Its a way of generating numerical data or data that can be transformed into useable statistics. eg online surveys
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What is Qualitative Research
It is used to gain an understanding of underlying reasons, opinions, and motivations. eg focus groups
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Name 4 different types of markets
Local, National, Physical, Electronic
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What is Private Limited Company shortened to
LTD
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What is Public Limited Company shortened to
PLC
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4 different types of employees
Temporary, Permanent, Full-time and Part time
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What is a consultant and how do they help a business
A consultant is someone that is brought into a business that has a special skill (computers) and they get paid to help a business for a period of time.
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What are the 6 factors influencing start up location
Attract small segments of the population- willing to pay high prices for something that is unique- better quality products- know the cutomers needs and wishes
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Franchise
A business that already has a successful product or service- work under the fanchisors name and guidence- in exchange for a fee- eg Subway
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Other cards in this set
Card 2
Front
What is Qualitative Research
Back
It is used to gain an understanding of underlying reasons, opinions, and motivations. eg focus groups
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