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Marketing · College

Marketing Research Basics

Market research methods, survey design, and primary versus secondary data collection.

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Define primary data in market research.
Information collected directly from original sources for a specific research purpose.
What is secondary data?
Data that already exists and was collected by someone else for another purpose.
Name three sources of secondary data.
Academic journals, government statistics, industry reports, company records, published surveys.
What is qualitative research?
Research that focuses on understanding motivations, attitudes, and reasons behind behavior through non-numerical data.
Define quantitative research.
Research that collects and analyzes numerical data to identify patterns, relationships, and test hypotheses.
What is a focus group?
A small group of people, typically 6-12, brought together to discuss a topic and provide insights on attitudes and beliefs.
What is an in-depth interview in market research?
A one-on-one conversation with an individual to explore their perspectives, experiences, and motivations in detail.
Define observational research.
A method where researchers watch and record consumer behavior, interactions, or activities in real or controlled settings.
What is a survey?
A quantitative research method using structured questionnaires to collect standardized data from a large sample.
What is population in research?
The entire group that a researcher wants to study or draw conclusions about.
Define a sample in research.
A subset of the population selected to participate in the study.
What is random sampling?
A sampling method where every member of the population has an equal chance of being selected.
Define stratified sampling.
A sampling method where the population is divided into distinct groups, and samples are drawn from each group proportionally.
What is non-probability sampling?
A sampling method where selection is based on convenience or researcher judgment rather than random selection.
What is sampling bias?
Systematic error that occurs when the sample selected is not representative of the population.

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