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Marketing Management Ch 08
Basic Marketing Chapter 8 Vocab
26
Marketing
Undergraduate 3
02/21/2012

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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
a computer program that makes it easy for a marketing manager to get an use information as he or she is making decisions
Term
search engine
Definition
a computer program that helps a marketing manager find information that is needed.
Term
marketing dashboard
Definition
displays up-to-the-minute marking data in an easy-to-read format
Term
marketing model
Definition
a statement of relationships among marketing variables
Term
scientific method
Definition
a decision-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 happen in the future
Term
marketing research process
Definition
five step application of the scientific method: 1. define the problem 2. analyzing the situation 3. getting problem-specific data 4. interpreting the data 5. solving the problem
Term
secondary data
Definition
information that has ben collected or published already
Term
primary data
Definition
information specifically collected to solve a current problem
Term
situation analysis
Definition
an informal study of what information is already available
Term
research proposal
Definition
a plan that specifies what information will be obtained and how
Term
Qualitative research
Definition
research seeking in-depth, open ended responses, not yes or no answers
Term
focus group interview
Definition
interviewing 6 to 10 people in an informal group setting
Term
Quantitative research
Definition
research seeking structured responses that can be summarized in numbers
Term
response rate
Definition
the percentage of people contacted who complete the questionnaire
Term
consumer panels
Definition
a group of consumers who provide information on a continuing basis
Term
experimental method
Definition
researchers sompare 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 a marketing manager is interested in
Term
Sample
Definition
a part of the relevant population
Term
confidence intervals
Definition
the range on either side of an estiate that is likely to contain the true value for the whole population
Term
Validity
Definition
the extent that data measurements measure as they are intended
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