section 29.1 marketing research chapter 29 conducting marketing research section 29.2 the marketing...
TRANSCRIPT
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Section 29.1Marketing Research
Chapter 29conducting marketingresearch
Section 29.2The Marketing Survey
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REFLECT What research do you do when you are planning to buy a new product?
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• Explain the steps in designing and conducting marketing research.
• Compare primary and secondary data.
• Collect and interpret marketing information.
• Identify the elements in a marketing research report.
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Marketing Research
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Marketing research provides insight for
developing strategies that will increase sales
and profits.
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• problem definition
• primary data
• secondary data
• survey method
• sample
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• observation method
• point-of-sale research
• experimental method
• data analysis
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Marketing Research
The Marketing Research ProcessS
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Marketing Research
The Marketing Research ProcessS
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Defining the Problem
Obtaining DataAnalyzing the
Data
Recommending Solutions to the
Problem
Applying the Results
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Defining the Problem
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Problem definition problem definitionOccurs when a business clearly identifies a problem and what is needed to solve it.
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Obtaining Data
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Primary data primary dataData obtained for the first time and used specifically for the particular problem or issue under study.
Secondary data
secondary dataData already collected for some purpose other than the current study.
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Data Sources
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Data Sources
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Obtaining Data
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Primary data
survey methodA research technique in which information is gathered from people through the use of surveys and questionnaires.
Secondary data
samplePart of a target population that represents the entire population.
The survey method uses a sample of the population.
The larger the sample, the more accurate are the results.
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Obtaining Data
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Primary data
observation methodA research technique in which the actions of people are watched and recorded, either by cameras or by observers.
Secondary data
point-of-sale researchPowerful form of research that combines natural observation with personal interviews to explain buying behavior.
The observation method uses point-of-sale research.
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Obtaining Data
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Primary data
experimental methodA research technique in which a researcher observes the results of changing one or more marketing variables while keeping all the other variables constant under controlled conditions.
Secondary data
The experimental method is used less often than other methods.
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Advantages and Disadvantages of Secondary Data
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Advantages and Disadvantages of Secondary Data
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Sources of Primary Data
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Sources of Primary Data
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Analyzing theData
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Data analysis
data analysisThe process of compiling, analyzing, and interpreting the results of primary and secondary data collection.
Data mining
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Recommending Solutions to the
Problem
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Conclusions are presented in a report.
Recommendations must be clear and well supported by research.
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Applying theResults
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Additional research may be required.
Changes should be monitored carefully.
Success will be reflected in higher profits.
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Steps of the Marketing Research Process and
Details of Each
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Steps of the Marketing Research Process and
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Marketing Research
Name four sources of secondary data information for research studies.
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Answers may include any four of the following: a business’s marketing information system, Internet resources, government sources, specialized research companies, business publications, and trade organizations.
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Marketing Research
Identify the three methods used to collect primary data.
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The three methods of collecting primary data are the survey method, the observation method, and the experimental method.
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Marketing Research
Explain the difference between survey research and observation research.
Section 29.1
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The survey method gathers information through surveys or questionnaires. The observation method collects data by observing people.
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