The Use of Observation as a Data Gathering Method Can

question 16

Multiple Choice

The use of observation as a data gathering method can generate:

• A)Quantitative data.
• B)Qualitative data.
• C)Both quantitative and qualitative data.
• D)Numeric data.

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Definitions:

Strategy Formulation

The process of identifying strategic goals, generating and evaluating strategic options, and selecting the appropriate strategies for implementation.

Strategy Implementation

The process of executing plans and strategies to achieve organizational goals and objectives.

Strategic Marketing

The process of planning, developing, and implementing maneuvers to obtain a competitive edge in the market.

Strategic Outsourcing

The practice of delegating certain business processes or functions to external vendors to focus on core competencies and achieve strategic goals.