What is the application of the scientific method in searching for the truth about business phenomena
Answers
Business Research is the answer to the given question.
Explanation:
Research is human activity in the investigation of matter based on intellectual application.
Business research is any research activity carried out which is related to the different functions of the business or industry.
Example: a company plans to release latest car model. They would need to develop a strategy to explore and monitor customer demand. So, the company might research for such information and analyzing market trends. This can help with decision making and releasing a fine quality car at the price which help gain larger market share.
Answer:
The application of the scientific method in searching for the truth about business phenomena is Business research.
Explanation:
Research is described as a human activity involving the application of logic to the study of matter. Discovering, interpreting, and developing methods and systems for the advancement of human knowledge is the core goal of applied research.As a result, research is a unique contribution to the current body of knowledge that contributes to its growth. It is the quest of truth by research, observation, comparison, and experimentation. The search for knowledge through an objective and methodical process of finding a solution to a problem is known as research.
Business research may be defined as actions that involve conducting research on various functions in the business and corporate sector. Business research is the process of gathering thorough information on all aspects of a company's operations and applying that information to increase sales and profits. A study like this might assist businesses figure out which product or service is the most profitable or in demand. Business research is defined as the gathering of information and expertise for professional or commercial purposes, such as identifying a company's potential and goals. Gathering sales data and generating a detailed report on marketing and sales is an example of business research.
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