midterm exam Flashcards
(122 cards)
marketing research definition
process of designing, gathering, analyzing, and reporting information that may be used to solve a specific marketing problem
steps in the marketing research process
- clearly identify problem
- determine type of research design to use
- design the research instrument and administer to sample
- analyze results - hypothesis testing
- reach conclusions
exploratory research design with ex
develop your hypothesis, just gettin basic info ex: who wants VR headsets and why
descriptive research design with ex
measuring certain variables of interest ex: what are the characteristics of VR headset owners
causal research design and ex
youre testing if one thing causes another thing to happen ex: if we let people pay later, will more people buy VR headsets
when do you use exploratory research
conducted when the researcher does not know much about the problems
what is descriptive research
describes answers to questions of who what where when BUT NOT WHY
2 classifications of descriptive research
- cross sectional studies
- longitudinal studies
Longitudinal studies:
measure variables repeatedly over time (ex: surveying the same group of customers every 6 months to see if their opinions about a brand have changed)
Cross-sectional studies:
measures variables at one particular point in time (ex: black friday sales)
Causality statement
“If X, then Y”
correlation
observation that two things are occurring together
causation
whether or not one thing is affecting the other
Qualitative research definition
gather/analyze data by observing what people do or say
in what type of research design do you use qualitative? why?
Mainly used in exploratory research designs when the objective is to gather background information, clarify the research problem, and/or create hypotheses or establish research priorities
types of qualitative methods
- observation method
- focus groups
- in depth interviews
- projective techniques
- ethnographic research
- neuromarketing
what are the advantages / disadvantages of focus groups
Advantages of focus groups:
- generate fresh ideas
- Allow people to observe their participates
- Understand wide variety of issues
- Access to special respondent groups
Disadvantages:
- Difficulty in the interpretation of results
- Groupthink: one or two members of the group state an opinion and others are influenced
- Results arent generalizable
what is ethnographic research
Recording behavior in natural setting - understanding social and cultural influences
what is participant observation in ethnographic research ?
researcher participates in key events or communities
what is nonparticipant observation in ethnographic research ?
Nonparticipant observation: researcher observes without entering into events
what are shopalongs in ethnographic research?
researcher accompanies a shopper on a shopping trip to record their activities
what is mobile ethnography?
day in the life, people document their own experiences of the product through their phones
what is netnography in ethnographic research
ethnographic study of online activities
what is neuromarketing
The study of individuals involuntary responses to marketing stimuli