4.4 Market research Flashcards
Convenience sampling
Uses subjects that are easy or convenient to reach.
Focus groups
Involve forming small discussion group to gain insight into the attitudes and behavior of respondents.
Interviews
Primary research method that involve discussion between an interviewer and interviewees to investigate their personal circumstances and opinions.
Market analysis
Reveals the characteristics and the outlook for a particular product or industry.
Market research
It refers to marketing activities designed to discover the opinions, beliefs and preferences of potential and existing customers in order to identify and anticipate their wants and needs.
Non-sampling errors
Are caused by human error. Mistakes in recording, processing or analysis data, or because respondents do not give truthful and honest answers.
Observations
Are a method of primary research that involves watching how people behave or respond in different situations.
Cluster sampling
It is used when getting feedback from respondents, involves too much time, traveling or money. //Clusters are selected and people are randomly chosen from the strata.