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20 Cards in this Set
- Front
- Back
the systematic design, collection, interpretation, and reporting of information to help marketers solve specific marketing problems or take advantage of marketing opportunities
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marketing research
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What are the most common reasons for conducting marketing research surveys?
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determining satisfaction, product development, branding, segmentation, awareness, trend tracking, concept testing and business markets
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What are the five steps of the marketing research process.
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locating and defining problems or issues, designing the research project, collecting data, interpreting research findings, reporting research findings.
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an overall plan for obtaining the information needed to address a research problem or issue.
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research design
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what does the step designing the research project require?
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formulating a hypothesis, determining what type of research is most appropriate for testing the hypothesis.
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an informed guess or assumption about a certain problem or set of circumstances
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hypothesis
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based on all the insight and knowledge available about the problem or circumstances from previous research studies and other resources.
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hypothesis
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research conducted to gather more information about a problem or to make a tentative hypothesis more specific.
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exploratory research
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to better understand a problem or situation and/or to help identify additional data needs or decision alternatives.
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purpose of exploratory research
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research designed to verify insights through objective procedures and to help marketers in making decisions
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conclusive research
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When is conclusive research used?
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When the marketer has one or more alternatives in mind and needs assistance in the final stages of decision making.
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Exploratory research is -------- While conclusive research is ----------
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vague, clear
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What are two types of conclusive research?
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descriptive research and experimental research.
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Research conducted to clarify the characteristics of certain phenomena to solve a particular problem.
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descriptive research.
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range from general surveys of customers' education, occupation, or age to specifics on how often teenagers consume sports drinks of how often customers buy new pairs of athletic shoes.
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descriptive research studies.
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what makes experimental research unique?
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manipulation and control of variables
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research that allows marketers to make casual inferences about relationships.
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experimental research
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In designing research, marketing researchers must ensure that research techniques are both -------- and -------.
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reliable and valid
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a condition existing when a research technique produces almost identical results in repeated trials
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reliability
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A condition existing when a research method measures what is is supposed to measure not something else
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validity
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