Chapter 5 Flashcards
Marketing Research
The systematic design, collection, interpretation, and reporting of information to help marketers solve specific marketing problems or take advantage of marketing opportunities.
Research Design
An overall plan for obtaining the information needed to address a research problem or issue.
Hypothesis
An informed guess or assumption about a certain problem or set of circumstances.
Exploratory Research
Research conducted to gather more information about a problem or to make a tentative hypothesis more specific.
Conclusive Research
Research designed to verify insights through objective procedures and to help marketers in making decisions.
Descriptive Research
Research conducted to clarify the characteristics of certain phenomena to solve a particular problem.
Experimental Research
Research that allows marketers to make causal inferences about relationships.
Reliability
A condition that exists when a research technique produces almost identical results in repeated trials.
Validity
A condition that exists when a research method measures what it is supposed to measure.
Primary Data
Data observed and recorded or collected directly from respondents.
Secondary Data
Data compiled both inside and outside the organization for some purpose other than the current investigation.
Population
All the elements, units, or individuals of interest to research for a specific study.
Sample
A limited number of units chosen to represent the characteristics of a total population.
Sampling
The process of selecting representatives units from a total population.
Probability Sampling
A type of sampling in which every element in the population being studied has a known chance of being selected for study.