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Unit 2
Marketing Vocab Unit 2
| Term | Definition |
|---|---|
| The proportion of people who are familiar with a product, brand name or trademark. | Awareness |
| he planning, collection, and analysis of data relevant to marketing decision making, and the communication of the results of this analysis to management. | Marketing research |
| A sample consisting of the entire population. | Census |
| Questions that ask the respondent to choose from a limited number of pre-listed answers | Closed-end question |
| Organization of data for the purpose of producing desired information; involves recording, classifying, sorting, summarizing, calculating, disseminating and storing data. | Data processing |
| A qualitative market research technique in which a group of participants (approx. 10) of common demographics, attitudes, or purchase patterns are led through a discussion of a particular topic by a trained moderator. | Focus group |
| The process of dividing a total market into sub-groups of consumers who exhibit differing sensitivities to one or more marketing mix variables. | Market segmentation |
| A question that has no prelisted answers, which requires the respondent to answer is his or her own words. | Open-ended question |
| Conducting research to collect new data to solve a marketing information need | Primary research |
| Analyzing information from previously conducted research projects. | Secondary research |