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marketing research
vocabulary words
| Question | Answer |
|---|---|
| marketing research | the systematic gathering, recording, and analysis of data about issues relating to marketing products and services |
| marketing information system | a set of procedures and methods for the regular, planned collection, analysis, and presentation of information for use in making management decisions |
| Observation Method | a method of data collection in which the situation of interests is watched and the relevant facts, actions or behaviors recorded |
| Primary Data | the information collected specifically for the purpose of the investigation at hand |
| Quantitative Research | research that uses numerical analysis. in essence, this approach reduces the data into numbers |
| Qualitative Research | data-gathering techniques that are focused on the significance of observations made in a study rather than the raw numbers themselves |
| Reliability | determines how consistently an instrument yields similar results under varying conditions |
| Secondary Data | the statistics not gathered for the immediate study at hand but for some other purpose |
| Validity | the degree to which the instrument measures what its supposed to measure |
| focus group | a personal interview conducted among a small number of individuals simultaneous the interview relies more on group discussion than on a series of directed questions to generate data |