mkt 9 – Flashcard

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_____ and ____ info are the lifeblood of marketing decision making
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accurate timely
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the most common system for gathering marketing information is called a
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marketing decision support system
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everyday info about developments in the marketing environment that managers use to prepare and adjust marketing plans
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marketing information
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the interactive, flexible, computerized system managers use to obtain and manipulate information
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decision support system
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DSS stands for
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decision support system
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4 characteristics of a true DSS are:
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interactive, flexible, discovery oriented, accessible
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______ is the fastest growing use of DSS
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data base marketing
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the creation of computerized file of customer's profiles/purchase patterns
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data base marketing
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data base marketing is usually the key tool for successful _________ marketing, which relies on very specific information about a market
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one to one
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the process of planning, collecting, and analyzing data relevant to a marketing decision
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marketing research
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- improve quality of decision making - understand why - trace problems - understand changes in market place ..are all important aspects of
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marketing research
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marketing research links the customer, the consumer, and public to marketer through ____
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information
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marketing research provides decision makers with data on the effectiveness of current _____ and insights for _____
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marketing mix change
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what is the main data source for management info systems and DSS
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market research
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findings from market research become
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data in DSS
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marketing research has 3 roles:
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descriptive diagnostic predictive
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the gathering and presenting of factual statements explains what role of marketing research (descriptive, diagnostic, predictive)
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descriptive
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what is the historic sales trend in the industry? what are consumers attitudes toward a product and its ads? - these explain descriptive, diagnostic, or predictive market research
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descriptive
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explaining data is what role of marketing research (descriptive, diagnostic, predictive)
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diagnostic
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determining the impact on sales of a change in the design of the package - this explains descriptive, diagnostic, or predictive market research
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diagnostic
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to address the "what if" questions is what role of marketing research (descriptive, diagnostic, predictive)
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predictive
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how can the researcher use the other 2 roles to predict the results of a planned marketing decision - this explains descriptive, diagnostic, or predictive market research
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predictive
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t/f: marketing research offers decision makers with many benefits
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true
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a scientific approach to decision making that maximizes the chance of getting accurate and meaningful results
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market research approach
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how many steps are there in the research process
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7
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the marketing research process begins with recognition of a ____/_____
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marketing problem/opportunity
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what stage of research process: identify and formulate problem/opportunity
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1
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what stage of research process:plan research design and gather secondary data
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2
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what stage of research process:specify the sampling procedures
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3
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what stage of research process: collect primary data
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4
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what stage of research process: analyze the data
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5
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what stage of research process: prepare and present the report
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6
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what stage of research process: follow up
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7
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a management decision problem is translated into a
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marketing research problem
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a problem where determining what info is needed and how it can be obtained efficiently/effectively
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marketing research problem
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t/f: marketing research problem must be broad
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false
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a broad based problem that requires research to take proper actions
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management decision problems
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management decision problems are ____ _____
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action oriented
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this provides insightful decision making information and requires specific pieces of info to solve the marketing research problem
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marketing research objective
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specifies which research question will be answered, how and when the data will be gathered, and how the data will be analyzed
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research design
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research questions are answered by what two types of data
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secondary and primary
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data previously collected for any purpose other than the one at hand
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secondary data
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secondary data is a valuable tool during what stage
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problem/opportunity identification stage
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internal corp info government agencies trade and industry assoc business periodicals news media internet sources - are primary/secondary data
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secondary data
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these are advantages of primary/secondary data? - save time/money - aid in determining direction - serve as a basis of comparison
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secondary
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these are cons of primary/secondary data? - mismatch between unique problem and purpose info was gathered for - quantity of info (not detailed)
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secondary
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internet helps/hurts secondary research?
