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MARK 1115 Chapter 7
chapter 7
61
Marketing
Undergraduate 1
01/31/2014

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Term
BehaviorScan
Definition
A scanner-based research program that tracks the purchases of 3,000 households through store scanners. p. 225
Term
behavioural targeting
Definition
A form of observation marketing research that uses data mining coupled with identifying Web surfers by their IP addresses.p. 223
Term
central-location telephone (CLT) facility
Definition
A specially designed phone room used to conduct telephone interviewing. p. 207
Term
chain-ratio sales forecasting
Definition
A method of forecasting by which a firm’s sales are estimated by relating them in proportion to larger trends. p. 227
Term
closed-ended question
Definition
An interview question that asks the respondent to make a selection from a limited list of responses. p. 209
Term
competitive intelligence (CI)
Definition
An intelligence system that helps managers assess their competition and vendors in order to become more efficient and effective competitors. p. 226
Term
complex trend analysis sales forecasting
Definition
Estimating future sales based on past sales while accounting for cyclical variations, competitor activity, and other impacts. p. 227
Term
computer-assisted personal interviewing
Definition
An interviewing method in which the interviewer reads the questions from a computer screen and enters the respondent’s data directly into the computer. p. 207
Term
computer-assisted self-interviewing
Definition
An interviewing method in which a mall interviewer intercepts and directs willing respondents to nearby computers, where the respondent reads questions off a computer screen and directly keys his or her answers into the computer. p. 207
Term
consumer-generated media (CGM)
Definition
Media that consumers generate and share among themselves. p. 223
Term
convenience sample
Definition
A form of non-probability sample using respondents who are convenient or readily accessible to the researcher—for example, employees, friends, or relatives. p. 215
Term
cross-tabulation
Definition
A method of analyzing data that lets the analyst look at the responses to one question in relation to the responses to one or more other questions. p. 217
Term
customer buyer intention survey forecasting
Definition
Surveying buyer intentions to determine how many customers plan to buy the firm’s products in the future. p. 229
Term
database marketing
Definition
The creation of a large computerized file of customers’ and potential customers’ profiles and purchase patterns. p. 196
Term
decision support system (DSS)
Definition
An interactive, flexible, computerized information system that enables managers to obtain and manipulate information as they are making decisions. p. 196
Term
ethnographic research
Definition
The study of human behaviour in its natural context; involves observation of behaviour and physical setting. p. 212
Term
executive interviews
Definition
A type of survey that involves interviewing businesspeople at their offices concerning industrial products or services. p. 207
Term
experiment
Definition
A method for gathering primary data; the researcher alters one or more variables while observing the effects on another variable (usually sales). p. 214
Term
expert opinion sales forecasting
Definition
A sales forecast based on the opinions of expert people who are knowledgeable about an industry. p. 228
Term
field service firm
Definition
A firm that specializes in interviewing respondents on a subcontracted basis. p. 216
Term
focus group
Definition
Seven to ten people who participate in a group discussion led by a moderator. p. 208
Term
frame error
Definition
An error that occurs when a sample drawn from a population differs from the target population. p. 215
Term
group dynamics
Definition
Group interaction essential to the success of focus-group research. p. 208
Term
InfoScan
Definition
A scanner-based sales-tracking service for the consumer packaged-goods industry. p. 225
Term
jury of executive opinion sales forecast
Definition
A sales forecast based on the opinion of a combined group of the firm’s executives. p. 228
Term
mall intercept interview
Definition
A survey research method that involves interviewing people in the common areas of shopping malls. p. 206
Term
management decision problem
Definition
A broad-based problem that requires marketing research in order for managers to take proper actions. p. 202
Term
market aggregation sales forecasting
Definition
A method of forecasting that occurs when a firm looks at its market shares and sales potentials across the various market segments and adds them together to make a total sales estimate. p. 228
Term
market share sales forecasting
Definition
A method of forecasting that derives a sales estimate based on a firm’s long term-market share in relation to the total industry sales potential. p. 228
Term
marketing information
Definition
Everyday information about developments in the marketing environment that managers use to prepare and adjust marketing plans. p. 196
Term
marketing research
Definition
The process of planning, collecting, and analyzing data relevant to a marketing decision. p. 197
Term
marketing research aggregator
Definition
A company that acquires, catalogues, reformats, segments, and resells reports already published by marketing research firms. p. 203
Term
marketing research objective
Definition
The specific information needed to solve a marketing research problem; the objective should be to provide insightful decision-making information. p. 201
Term
marketing research problem
Definition
Determining what information is needed and how that information can be obtained efficiently and effectively. p. 201
Term
measurement error
Definition
An error that occurs when there is a difference between the information desired by the researcher and the information provided by the measurement process. p. 215
Term
mystery shoppers
Definition
Researchers posing as customers who gather observational data about a store. p. 211
Term
nonprobability sample
Definition
Any sample in which little or no attempt is made to get a representative cross-section of the population. p. 21
Term
nonresponse error
Definition
An error that occurs when the sample that responds is different from the sample that was selected. p. 215
Term
observation research
Definition
A research method that relies on three types of observation: people watching people, people watching an activity, and machines watching people. p. 211
Term
open-ended question
Definition
An interview question that encourages an answer phrased in the respondent’s own words. p. 209
Term
outside expert sales forecast
Definition
A sales forecast based on the opinions of expert people who follow an industry closely and report on it. p. 228
Term
primary data
Definition
Information collected for the first time. Can be used for solving the particular problem under investigation. p. 205
Term
probability sample
Definition
A sample in which every element in the population has a known statistical likelihood of being selected. p. 214
Term
random error
Definition
An error that occurs when the selected sample is an imperfect representation of the overall population. p. 216
Term
random sample
Definition
A sample arranged in such a way that every element of the population has an equal chance of being selected as part of the sample. p. 214
Term
research design
Definition
Specifies which research questions must be answered, how and when the data will be gathered, and how the data will be analyzed. p. 205
Term
research-based sales forecasting methods
Definition
Research methods that use primary data as the basis of their sales forecasting information. p. 229
Term
sales force survey
Definition
A sales forecast based on the combined estimates of sales provided by a firm’s sales force. p. 228
Term
sales forecasts
Definition
An estimate of a firm’s sales for a specific product or service to a specific market over a specific period of time. p. 227
Term
sample
Definition
A subset from a large population. p. 214
Term
sampling error
Definition
An error that occurs when a sample somehow does not represent the target population. p. 215
Term
scaled-response question
Definition
A closed-ended question designed to measure the intensity of a respondent’s answer. p. 209
Term
scanner-based research
Definition
A system for gathering information from a single group of respondents by continuously monitoring the advertising, promotion, and pricing they are exposed to and the things they buy. p. 225
Term
secondary data
Definition
Data previously collected for any purpose other than the one at hand. p. 202
Term
simulation sales forecasting
Definition
Building and using a computer simulation model of a company and its industry to estimate future sales. p. 229
Term
survey research
Definition
The most popular technique for gathering primary data; a researcher interacts with people to obtain facts, opinions, and attitudes. p. 206
Term
test market sales forecasting
Definition
Occurs when a firm introduces some new aspect of its marketing strategy into a limited market to gauge the behavioural response of customers. p. 229
Term
time series analysis forecasting
Definition
Estimating future sales while accounting for changes in key economic variables over time. p. 227
Term
trend analysis forecasting
Definition
Estimating future sales based on past sales. p. 227
Term
universe
Definition
The population from which a sample will be drawn. p. 214
Term
Web community
Definition
A carefully selected group of consumers who agree to participate in an ongoing dialogue with a particular corporation. p. 222
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