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17 Cards in this Set
- Front
- Back
- 3rd side (hint)
Marketing Research |
A set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision makers involved in marketing goods, services, or ideas |
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Syndicated Data |
Data available for a fee from commercial research forms |
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Scanner Data |
A type of quantities research that uses data obtained from scanner readings of UPC codes at checkout counters |
Scanner readings |
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Data Warehouse |
Pieces of individual data stored in large computer networks |
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Data Mining |
A variety of statistical analysis tools to uncover previously unknown patterns in the data or relationships among variables |
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Qualitative Research |
Observation Social Media In depth interview Focus Group |
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Observation |
Examining purchase behaviors through personal or video camera scrutiny |
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Social Media |
A booming source of data for marketing Research endeavors |
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In-depth interview |
Trained researchers ask questions, listen to and record answers |
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Focus Group |
Small group of persons for an intensive discussion about a particular topic |
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Quantitative Research |
Survey Panel Scanner Based Experimental |
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Survey |
A systematic means of collecting information from people that generally uses a questionnaire |
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Panel |
Collecting information from a group of consumers over time |
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Scanner Based |
Uses data obtained from scanner readings of IOC codes at check out counters |
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Experimental |
Systematically manipulated one or more variables to determine which variables have a causes effect on another variable |
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Secondary Research |
Census Data, Sales invoices, internet information, syndicated data Adv: saves times in collections data and free or inexpensive (except syndicated data) Dis:May not be precisely relevant to information needs and information may not be timely |
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Primary Research |
Observed behavior, focus Group interviews, surveys, experiments Adv: Specific to the immediate date needs and offers behavioral insights generally not available from secondary research Dis: costly and time consuming |
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