MKT500 - Marketing Research
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Questions and Answers

Which type of research is funded by institutions or the government?

  • Basic Research (correct)
  • Marketing Research
  • Applied Research
  • Observational Study

Which step in the research process involves defining the 'problem'?

  • Step 4: Establish research design
  • Step 1: Establish the need for research
  • Step 3: Establish research objectives
  • Step 2: Define the 'problem' (correct)

Why might promotional sales every 3 months not necessarily apply to Apple products?

  • Apple products are low-end products
  • Apple products do not need promotions (correct)
  • Promotional sales are not effective for Apple products
  • Promotional sales decrease profit for Apple products

Which of the following is a characteristic of descriptive research?

<p>Requires prior knowledge of what to measure (D)</p> Signup and view all the answers

What type of research relies on preset, structured questions and response options?

<p>Descriptive research (B)</p> Signup and view all the answers

What is the main difference between lab studies and field studies?

<p>Control over variables (C)</p> Signup and view all the answers

Which type of research is conducted before quantitative research?

<p>Qualitative research (B)</p> Signup and view all the answers

What is the purpose of descriptive studies in quantitative research?

<p>To describe a situation (C)</p> Signup and view all the answers

What is the main difference between qualitative and quantitative research?

<p>Qualitative research focuses on exploration, while quantitative research focuses on measurement (C)</p> Signup and view all the answers

What is the purpose of primary data in qualitative research?

<p>Direct observation (B)</p> Signup and view all the answers

Which one of the following is NOT a characteristic of managerial decisions?

<p>Require research to be made (D)</p> Signup and view all the answers

Which one best describes a 'problem statement'?

<p>Will clearly identify the problem/opportunity being faced (A)</p> Signup and view all the answers

Which one best describes the role of the SWOT analysis?

<p>Helps identify when the data needs to be gathered (D)</p> Signup and view all the answers

What is the focus of defining the research objective(s)?

<p>All of the above (D)</p> Signup and view all the answers

Which step of the market research process involves determining the sample plan and size?

<p>Step 8: Determine sample plan &amp; size (A)</p> Signup and view all the answers

What is the purpose of conducting a SWOT analysis in the research process?

<p>To gain a broad perspective and collect data (A)</p> Signup and view all the answers

When would a company not need to engage in market research?

<p>When the company already knows what decision alternative makes sense (D)</p> Signup and view all the answers

What is the purpose of establishing the need for research in the market research process?

<p>To identify the need for research (A)</p> Signup and view all the answers

Which type of research is funded by institutions or the government?

<p>Basic research (A)</p> Signup and view all the answers

Which type of research uses a representative sample size?

<p>Descriptive research (B)</p> Signup and view all the answers

What is a characteristic of causal research?

<p>Requires foreknowledge of what to measure (A)</p> Signup and view all the answers

What is the purpose of descriptive studies in quantitative research?

<p>To describe characteristics or behaviors (C)</p> Signup and view all the answers

What type of research relies on experiments?

<p>Causal research (A)</p> Signup and view all the answers

What is the main difference between lab studies and field studies?

<p>Lab studies are conducted in controlled environments, while field studies are conducted in real-world settings (C)</p> Signup and view all the answers

What is the main difference between lab studies and field studies?

<p>Data collection method (B)</p> Signup and view all the answers

What is the purpose of establishing the need for research in the market research process?

<p>To justify the research (B)</p> Signup and view all the answers

What type of research relies on preset, structured questions and response options?

<p>Descriptive research (D)</p> Signup and view all the answers

Why might promotional sales every 3 months not necessarily apply to Apple products?

<p>Promotional sales could decrease profit for Apple products (A)</p> Signup and view all the answers

What do you need to have before conducting causal research?

<p>Foreknowledge of what to measure (C)</p> Signup and view all the answers

Which step in the research process involves establishing research objectives?

<p>Step 3: Establish research objectives (C)</p> Signup and view all the answers

Which step in the research process involves analyzing the data collected?

<p>Step 10 (D)</p> Signup and view all the answers

What is the purpose of conducting a SWOT analysis in the research process?

<p>To analyze a situation from a broad perspective (B)</p> Signup and view all the answers

What is the main difference between qualitative and quantitative research?

<p>Qualitative research is subjective, while quantitative research is objective (B)</p> Signup and view all the answers

What is the purpose of establishing the need for research in the market research process?

<p>To assess whether more information is necessary (B)</p> Signup and view all the answers

Which step of the market research process involves determining the sample plan and size?

