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23 Cards in this Set

  • Front
  • Back

Marketing research to test hypothesis about cause and effecr

Casual Research

Better describe marketing problems, situations such as the market potential for a product

Descriptive Research

Gathering of primary data by selecting matched groups of subjects, giving them different treatments

Experimental Research

Gather preliminary information that will help better define problems and suggest hypothesis

Exploratory Research

Personal interviewing that consists of inviting 6-10 people to gather for a few hours with a trained interviewer to talk about products or services

Focus Group Interviewing

Everyday information about developments in the market that helps managers prepare marketing plan

Marketing Intelligence

The function that links the customer, consumer and public to the marketer through information used to identify and define marketing opportunities

Marketing Research

gathering of primary data by observing relevant people, actions and situations

Observational Research

Information collected for the specific purpose at hand

Primary data

A segment of the population selected for marketing research to present the population as a whole

Sample

Information that already exists, somewhere, having been collected for another purpose

Secondary data

Gathering of data by asking people questions about knowledge, attitudes, preferences, and buying behavior

Survey research

Marketing research

Is the systematic, objectives and exhaustive gathering, recording and analyzing of data relevant to a specific marketing situation or problem in order to facilitate decision making

Three important elements in the definition of marketing research

It emphasizes the systematic gathering, recording and analysis of data.


Data should be objectively gathered, recorded and analyzed.


It is an exhaustive gathering, recording and analysis of data.

Uses of marketing research

1. To assist management in making decisions


2. To conceive and develop new products


3. To uncover new uses of products already in the market


4. To improve the operations for existing products

Categories of the application of Marketing research

1. Sales and market research


2. Business and economic and corporate research


3. Product Research


4. Advertising research


5. Corporate Responsibility Research


6. Non-business research

Identify target markets, determine behavioral patterns and attitudes of buyers.

Sales and market research

All researches that have something to so with product planning and development, branding, and packaging.

Product Research

All studies dealing with proper selection of advertising teams, copy writing, media selection and analysis

Advertising Research

Study of business cycle and forecasting wherein both short and long range plan are determined

Business and economic and corporate research

Studies on subjects who are outside the commercial dimensions of marketing of goods and services.

Corporate Responsibility Research

Covers different types of problems encountered by government; political, social, and civic

Non-business Research

Market Research Process

- identifying the research problem


- set the research objectives


- develop the research plan



- Conduct the information analysis


- interpret and report the findings


- implement the research plan