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Marketing Research 5
| Term | Definition |
|---|---|
| Marketing Research | Marketing research is 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 interest 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. If a measure has high reliability, it yields consistent results. |
| 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 it’s supposed to measure. |
| Focus Group | A personal interview conducted among a small number of individuals simultaneously; the interview relies more on group discussion than on a series of directed questions to generate data. It is also called group in-depth interview. |