Formal And Formal Research

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al differences between formal research and business proposals. Formal research is a gathering data systematically. It is both controlled and objective. In formal research, the researcher thoroughly defines exactly what will be studied and what will not be studied. Gathering and assessing data is done very carefully by a prescribed set of rules. Researchers do not deviate from these rules as it would leave room for error. The formal method provides a description based upon agreed upon units that can be measured and assessed for reliability (“The difference between…”,2012). A formal research report yields basic information. It also includes statistics in a specific field or industry, which the company has interest in (Jane, n.d). It would be in the best interest of a company to carefully research a product to determine if there are other products on the market that are similar. This gives the company the advantage of estimating projected sales profit for their product. It also could give insight on a list of manufacturers to make/assemble their product. Research reports reveal whe...

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