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Marketing Research Study Guide

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Marketing Research test 2
Chapter 3

Secondary Data:
-Data not gathered for the immediate study at hand.
- Primary reason is to save time and money -Internal Secondary Data: -External Secondary Data -Sales Invoice -Periodicals -Accounts Receivable -Statistical Sources -Reports -Government Documents -Warranty Cards -Consumer Panels -Customer Letters -Past Research Results -Current Databases

Literature Review:
-Comprehensive examination of secondary info related to your research topic.
-Provides background and contextual information
-reveals whether info already exists
-clarifies research problem and questions

Syndicated Data
-market research data that is collected, packaged and sold to different firms. -3 Common Methods:
-Consumer Panels: large samples of households agree to provide data for an extended amount of time
-Store Audits: formal examination and verification of how much a product or brand has been sold at the retail level
-Optical Scanner Technology: point of purchase data is collected

Hypotheses: suggests a relationship between variables
2 Types of Hypotheses: 1. Descriptive: Possible answer to specific business problems.
3 steps: 1. Review Research Problems 2. Write Down Questions 3. Brainstorm possible answers 2. Causal: theoretical statements about relationships between variables. Help businesses understand how to make changes.
-What are the Relationships between variables? -Positive Relationship: 2 variables increase or decrease together -Negative Relationship: one increases as the other decreases.

-Null Hypotheses: states no relationship between variables. -Accepted: no relationship -Rejected: we find support for alternative hypotheses.
-Alternative Hypotheses: there is a relationship between variables.

Conceptualization: when one or more research

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