Term Paper on "Impact of the Higher Gas Prices in the Automobile Industry"
Term Paper 44 pages (12212 words) Sources: 20 Style: APA
[EXCERPT] . . . .
High Gas Prices on the Automobile IndustryThe heart and soul of this study, the primary research question, purports: What impact(s) do higher gas prices exert on the automobile industry (GM; Ford; Toyota; BMW; other manufacturers)? Subsequent questions include: How has the price of gas progressed through history? What do higher gas prices impact?
The study presents pertinent information/data which will prove useful to other researchers, as well as, to individuals impacted by higher gas prices, particularly those connected to the automobile industry. These individuals will especially benefit as this study aims to complement one's current understanding regarding this critical, contemporary concern.
This qualitative study utilizes the literature search methodology and obtains information from a variety of scholarly, news, general and governmental publications. Information from five interviews and a number of questionnaires is also included in this descriptive exploration to arrive at a relevant conclusion regarding Impact of High Gas Prices on the Automobile Industry.
AKNOWLEDGEMENT
Chapter I: Introduction
Chapter II: Review of the Literature
Chapter III: Historical Progression
Chapter IV: Impact of High Gas Prices
Chapter V: The Impact of High Gas Prices on the Automobile Industry
Chapter VI: Strategic Interview
GAS PRICES IMPACT AUTOMOBILE INDUSTRY
CHAPTER I:
INTRODUCTION
"The combination of rising world
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THE PROBLEM
Higher Petroleum Product Prices
Higher gas prices leave consumers with "less money to spend at retail, entertainment and dining out, according to a new study by the Nielsen Company." ("Nielsen: High Gas Prices," 2008)
Nielsen's research for 2007 presents findings that cause many consumers to cringe as they realize their weekly spending for higher gas prices ranged from 12 to 16%, with the expectation that as gas prices rise higher, consumers' budget for their weekly allocation gas will reach19%. "With gas prices expected to hit $4 per gallon this year, consumers will be spending nearly a fifth of their household budget on gas,' said Todd Hale, senior vice president, Consumer & Shopper Insights, Nielsen Consumer Panel Services." ("Nielsen: High Gas Prices," 2008)
STATEMENT of the PROBLEM
As noted in the introduction for this study, the contemporary continued rise in global oil, combined with the petroleum industry's reported low surplus production capacity continues to exert upward pressure on oil prices, in turn, contributing to increasingly, higher gas prices. (Energy Information Agency, 2008) the increase in gas prices contributing to a 20% household budget allocation for higher gas prices, this researcher contends, as noted by Hale ("Nielsen: High Gas Prices," 2008), constitutes a direct impact on what consumers can afford to spend, while it simultaneously signals a critical concern that needs to be addressed. According to the Energy Information Agency (2008), "The projected higher costs for crude oil will contribute to higher petroleum product prices. Consequently, record crude oil prices reportedly push current and expected gasoline prices to record levels.
Motor gasoline prices are projected to average $3.36 per gallon in 2008, up 55 cents from last year. Diesel prices are projected to show even larger increases in 2008, averaging $3.62 per gallon, or 74 cents above the 2007 average price. The monthly average gasoline price is projected to peak t about $3.60 per gallon this spring, while monthly diesel prices are expected to average about $3.90 per gallon in March and April. (Energy Information Agency, 2008)
PRIMARY RESEARCH QUESTION and SUB-QUESTION
The research question constitutes the heart and soul of any investigation, Dereshiwsky, (19-99) stresses. Consequently, the heart and soul of this study, the primary research question, purports: What impact(s) do higher gas prices exert on the automobile industry (GM; Ford; Toyota; BMW; other manufacturers)?
Subsequent questions include:
How has the price of gas progressed through history?
What do higher gas prices impact?
SIGNIFICANCE of THIS STUDY
The researcher purports this particular study to be important as it presents pertinent information/data which will prove useful to other researchers, as well as, to individuals impacted by higher gas prices, particularly those connected to the automobile industry. These individuals will especially benefit as this study aims to complement one's current understanding regarding this critical, contemporary concern.
RESEARCH DESIGN and METHODOLOGY
Study Components
This qualitative study utilizes the literature search methodology and obtains information from a variety of scholarly, news, general and governmental publications. Components contributing to the research process utilized in this study include, but are not limited to:
Literature Search of Relevant Information
Descriptive Research
Qualitative Analyses of Retrieved Information;
Interviews (Five Minimum)
Questionnaires
Conclusion regarding Impact of High Gas Prices
Relevant Research Considerations
Qualitative procedures prove particularly useful and appropriate to present "in-depth" knowledge about a particular concern, situation, setting, subject/group of subjects, etc. As it encompasses the potential to relate a "rich, thick description"(Denzin, cited by Dereshiwsky, 19-99) to characterize qualitative research. In fact, the words "exploratory and descriptive" basically identify a qualitative study.
The following figure (***) portrays two primary research study methods.
Figure in other file
In determining to utilize the qualitative method for this study, this researcher reviewed differences between qualitative vs. quantitative research, as those noted in the above figure (***), along with insight Hoepf (2006) notes regarding the debate related to the relative value of qualitative and quantitative inquiry in the following excerpt of this paper.
