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17 Cards in this Set

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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

Syndicated Data

Data available for a fee from commercial research forms

Scanner Data

A type of quantities research that uses data obtained from scanner readings of UPC codes at checkout counters

Scanner readings

Data Warehouse

Pieces of individual data stored in large computer networks

Data Mining

A variety of statistical analysis tools to uncover previously unknown patterns in the data or relationships among variables

Qualitative Research

Observation


Social Media


In depth interview


Focus Group

Observation

Examining purchase behaviors through personal or video camera scrutiny

Social Media

A booming source of data for marketing Research endeavors

In-depth interview

Trained researchers ask questions, listen to and record answers

Focus Group

Small group of persons for an intensive discussion about a particular topic

Quantitative Research

Survey


Panel


Scanner Based


Experimental

Survey

A systematic means of collecting information from people that generally uses a questionnaire

Panel

Collecting information from a group of consumers over time

Scanner Based

Uses data obtained from scanner readings of IOC codes at check out counters

Experimental

Systematically manipulated one or more variables to determine which variables have a causes effect on another variable

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

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