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market research
type of market research
primary
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Business > unit 3 > market research > type of market research > primary
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Business > unit 3 > market research > type of market research > primary
3 cards
advantage
Business > unit 3 > market research > type of market research > primary
4 cards
Cards (24)
done through:
observation
,
focus groups
,
questionarre
, interviews,
experimentation
observation
:
watching
consumers
as they show/ use the product
firms try to draw conclusions about
shoppers
buy observing their behaviour
they can use this data to improve the
marketing
of products; possible changing shelf layout or
point of sales
promotion
focus groups
:
often ask a group of
consumers
to giver their opinions on a product
observe the consumer's
responses
and record their comments
often use focus groups when
introducing
/launching new products
experimentation
:
manufacturing
companies often build
prototypes
to test new product ideas
alternatively, they might launch a product in a smaller part of the market; regions or certain stores in order to see how customers react
this is also known as
test marketing
questionairres
:
face 2 face
: allows an interviewer to explain any questions that the
respondents
may not understand
telephone surveys
are quicker and cheaper however are disliked by customers
postal/internet surveys
: cheap and avoid questioner bias but have a lower rate of completion
interviews
:
gain more detailed,
qualitative
information from a smaller group of people, interviews are personal and 1 on 1
the interviewer may ask a wide range of questions and may spend a long time with each
respondent
as they explore the responses more deeply
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