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helps
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a company that acquires, catalogs, reformats, segments, and resells reports already published by marketing firms are a
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marketing research aggregator
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marketing research aggregator is a _____ million $ industry and growin __% a year
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120 6
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the role of aggregator firms is growing because databases of research reports are getting: - bigger/less complex - smaller/less complex - bigger/more complex - smaller/more complex
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getting bigger/more complex
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what makes it easier to find/search databases
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web technology
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mindbranch.com or usadata.com are examples of
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market research aggregators
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aggregators slice and repackage reports for more specialized sections to clients who cannot afford to commission their own study which is in turn
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nurturing a new target market
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data that is collected for first time
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primary data
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this type of data is unique to particular problem at hand and often only way to solve it
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primary data
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describe primary/secondary data - current and relevant - know the source - specify the methodology
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primary
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describe con's of primary/secondary data - time consuming - expensive - bias due to reluctance
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primary
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disadvantages of primary data are (usually offset/never offset) by advantages
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usually offset
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a study used to save money by gathering data on 2 difference projects by using only 1 questionnaire
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piggyback study
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there are how many ways to gather primary data
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6
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what are the 6 types of ways to gather primary data
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survey questionnaire observation ethnographic virtual shopping experiments
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what method of collecting primary data -researcher interacts with people to obtain facts, opinions, and attitudes (survey, questionnaire, observation, ethnographic, virtual shopping, experiments )
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survey
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what is the most popular technique for gathering primary data
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survey
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there are how many forms of survey research
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7
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- in home interviews - focus groups - mall intercept interviews - telephone interviews - executive interviews - mail surveys - internet surveys are all examples of what type of research
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survey research
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this type of survey research provides high quality info but is expensive is rapidly disappearing (in home interview, focus groups, mall intercept, telephone, executive interviews, mail surveys)
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in home interview
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this type of survey research uses willing participants found in an open area but is hard to get representative sample of population wanted (in home interview, focus groups, mall intercept, telephone, executive interviews, mail surveys)
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mall intercept interviews
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mall intercept interviews allow marketers to _____, a technique used to clarify response
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probe
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computer assisted personal interview, computer assisted self interview, and fully automated self interview are 3 types of (in home interview, focus groups, mall intercept, telephone, executive interviews, mail surveys)
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mall intercept interviews
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in this type of mall intercept interview, the researcher reads questions from computer and keys in respondents answers (computer assisted personal interview, computer assisted self interview, and fully automated self interview)
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computer assisted personal interview
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in this type of mall intercept interview, the researcher directs person to computer who reads questions and keys in own responses (computer assisted personal interview, computer assisted self interview, and fully automated self interview)
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computer assisted self interview
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in this type of mall intercept interview, the respondents independently go to the computer and key in responses (computer assisted personal interview, computer assisted self interview, and fully automated self interview)
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fully automated self interview
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this type of survey research is conducted form a central/designated location, cost less than personal interviews but there is a high refusal rate (in home interview, focus groups, mall intercept, telephone, executive interviews, mail surveys)
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telephone
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CLT stands for
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central location tele facility
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t/f: federal "do not call" law does not apply to survey research
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true
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this type of survey research uses mail panels, sample of households recruited for given period, to participate(in home interview, focus groups, mall intercept, telephone, executive interviews, mail surveys)
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mail surveys
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this type of survey research is low cost and actual anonymity but there is a very low response rate (in home interview, focus groups, mall intercept, telephone, executive interviews, mail surveys)
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mail surveys
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a sample used several times in a mail survey will increase/decrease response rate
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increase
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this type of survey research that involves interviewing business people at their offices about industrial products/services (in home interview, focus groups, mall intercept, telephone, executive interviews, mail surveys)
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executive interviews
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this type of survey research is a type of personal interview with 7-10 people (in home interview, focus groups, mall intercept, telephone, executive interviews, mail surveys)
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focus groups
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focus groups represent an effective way of learning how products are actually used in the home, highlighting the ______ _____
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need gaps
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all forms of survey research require this
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questionnaire design
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what are the 3 types of questions used in a questionnaire
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open ended close ended scaled response
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question that encourages answer phrased in respondents own words (open, closed, scaled)
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open
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frame of reference (what do you think about...?) describes - (open, closed, scaled)
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open
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questions where respondents make a selection from a limited list of responses (open, closed, scaled)
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closed
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questions are dichotomous meaning what
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closed, yes/no or multiple choice
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questions that are close ended and designed to measure intensity (agree----disagree) (open, closed, scaled)
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scaled
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what two types of questions are easier to tabulate than the 3rd
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close ended and scaled response
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on a scale of 1 to 10, rate the tastiness of wendys food. (rating/ranking, likert scale, semantic differential, projective technique)
