MKT REA CHAP. 1 – Flashcards

Unlock all answers in this set

Unlock answers
question
Problem-solving research is undertaken to help identify problems that are not necessarily apparent on the surface and yet exist or are likely to arise in the future.
answer
F
question
Problem-identification research involves going below the surface to identify the true underlying problem that the marketing manager is facing.
answer
T
question
Problem-identification research is typically used to address pricing issues.
answer
F
question
Problem-identification research is the more common of the forms of research and is undertaken by virtually all marketing firms.
answer
T
question
According to the text, problem-solving research is typically used to assess the environment and diagnose problems.
answer
F
question
Research undertaken to help solve specific marketing problems is called problem-solving research.
answer
T
question
Market share is an example of a topic typically addressed by problem-solving research.
answer
F
question
The first step in any marketing research project is to formulate the research design.
answer
F
question
Formulating an analytical framework along with models, research questions, hypotheses, and the information needed are included in developing an approach to the problem.
answer
T
question
Telephone, mail, personal and electronic interviewing are forms of interviewing in the data collection stage of the research process.
answer
T
question
Collecting and analyzing data are steps involved in the data-processing stage.
answer
F
question
Promotion is considered an uncontrollable environmental factor.
answer
F
question
Pricing, promotion, and distribution are all considered controllable marketing variables.
answer
T
question
Competitive intelligence (CI) may be defined as the process of enhancing marketplace competitiveness through a greater understanding of a firm's competitors and the competitive environment.
answer
T
question
Competitive intelligence (CI) may sometimes use ethically questionable procedures as the end justifies the means.
answer
F
question
Marketing research departments located within a firm are called internal suppliers.
answer
T
question
Outside marketing research companies hired to supply marketing research data are called external suppliers.
answer
T
question
According to the text, most of the research suppliers are Fortune 500 operations
answer
F
question
The services of full-service suppliers can be categorized into syndicated, customized, and Internet services
answer
T
question
Companies that collect and sell common pools of data designed to serve information needs that a number of clients share are called syndicated services
answer
T
question
Focus groups represent the main method by which syndicated services collect data
answer
F
question
According to the text, the Nielsen Co. was recognized as the largest global research firm based on global research revenues.
answer
T
question
Synovate, Westat, and Burke, Inc. are examples of marketing research firms that offer customized services
answer
T
question
Companies whose primary service offering is their expertise in collecting data for research projects are called coding and data entry services.
answer
F
question
Data analysis services perform services that include editing competing questionnaires, developing a coding scheme, and transcribing the data onto diskettes or magnetic tapes for input into the computer.
answer
F
question
Selecting an outside supplier is always done with a formal "request for proposal."
answer
F
question
According to the text, the most common entry-level position in the marketing research industry for people with bachelor's degrees is assistant project director.
answer
F
question
A formalized set of procedures for generating, analyzing, storing, and distributing pertinent information to marketing decision makers on an ongoing basis is called a marketing information system.
answer
T
question
An information system that enables decision makers to interact directly with both databases and analysis models is called a decision support system.
answer
T
question
Hardware and a communication network are recognized as important components of a decision support system.
answer
T
question
The ability to improve decision making by using "what if" analysis is a characteristic of a marketing information system.
answer
F
question
Unstructured problems and the use of models are characteristics that describe a decision support system.
answer
T
question
An advanced form of decision support system, called expert systems, uses artificial intelligence procedures to incorporate expert judgment.
answer
T
question
The U.S. accounts for 60 percent of the marketing research expenditures worldwide
answer
F
question
Social media embody social computing tools commonly referred to as Web 1.0.
answer
F
question
Expectations about objectivity among bloggers and other social media users are lower.
answer
T
question
Cymphony is mentioned as a marketing research firm specializing in social media research.
answer
T
question
The book advocates the use of social media to replace the traditional ways in which research is conducted.
answer
F
question
Marketing research involves all of the following regarding information EXCEPT:
answer
manipulation.
question
Which of the following statements is most TRUE about marketing research?
answer
Marketing research is systematic.
question
________ research is undertaken to help identify problems that are not necessarily apparent on the surface and yet exist or are likely to arise in the future.
answer
Problem-identification
question
Which of the following classifications of marketing research involves going below the surface to identify the true underlying problem that the marketing manager is facing?
answer
problem-identification
question
Problem-identification research is typically used to address all of the following topics EXCEPT:
answer
pricing.
