Chapter 7 Vocab Flashcards
Measurement
Is the process of assigning intensity to the information about constructs, concepts, and objects.
What is a construct?
An abstract idea or concept formed in a person’s mind.
What are Characteristics?
The variables that collectively define the concept and make it possible to measure it.
Brand Equity
The value a customer places on a named branded vs. the same product with a nonexistent brand.
5 Components of Brand Equity
- Performance
- Social Image
- Value
- Trustworthiness
- Attachment
Scale Measurement
Assigns a set of scale descriptors to represent range of possible responses about the object or construct.
What are the four basic scale levels?
- Nominal
- Ordinal
- Interval
- Ratio
What are the properties of scale measurements?
- Assignment
- Order
- Distance
- Origin
Nominal Scales
Focus on only requiring a respondent to provide some type of descriptor as the raw response.
Ordinal Scales
Allow the respondent to express “relative magnitude” between the raw responses to a question.
Interval Scales
Demonstrate the absolute differences between each scale point.
Ratio Scales
Allow for the identification of absolute differences between each scale point, and absolute comparisons between raw responses.
Scale Reliability
Extent to which a scale can reproduce the same or similar measure result in repeated trials.
4 Steps in designing high-quality scales
- Understand the research problem
- Establish detailed data requirements
- Identifying and developing constructs
- Selecting the appropriate measurement of scale
Central Tendencies
Mode, Mean, Median