Exam 10: Gathering and Using Information: Marketing Research and Market Intelligence

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One standard set forth in the Code of Ethics for Market Intelligence Professionals is to avoid conflicts of interest in fulfilling one's duties.

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_____ is a method of examining content in blogs,tweets,and other online media to determine what people are thinking at any given time.

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Provide examples of tasks aiding marketing.

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-Develop product ideas & designs.
-Determine if there is demand for your product so you know whether or not to produce it.
-Identify market segments for your product.
-Make pricing decisions.
-Evaluate packaging types.
-Evaluate in-store promotions.
-Measure the satisfaction of your customers.
-Measure the satisfaction of your channel partners.
-Evaluate the effectiveness of ads and their placement.
-Make marketing channel decisions.

A depth interview utilizes open-ended questions.

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A researcher asking a respondent to complete sentences is engaging in a(n)_____.

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Syndicated research is primary data that marketing research firms collect on a regular basis and sell to other companies.

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_____ is any form of research that includes gathering data that is not quantitative.

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Handbooks,dictionaries,and books are sources of secondary data.

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Studies that use _____ have a lot of room for sampling error and aren't considered very accurate.

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Projective techniques utilize specific,direct questions to reveal information.

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_____ data is more expensive and time consuming to collect than _____ data.

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Exploratory research utilizes qualitative data.

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Face-to-face surveys allow researchers to ask more complex questions than mail surveys.

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Market trends can be uncovered internally utilizing:

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Marketing research is utilized when market intelligence,internal company data,and analytics software falls short.

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A focus group typically involves:

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Industrial espionage mainly involves examining content in blogs,and other online media to determine what people are thinking at any given time.

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Gathering information about competitors through spying is known as _____.

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The intranet is an excellent tool utilized by companies to reach consumers.

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Mark has been enlisted by his boss to conduct a focus group.What will Mark need to do to accomplish this?

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