Marketing-Information Management – Standard 3

Primary Research
Data obtained for the first time and used specifically for the particular problem or issue under study.
Secondary Research
Data already collected for some purpose other than the current study.
Marketing Plan
A formal, written document that directs a company’s activities for a specific period of time.
Marketing-Information Management Function
Gathering, storing, and analyzing information, customers, trends, and competing products.
Internet, telephone, face-to-face, focus groups, and panels are examples.
Secret shoppers, store cameras, and watching customers’ reaction to products are examples.
Taste tests, test marketing, or product sampling are examples. Hypothesis based.
Government Reports
U.S. Census, Department of Commerce data, and employment reports are examples.
The process of developing, promoting, and distributing ideas, goods, or services to create exchanges that satisfy customer needs and wants.
Marketing Planning Function
Understanding concepts and strategies used to develop and target specific marketing strategies to a select audience.
Tagged In :

Get help with your homework

Haven't found the Essay You Want? Get your custom essay sample For Only $13.90/page

Sarah from studyhippoHi there, would you like to get such a paper? How about receiving a customized one?

Check it out