Market Research Yr 12 LTT

Market Research Yr 12 LTT

Assessment

Flashcard

World Languages

11th Grade

Hard

Created by

M Cherry

FREE Resource

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17 questions

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1.

FLASHCARD QUESTION

Front

Market research is the means by which organizations can identify

Back

what customers actually want. Market research helps organizations understand customer needs.

2.

FLASHCARD QUESTION

Front

The main ways LTT Organisations conduct Market Research

Back

Internet & Email

Focus groups

Postal Surveys

Observation

personal Surveys

Telephone questionnaires

IF POST

3.

FLASHCARD QUESTION

Front

Impact of marketing myopia.

Back

If not addressed quickly, marketing myopia can lead to significant damage to leisure, travel, and tourism organizations.

4.

FLASHCARD QUESTION

Front

Role of focus groups.

Back

Focus groups are used to gather qualitative data in market research.

5.

FLASHCARD QUESTION

Front

Damage from incorrect assumptions.

Back

Can lead to financial loss and damage to brand reputation.

6.

FLASHCARD QUESTION

Front

Products and services most attractive to different age ranges.

Back

Understanding age-specific preferences helps tailor offerings to various demographics.

7.

FLASHCARD QUESTION

Front

Clarity about what the organization is researching.

Back

Being clear on research objectives is crucial for effective market research.

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