What is Marketing Research (2 definitions)
Marketing research can serve to strike the right balance between ________ and ________ value for a market segment.
utilitarian; hedonic
Researchers in Marketing Research should be personally _______ and free of _______ attempting to find the truth.
detached; bias
conducted to address a specific marketing decision for a specific firm or organization
Applied marketing research
(done for a specific organization or to answer a specific question)
conducted without a specific decision in mind and usually does not address the needs of a specific organization.
Basic/general marketing research
(not done for a specific company to answer a specific question. Is just educational research.)
All marketing research uses the ________ ________.
scientific method
(all research should go by the scientific method)
Race, age, and gender are _________.
demographic
What three things are included in geodemography?
What are the 2 purposes of exploratory research?
(remember root word = explore)
What are the 3 types of marketing research?
What are the 6 stages of the research process (def know this)?
Elements involved in the drawing conclusions stage:
- Are determined from _____ _____
- Speak directly to the ______ ______
- What _______ and other _____ of the research are interested in
- Presented in a ______ report and in ______ or ______ presentations
a written statement of the research design emphasizing what the research will accomplish.
research proposal
T or F: A research proposal helps get management and the research team on the same page before a major research project begins.
True
What are the key elements of the research design (written in the research proposal)?
1. ______ and ______ for collecting and analyzing
2. Determine the _______ of information (where you’re getting this info from)
3. The _______ _______ (survey, experiment, etc.)
4. The ________ method
5. _______ and _____ (ex: how long will this research take? How long will it take to collect it, analyze it? How much will this cost?)
an independent research firm contracted by the company that actually will benefit from the research.
Outside agency
research performed by employees of the company that will benefit from the research.
In-house research
Numerous research studies that come together to address multiple, related research questions.
research program
A single study addressing one or a small number of research objectives.
research project
A small-scale study in which the results are only preliminary and intended only to assist in the design of a subsequent study; A small-scale research project that collects data from respondents similar to those to be used in the full study.
pre-test (ex: a sample)
(sometimes referred to as a pilot study)
T or F: You always do a pre-test with research.
True
(we aren’t doing this in class because of time)
If you’re testing a hypothesis, how many possible outcomes can you have?
2
(can either be confirmed or not confirmed). Know this.
Why are pre-tests (or pilot studies) done?
To refine measures and reduce the risk that the full study design contains a fatal flaw that will render its results useless
(often are useful in fine-tuning research objectives.)
A pilot study sometimes includes a ______ ______.
focus group