Mastering Marketing Research and Analytics
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Questions and Answers

Which step in the marketing research process involves planning the research design and gathering secondary data?

  • Step 2 (correct)
  • Step 4
  • Step 1
  • Step 3

What is the purpose of exploratory research design?

  • To specify the sampling procedure
  • To analyze secondary data
  • To gather primary data
  • To identify and formulate the problem or opportunity (correct)

Which type of data is already in existence and can be used in marketing research?

  • Primary data
  • Secondary data (correct)
  • Tertiary data
  • Quaternary data

What is the key factor in ensuring the integrity of marketing research results?

<p>The problem or opportunity being studied (C)</p> Signup and view all the answers

Which step in the marketing research process involves conducting research to identify the target market?

<p>Step 4 (C)</p> Signup and view all the answers

What type of market research is conducted to identify a gap in the market for environmentally-conscious consumers who prefer green cleaning solutions?

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

Which tool can be used to gather secondary data for marketing research?

<p>Google Analytics (C)</p> Signup and view all the answers

Which type of sample must be representative of the population?

<p>Probability sample (A)</p> Signup and view all the answers

What is the most effective method for collecting primary data?

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

What are the three types of questions used in surveys?

<p>Open-ended, close-ended, scaled-response (B)</p> Signup and view all the answers

What is the step in the marketing research process where data is analyzed?

<p>Step 5: Analyze the data (C)</p> Signup and view all the answers

What is the purpose of data visualization in marketing research?

<p>To bring patterns to light (B)</p> Signup and view all the answers

What is the term used to describe the process of analyzing big data?

<p>Data mining (D)</p> Signup and view all the answers

What is the purpose of a data warehouse in marketing research?

<p>To organize structured but flexible data (C)</p> Signup and view all the answers

When should marketing research or marketing analytics be used?

<p>When making informed decisions (D)</p> Signup and view all the answers

The marketing research process involves planning, collecting, and analyzing data relevant to marketing decisions.

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

The integrity of the output (results) in the marketing research process is dependent on the integrity of the input (the problem or opportunity).

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

Exploratory research design is used to determine which research questions will be answered, how and when data will be gathered, and how the data will be analyzed.

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

Secondary data in marketing research refers to data that already exists, both internal and external to the company.

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

In the marketing research process, the sampling procedure is specified in Step 3.

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

True or false: The sample in marketing research must always be representative of the population.

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

True or false: Surveys, interviews, focus groups, and customer observation are the most effective methods for collecting primary data.

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

True or false: All surveys require a questionnaire.

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

True or false: Data visualization is a tool used to bring patterns to light and explain the findings of marketing research.

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

True or false: Big data is considered disruptive to market research, but there is still room for both.

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

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