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Marketing Ch9: Market Research
Concepts and Vocabulary
25
Marketing
Undergraduate 3
11/24/2014

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Term
Marketing Research
Definition

the process of planning, collecting, and analyzing data relevant to a marketing decision

Term
Research Problem
Definition
determining what information is needed and how that information can be obtained efficiently and effectively. 
Term
Management Decision Problem
Definition

a broad-based  problem that uses marketing research in order for managers to take proper actions

Term
Secondary/Primary Data
Definition

data previously collected from any purpose other than the one at hand

Term
Research Design
Definition

specifies which research questions must ne answered, how and when the data will be gathered and how the data will be analyzed 

Term
Survey Research
Definition
- the most popular technique for gathering  primary  data in which a researcher interacts with people to obtain facts, options and attitudes

Term
Mall Intercept Interview
Definition

a survey research method that involves interviewing people in the common areas of shopping malls

Term
Executive Interview
Definition
a type of survey that involves interviewing  business people at their offices concerning industrial products  or services

Term
Focus Group
Definition

 

 

 

- seven to ten people who participate in group discussion led by a moderator

Term
Open-Ended Question
Definition

- an interview question that encourages an answer phrased in respondent’s own words

Term
Close-Ended Question
Definition

and interview question that asks the respondent to make a selection from a limited list of responses

Term
Scaled response Question
Definition

a close-ended question designed to measure the intensity of a respondent’s answers 

Term
Observational Research
Definition
a research method that relies on four types of observation: people watching people, people watching and activity, machines watching people and machines watching an activity 
Term
Mystery Shopper
Definition
researchers posing as customers who gather observational data about a store

Term
Big Data
Definition
- the exponential growth in the volume, variety, and velocity of information and the development of complex, new tools to analyze and create meaning from such data

Term
Ethnographic Research
Definition

the study of human behavior in its natural context; involves observation of behavior and physical setting

Term
Experiment
Definition
a method of gathering primary data in which the researcher alters one or more variables while observing the effects of those alterations on another variable

Term
Sample
Definition
a subset from a larger population 
Term
Universe/Population
Definition
the population from which a samples will be drawn  
Term
Probability Sample
Definition
a sample in which every element in the population has known statistically likelihood of being selected 
Term
Non-Probability Sample
Definition
any sample in which little or no attempt is made to get a representative cross selection of the population  
Term
Sampling Error
Definition
an error that occurs when a sample somehow does not represent the target population 
Term
Measurement Error
Definition

an error that occurs when there is a difference between the information desired by the researcher and the information provided by the measurement process 

Term
Cross-Tabulation
Definition
a method of analyzing data that lets the analyst look at the responses to one question in relation to the responses to one or more other questions

Term
Competitive Intelligence
Definition

(CI) an intelligence system that helps managers assesses their completion and vendors in order to become more efficient and effective competitors

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