
Market Research Yr 12 LTT
Flashcard
•
World Languages
•
11th Grade
•
Hard
M Cherry
FREE Resource
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17 questions
Show all answers
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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