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Essay / Research Paper Abstract
This 6 page paper answers two questions set by the student. The first part of the paper uses probability to assess the potential performance of a new business and assess the potential value of a market research report. The second part of the paper uses a regression line equation to assess potential future fuel bill costs. The bibliography cites 2 sources.
Page Count:
6 pages (~225 words per page)
File: TS14_TEopcalc.rtf
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Unformatted sample text from the term paper:
for the books. However, there is no guarantee that there will be a high demand, and there is also a potential for a loss to be made is there is
a low demand. In any assessment of a business potential it is generally agreed that it is advisable to collect information about market and its influences in order to
assess the potential risk and reward that may be present. The data that is collected need to look at current and projected influences ion the market. There is data available
for a range of sources, general economic data and market data. It is also possible top buy in market research reports. There is a thriving market in the sale of
market research reports and Mark M Upp may be tempted into buying one. There are a number of advantages. They can be advantageous as there is the ability for the
purchaser to gain the specialist knowledge of the researcher and the research company. It is also likely that they will have a high level of access to sources that the
purchase, in this case Mr Upp, would either not have access to, may not have the skills to analyses or may take too long to make an analysis of it
viable when undertaking all the other tasks of everyday life and setting up a business. When considering whether or not to purchase the report there will need to be
several considerations to assess its potential value to the business. If Mr. Upp believes he already has a very accurate views of the market and has in depth knowledge and
access to relevant resources then the report may only confirm the expectations or may only be of a marginal value. However, if Mr. Upp does not have a high level
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