Setting Marketing Objectives
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Questions and Answers

What type of information can be found in reports published by trade associations and journals?

Valuable information on markets and trends

What is a key publication that provides a lot of information from various agencies?

Annual Abstract of Statistics

What is the aim of qualitative market research?

To find out about the attitudes and opinions of consumers

What type of groups are involved in collecting qualitative market research data?

<p>Small groups such as focus groups</p> Signup and view all the answers

What can qualitative market research reveal about consumer reactions?

<p>Reactions to products, pricing, packaging, branding</p> Signup and view all the answers

What is the main characteristic of quantitative market research data?

<p>Can be analyzed statistically and represented in charts and graphs</p> Signup and view all the answers

How can quantitative market research be used?

<p>To demonstrate sales potential, market size, etc.</p> Signup and view all the answers

What type of research focuses on attitudes and opinions of consumers?

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

What is one way in which qualitative and quantitative market research differ?

<p>Qualitative research is collected in small groups, while quantitative research focuses on statistical analysis</p> Signup and view all the answers

How can businesses benefit from consumer reactions revealed by qualitative market research?

<p>Designing products that are more appealing to consumers</p> Signup and view all the answers

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