades
 
Presentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledPresentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledCaitlinCummins3
 
Potato Flakes Manufacturing Plant Project Report.pdf
Potato Flakes Manufacturing Plant Project Report.pdfPotato Flakes Manufacturing Plant Project Report.pdf
Potato Flakes Manufacturing Plant Project Report.pdfhostl9518
 
Constitution of Company Article of Association
Constitution of Company Article of AssociationConstitution of Company Article of Association
Constitution of Company Article of Associationseri bangash
 
Elevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesElevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesHaseebBashir5
 
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdfInnomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdfInnomantra
 
How to Maintain Healthy Life style.pptx
How to Maintain  Healthy Life style.pptxHow to Maintain  Healthy Life style.pptx
How to Maintain Healthy Life style.pptxrdishurana
 
Global Internal Audit Standards 2024.pdf
Global Internal Audit Standards 2024.pdfGlobal Internal Audit Standards 2024.pdf
Global Internal Audit Standards 2024.pdfAmer Morgan
 
PitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for StartupsPitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for StartupsAlejandro Cremades
 
Toyota Kata Coaching for Agile Teams & Transformations
Toyota Kata Coaching for Agile Teams & TransformationsToyota Kata Coaching for Agile Teams & Transformations
Toyota Kata Coaching for Agile Teams & TransformationsStefan Wolpers
 
wagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORIwagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORIIRODORI inc.
 
hyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statementshyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statementsirhcs
 
Blinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptx
Blinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptxBlinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptx
Blinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptxSaksham Gupta
 
zidauu _business communication.pptx /pdf
zidauu _business  communication.pptx /pdfzidauu _business  communication.pptx /pdf
zidauu _business communication.pptx /pdfzukhrafshabbir
 
Powerpoint showing results from tik tok metrics
Powerpoint showing results from tik tok metricsPowerpoint showing results from tik tok metrics
Powerpoint showing results from tik tok metricsCaitlinCummins3
 
Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Alejandro Cremades
 
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfبروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfomnme1
 

Recently uploaded (20)

Exploring-Pipe-Flanges-Applications-Types-and-Benefits.pptx
Exploring-Pipe-Flanges-Applications-Types-and-Benefits.pptxExploring-Pipe-Flanges-Applications-Types-and-Benefits.pptx
Exploring-Pipe-Flanges-Applications-Types-and-Benefits.pptx
 
stock price prediction using machine learning
stock price prediction using machine learningstock price prediction using machine learning
stock price prediction using machine learning
 
Raising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE VenturesRaising Seed Capital by Steve Schlafman at RRE Ventures
Raising Seed Capital by Steve Schlafman at RRE Ventures
 
Presentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelledPresentation4 (2) survey responses clearly labelled
Presentation4 (2) survey responses clearly labelled
 
Potato Flakes Manufacturing Plant Project Report.pdf
Potato Flakes Manufacturing Plant Project Report.pdfPotato Flakes Manufacturing Plant Project Report.pdf
Potato Flakes Manufacturing Plant Project Report.pdf
 
Constitution of Company Article of Association
Constitution of Company Article of AssociationConstitution of Company Article of Association
Constitution of Company Article of Association
 
WAM Corporate Presentation May 2024_w.pdf
WAM Corporate Presentation May 2024_w.pdfWAM Corporate Presentation May 2024_w.pdf
WAM Corporate Presentation May 2024_w.pdf
 
Elevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO ServicesElevate Your Online Presence with SEO Services
Elevate Your Online Presence with SEO Services
 
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdfInnomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
Innomantra Viewpoint - Building Moonshots : May-Jun 2024.pdf
 
How to Maintain Healthy Life style.pptx
How to Maintain  Healthy Life style.pptxHow to Maintain  Healthy Life style.pptx
How to Maintain Healthy Life style.pptx
 
Global Internal Audit Standards 2024.pdf
Global Internal Audit Standards 2024.pdfGlobal Internal Audit Standards 2024.pdf
Global Internal Audit Standards 2024.pdf
 
PitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for StartupsPitchBook’s Guide to VC Funding for Startups
PitchBook’s Guide to VC Funding for Startups
 
Toyota Kata Coaching for Agile Teams & Transformations
Toyota Kata Coaching for Agile Teams & TransformationsToyota Kata Coaching for Agile Teams & Transformations
Toyota Kata Coaching for Agile Teams & Transformations
 
wagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORIwagamamaLab presentation @MIT 20240509 IRODORI
wagamamaLab presentation @MIT 20240509 IRODORI
 
hyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statementshyundai capital 2023 consolidated financial statements
hyundai capital 2023 consolidated financial statements
 
Blinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptx
Blinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptxBlinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptx
Blinkit: Revolutionizing the On-Demand Grocery Delivery Service.pptx
 
zidauu _business communication.pptx /pdf
zidauu _business  communication.pptx /pdfzidauu _business  communication.pptx /pdf
zidauu _business communication.pptx /pdf
 
Powerpoint showing results from tik tok metrics
Powerpoint showing results from tik tok metricsPowerpoint showing results from tik tok metrics
Powerpoint showing results from tik tok metrics
 
Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)Inside the Black Box of Venture Capital (VC)
Inside the Black Box of Venture Capital (VC)
 
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfبروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
 

What is business research

  • 1. What is business research? Business research is a process of acquiring detailed information from all areas of the business. To maximize the organization's sales and benefits. This study helps companies determine which products and services are most profitable or most in demand. In simple words, it can be stated as the acquisition of information or knowledge for professional or commercial purposes to determine the opportunities and goals of a business. See also: Staff turnover. What are the causes and how to reduce them? Business search can be used for anything. In general, when people talk about the term. This means asking questions to find out how money can be spent to increase sales. Profits or market share. This research is critical to making wise and informed decisions. For example: A mobile phone company wants to launch a new model on the market. But they are not aware of the dimensions of a cell phone that is most in demand. Therefore, the company conducts a business investigation using various data collection methods. And it is evaluated and conclusions are drawn, in terms of the most demanded dimensions. Which will allow the researcher to make the right decisions to position their actions. Phone at the right price in the market and therefore acquire a larger market share.
  • 2. Business research methodologies Business search is part of the business intelligence process. It is usually done to determine whether a company can be successful in a new region. Understand your competitors or simply select a marketing approach for a product. This can be done using qualitative or quantitative research methods. research methods quantitative The quantitative research method is one that deals with numbers. It is a systematic empirical investigation using statistical, mathematical, or computational techniques. Typically, these methods start with data collection and then move on to statistical analysis using various methods.