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