question
Which of the following is the more common of the forms of research and is undertaken by virtually all marketing firms?
answer
problem-identification research
question
According to the text, ________ research is typically used to assess the environment and diagnose problems.
answer
problem-identification
question
Research undertaken to help solve specific marketing problems is called ________.
answer
problem-solving research
question
All of the following are examples of topics typically addressed by problem-solving research EXCEPT:
answer
market share.
question
Which of the following is NOT a step in the marketing research process?
answer
problem correction
question
The first step in any marketing research project is to ________.
answer
define the problem
question
If an outside agency was brought in to conduct work for a research project after the first three steps in the marketing research process were completed, which step would the agency conduct?
answer
doing fieldwork or collecting data
question
The marketing chief of Fossil is considering the introduction of a super functional, fashionable wristwatch for men and women priced at $99. For this, he decided on 30 telephonic interviews from their customer database, 50 valid survey responses from individuals whose income is greater than $60,000 and 2 focus-groups. To which of the six steps of the marketing research process do the actions of the marketing chief for Fossil fall into?
answer
formulating the research design
question
Which of the following is NOT a form of interviewing in the data collection stage of the research process?
answer
observational interviewing
question
All of the following are steps involved in the data-preparation stage of collected data EXCEPT:
answer
collecting.
question
Which of the following is NOT considered an uncontrollable environmental factor?
answer
promotion
question
All of the following are considered to be controllable marketing variables EXCEPT:
answer
competition.
question
Researchers enter the realm of the decision maker when they ________.
answer
give justification for a recommended course of action over others
question
Marketing research departments located within a firm are called ________.
answer
internal suppliers
question
A marketing research project is warranted when ________.
answer
the cost of the research is less than its eventual benefits
question
ABC is a company which is involved in selling data that is designed to serve information needs of firms like PepsiCo and Coca-Cola. The data are primarily collected through surveys, purchase and media panels and scanners. What kind of service does ABC provide in the marketing research industry
answer
syndicated services
question
Outside marketing research companies hired to supply marketing research data are called ________.
answer
external suppliers
question
According to the text, most of the research suppliers are ________.
answer
small operations
question
The services of full-service suppliers can be categorized into all of the following types of services EXCEPT:
answer
environmental services
question
Companies that collect and sell common pools of data designed to serve information needs that a number of clients share are called ________.
answer
syndicated services
question
All of the following represent main methods used by syndicated services to collected data EXCEPT:
answer
focus groups.
question
According to the text, which of the following organizations was recognized as the largest global research firm based on global research revenues?
answer
Nielsen
question
Which of the following marketing research firms does NOT offer customized services?
answer
Field Work Chicago, Inc.
question
Companies whose primary service offering is their expertise in collecting data for research projects are called ________.
answer
field services
question
According to the text, the most common entry-level position in the marketing research industry for people with bachelor's degrees is ________.
answer
operational supervisor
question
All of the following are mentioned in the text as steps to take to prepare for a career in marketing research EXCEPT:
answer
obtain any work experience.
question
A formalized set of procedures for generating, analyzing, storing, and distributing pertinent information to marketing decision makers on an ongoing basis is called a(n) ________.
answer
marketing information system
question
In order to compare the national retailers' success in selling its brands of digital cameras with the national retailers' success in selling traditional camera equipment, the marketing manager for Sony decided to use the billing information Sony has for these national retailers. This information is fed into spreadsheets formatted in tabular form and updated continuously as accounts change. In doing so, the marketing manager for Sony utilized which one of the following?
answer
a marketing information system
question
An information system that enables decision makers to interact directly with both databases and analysis models is called a(n) ________.
answer
decision support system
question
All of the following are important components of a decision support system EXCEPT:
answer
data entry procedures.
question
Which of the following is NOT a characteristic of a marketing information system?
answer
can improve decision making by using "what if" analysis
question
All of the following are characteristics that describe a decision support system EXCEPT:
answer
can improve decision making by clarifying new data
question
An advanced form of decision support system, called ________, uses artificial intelligence procedures to incorporate expert judgment.
answer
expert systems
question
Which of the following is NOT mentioned as a limitation of social media for conducting marketing research.
answer
expressive bias
question
Which of the following stakeholders is NOT mentioned as being affected by marketing research activities?
answer
the government
Get an explanation on any task
Get unstuck with the help of our AI assistant in seconds
New