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Chapter 29 Marketing Essentials-PMK (2016 ED and Previous)

Conducting Marketing Research

AB
US Bureau of Censuscollects data every ten years on whole US population
Validityquestions measure what they are intended to measure
reliabilityall respondents interpret the questions in the same way
Return Rate10% is the average for mail surveys
observationfastest most cost effective means of primary research and is WATCHING people
Internal secondary datasales records, customer complaints would be examples of this which is INSIDE the company
mystery shoppera type of observation used to view interactions between salespeople and customers by someone pretending to be a customer
Filter questionstwo-choice questions are most frequently used as these and guide consumers to only answer questions that apply to them
Telephone InterviewHas been limited by federal law due to "no call" registery
Primary datacompany would have to collect this if no secondry data is available already
Trade PublicationPublications that are read by people in that industry
focus group8-12 people who are brought together to evaluate a product , advertising or marketing strategy
experimental methodleast use method of primary research because of expense where there is a control group and one that changes
computer technologyallows quantitative and qualitative survey research to be done via the Internet, telephone, e-mail, and Web surveys
open-endeda question that asks respondents to come up with their own responses
samplea part of the target population that is assumed to represent the whole
datafacts or information
forced-choice questionallows customers to choose answers from only the available answers for only one answer
survey methodthe most frequently used primary research method of collecting data by interviewing, questionnaires etc.
personal interviewMost people are more willing to respond to this, than to Internet, telephone, or mail surveys.
InternetTHIS is a good source of secondary data that is via computer
data mininguses statistical methods to extract information from large amounts of data for analysis.
mutually exclusiveimportant to make multiple choice options THIS, when creating multiple-choice surveys
defining the problemmost difficult step in marketing research
research reportconclusions presented in an organized and detailed manner in this
biasthis is encouraging one outcome over another, swaying someone's answer
point-of-sale researchcombines natural observation with personal interviews and happens at the register
formattingvisual appearance for design appeal of research tool
5 Steps of Reserach ProcessDefine the problem, Gather Data, Analyze data, Recommend Solutions, Apply Results
Define the ProblemProblem is identified and goals set to solve the problem in this step
Obtaining DataResearchers gather data from secondary and primary sources in this step
Analyzing dataResearchers compile, analyze and interpret the data in this step
Recommending SolutionsRsearchers come up with potential solutions in this step
Applying the resultsThe research Results are put into action in this step

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