Marketing IM (1)

Front

What is the primary purpose of marketing information systems? Options: To automate sales processes, To monitor competitors’ activities, To collect and analyze data for decision-making, To implement advertising campaigns

Back

To collect and analyze data for decision-making

Answer explanation

Marketing information systems are designed to collect and analyze data to support decision-making.

Front

Which of the following is an example of primary data collection? Purchasing a market research report, Conducting a customer survey, Reading an industry blog, Accessing public government data

Back

Conducting a customer survey

Answer explanation

Primary data is collected firsthand, like through surveys, for specific research needs.

Front

How can businesses ensure the integrity of marketing data? Options: By limiting access to data, By interpreting data to fit business needs, By conducting regular data audits, By sharing raw data openly

Back

By conducting regular data audits

Answer explanation

Data audits ensure the accuracy and reliability of marketing data.

Front

Which is a characteristic of secondary data?

Back

It may not directly address the research question.

Answer explanation

Secondary data may not always directly align with the research question but can provide context.

Front

Why is data mining important in marketing?

Back

To identify patterns and relationships in data

Answer explanation

Data mining identifies patterns in large datasets, helping marketers understand trends.

Front

What is the purpose of a situational analysis?

Back

To evaluate the current business environment

Answer explanation

A situational analysis helps businesses understand their current environment.

Front

What does the term 'big data' refer to in marketing?

Back

A large amount of unstructured data

Answer explanation

Big data refers to vast, unstructured datasets that require advanced tools for analysis.

Front

Which of the following is considered a data visualization tool? A spreadsheet application, A pie chart, A coding program, A data warehouse

Back

A pie chart

Answer explanation

Pie charts are examples of visual tools that present data clearly.

Front

What is a key benefit of using customer relationship management (CRM) systems?

Back

To improve customer interactions and loyalty

Answer explanation

CRM systems enhance customer engagement and loyalty through organized data tracking.

Front

How can businesses use marketing research to identify new opportunities? Options: By analyzing competitor weaknesses, By surveying customer satisfaction, By creating targeted advertisements, By conducting environmental scans

Back

By conducting environmental scans

Answer explanation

Environmental scans provide insights into external opportunities affecting business growth.