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Mark110
Chapter 8
15
Marketing
Undergraduate 1
10/25/2007

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Term
Marketing Research
Definition
The process of defining a marketing problem and opportunity, systematically collecting and analyzing information, and recommending actions to improve an organization's marketing activities.
Term
Secondary Data
Definition
Facts an figures that have been recorded before the project at hand.
Term
Primary Data
Definition
Facts and figures that are newly collected for the project.
Term
Focus Groups
Definition
An informal session of 6 to 10 past, present,or prospective customers, in which a discussion leader, or moderator, asks their opinions about the firm's and its competitor's products.
Term
Depth Interviews
Definition
A detailed, individual interview with a person relevant to the research project.
Term
Survey
Definition
A research technique used to generate data by asking people questions and recording their responses on a questionnaire.
Term
Experiment
Definition
Obtaining data by manipulating factors under tightly controlled conditions to test cause and effect.
Term
Observation
Definition
Watching, either mechanically or in person, how people behave.
Term
Ethnographical Research
Definition
Observational approach to discover subtle emotional reactions as consumers encounter products in their "natural environment."
Term
Sampling
Definition
The process of selecting subsets from a population.
Term
Probability Sampling
Definition
Using precise rules to select the sample such that each element of the population has a specific known chance of being selected.
Term
Nonprobability Sampling
Definition
Using arbitrary judgements to select a sample so that the chance of selecting a particular element may be unknown or zero.
Term
Information Technology
Definition
A computer and communication system to satisfy an organization's needs for data storage, processing, and access.
Term
Data Mining
Definition
The extraction of hidden predictive information from large databases.
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