The European Union is an example of a(n) _____. a. economic bloc ...

[saraeharris]

The European Union is an example of a(n) _____.
 a. economic bloc
  b. export consortium
  c. multilateral negotiation
  d. nontariff barrier zone

Question 2

Describe basic and applied business research and design an example of each.

[Tonny]

Answer to Question 1

A

Answer to Question 2

Applied business research is conducted to address a specific decision for a specific firm or organization. It is relatively specific, and an example is Wendy's fast food restaurant trying to determine if its new veggie burger will be successful or a company's human resource manager researching which insurance benefits will attract the best employment candidates.

Basic business research is conducted without a specific decision in mind, and it usually does not address the needs of a specific organization. It attempts to expand the limits of knowledge in general, and as such is not aimed at solving a particular pragmatic problem. For example, a researcher might study the effects of CEO age on initial public offering (IPO) valuation.

[saraeharris]

Thank you

[Tonny]

No problemo