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marketing chapter 8

QuestionAnswer
Marketing research is the process of defining a marketing problem and opportunity, systematically collecting and analyzing information, and recommending actions.
Measure of success are criteria or standers used in evaluation proposed solutions to the problem. THE MEASURE OF SICESS OF PLAY TIME WAS HOW LONG THEY PLAYED WITH LEGOS.
Constraints are, in a decision, the restrictions places on potential solutions to a problem.
data are the FACTS AND FIGURES related to the project that are divided into two main parts: secondary and primary data
primary data are the facts and figures that are newly collected for the project.
secondary data are the facts and figures that have already been recorded to the project at hand
observational data are the facts and figures obtained by WATCHING how people actually bah, using mechanical, personal, or neuromarekitng data collection methods.
ethnographic research is watching a person use a product in their how use environment
questionnaire data are the facts and figures obtained by ASKING PEOPLE about their attitudes, awareness, intentions, and behaviors.
test market is where you test your product out in a small market before going into a bigger market.
information technology includes all the computing resources that collect, store, and analyze data.
data mining is the practice of examining large databases to find statistical relationships between consumer purchasing patterns and marketing actions
predictive modeling is based on statistical models that use data mining and probibilty analysis to foretell outcomes.
advantages of primary data more flexible and specific to the problem under study
sales forecast consist of the total sales of a product that a firm excects to sell durning a specified time period under specifies environment conditions and its own marketing efforts.
Created by: ellaweiberg
 

 



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