| Term | Definition |
|
market research |
the systematic design, collection, interpretation, and reporting of information to help marketres solve specific marketing problems or take advantage of marketing opportunities |
|
define problem, desing the project, collecting data, interprete results, report findings |
marketing research process |
|
exploratory research |
research conducted to gether mroe information about a problem or to marke tentative hypothesis more specific |
|
conclusive research |
research designed to verify insights through objective procedures and to help marketers in making decisions |
|
descriptive research |
research conducted to clarify the characteristics fo certain phenomena to solve a particular problem |
|
experimental research |
research that allows marketers to make causal inferences about relationships |
|
reliability |
a condition existing when a research technique produces almost identical results in repeated trials |
|
validity |
a condition existing when research methos measures what it is supposeed to measure |
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primary data |
data observed and recorded or collected directly from respondents |
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secondary data |
data compiled both inside and outsid ethe organization for some purpose other than the current investigation |
|
probability sampling |
a sampling technique in which every elemetnt in the population being studied has a known change of being selected for study |
|
stratified sampling |
a type of probability sampling in which the population of interest is devided into groups according to a common attribute and a random sample is then chosen within each group |
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quota sampling |
a nonprobability sampling technique in which researchers divide the population into groups and then arbitrarily choose participants from each group |
|
statistical interpretation |
analysis of what is typical ro what deviates from the average |