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Unit 4
Using Marketing Research
18
Marketing
10th Grade
01/15/2013

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Term
Closed-Ended
Definition
Offer two or more choices from which respondents can select answers.
Term
Random Sampling
Definition
A procedure in which everyone in the population has an equal chance of being selected in a sample.
Term
Simulations
Definition
Experiments where researchers create the situation to be studied.
Term
Output
Definition
The results of analysis that are given to decision makers.
Term
Open-Ended
Definition
Allow respodents to develop their own answers without information about possible choices.
Term
Focus Groups
Definition
A small number of people brought together to discuss identified elements of and issueor problem.
Term
Survey
Definition
A planned set of questions to which individuals or groups of people respond.
Term
Population
Definition
All the people in the group that a company is interested in studying.
Term
Secondary data
Definition
Information already collected for another purpose that can be used to solve the current problem.
Term
Marketing Information System
Definition
An organized method of collecting, storing, analyzing, and retrie ing information to improve the evfectiveness and efficiency of marketing decisions.
Term
Experiments
Definition
Tightly controlled situations in which all important fators are the same except the one that is being studied.
Term
Test Market
Definition
Specific cities or geographic areas in which marketing experiments are conducted.
Term
Primary data
Definition
Information collected for the first time to sold=ve the problem being studied.
Term
Marketing Research
Definition
A procedure to identify solutions to a specific marketing problem through the use of scientific problem-solving.
Term
Observation
Definition
Collecting information by recording actions without interactingor communicating with the participant.
Term
Input
Definition
the information that goes into a marketing information system that is needed for decision-making.
Term
Storage
Definition
The resources used to maintain information, including equiptment and procedures, so that it can be used when needed.
Term
Intermal Information
Definition
Information developed from activities that occur within the organization.
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