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Marketing Ch. 7 terms
N/A
25
Business
Undergraduate 4
09/23/2012

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Term
marketing research
Definition
procedures that develop and analyze new information about a market
Term
marketing information system (MIS)
Definition
an organized way of continually gathering, accessing, and analyzing information that marketing managers need to make ongoing decisions
Term
intranet
Definition
a system for linking computers within a company
Term
data warehouse
Definition
a place where databases are stored so that they are available when needed
Term
decision support system (DSS)
Definition
computer program that makes it easy for a marketing to get and use information as he or she is making decisions
Term
marketing dashboard
Definition
displays up-to-the-minute marketing data in a easy-to-read format
Term
marketing model
Definition
statement of relationships among marketing models
Term
scientific method
Definition
a decion-making approach that focuses on being objective and orderly in testing ideas before accepting them
Term
hypotheses
Definition
educated guesses about the relationships between things or about what will happenin the future
Term
marketing research process
Definition
five step application of the scientific method that includes: 1. defining the problem 2. analyzing the situation 3. getting problem-specific data 4. interpreting the data 5. solving the problem
Term
situation analysis
Definition
an informal study of what information is alread available in the problem area
Term
secondary data
Definition
information that has been collected or published already
Term
primary data
Definition
information specificaly collected to solve a current problem
Term
research proposal
Definition
a plan that specifies what information will be obtained and how
Term
qualitative research
Definition
seeks in-depth, open-ended responses, not yes or no answers
Term
focus group interview
Definition
involves interviewing 6 to 10 people in an informal group setting
Term
quantitative research
Definition
seeks structured responses that can be summarized in numbers or other statistics
Term
response rate
Definition
the percentage of people contacted who complete the questionnare
Term
consumer panels
Definition
a group of consumers who provide information on a continuing basis
Term
experimental method
Definition
researchers compare the responses of two or more groups that are similar except on the characteristic being tested
Term
statistical packages
Definition
easy-to-use computer programs that analyze data
Term
population
Definition
the total group marketing managers are interested in
Term
sample
Definition
a part of the relevant population
Term
confidence intervals
Definition
the range oneither side of an estimate that is likely to contain the true value for the whole population
Term
validity
Definition
concerns the extent to which data measure what they are intended to measure
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