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Essentials of Marketing Management
Quiz 4: Managing Marketing Information
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Question 41
Multiple Choice
Which of the following would require the use of exploratory research?
Question 42
Multiple Choice
The marketing managers of Brand Z Shoes has a clearly defined their research problem as "If we increase our promotions expenditures by what percent will it increase sales?" They have also decided that they need primary data to answer this question; _______ research would be the best approach to collecting this primary data.
Question 43
Multiple Choice
Since they were unsure of why sales were declining,marketing managers of Brand K Watches decided that exploratory research was needed,but because their situation was unique they also decided that primary data was necessary.The best approach is to use ____________ research because it is less structured and may generate unanticipated insights into the research problem.
Question 44
Multiple Choice
The marketing manager of Low Cost Retailer wants to gather descriptive research about what customers buy,when they purchase,and how often they purchase certain products.To gather this information he implements a frequent shopper program to track the purchases of participating customers.He is collecting ________ data to answer his research problems.
Question 45
Multiple Choice
XYZ Marketing Research is testing how customers react to a proposed advertising campaign for Go Fast Sports Cars.They have consumers sit in an MRI machine and monitor which areas of the brain are activated as the participants watch a series of commercials and print ads.They are using _______ to collect the data needed to solve the research problem.
Question 46
Multiple Choice
Questions such as "How big is a potential target market?" "How do we reach this potential target market?" and "How will this potential target market react to our product?" each represent ________ that must be prioritized.