Marketing research | The development, interpretation, and communication of decision-oriented information to be used in the strategic marketing process.
|
|
|
|
Marketing information system (MkIS) | An ongoing, organized procedure to generate, analyze, disseminate, store, and retrieve information for use in making marketing decisions.
|
|
|
|
Decision support system (DSS) | A procedure that allows a manager to interact with data using various methods of analysis to integrate, analyze, and interpret information.
|
|
|
|
Database | A set of related data that are organized, stored, and updated in a computer.
|
|
|
|
Data warehouse | A collection of data from a variety of internal and external sources, compiled by a firm for use in conducting transactions.
|
|
|
|
Data mining | Method used to identify patterns and meaningful relationships in masses of data that would be overlooked or unrecognizable to researchers.
|
|
|
|
Retail scanners | The electronic devices at retail checkouts that read the bar code on each item.
|
|
|
|
Single-source data | A data-gathering method in which exposure to television advertising and product purchases can be traced to individual households.
|
|
|
|
Radio Frequency Identification (RFID) | An alternative to barcoding that involves placing a tag in or on an object that emits a signal that can be read and interpreted by a receiver.
|
|
|
|
Situation analysis | The act of gathering and studying information pertaining to one or more specified aspects of an organization. Alternatively, a background investigation that helps in refining a research problem.
|
|
|
|
Hypothesis | A tentative supposition that, if proven, would suggest a possible solution to a problem.
|
|
|
|
Informal investigation | The stage in a marketing research study at which preliminary, readily available data are gathered from relevant people inside and outside the company-middlemen, competitors, advertising agencies, and consumers.
|
|
|
|
Primary data | New data gathered specifically for the project at hand.
|
|
|
|
Secondary data | Available data, already gathered for some other purpose.
|
|
|
|
Observation method | A method of gathering primary data by observing the actions of a person without direct interaction.
|
|
|
|
Cookie | An inactive data file placed on a computer's hard drive after the user connects to a particular website; used to record the visitor's activities while connected to the site.
|
|
|
|
Survey | A method of gathering primary data by interviewing people in person, by telephone, by mail, or via the Internet.
|
|
|
|
Face-to-face interview | A face-to-face method of gathering data in a survey.
|
|
|
|
Focus group | A preliminary data gathering method involving an interactive interview of 6 to 12 people.
|
|
|
|
Telephone survey | A method of gathering data by interviewing people over the telephone.
|
|
|
|
Mail survey | A method of gathering data by mailing a questionnaire to potential respondents and asking them to complete it and return it by mail.
|
|
|
|
Internet survey | A method of gathering data by posting questionnaires on a firm's website or by e-mailing them to a sample of individuals.
|
|
|
|
Experiment | A method of gathering primary data in which the researcher measures the results of changing one variable in a situation while holding all others constant.
|
|
|
|
Test marketing | A method of demand forecasting in which a firm markets its new product in a limited geographic area, measures the sales, and then- from this sample-projects the company's sales over a larger area. Alternatively, a marketing research technique that uses this same approach to judge consumers' responses to a strategy before committing to a major marketing effort.
|
|
|
|
Competitive intelligence | The process of gathering and analyzing publicly available information about the activities and plans of competitors.
|