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Information Management

Obj. 7.01 & 7.02

AB
internal databasesElectronic collections of information obtained from data sources within the company
MISPeople, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision makers
marketing intelligenceThe systematic collection and analysis of publicly available information about competitors and developments in the marketing environment
marketing researchThe systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organization
exploratory researchGathering preliminary information that will help define problems and suggest hypotheses
descriptive researchDescribing marketing problems, situations, or markets, such as the market potential for a product or the demographics and attitudes of consumers
casual researchTesting hypotheses about cause-and-effect relationships
secondary dataInformation that already exists
primary dataInformation collected for the specific purpose at hand
observational researchGathering data by watching people, actions, and situations
ethnographicsResearch that reveals the unspoken cultural and social patterns that shape consumer preferences
survey researchGathering data by asking people questions
experinmental researchGathering data by selecting groups, giving them different treatments, and checking for differences in responses
sampleA piece of the population selected for marketing research to represent the population as a whole
online marketing researchCollecting data through Internet surveys and online focus groups


Princeton High School

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