CB Quiz: Consumer Research Objectives & Secondary Research PDF

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VivaciousChrysoprase9529

Uploaded by VivaciousChrysoprase9529

Harvard University

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consumer research market research secondary research business

Summary

This quiz covers consumer research objectives and secondary research methods. It includes multiple-choice questions on topics such as the purpose of consumer research, types of research, benefits of defining clear objectives, examples of product research objectives, and advantages of secondary data. The document also outlines challenges of secondary data and explains situations where secondary data can be useful.

Full Transcript

Quiz - Consumer Research - objectives & secondary research Here are the 30 multiple-choice questions translated into English, along with the correct answers. 1\. What is the purpose of Consumer Research? ○ a) Maximize profits ○ b) Understand customers (Correct) ○ c) Reduce costs ○ d) Increase...

Quiz - Consumer Research - objectives & secondary research Here are the 30 multiple-choice questions translated into English, along with the correct answers. 1\. What is the purpose of Consumer Research? ○ a) Maximize profits ○ b) Understand customers (Correct) ○ c) Reduce costs ○ d) Increase efficiency 2\. What type of research uses already existing data? ○ a) Quantitative research ○ b) Primary research ○ c) Secondary research (Correct) ○ d) Qualitative research 3\. One benefit of defining clear objectives is: ○ a) Increase company profits ○ b) Facilitate market understanding ○ c) Ensure appropriate research design (Correct) ○ d) Determine the marketing budget 4\. Which is an example of a product research objective? ○ a) Consumer segmentation ○ b) Product quality analysis (Correct) ○ c) Consumer purchase behavior ○ d) Customer satisfaction 5\. Consumer segmentation allows: ○ a) Increase prices ○ b) Divide the market into specific groups (Correct) ○ c) Reduce advertising investment ○ d) Improve product quality 6\. Which factor influences changes in consumer behavior? ○ a) Internal factors ○ b) Product variables ○ c) External factors (Correct) ○ d) Irrelevant factors 7\. Which aspect does not belong to product research? ○ a) Product life cycle ○ b) Pricing strategy ○ c) Product competition ○ d) Consumer behavior (Correct) 8\. Which of the following is a source of secondary data? ○ a) In-depth interviews ○ b) Online surveys ○ c) Government reports (Correct) ○ d) Focus groups 9\. One advantage of secondary data is: ○ a) Low cost (Correct) ○ b) High specificity ○ c) Guaranteed accuracy ○ d) Updated timeliness 10\. What is a common challenge with secondary data? ○ a) Ease of access ○ b) Limited relevance (Correct) ○ c) Real-time analysis ○ d) Consumer adaptability 11\. Internal data is: ○ a) Collected by external organizations ○ b) Generated internally by the company (Correct) ○ c) Irrelevant to most studies ○ d) Provided by public entities 12\. Which tool can be useful for evaluating brand recognition? ○ a) Product surveys ○ b) Consumer reviews (Correct) ○ c) Focus groups ○ d) Government reports 13\. Which of the following examples reflects a consumer research objective? ○ a) Sustainability analysis ○ b) Product durability ○ c) Purchase behavior (Correct) ○ d) Product life cycle 14\. What are the main types of secondary data? ○ a) Quantitative and qualitative ○ b) Internal and external (Correct) ○ c) Price and sales data ○ d) Primary and secondary 15\. Which of the following is an example of external secondary data? ○ a) CRM data ○ b) Competitor analysis ○ c) Google search trends (Correct) ○ d) Internal account records 16\. What does it mean that secondary data is "cost-effective"? ○ a) It is very accurate ○ b) It is economical (Correct) ○ c) It is difficult to obtain ○ d) It is specific 17\. What kind of information does competitive analysis provide? ○ a) Social media opinions ○ b) Information on other companies\' products (Correct) ○ c) Irrelevant data ○ d) Only financial information 18\. Which secondary source contains health statistics? ○ a) Sales statistics ○ b) Industry reports ○ c) Government statistics (Correct) ○ d) Internal publications 19\. Which secondary source can help understand brand perceptions? ○ a) Internal sales data ○ b) Reviews on Trustpilot (Correct) ○ c) Public health statistics ○ d) Financial reports 20\. What type of analysis allows understanding the effect of prices on demand? ○ a) Life cycle analysis ○ b) Price elasticity analysis (Correct) ○ c) Product quality analysis ○ d) Segmentation analysis 21\. An advantage of secondary data is: ○ a) Obtaining data effortlessly ○ b) Its cost and accessibility (Correct) ○ c) Its flexibility ○ d) It is hard to adapt 22\. Which factor can limit the usefulness of secondary data? ○ a) Ease of access ○ b) Lack of specific relevance (Correct) ○ c) Exhaustive analysis ○ d) Large amount of data 23\. What does benchmarking allow in the context of secondary data? ○ a) Evaluate sustainability ○ b) Compare with industry standards (Correct) ○ c) Reduce production costs ○ d) Increase prices 24\. Secondary data can show: ○ a) Production issues ○ b) Changes in trends and patterns (Correct) ○ c) Only financial information ○ d) The final purchase decision 25\. What type of source is a sports footwear industry report? ○ a) Primary source ○ b) Secondary source (Correct) ○ c) Internal research ○ d) Field survey 26\. Social media data is useful for: ○ a) Understanding subconscious desires ○ b) Monitoring public perception in real-time (Correct) ○ c) Obtaining exclusive data ○ d) Limiting market research 27\. Secondary research does not allow: ○ a) Reducing costs ○ b) Obtaining data for a specific campaign (Correct) ○ c) Expanding the research context ○ d) Comparing industry data 28\. Why is accuracy important in consumer research? ○ a) It increases costs ○ b) It ensures informed decisions (Correct) ○ c) It minimizes useful information ○ d) It is not relevant 29\. Nielsen reports can be useful for: ○ a) Examining industry trends (Correct) ○ b) Analyzing subjective opinions ○ c) Investigating internal problems ○ d) Examining irrelevant data 30\. What is critical in consumer research? ○ a) Product quality ○ b) Understanding attitudes and perceptions (Correct) ○ c) Rapidly increasing sales ○ d) Simplifying analysis

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