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Market Research

Total questions: 20

Worksheet time: 11mins

Name
Class
Date
1.

Data that describes a group of people by age, marital status, gender, etc.

a)

Psychographic data

b)

Demographics

c)

Geographic data

2.

A system for collecting, recording, and analyzing information about customers, products, services, and competition.

a)

Market research

b)

Competitive analysis

c)

Qualitative research

3.

Data that helps a business determine where its potential customers live and how far they will travel to visit a business.

a)

Demographics

b)

Geographic data

c)

Use-based data

4.

Identifying and examining the characteristics of a competing business.

a)

Customer profile

b)

Market research

c)

Competitive analysis

5.

An interview with a group of potential customers who provide valuable feedback.

a)

Survey

b)

Focus group

c)

Observation

6.

Individuals are companies that marketing efforts are aimed at.

a)

Target market

b)

Customer profile

c)

Demographics

7.

A description of the person or company that is likely to buy your product or service.

a)

Target market

b)

Customer profile

c)

Focus group

8.

A list of question to ask customers to find out information.

a)

Survey

b)

Secondary data

c)

Focus group

9.

Information collected for the very first time to fit a specific purpose.

a)

Primary data

b)

Secondary data

c)

Quantitative data

10.

Which of these are questions a business should ask when identifying its target market? Check all that apply.

a)

How old are they?

b)

How much money do they make?

c)

How do they like to purchase their products and services?

d)

Where do they live?

11.

Which of these is NOT a type of data that can help businesses understand their target market?

a)

Demographics

b)

Psychographics

c)

Geographic data

d)

Geologic data

12.

Which of these are ways to collect primary data? Check all that apply.

a)

Census information

b)

Government publications

c)

Surveys

d)

Interviews

13.

Which of these is NOT a source of secondary data?

a)

Census information

b)

Government publications

c)

Previous studies done

d)

Focus groups

14.

Which of these types of research/data produces results in numbers, percents, etc.?

a)

Qualitative

b)

Quantitative

15.

Which of these types of research/data shows consumers' attitudes and beliefs about a product, service, etc.?

a)

Quantitative

b)

Qualitative

16.

Which of the following should be looked at when examining competition?

a)

Products offered and pricing

b)

Strengths and weaknesses

c)

Opportunities and threats

d)

All of these should be looked at

17.

What is cheaper and easier - gaining new customers or keeping old customers?

a)

Gaining new

b)

Keeping old

18.

Which of the following are ways to keep customers' loyalty. Check all that apply.

a)

Give exceptional service

b)

No return policies

c)

Ignore reviews

d)

Use frequent buyer programs

19.

What do we call "subgroups" in marketing?

a)

Market segments

b)

Demographics

c)

Focus groups

20.

True or false. Marking products at very low prices is always a good idea.

a)

True

b)

False