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Question 3
An entrepreneur is thinking of opening a restaurant in their local area. What is an example of qualitative market research data they could use? A The number of adu... show full transcript
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Qualitative market research focuses on understanding the motivations, preferences, and experiences of individuals. This type of data is descriptive and often collected through interviews, focus groups, or open-ended survey questions. In this case, option C stands out as it seeks to understand the specific preferences of local residents regarding their dining choices, which aligns with qualitative research aims.
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1.1 Role of business enterprise and entrepreneurship
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1.2 Business planning
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1.3 Business ownership
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1.4 Business aims and objectives
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1.5 Stakeholders in business
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1.6 Business growth
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2.1 Role of marketing
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2.2 Market research
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2.4 The marketing mix
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3.2 Organisational structures and different ways of working
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3.3 Communication in business
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3.5 Motivation and retention
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3.6 Training and development
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4.1 Production processes
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4.2 Quality of goods and services
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4.3 Sales processes and customer service
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4.4 Consumer law
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4.6 Working with suppliers
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5.1 Role of the finance function
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5.2 Sources of finance
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5.3 Revenue, costs and profits
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5.5 Cash and cash flow
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6.2 The economic climate
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