Qualitative vs. Quantitative
Phenomenological inquiry, or qualitative research, uses a naturalistic approach that seeks to understand phenomena in context-specific settings. Logical positivism, or quantitative research, uses experimental methods and quantitative measures to test hypothetical generalizations.
Qualitative research, broadly defined, means "any kind of research that produces findings not arrived at by means of statistical procedures or other means of quantification" (Strauss and Corbin, 1990, p. 17). Where quantitative researchers seek causal determination, prediction, and generalization of findings, qualitative researchers seek... illumination, understanding, and extrapolation.... Qualitative analysis results in a different type of knowledge than does quantitative inquiry.
A several considerations qualitative methods can be used to better understand any phenomenon can also be used to gain new perspectives on things about which much is already known, or to gain more in-depth information that may be difficult to convey quantitatively....Thus, qualitative methods are appropriate... where the researcher has determined that quantitative measures cannot adequately describe or interpret a situation.... (Hoepf, 2006)
Dereshiwsky (1999) presents the following table (1), relating qualitative research components, developed by Catherine Marshall and Gretchen Rossman.
Dereshiwsky (1999) contends this design constitutes the best he has found to match up "research questions, designs and qualitative data collection procedures." Dereshiwsky (1999) purports he particularly appreciates this particular guide, as it:
Helps keep the researcher focused on his/her overall goal: to answer the research question(s).
Helps the researcher determine the best way (design and procedures) to consequently answer research questions.
Table 1: Matching Research Questions with Strategy (Adapted from Marshall & Rossman, 1989; cited by Dereshiwsky (1999)
Study Purpose
Research
Question
Research
Strategy
Some Related
Qualitative
Data Collection
Procedures
EXPLORATORY:
to investigate little-understood phenomena to identify/discover important to generate hypotheses for further research
What is happening in this social program
What are the salient themes, patterns, & categories in participants' meaning structures?
How are these patterns linked with one another (to provide the broader explanations for what I'm trying to understand)?
Case study
Field study
Participant observation
In-depth interviewing
Elite interviewing
EXPLANATORY:
to explain the forces causing the phenomenon in question to identify plausible causal networks shaping this phenomenon
What events, beliefs attitudes, & polices are shaping this phenomenon?
How do these forces interact to result in this phenomenon?
Field study
Case study
Ethnography
Participant observation
In-depth interviewing
Document analysis
Unobstrusive measures
Survey
DESCRIPTIVE:
to document the phenomenon of interest
What are the salient behaviors, events beliefs, attitudes, structures & processes occurring with regard to my phenomenon of interest?
Field study
Case study
Ethnography
Participation observation
In-depth interviewing
Document analysis
Unobstrusive measures
Survey
PREDICTIVE:
to predict...outcome of the phenomenon to forecast the events & behaviors resulting from the phenomenon
What will occur as a result of this phenomenon?
Who will be affected (individuals, groups)?
In what ways?
Experiment
Quasi-experiment
Survey (large sample)
Kinesics/proxemics
Content analysis
The following table (2) presents another researcher's perception of the differences between qualitative and quantitative research.
Table 2: Qualitative vs. Quantitative Research (Mays and Pope; cited by Greenhalgh and Taylor, 1997)
Qualitative
Quantitative
Social theory
Action
Structure
Methods
Observation, interview
Experiment, survey
Question
What is X?
How many Xs?
A classification) enumeration)
Reasoning
Inductive
Deductive
Sampling method
Theoretical
Statistical
Dereshiwsky (1999) points out that descriptive research documents a study's primary phenomenon. As this study documents its designated phenomenon, higher gas prices' impact on the automobile industry, albeit, as noted earlier, this researcher also utilizes interviews and a questionnaire to obtain information.
Other research methods commonly used in qualitative research, not applicable to this study, include:
Documents -- Study of documentary accounts of events, such as meetings
Passive observation - Systematic watching of behavior and talk in natural occurring settings
Participant observation - Observation in which the researcher also occupies a role or part in the setting, in… READ MORE
Quoted Instructions for "Impact of the Higher Gas Prices in the Automobile Industry" Assignment:
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Table of content
ABSTRACT
AKNOWLEDGE
TABLE OF CONTENTS
CHAP I: INTRODUCTION
1. CONTEXT OF THE PROBLEM (background of, and introduction to the problem)
2. STATEMENT OF THE PROBLEM
3. MAIN RESEARCH QUESTION AND SUB QUESTION
4. SIGNIFICANT OF THE STUDY (why this study is important and; who will benefit?)
5. RESEARCH DESIGN AND METHODOLOGY (how this will be conducted: qualitative or quantitative an*****s, including content analysis, use of interviews, questionnaires, publications, etc,); what primary and secondary sources to be used: government and industry appropriate and required: name, title and company of each interviews must be identified. A minimum of five interviews should be conducted.)
6. ORGANIZATION OF THE STUDY
7. TENTATIVE REFERENCE LIST
CHAP II: REVIEW OF THE LITERATURE
CHAP III: HISTORICAL PROGRESSION
CHAP IV: POINT X
CHAP V: POINT Y
CHAP VI: STRATEGIC INTERVIEW
CHAP VII: SUMMARY, CONCLUSION AND RECOMMANDATION
*****
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“Impact of the Higher Gas Prices in the Automobile Industry.” A1-TermPaper.com, 2008, https://www.a1-termpaper.com/topics/essay/high-gas-prices/224049. Accessed 3 Jul 2024.
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