Differentiate Between Qualitative and Quantitative Research Designs

question 12

Essay

Differentiate between qualitative and quantitative research designs. What are the differences between the two in terms of study purpose, data collection methods, and sampling methods?

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Definitions:

Large Numbers

Quantities that are significantly higher than what is typical, often used to denote scale in statistical or numerical contexts.

Economies of Scope

Cost advantages that a business achieves by providing a variety of products rather than specializing in a single product or service.

Economies of Scope

Cost advantages that enterprises obtain through the diversification of production, by producing multiple products using the same operations or inputs.

Diversification Strategies

Business approaches to entering new markets or industries to reduce reliance on a single market or product line.