Exam 10: Marketing Research in the Era of Big Data

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A population,used for market research purposes,is a subgroup of the total sample selected for analysis.

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A market researcher for a cable company is seeking to determine the number of households in a selected neighborhood that consist of four or more people.The most cost efficient way to collect this information would be to:

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In interpretative research,the researcher first spends an extensive amount of time studying the culture,and for that reason,the studies often are called _____ studies.

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A marketing information system allows marketers to store data,classify and analyze that data,and retrieve it easily when needed.

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The first step in the marketing research process is to conduct exploratory research,and then use the information to define the problem.

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What is a quota sample? How is it different from a stratified sample?

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Jack is a research specialist who has spent six months conducting a detailed study of customer attitudes and expectations.In writing the final report,Jack should remember to:

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Match each item with the correct statement below. -A(n)_____ is a nonprobability sample divided to maintain the proportion of certain characteristics among different segments or groups seen in the population as a whole.

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Mail surveys and telephonic interviews are the most common methods for conducting primary research in developing countries.

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Explain the origins of the era of big data in marketing research.

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A _____ is a master plan created by a marketer for conducting market research.

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A quota sample differs from a stratified sample,as in a quota sample,researchers select subsamples by some random process.

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Differentiate between a probability sample and a nonprobability sample.List out the different types of probability and nonprobability samples.

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Match each item with the correct statement below. -_____ is a type of primary research in which a researcher observes a customer or a group of customers in their natural setting and interprets their behavior based on an understanding of the social and cultural characteristics of that setting.

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What is a research design? What are the factors that need to be considered by marketers while creating a research design?

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​A researcher came up with an unusual way to study the market penetration of Magazine A vs Magazine B in a particular city.At the city's garbage processing center,she obtained a week's sample of discarded magazines and compared the numbers of A to B.This is a(n)_____ research method,used to collect _____ data.

(Multiple Choice)
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Your marketing team is conducting research to improve your understanding of sampling techniques.You are particularly interested in working with the so-called Millennial Generation and have accumulated the following key data points about the group: ​ They regard themselves as special and need individual attention,which they received throughout their childhood. There are 70 million individuals in this cohort. The total buying power of the group is $100 billion a year. They prefer team-oriented activities,having often taken part in team sports as children. They show conventional preferences for schedules and structure. People in the group range from 20 to 35 years old. They are achievement-oriented,particularly in regard to education,but may also respond negatively to failure. Before you select a sample from the population of Millenials,you want to ensure that you understand the characteristics of this group.Based on the data points listed,what can you conclude about this group?

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Match each item with the correct statement below. -_____ is the process of searching through customer databases to detect patterns that guide marketing decision making.

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A well-designed Internet-based marketing research project can cost less than offline research yet yields faster results.

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After defining the problem and conducting an exploratory investigation,the next step in the marketing research process is to:

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