Market research | | could also be geographical; for example postcodes have become a well-used means of selecting a sample. |
Micro forecasting | | It is possible to buy intelligence information from |
Convenience Sampling | | In some circumstances, businesses often need to undertake specific studies to support their marketing strategy |
Cluster Sampling | | This is often the case in smaller businesses. Here, marketing staff do the research themselves. Sample sizes tend to be small |
Outside suppliers | | covers the method of selection, the sample structure and plans for analyzing and interpreting the results. |
Marketin intelligence | | can also be used to measure customer attitudes, satisfaction, commitment and a range of other useful market data that can tracked over time. |
Qualitative research | | They collect data at one point in time from one sample of respondents. |
Focus group | | are formed by recruiting large numbers of households who provide information on their buying over time |
Sample design | | interview the same sample of people, repeatedly |
Market Demand | | Uses those who are willing to volunteer |
Qualitative research | | is about investigating the features of a market through in-depth research that explores the background and context for decision making. |
Quantitative research | | To undertake marketing effectively, businesses need |
Personally | | is a more conservative estimate of the expected volume of sales. |
Depth interviewing | | For any sample design deciding upon the appropriate_____ ______ will depend on several key factors |
Continuous studies | | are the mainstay of consumer research |
Consumer panels | | can also include techniques such as usability testing, brainstorming sessions and "vox pop" surveys. |
Information | | Units in the population can often be found in certain geographic groups |
Internal company information | | is concerned with forecasting markets in total. |
Sales budget | | E.g. sales, orders, customer profiles, stocks, customer service reports etc |
Quantitative research | | Here an interviewer spends time in a one-on-one interview finding out about the customer's particular circumstances and their individual opinions |
Macro forecasting | | is about measuring a market and quantifying that measurement with data. |
Group discussions | | is the company’s share of market demand. |
Ad-oc | | This can be information gathered from many sources, including suppliers, customers, and distributors. |
Sample size | | This is about determining a product’s market share in a particular industry and considering what will happen to that market share in the future. |
Sampling frame | | is the total volume that would be bought by a defined customer group, in a defined geographical area, |
Company demand | | are rare in business markets, unless the customers are small businesses. |