<p>Step 8 (B)</p> Signup and view all the answers

What is the focus of defining the research objective(s)?

<p>To specify what the research aims to achieve (D)</p> Signup and view all the answers

Which one of the following should be considered THE LEAST when establishing the need for research?

<p>The potential impact of the decision on the company's reputation (B)</p> Signup and view all the answers

Which one best describes a 'problem statement'?

<p>Will clearly identify the problem/opportunity being faced (B)</p> Signup and view all the answers

Which one best describes the role of the SWOT analysis?

<p>Helps identify the problem. (A)</p> Signup and view all the answers

What are some possible explanations for the lack of changes in sales levels and consistent brand awareness measures after the advertising campaign?

<p>The commercials were not effective in reaching the target audience. (C)</p> Signup and view all the answers

What are some things you'd want to clarify before getting worried about the lack of changes in sales levels and consistent brand awareness measures?

<p>The demographics of the audience reached by the advertising campaign. (C)</p> Signup and view all the answers

If you were to engage in primary research, what information would you want to have?

<p>The effectiveness of the advertising campaign in reaching the target audience. (C)</p> Signup and view all the answers

Which type of research is conducted before quantitative research?

<p>Exploratory research (A)</p> Signup and view all the answers

What is the purpose of descriptive studies in quantitative research?

<p>To measure and describe phenomena (C)</p> Signup and view all the answers

What is the main difference between qualitative and quantitative research?

<p>Qualitative research is subjective, while quantitative research is objective (C)</p> Signup and view all the answers

Which step in the research process involves defining the 'problem'?

<p>Step 7: Define the problem (D)</p> Signup and view all the answers

What is the purpose of primary data in qualitative research?

<p>To explore new ideas (D)</p> Signup and view all the answers

Which one best describes the role of the SWOT analysis?

<p>To analyze internal and external factors affecting a business (A)</p> Signup and view all the answers

Which type of research is funded by institutions or the government?

<p>Basic research (A)</p> Signup and view all the answers

What is the purpose of establishing the need for research in the market research process?

<p>To justify the research project (C)</p> Signup and view all the answers

Why might promotional sales every 3 months not necessarily apply to Apple products?

<p>Promotions could decrease profit for high-end products (A)</p> Signup and view all the answers

Which type of research relies on preset, structured questions and response options to gather information?

<p>Descriptive research (B)</p> Signup and view all the answers

What is the main difference between lab studies and field studies?

<p>Lab studies are conducted in controlled environments, while field studies are conducted in natural settings (A)</p> Signup and view all the answers

Which one of the following is a characteristic of causal research?

<p>Uses experiments (B)</p> Signup and view all the answers

Which one of these is the correct order of steps in the market research process?

<p>Identify information types &amp; sources, Establish research design, Determine data access method (C)</p> Signup and view all the answers

Which type of research relies on observing people in real time?

<p>Qualitative research (B)</p> Signup and view all the answers

What is the purpose of secondary data in qualitative research?

<p>To gain background information (C)</p> Signup and view all the answers

Which step in the market research process involves analyzing the data collected?

<p>None of the above (D)</p> Signup and view all the answers

Which one of the following is NOT a characteristic of managerial decisions?

<p>They require research to be conducted (D)</p> Signup and view all the answers

What is the purpose of conducting a SWOT analysis in the research process?

<p>To help identify the problem (D)</p> Signup and view all the answers

What is the main difference between qualitative and quantitative research?

<p>Qualitative research is more subjective, while quantitative research is more objective (B)</p> Signup and view all the answers

What is the focus of defining the research objective(s)?

<p>To specify what information is needed (D)</p> Signup and view all the answers

What are the 11 steps of market research?

<p>Step 1: Establish the need for research, Step 2: Define the ‘problem’, Step 3: Establish research objectives, Step 4: Determine data access method, Step 5: Identify information types &amp; sources, Step 6: Design data collection forms, Step 7: Determine sample plan &amp; size, Step 8: Collect data, Step 9: Analyze data, Step 10: Prepare &amp; Present Report, Step 11: Determine sample plan &amp; size (D)</p> Signup and view all the answers

What is the purpose of conducting a SWOT analysis in the research process?

<p>To gain a broad perspective and collect data (D)</p> Signup and view all the answers

Which step in the research process involves defining the 'problem'?

<p>Step 2: Define the ‘problem’ (D)</p> Signup and view all the answers

When would a company not need to engage in market research?

<p>When the company has enough information without conducting research (D)</p> Signup and view all the answers

Which type of research is funded by institutions or the government?

