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Process of collecting and using information for marketing decision making |
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Organization that provides standardized data on a periodic basis to its subscribers |
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full-service research supplier |
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Marketing research organization that offers all aspects of the marketing research process |
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limited-service research supplier |
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Marketing research firm that specializes in a limited number of research activities, such as conducting field interviews or performing data processing |
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Process of discussing a marketing problem with informed sources both within and outside the firm and examining information from secondary sources |
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In-depth evaluation of a firm's sales |
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Tentative explanation for a specific event |
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Master plan for conducting market research |
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Previously published information |
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Information collected for a specific investigation |
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Process of selecting survey repondents or research participants |
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Total group that researchers want to study |
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Sample that gives every member of the population a chance of being selected |
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Basic type of probability sample in which every individual in the relevant universe has an equal opportunity of being selected |
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Probability sample constructed to represent randomly selected subsamples of different groups within the total sample; each subgroup is relatively homogeneous for a certain characteristic |
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Probability sample in which researches select a sample of subgroups (or clusters) from which they draw respondents; each cluster reflects the diversity of the whole population sampled |
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Sample that involves personal judgement somewhere in the selection process |
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Nonprobability sample selected from among readily available respondents |
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Nonprobability sample divided to maintain the proportion of certain characteristics among different segments or groups seen in the population as a whole |
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Observational research method developed by social anthropologists in which customers are observed in their natural setting and their behavior is interpreted based on an understanding of social and cultural characteristics; also known as ethnography, or "going native" |
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A small group of individuals brought together to discuss a specific topic |
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Scientific investigation in which a researcher manipulates a test group (or groups) and compares the results with those of a control group that did not receive the experimental controls or manipulations |
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Marketing research technique that involves introducing a new product in a specific area and then measuring its degree of success |
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marketing information system (MIS) |
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Planned, computer-based system designed to provide managers with a continuous flow of information relevant to their specific decisions and areas of responsibility |
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marketing decision support system (MDSS) |
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Marketing information system component that links a decision maker with relevant databases and analysis tools |
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Processs of searching through customer databases to detect patterns that guide marketing decision making |
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Estimate of a firm's revenue for a specified future period |
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UseĀ of subjective techniques to forecast sales, such as the jury of executive opinion, Delphi technique, sales force composite, and surveys of buyer intentions |
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Use of statistical forecasting techniques such as trend analysis and exponential smoothing |
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jury of executive opinion |
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Qualitative sales forecasting method that assesses the sales expectations of various executives |
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Qualitative sales forcasting method that gathers and redistributes several rounds of anonymous forcasts until the participants reach a consensus |
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Qualitative sales forecasting method based on the combined sales estimates of the firm's salespeople |
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survey of buyer intentions |
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Qualitative sales forecasting method that samples opinions among groups of present and potential customers concerning their purchasing plans |
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Quantitative sales forecasting method that estimates future sales through statistical analyses of historical sales patterns |
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Quantitative forecasting technique that assigns weights to historical sales data, giving the greatest weight to the most recent data |
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