Ch. 8 Flashcards
Characteristics of research objectives
- exploratory research: finding out legos are complicated for middle schoolers
- descriptive: interest ing legos in middle school kid vs highschoolers
- casual: putting together legos quickly in order to do tricks and thus child is satisfied
Sampling
Asking a group of distributors, customers, or prospects questions
Statistical inference
Generalize results from sample to much larger distributors, customers, or prospects to help decide on marketing action.
Primary data
-def
Facts and figures that are newly collected for the project
Secondary data
Facts and figures already figured out before project
Advantages and disadvantages of secondary data
Advan- saves time
Low cost or free
Disadvantages-
- data out of date
- Definitions or categories arent right for project
Survey question formats : open ended question
Allows respondents to express opinion, idea, or behaviors without predetermined choices
Survey question formats : Close ended questions
Selecting one or more options from predetermined choices
Survey question formats : dichotomous questions
Yes or no questions
Survey question formats : semantic differential scale
Five point scale in which opposite ends have opposite adjectives
Survey question formats : lickhert scale
Indicates scale on which person agrees
Market research
Defining a market problem and opportunity, systematically collecting and analyzing info, abd recommending actions