Marketing Research Flashcards
Marketing Research
The process of planning, collecting, and analyzing data relevant to a marketing decision
Marketing Research Problem
Determining what information is needed and how that information can be obtained efficiently and effectively
Marketing Research Objective
The specific information needed to solve a marketing research problem; the objective should be to provide insightful decision-making information
Management Decision Problem
A broad-based problem that uses marketing research in order for managers to take proper actions
Secondary Data
Data previously collected for any purpose other than the one at hand
Research Design
Specifies which research questions must be answered, how and when the data will be gathered, and how the data will be analyzed
Big Data
The exponential growth in the volume, variety, and velocity of information and the development of complex, new tools to analyze and create meaning from such data
Primary Data
Information that is collected for the first time; used for solving the particular problem under investigation
Survey Research
The most popular technique for gathering primary data, in which a researcher interacts with people to obtain facts, opinions, and attitudes
Mall Intercept Interview
A survey research method that involves interviewing people in the common areas of shopping mall
Computer-Assisted Personal Interviewing
An interviewing method in which the interviewer reads questions from a computer screen and enters the respondent’s data directly into the computer
Computer-Assisted Self-Interviewing
An interviewing method in which a mall interviewer intercepts and directs willing respondents to nearby computers where each respondent reads questions off a computer screen and directly keys his or her answer into the computer
Central-Location Telephone (CLT) Facility
A specially designed phone room used to conduct telephone interviewing
Executive Interview
A type of survey that involves interviewing business people at their office concerning industrial products or services
Focus Group
Seven to ten people who participate in a group discussion led by a moderator
Open-Ended Question
An interview question that encourages an answer phrased in the respondent’s own words
Close-Ended Question
An interview question that asks the respondent to make a selection from a limited list of responses
Scaled-Response Question
A closed-ended question designed to measure the intensity of a respondent’s answer
Observation Research
A research method that relies on four types of observation: people watching people, people watching an activity, machines watching people, and machines watching an activity
Mystery Shoppers
Researcher posing as customers who gather observational data about a store
Behavioral Targeting (BT)
A form of observation marketing research that combines a consumer’s online activity with psychographic and demographic profiles complied in databases
Social Media Monitoring
The use of automated tools to monitor online buzz, chatter, and conversations
Ethnographic Research
The study of human behavior in its natural context; involves observation of behavior and physical setting
Experiment
A method of gathering primary data in which the researcher alters one or more variables while observing the effects of those alterations on another variable
Sample
A subset from a larger population
Universe
The population from which a sample will be drawn
Probability Sample
A sample in which every element in the population has known statistical likelihood of being selected
Random Sample
A sample arranged in such a way that every element of the population has an equal chance of being selected as part of the sample
Non-Probability Sample
Any sample in which little or no attempt is made to get a representative cross section of the population
Convenience Sample
A form of non-probability sample using respondents who are convenient or readily accessible to the researcher – for example, employees, friends, or relatives
Measurement Error
An error that occurs when there is a difference between the information desired by the researcher and the information provided by the measurement process
Sampling Error
An error that occurs when a sample somehow does not represent the target population
Frame Error
An error that occurs when a sample somehow does not represent the target population
Frame Error
An error that occurs when a sample drawn from a population differs from the target population
Random Error
An error that occurs when the selected sample is and imperfect representation of the overall population
Field Service Firm
A firm that specializes in interviewing respondents on a subcontracted basis
Cross-Tabulation
A method of analyzing data that lets the analyst look at the responses to one question in relation to the responses to one or more other questions
Scanner-Based Research
A system from gathering information from a single group of respondents by continuously monitoring the advertising, promotion, and pricing they are exposed to and the things they buy
BehaviorScan
A scanner-based research program that tracks the purchases of 3,000 households though store scanners in each research market
InfoScan
A scanner-based sales-tracking service for the consumer packaged-goods industry
Neuromarketing
A field of marketing that studies the body’s responses to marketing stimuli
Competitive Intelligence (CI)
An intelligence system that helps managers assess their competition and vendors in order to become more efficient and effective competitors
