Business Studies, asked by bond5915, 1 year ago

Elaborate research applications in social and business sciences

Answers

Answered by Akash7766
0
hey ...

The application of the scientific method in searching for the ... Type of Research Natural Sciences Social Sciences ... Business research is similar to Science.
Answered by MarkM
1

Research is important to businesses of all sizes. Research is the systematic study of a certain phenomena or occurrence either socially or in business. It can either be conducted by observation, survey or experimentation.

Research is important to businesses in the following ways:

i. Through research, businesses are able to asses their market position and know how to improve it

ii. Through research, businesses are able to assess their competitors and strengthen your competitive advantage.

iii. Research also helps business understand customer needs and anticipate trends in the market.

iv. Research also helps businesses develop new products and identify new markets.

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