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WorksheetsChapter 10 - 10.2 Conducting Research
Total questions: 11
Worksheet time: 7mins
hypothesis
an idea for starting a business
a statement that can be tested and proven either true or false
a statement about your competitors
data mining
collecting primary data to use
analyzing data through the use of graphs and charts
searching through large amounts of digital data to find useful trends
trend
a traditional basic pattern in the market
an emerging pattern of change
a pattern of change that is specific to a specific group of people
marketing trend
a pattern that must be followed when deciding on a price point
a pattern of product innovation
pattern of change in consumer behavior that leads to changes in the marketing mix
social trend
patterns of change in society
often lead to changes in consumer behavior
more than one of these answers is correct
demographics
not important to the marketing mix
age, gender, income, etc. of a specific group of people
changes the size of different segments of the population
demographic trends
often mean changes in product preferences
changes the size of different segments of the population
both answers are correct
product trends
a product that is popular for a short time and dies out quickly
product trends are the same as fads
marketers need to know product trends to give customers what they need and want
fad
a sudden short change in products being developed
something that is very popular for a short time and then dies out quickly
involve "new and improved" products
Marketing-Information System (MkIS)
both other choices are correct
company records, competitor information (SWOT), and customer databases (Cusomter relationship Management CRM) are part of the MkIS
organized system of gathering, sorting, analyzing, evaluating and distributing information for marketing purposes.
order bias
raw data that is neither right or wrong
research that is misguided and not from the accurate sample of the market
the skewing of results in research that is caused by the order in which questions are placed in a survey
