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SEM I - Unit 2 Vocabulary Review

AB
Round Robineveryone plays each other at least one time
Double Eliminationteams must lose twice, after one loss they move into losers bracket
Single Eliminationwhen you lose you no longer play in the tournament
Production Schedulethe management and allocation of resources, events and processes to create goods and services
Project Plana specific plan for accomplishing a project’s objectives
Project Managerperson who plans and completes
StakeholderBenefit from successful project completion
ParticipantsRole in the project as authority figures, team members, experts/consultants, or support services personnel
Marketing Informationdata collected from internal or external sources or from marketing research
Factssomething that actually exists; reality; truth
Estimatesan approximate judgment or careful calculation about the impact of a product
Predictionsa forecast of something to happen
Relationshipswhat happens to products, estimates or predictions based on changes
Primary Sourcessources are original materials
Secondary Sourcesinformation generated after reviewing primary data; conclusions you make from primary data
Internalwithin organization info
Externaloutside organization info
Qualitative Datadeals with descriptions; data can be observed but not measured
Quantitative Datadeals with numbers; data which can be measured
Survey methoda research technique in which information is gathered from people through the use of surveys or questionnaires
Observation methoda research technique in which the actions of people are watched and recorded either by cameras or observers
Experimental methoda research technique in which a researcher observes the results of changing one or more marketing variables while keeping certain other variables constant under controlled conditions


High Point Central High School
High Point, NC

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