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Intro to Marketing
Marketing Research and Information Systems
22
Marketing
Undergraduate 3
06/15/2010

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Cards

Term
marketing research
Definition
systematic design, collection, interpretation, and reporting of information to help marketers solve specific marketing problems or take advantage of marketing opportunities
Term
research design
Definition
overall plan for obtaining the information needed to address a research problem or issue
Term
exploratory research
Definition
research conducted to gather more info about a problem or to make a tentative hypothesis more specific
Term
conclusive research
Definition
designed to verify insights through objective procedures and to help marketers in making decisions
Term
descriptive research
Definition
conducted to clarify the characteristics of certain phenomena and thus solve a particular problem
Term
experimental research
Definition
causal inferences
Term
reliability
Definition
produce almost identical results each test
Term
validity
Definition
measures what it is supposed to measure
Term
primary/secondary data
Definition
primary - observed, recorded, collected directly

secondary - compiled both inside and outside of org. for some purpose other than current investigation
Term
population
Definition
all the elements, individuals, or units of interest for a specific study
Term
sample
Definition
limited number of units chosen to represent the population
Term
sampling
Definition
process of selecting a sample
Term
probability sampling
Definition
every element in the pop. has a known chance of selected for study
Term
random sampling
Definition
each element have an equal chance of being selected for study
Term
stratified sampling
Definition
population divided into groups according to a common attribute, and a random sample is then chosen within each group
Term
nonprobability sampling
Definition
there is no way to calculate the likelihood that a specific element of the pop. being studied will be chosen
Term
quota sampling
Definition
a nonprobability sampling technique

divide the population into groups and then arbitrarily choose participants from each group
Term
focus-group interview
Definition
observation of group interaction when members are exposed to an idea/concept
Term
customer advisory boards
Definition
small groups of actual customers offer insights into their feelings/attitudes toward a firm's products, etc
Term
statistical interpretation
Definition
analysis of what is typical or what deviates from the avg
Term
single-source data
Definition
info provided by a single marketing research firm
Term
marketing decision support system
Definition
customized software that aids marketing managers decision making
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