Basic Marketing--MAR 3023

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Spring 2014
kberdis
Flashcards by kberdis, updated more than 1 year ago
kberdis
Created by kberdis about 10 years ago
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Resource summary

Question Answer
Marketing Information everyday information about developments in the marketing environment that managers use to prepare and adjust marketing plans
Decision Support System (DSS) an interactive, flexible, computerized information System that enables managers to Obtain and Manipulate information as they are making decision
Database Marketing the creation of a Large Computerized file of customers' and potential customers' Profiles and Purchase Patterns
Marketing Research the process of Planning, Collecting, and Analyzing Data relevant to a marketing decision
Importance of Marketing Research Information gathered; how you Collect and how you Process
Types of Marketing Research -Exploratory -Causal
Exploratory (marketing Research) Qualitative Methods; trying to explore it at a bigger level; using qualitative data; WHY SOMETHING IS HAPPENING
Causal (marketing Research) -Experiments -Cause and Effects -Ex: increase advertising Budget, how much would it increase
Marketing Research Problem Determining what information is Needed and How that information can be obtained Efficiently and Effectively
Marketing Research Objective the specific information need to Solve a problem; the objective should be to provide insightful decision-making information
Management Decision Problem a Broad-Based Problem that uses marketing research in order for Managers to take Proper Actions
Secondary Data data previously collected for any purpose other than the one at hand
Marketing Research Aggregator a company that acquires, catalogs, reformats, segments, and resells reports already published by marketing research firms.
Research Design specifies which research questions must be answered, how and when the data will be gathered, and how the data will be analyzed
Primary Data Information that is collected for the first time; used for solving the particular problem under investifation
Survey Research the most technique for gathering primary data, in which a researcher interacts with people to obtain facts, opinion, and attitudes
Mall Intercept Interview a survey research method that involves interviewing people in the common areas of shopping malls
Computer-assisted personal interviewing an interviewing method in which the interviewer reads questions from a computer screen and enters the respondent's data directly into the computer
Computer-assisted Self-interviewing an interviewing method in which a mall interviewer intercepts and directs willing respondents to nearby computers where each respondent reads questions off a computer screen and directly keys hits or her answers into a computer
Central-Location Telephone (CLT) facility a specially designed phone room used to conduct telephone interviewing
Executive Interview a type of survey that involves interviewing business people at their offices concerning industrial products or services
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