Exam 2: Marketing Research in Practice

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In practice, a marketing research department's goal can be grouped into three major categories: Programmatic, Evaluative, and Selective.

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The four components of a typical MDSS are database, analysis, display and modeling

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Standardized services are provided by companies that specialize in just one or two aspects of marketing research.

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A good MDSS should be able to present data in a single format and at a single level alone

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________ companies routinely collect information on several different issues and provide it to firms that subscribe to their services

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An information system is an interacting structure of people, equipment, and procedures designed to disseminate timely, accurate, and pertinent information to decision makers.

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A syndicated research differs from a customized research in that

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The purpose of an MDSS is to combine marketing data from diverse sources into a single database for line managers to enter interactively and obtain information.

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Firms that work with individual clients and help them develop and implement a complete marketing research project are called providers of

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Which one of the following can affect market research?

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Evaluative research is used to

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___________ research is conducted to develop marketing options.

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___________ research is done to test different decision alternatives such as new product concept testing, advertising copy testing, and pretest marketing.

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Databases have value even if the insights they contain cannot be retrieved

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Analysis capabilities can be used to relate data to models but cannot be used to identify exceptions and clarify relationships.

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Though MDSS leads to substantial cost savings, it does not lead to a better understanding of the decision environment.

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Even if a company has an in-house research department, it is not unusual for it to seek the assistance of external suppliers

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Selective service firms are

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Which research is carried out to assess performance of programs, including tracking advertising recall and corporate and brand image studies?

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A decision support system

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