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rating/ranking
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wendy's food was excellent SA A Uncertain D SD (rating/ranking, likert scale, semantic differential, projective technique)
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likert scale
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the food at wendys was: excellent........awful old...................fresh (rating/ranking, likert scale, semantic differential, projective technique)
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semantic differential
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if a wendys hamburger could talk to a mcdonalds or a burger king hamburger, what would it say (rating/ranking, likert scale, semantic differential, projective technique)
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projective technique
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4 types of questions to avoid in questionnaires
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leading loaded double barreled jargon
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what method of collecting primary data uses the systematic process of recording the behavioral patterns of people, objects, and occurrences (survey, questionnaire, observation, ethnographic, virtual shopping, experiments )
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observation research
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what are the 4 types of observation situations: ___ watching ____ ___ watching an ____
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people watching people people watching an activity machine watching people machine watching an activity
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researchers who pose as customers to gather observational data and collect data about customer/employee interactions are called
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mystery shoppers
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combining consumer online activity with psychographics and demographics is known as
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behavioral targeting (BT)
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behavioral targeting is very popular or losing popularity
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very popular
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the fastest growing area of behavioral targeting is
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social marketing
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critics of behavioral targeting say it is
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infringing on privacy
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advocates of behavioral targeting say it is
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user declared info
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direct observation of human behavior in its natural context (survey, questionnaire, observation, ethnographic, virtual shopping, experiments )
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ethnographic research
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anthropology is the study of
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human behavior
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"what makes people do what they do" is a part of (survey, questionnaire, observation, ethnographic, virtual shopping, experiments )
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ethnographic
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companys hope to get a look into peoples home through the use of what to allow media to tailor better to consumers needs
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iphone
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this way of collecting primary data enables researchers to stimulate retail store environments on the computer (survey, questionnaire, observation, ethnographic, virtual shopping, experiments )
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virtual shopping
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production costs are low and simulation has high degree of flexibility all while data collection is fast/error free describe (survey, questionnaire, observation, ethnographic, virtual shopping, experiments )
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virtual shopping
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virtual shopping is growing/declining rapidly
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growing rapidly
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pepsico and nestle are two companies who are growing rapidly through the use of (survey, questionnaire, observation, ethnographic, virtual shopping, experiments )
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virtual shopping
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in this way of collecting primary data, the researcher alters one or more variables while observing effects on another variable (survey, questionnaire, observation, ethnographic, virtual shopping, experiments )
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experiments
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when conducting experiments, usually change _______ to look at the effects on _____
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one of the 4 ps sales (or awareness)
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there are two types of experiments
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field or lab
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after it has been decided how to collect primary data, the next step must be to select the ____ ____
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sampling procedure
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in the sampling procedure, the population of interest that must be defined is called the
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universe
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a subset of the population (or universe) in the sampling procedure is called a
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sample
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in the sampling procedure, does the sample need to be representative of the a population? - if yes, it is a ___ sample - if no, it is a _____ sample
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yes = probability sample no = nonprobability sample
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what will be used for the sampling frame? what type of sample will be used? are types of
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sampling questions
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a sample in which every element in the population has a known statistical chance of being selected
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probability samples
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t/f: probably samples can be shown to be representative of the universe
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true
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in probably samples, what can be used to ensure the sample represents the population
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scientific rules
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random sample is a probability/nonprobability sample
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probability
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stratified random sample is a probability/nonprobability sample
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probability
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systematic random sample is a probability/nonprobability sample
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probability
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the sampling frame in sampling questions is probability/nonprobability or random sample/convenience sample/etc
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probability/nonprobability
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cluster random sample is a probability/nonprobability sample
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probability
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a sample in which probability of selection is unknown is known as
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nonprobability sample
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convenience sample is a probability/nonprobability sample
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nonprobability
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judgement sample is a probability/nonprobability sample
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nonprobability
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quota sample is a probability/nonprobability sample
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nonprobability
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snowball sample is a probability/nonprobability sample
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nonprobability
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the probability sample where every member has equal chance of being selected
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random sample
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the probability sample where population is first divided into exclusive groups, then each group is randomly sampled
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stratified random
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the probability sample where selection is based upon random starting point (every nth person selected)
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systematic random
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the nonprobability sample where respondents are based upon ease
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convenience sample
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probability can/cannot generalize rules
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can
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because of the ______, nonprobability samples are the basis of much marketing reserach
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low cost
