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Marketing Information Research

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
Questions that offer two or more choices as answers   Closed-ended questions  
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Resources used to maintain information, including equipment and procedures, so that it can be used when needed   Data storage  
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The process of summarizing, combining or comparing information so that decisions can be made   Data analysis  
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Non essential purchases that satisfy consumers wants   Discretionary purchases  
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Controlled situations in which all factors are the same except the one being studied   Experiments  
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Provides an understanding of factors outside the organization   External information  
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Small number of people brought together to discuss identified elements of an issue or problem   Focus group  
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Information that goes into the system that is needed for decision making   Input  
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Information developed from activities that occur within the organization   Internal information  
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An organized method of collecting, storing, analyzing and retrieving information to improve the effectiveness and efficiency of marketing decisions   Marketing information systems (MKIS)  
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A procedure to identify solutions to a specific marketing problem through the use of scientific problem solving   Marketing research  
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The process of dividing a large group of consumers into subgroups based on specific characteristics and common needs   Market segmentation  
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A way to collect information by recording actions without interacting or communicating with the participant   Observation  
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Questions that allow respondents to develop their own answers without information about possible choices   Open-ended questions  
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The result of analysis that is given to decision makers   Output  
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All of the people in the group that a company is interested in studying   Population  
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Information collected for the first time to solve the problem being studied   Primary data  
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A procedure in which everyone in the population has an equal chance of being selected in a sample   Random sampling  
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A small group selected from the population   Sample  
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Information already collected for another purpose that can be used to solve the current problem   Secondary data  
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Experiments where researchers create the situation to be studied   Simulations  
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A planned set of questions to which individuals or groups of people respond   Survey  
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A clearly defined segment of the market to which a business wants to appeal   Target market  
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Specific cities or geographic areas in which marketing experiments are conducted   Test markets  
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Created by: kweenbee30
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