Exam 7: Improving Decisions With Marketing Information

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Focus groups are popular in both consumer and business markets.

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The observing method in marketing research:

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When getting information for marketing decisions, the marketing manager:

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It is the job of the MIS specialist to ask for the right information in the right form.

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A situation analysis

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A focus group interview involves interviewing 6 to 10 people in an informal group setting.

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Decision support systems that include marketing models help managers by showing the relationships among marketing variables.

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A marketing manager can use a DSS to conduct sales and perform analyses that show a more detailed breakdown of what's happening.

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When a marketing manager scans a firm's MIS to try to obtain information about why the firm's product sales are down, this is an example of a(n):

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About ______________ percent of marketing research spending is for syndicated research.

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Procedures that develop and analyze new information to help marketing managers make decisions are called:

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Only about 25 percent of marketing research spending is for syndicated research.

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During the situation analysis, marketing researchers may talk to informed people within the company, study internal records, search libraries for available information, or browse the Internet with a search engine.

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About what percentage of marketing research spending is for syndicated research data?

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Marketing research is concerned with developing and analyzing new information to help marketing managers do a better job of:

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Qualitative research, compared to quantitative research:

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Focus groups are a way to gather primary data quickly, but at a relatively high cost.

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When focus group interviews are used in marketing,

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______________ is concerned with whether the research data measures what it is intended to.

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Information is obtained on a continuing basis from the same respondents using a:

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