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what internet sample uses a survey in which anyone with a computer and modem can fill out the questionnaire (unrestricted internet sample, screened internet sample, recruited internet sample)
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unrestricted internet sample
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an internet sample with quotas based on desired sample characteristics (unrestricted internet sample, screened internet sample, recruited internet sample)
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screened internet sample
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an internet sample in which respondents are pre recruited and must qualify to participate (unrestricted internet sample, screened internet sample, recruited internet sample)
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recruited internet sample
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whenever a sample is used, 2 types of errors can occur
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- measurement errors - sampling errors
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this error occurs when there is a difference between the information desired by researcher and info provided by the measurement process
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measurement error
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measurement error is smaller than/equal to/larger than a sampling error
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larger than
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this error occurs when a sample somehow doesn't represent the target population
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sampling error
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there are 3 types of sampling errors:
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nonresponse error frame error random error
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the error that occurs when the sample actually interviewed differs from drawn sample (nonresponse, frame, random)
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nonresponse
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the error that arises if the sample drawn from population differs from target population (nonresponse, frame, random)
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frame
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the error that occurs when a sample is an imperfect representation of overall population (nonresponse, frame, random)
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random
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a firm that specializes in interviewing respondents on a subcontracted basis a provides focus group facilitators, mall intercept locations, test product storage, kitchen facilities
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field service firm
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there are two statistical methods used to analyze data appropriately
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frequency counts cross tabulations
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the simplest method of analyzing is frequency counts or cross tabulation
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frequency counts
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the method of analyzing use tables to record responses to questions and is always done in data analysis. answers to question "what brand do you buy most"
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one way frequency counts
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this method of analyzing lets analysts look at responses to one question in relation to responses to 1 or more other questions
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cross tabulations
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looking at the association between gender and brand of product bought uses what method of analysis
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cross tabulations
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hypothesis testing, measures of association, and regression analysis are other sophisticated methods of what
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data analysis
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the key step in preparing and presenting data findings reports is that you must convince that results are _____ and justified by ______
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credible data collection
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there are how many parts to a report
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4
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what are the four parts of a report
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- research objective - explanation of research design - summary of findings - conclusion
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the basis of measuring the quality of market research reports =
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research proposal
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were recommendations implemented? did they work? are questions asked during what phase of research process
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follow up
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what fraction of world population is online
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1/5
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what % of US population is online
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71%
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nonadapters of internet are typically ____, with ____
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old, low income
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what % of american marketing research companies conduct some form of online marketing
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90%
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what form of marketing is most popular for data collection and has greatest potential for further growth
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online marketing
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software systems designed for web questionnaires construction and delivery...files response in database
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web survey systems
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what is used to design survey online without design software
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survey design/web hosting sites
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online panel providers are used for a
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ready sample population
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online focus groups are relatively recent/old for qual/quan research
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recent, qual.
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- better participation rate - cost effectiveness - broad geographic scope - accessibility - honesty are all benefits of what type of internet resources
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online focus groups
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a selected group of people who agree to participate in ongoing dialogue and answering questions with a corporation via website is a
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web community
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web communities help companies create a ____-____ organization by putting employees into direct contact with consumers
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customer-focused
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text message based research can reach most demographics _____, with _____ feedback results
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quickly, high
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media that consumers generate themselves and share among themselves (cgm)
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consumer generated media
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blogs, message boards, review sites, podcasts are examples of
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consumer generated media
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consumer generated media is trusted more/less than traditional forms of ads/promo
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more
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consumer generated media is ______ but not _____ by marketers
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influenced controlled
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what tells how much "buzz"exists among other things
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brand pulse
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a system for gathering info from a single group of respondents by continuously monitoring the ads, promo, and pricing they are exposed to is known as
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scanner based research
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the 4 variables measure through scanner based research are
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ad campaign coupons displays product price
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a huge data base of marketing efforts/consumer behavior is the result of
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scanner based research
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scanner based research is often linked to other research or promotions seen like (2)
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behavior scan info scan
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information resources, inc. (IRI) and AC Nielson Company are 2 major suppliers for
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scanner based research
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who is the founder of research for scanner based research
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IRI
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the concept of legally finding out what your competitor is doing is known as
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competitive intelligence
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