100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Test Bank For Exploring Marketing Research, 10th Edition Chapter 1-25 $10.98   Add to cart

Exam (elaborations)

Test Bank For Exploring Marketing Research, 10th Edition Chapter 1-25

 14 views  0 purchase
  • Course
  • Institution
  • Book

Test Bank For Exploring Marketing Research, 10th Edition Chapter 1-25

Preview 4 out of 586  pages

  • July 6, 2022
  • 586
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers
avatar-seller
TEST BANK FOR
Exploring Marketing Research, 10th Edition Chapter 1-25




Chapter 1—The Role of Marketing Research


TRUE/FALSE


1. Marketing research attempts to provide accurate information in order to reduce uncertainty in
decision-making.


ANS: T PTS: 1 REF: p. 5
NAT: AACSB: Reflective Thinking


2. Marketing research is more than conducting surveys.


ANS: T PTS: 1 REF: p. 5
NAT: AACSB: Reflective Thinking


3. The term “research” means “to search again.”


ANS: T PTS: 1 REF: p. 6
NAT: AACSB: Reflective Thinking


4. A marketing researcher needs to be objective in order to provide accurate information.


ANS: T PTS: 1 REF: p. 6
NAT: AACSB: Reflective Thinking

,5. Marketing research is restricted to the promotion aspect of the marketing mix.


ANS: F
Marketing research is relevant to all aspects of the marketing mix: product, pricing, promotion,
and distribution.


PTS: 1 REF: p. 6 NAT: AACSB: Reflective Thinking


6. Marketing research is restricted to for-profit organizations and should not be used by non-profit
organizations.


ANS: F
Marketing research also includes efforts that assist nonprofit organizations that exist to satisfy
social needs.


PTS: 1 REF: p. 6 NAT: AACSB: Reflective Thinking


7. Applied marketing research is conducted to address a specific marketing decision for a specific
firm or organization.


ANS: T PTS: 1 REF: p. 7
NAT: AACSB: Reflective Thinking


8. The procedures and techniques used by applied researchers and basic researchers differ
substantially.


ANS: F
All marketing research, whether basic or applied, involves the scientific method.


PTS: 1 REF: p. 7 NAT: AACSB: Reflective Thinking

, 9. The scientific method used by researchers is essentially the same process in marketing as it is in
physics.


ANS: T PTS: 1 REF: p. 7
NAT: AACSB: Reflective Thinking


10. When ideas can be stated in researchable terms, we reach the analysis stage of the scientific
method.


ANS: F
At this point, we reach the hypothesis stage of the scientific method.


PTS: 1 REF: p. 7 NAT: AACSB: Reflective Thinking


11. Marketing research plays a more prominent role in product-oriented companies than in customer-
oriented companies.


ANS: F
A product-oriented firm prioritizes decision making in a way that emphasizes technical
superiority in the product, and marketing research may take a backseat.


PTS: 1 REF: p. 8 NAT: AACSB: Reflective Thinking


12. The marketing concept emphasizes a cross-functional approach to long-term profitability.


ANS: T PTS: 1 REF: p. 9
NAT: AACSB: Reflective Thinking


13. Keeping customers is less important that getting customers.


ANS: F

, Keeping customers is equally important as getting customers.


PTS: 1 REF: p. 11 NAT: AACSB: Reflective Thinking


14. The marketing concept and the ideas in total quality management are unrelated to one another.


ANS: F
Total quality management is a business philosophy that has much in common with the marketing
concept.


PTS: 1 REF: p. 11 NAT: AACSB: Reflective Thinking


15. Quality improvement is every employee’s job.


ANS: T PTS: 1 REF: p. 11
NAT: AACSB: Reflective Thinking


16. Marketing research can help prevent commercialization of products that are not consumer
oriented.


ANS: T PTS: 1 REF: p. 12
NAT: AACSB: Reflective Thinking


17. Developing and implementing a marketing strategy involves six stages.


ANS: F
It involves four stages.


PTS: 1 REF: p. 13 NAT: AACSB: Reflective Thinking

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller solutions. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.98. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79202 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.98
  • (0)
  Add to cart