You are on page 1of 1

PM

MARKETING RESEARCH  Quantitative


What is research? - experimental research
-the systematic investigation into and - descriptive research
study of materials and sources in order to Step5. Identifying information type and
establish facts and reach new conclusions. sources
Marketing Research  Primary information (first hand)
 Marketing research is a function  Secondary information
under a business organization’s Step6. Determining methods
Marketing Information System(MIS)  Person-administered survey
 Marketing research is the process of  Computer-administered survey
determining the viability of a new  Self-administered survey
service or product  Hybrid survey
The Purpose and Importance of Step7. Designing data collection forms
Marketing Research  Introduction
1. Identify viable new products and  Screening
services  Core
2. Enable risk reduction  Classification
3. Identify market opportunities and - categorial response question
threats - open-end question
4. Pinpoint and anticipate market trends - matric question
or changes. Step8. Determining sample plan and size
5. Determine the level of customer Census - giving questionnaires to every
satisfaction member of the target market population.
6. Pre-test and post-test advertising Sample Size – describes how each sample
and promotional campaigns element is to be drawn from the total
7. Evaluate the results of test population.
marketing Sample Plan – how many elements of the
8. Evaluate the results of packaging, population should be used to make up the
brand name, and label testing sample.
9. Determine consumer price awareness Non Probability
and sensitivity  Convenience sampling
10. Undertake location studies  Judgement sampling
Steps in the Marketing Research Process  Referral sampling
Step1. Research need determination  Quota sampling
Step2. Problem / opportunity definition Step9. Collecting data
Step3. Establishing research objectives Step10. Analyzing data
Step4. Determining research design Step11. Preparing and presenting final
 Qualitative report
- exploratory research

You might also like