<p>Basic research (A)</p> Signup and view all the answers

What is the purpose of conducting a SWOT analysis in the research process?

<p>To identify strengths and weaknesses of a company (B)</p> Signup and view all the answers

What is the main difference between qualitative and quantitative research?

<p>Qualitative research is subjective, while quantitative research is objective (C)</p> Signup and view all the answers

Which type of research relies on experiments?

<p>Causal research (D)</p> Signup and view all the answers

What is a characteristic of causal research?

<p>Requires foreknowledge of what to measure and describe (C)</p> Signup and view all the answers

Which type of research uses a representative sample size?

<p>Descriptive research (C)</p> Signup and view all the answers

Which step in the research process involves identifying information types and sources?

<p>Step 5 (B)</p> Signup and view all the answers

What is the purpose of conducting a SWOT analysis in the research process?

<p>To brainstorm possible reasons for a symptom (B)</p> Signup and view all the answers

When would a company not need to engage in market research?

<p>When funds are not available for research (A)</p> Signup and view all the answers

What is the main difference between qualitative and quantitative research?

<p>Quantitative research uses numerical data and statistical analysis (B)</p> Signup and view all the answers

Which one of the following is a characteristic of descriptive research?

<p>It involves observing and describing phenomena (D)</p> Signup and view all the answers

What is the purpose of qualitative research in the market research process?

<p>To observe people in real time (B)</p> Signup and view all the answers

Which step in the research process involves analyzing the data collected?

<p>Analyzing the data collected (B)</p> Signup and view all the answers

Which step in the market research process involves determining the sample plan and size?

<p>Establish research objective(s) (B)</p> Signup and view all the answers

Which type of research is conducted before quantitative research?

<p>Exploratory research (D)</p> Signup and view all the answers

What is the main difference between descriptive and causal research?

<p>Descriptive research describes situations, while causal research focuses on establishing causality (D)</p> Signup and view all the answers

What is the main difference between lab studies and field studies?

<p>Lab studies involve observing and collecting data in controlled environments, while field studies involve observing and collecting data in real-world settings (B)</p> Signup and view all the answers

Which type of research focuses on exploring newspaper titles throughout the last century to understand the evolution of people's sentiments toward marijuana?

<p>Secondary data (C)</p> Signup and view all the answers

Which type of research is funded by institutions or the government?

<p>Basic research (B)</p> Signup and view all the answers

What is the focus of defining the research objective(s)?

<p>Setting clear goals for the research (B)</p> Signup and view all the answers

Why might promotional sales every 3 months not necessarily apply to Apple products?

<p>Apple products sell themselves without promotions (A)</p> Signup and view all the answers

Which type of research uses a sufficient, representative sample size?

<p>Descriptive research (A)</p> Signup and view all the answers

What is a key requirement for conducting causal research?

<p>Having prior knowledge of what needs to be measured (B)</p> Signup and view all the answers

When using surveys in research, what type of questions are typically used?

<p>Multiple-choice questions (C)</p> Signup and view all the answers

Which one of the following is NOT a characteristic of managerial decisions?

<p>They require research to be conducted (D)</p> Signup and view all the answers

Which one best describes a 'problem statement'?

<p>Will clearly identify the problem/opportunity being faced (B)</p> Signup and view all the answers

Which one best describes the role of the SWOT analysis?

<p>Helps identify the problem (B)</p> Signup and view all the answers

What is the purpose of conducting a SWOT analysis in the research process?

<p>To help identify the problem (C)</p> Signup and view all the answers

Which step in the market research process involves designing data collection forms?

<p>Step 7 (C)</p> Signup and view all the answers

What is the purpose of conducting a SWOT analysis in the research process?

<p>To gain a broad perspective and collect data (B)</p> Signup and view all the answers

When would a company not need to engage in market research?

<p>When the company already has enough information (A)</p> Signup and view all the answers

What is the main difference between qualitative and quantitative research?

<p>Qualitative research focuses on exploring sentiments, while quantitative research focuses on structured questions and response options (A)</p> Signup and view all the answers

Which type of research is typically conducted before quantitative research?

<p>Exploratory research (B)</p> Signup and view all the answers

What is the purpose of conducting a SWOT analysis in the research process?

<p>To assess the internal and external factors affecting a business (A)</p> Signup and view all the answers

Which step in the research process involves analyzing the data collected?

<p>Step 7: Analyze the data (C)</p> Signup and view all the answers

What is the main difference between lab studies and field studies?

<p>Lab studies are conducted in controlled environments, while field studies are conducted in real-world settings (B)</p> Signup and view all the answers
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