I need to answer the questions below based on the information submitted in the paper outline.
COMPANY X has used to be known as a well-reputed and customer centric company but during the last five decades, the sales of the company at a macro level has been observed to be falling with a considerable pace. The reason some analysts have described is the shifting of the manufacturing plants from the home country to different foreign countries like China, Taiwan and Vietnam. The reason behind the initiative of shifting manufacturing plants was to control the manufacturing costs and increase the profit margin overall but the trick didn’t work as per the predictions and the overall scenario became dark.
The research can be performed to assess the viability of the plan of shifting the manufacturing plants out there in different developing countries with low cost of labor and increasing demand of foreign investment. The hypothesis that this research can possibly weigh is about the cost reduction and change in profit margins of the company. The null hypothesis, thus, states as; whether the shifting of manufacturing plants has widened or narrowed the cost structure of the company against the alternative hypothesis that the current reduction in sales is not defined by the shifting of manufacturing plants in other countries.
The variables of interest chosen for this part of study may be difficult to recognize. For the purpose, “profit margin” or the “overall revenue” of the company may be a good option for the dependent variable while the independent side will include the costs associated with shifting, hiring new labor and other such control variables to assess the whole scenario. Team D will focus on COMPANY X and conduct a businessresearch based on descriptive and comparative cost structures about the current and previous costs of the manufacturing plants.
H0: There is no difference between the efforts of cost reduction through shift of manufacturing plants and the change in the profit margin of the company.
H1: There exists a difference between the efforts of cost reduction through the shift of manufacturing plants and the change in the profit margin of the company.
“How effective was the initiative of shifting manufacturing plants in controlling the manufacturing costs in influencing the overall profit margin of the company?” This question will allow Learning Team D to:
• Determination of the focus and direction for the research project.
• The different types of hypothesis enable the team to state the purpose of the research study.
• Determination of the kind of variables to be taken into account for the accomplishment of the research.
In business management will be faced with uncertainties in their decision making. COMPANY X’s plan to increase profits by shifting their manufacturing operations to foreign countries was unsuccessful. Team D will focus on COMPANY X and conduct a business research plan restructuring COMPANY X’s plan to increase profits.
Opsmgt.edublogs.org,. (2012). Nike Operation in Vietnam | Operations Management & Business Issues in Today’s Competitive Environment. Retrieved 11 September 2015, from http://opsmgt.edublogs.org/2012/06/28/nike-operation-in-vietnam/
Copper, D, & Schindler, P (2014) Business Research Methods (16th ed) McGraw-Hill Irwin Companies, Inc, NY
Please help me to answer these questions in a word document:
Write a 350- to 700-word paper using the scenario and two variables your learning team developed for the Week 2 Business Research Project Part 1 assignment, in which the goal is to submit a random samplingplan in such detail that another researcher could replicate the method.
Discuss the following:
•Population and size
•The target population and brief reasoning
•Sampling element which may be conducted through any of the following:
◦Survey (If a surveyis chosen, create a 5-10 question document), or
•The sample size
•Method of random samplingwhich may include:
Calculate the sample size for the meanor sample or sample size for the proportion, using a 95% confidence level, estimated population standard deviationor estimate of the true population proportion, and a 5% margin of error. Place the calculation in the Appendix.
Discuss how validity and reliability will be achieved.
If applicable, explain how human subjects will be protected.
Part 2: DataCollection
Explain how the data will be physically collected.
Explain where data will be stored and how it will be protected.
The calculation part of the assignment can only be done when the data or some figures are given. The calculations of 95% confidence level, estimated population standard deviation or estimate of the true population proportion, and a 5% margin of error will be calculated for some data and figures given. Further, I have discussed about validity and reliability and it is also explained that how human subjects will be protected. I hope this will be sufficient to address your comments.
The response addresses the query posted in 780 words with APA references
//The process of hypothesis testing includes the use of appropriate data collection methods, sample size and sampling methods. The questions related to population, sample and sampling methods are being answered in the below section.//
The two variables of interest are independent and dependent variables. The ‘profit margin’ or ‘overall revenue’ of the company may be considered as dependent variables, whereas the independent variables are ‘the costs associated with shifting’, ‘the costs associated with hiring new labor’ and other such control variables to assess the whole scenario. Further, the hypothesis testing is given below:
H0: There is no difference between the efforts of cost reduction through the shift of manufacturing plants and the change in the profit margin of the company.
H1: There exists a difference between the …
The expert examines sampling design. The response addresses the query posted in 780 words with APA references.