Attempt all above questions in detail.

Q1) Is it possible to make sound managerial decisions without business research? What advantages does research offer to the decision maker over seat-of-the-pants decision making?

Q2) Define business research and describe its tasks?

Q3) Which of the following organizations are likely to use business research? Why? How?

a) Manufacturer of breakfast of cereals?

b) Manufacturer of nuts, bolts, and other fasteners?

c) The Federal Trade Commission?

d) A hospital?

e) A company that publish business textbooks?

Q4) List the conditions that help a researcher decide when researcher should or should not be connected?