Market Research Essentials
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Questions and Answers

What is the main goal of market research?

  • To conduct social and opinion research
  • To identify and analyze the needs of the market (correct)
  • To focus on salesforce effectiveness
  • To analyze advertising effectiveness

Which techniques are used in market research?

  • Financial forecasting
  • Ethnography and focus groups (correct)
  • Analysis of legislative data
  • Supply chain analysis

What distinguishes marketing research from market research?

  • Marketing research focuses on advertising effectiveness
  • Market research is much older than marketing research
  • Market research focuses on salesforce effectiveness
  • Marketing research is concerned specifically with markets and distribution (correct)

Why do people confuse Market research with Marketing research?

<p>Because Market Research is a subset of Marketing Research (D)</p> Signup and view all the answers

What is the role of quantitative techniques in market research?

<p>Customer surveys and secondary data analysis (C)</p> Signup and view all the answers

According to goal-setting theory, which type of goals lead to higher performance?

<p>Specific, difficult goals (D)</p> Signup and view all the answers

What effect do difficult goals have on effort, according to goal-setting theory?

<p>They lead to greater effort (C)</p> Signup and view all the answers

How do goals affect persistence, according to goal-setting theory?

<p>They increase persistence (B)</p> Signup and view all the answers

Which factor is NOT mentioned by Locke and Latham as necessary for goals to affect performance positively?

<p>Ease of the goal (B)</p> Signup and view all the answers

What is the main idea behind goal or objective setting, as per the given text?

<p>To envision, plan, and commit to achieve a desired result (C)</p> Signup and view all the answers

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