Exam 16: Consumer Research

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Interview surveys most often take place in a public space or in retail shopping areas. The latter are referred to as ________.

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B

________ a major application of causal research, in which, prior to launching a new product, elements such as package, price, and promotion are manipulated in a controlled setting in order to predict sales and possible responses to the product.

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Respondents are less willing to interact with an electronic voice than with a live interviewer when conducting telephone surveys.

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In ________, the moderator-researcher usually analyzes the responses received, whereas in ________, the research supervises the analysis.

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When banks use security cameras to observe problems customers may have in using ATMs, this is an example of ________.

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Give an example of a research objective where qualitative research methods would be appropriate to use.

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Focus groups and depth interviews are quantitative research methods.

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The size of the sample is dependent both on the size of the budget and on the degree of confidence that the marketer wants to place in the findings.

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COOKING OIL MINI CASE:\text{COOKING OIL MINI CASE:} Value Mart is a national grocery store chain that markets its own line of store-brand food products as a low-cost, high-value option for the cost-conscious consumer. Based on an evaluation of sales data from various product categories collected from scanners at checkout points, Value Mart has determined that there may be a market for a Value Mart brand cooking oil. In order to further explore customer preferences and potential marketing tactics, Value Mart has decided to conduct focus group sessions with Value Mart consumers. After conducting the focus groups, Value Mart decides to do a small-scale trial of a store-brand cooking oil exclusively at its stores in the New York area to see if consumers will buy the product. -In the COOKING OIL MINI CASE, after conducting its focus group, Value Mart decides to try offering store-brand cooking oil in a limited geographical area to see how consumers will respond to the new product. This is known as ________.

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While obtaining secondary data before engaging in primary research offers many advantages, it also has some limitations. Which of the following is an example of these limitations?

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Which of the following is true of qualitative research?

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Drawn from internal secondary data, customer lifetime value profiles include customer acquisition costs, the profits generated from individual sales to each customer, the costs of handling customers and their orders, and the expected duration of the relationship.

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When designing questionnaires, research has shown that the more ambiguous the questions, the more motivated the respondent will be to complete the questionnaire.

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In quantitative research, the researcher usually analyzes the responses received. In qualitative research, the responses are coded and analyzed statistically.

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Most unsatisfied customers complain to customer service and switch to competitors.

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In order to increase the response rate to telephone surveys, researchers typically send notification letters as well as follow-up letters.

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Identify and discuss the elements of a good complaint analysis system.

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COOKING OIL MINI CASE:\text{COOKING OIL MINI CASE:} Value Mart is a national grocery store chain that markets its own line of store-brand food products as a low-cost, high-value option for the cost-conscious consumer. Based on an evaluation of sales data from various product categories collected from scanners at checkout points, Value Mart has determined that there may be a market for a Value Mart brand cooking oil. In order to further explore customer preferences and potential marketing tactics, Value Mart has decided to conduct focus group sessions with Value Mart consumers. After conducting the focus groups, Value Mart decides to do a small-scale trial of a store-brand cooking oil exclusively at its stores in the New York area to see if consumers will buy the product. -In the COOKING OIL MINI CASE, the sales data collected from scanners at checkout points constitutes ________.

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________ include written concept statements, drawings, photos of new products, actual product samples, and rough renditions of ads that help respondents express their inner thoughts and encourage a more precise or accurate response to what is being investigated.

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PRICE SURVEY MINI CASE:\text{PRICE SURVEY MINI CASE:} Capital Clothing wants to get a better understanding of consumers' perceptions of the price and quality of its sweaters. After reviewing data from Yankelovich on consumer lifestyles and consumption patterns, Capital Clothing identified specific consumer characteristics of its target market, which helped it develop a screening questionnaire. The screening questionnaire was used to select participants for its price/quality survey. The following is the survey administered by Capital Clothing to evaluate customer perceptions of the price and quality of its sweaters. 1. Rank to following clothing companies in terms of the quality of their sweaters. Capital Clothing Executive Suit Sweater Hut A-List 2. Do you agree or disagree with the following statement? (Check one) Sweaters from Capital Style provide good value for price. Somewhat Neither agree Somewhat Strongly Clothing text agree nor disagree disagree disagree 3. Please check the point on the following continuum that best expresses your impression of the price of Capital Style Sweaters. Expensive Inexpensive 4. How likely are you to purchase a Capital Style sweater in the next six months? Might or Definitely will Probably will might not Probably will Definitely will purchase purchase purchase not purchase not purchase -In the PRICE SURVEY MINI CASE, the screening questionnaire is developed based on ________ from Yankelovich.

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