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23 Cards in this Set
- Front
- Back
Marketing research to test hypothesis about cause and effecr |
Casual Research |
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Better describe marketing problems, situations such as the market potential for a product |
Descriptive Research |
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Gathering of primary data by selecting matched groups of subjects, giving them different treatments |
Experimental Research |
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Gather preliminary information that will help better define problems and suggest hypothesis |
Exploratory Research |
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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 |
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Everyday information about developments in the market that helps managers prepare marketing plan |
Marketing Intelligence |
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The function that links the customer, consumer and public to the marketer through information used to identify and define marketing opportunities |
Marketing Research |
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gathering of primary data by observing relevant people, actions and situations |
Observational Research |
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Information collected for the specific purpose at hand |
Primary data |
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A segment of the population selected for marketing research to present the population as a whole |
Sample |
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Information that already exists, somewhere, having been collected for another purpose |
Secondary data |
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Gathering of data by asking people questions about knowledge, attitudes, preferences, and buying behavior |
Survey research |
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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 |
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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. |
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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 |
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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 |
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Identify target markets, determine behavioral patterns and attitudes of buyers. |
Sales and market research |
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All researches that have something to so with product planning and development, branding, and packaging. |
Product Research |
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All studies dealing with proper selection of advertising teams, copy writing, media selection and analysis |
Advertising Research |
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Study of business cycle and forecasting wherein both short and long range plan are determined |
Business and economic and corporate research |
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Studies on subjects who are outside the commercial dimensions of marketing of goods and services. |
Corporate Responsibility Research |
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Covers different types of problems encountered by government; political, social, and civic |
Non-business Research |
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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 |