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Exam (elaborations)

MKT 3413 Test 1- CH 1 (1)

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MKT 3413 Test 1- CH 1 (1)

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  • July 18, 2024
  • 12
  • 2023/2024
  • Exam (elaborations)
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MKT 3413 Test 1- CH 1
Problem-identification research involves going below the surface to identify the true
underlying problem that the marketing manager is facing. - CORRECT
ANSWER-TRUE

Problem-identification research is typically used to address pricing issues. -
CORRECT ANSWER-FALSE

Problem-identification research is the more common of the forms of research and is
undertaken by virtually all marketing firms. - CORRECT ANSWER-TRUE

According to the text, problem-solving research is typically used to assess the
environment and diagnose problems. - CORRECT ANSWER-FALSE

Research undertaken to help solve specific marketing problems is called
problem-solving research. - CORRECT ANSWER-TRUE

Market share is an example of a topic typically addressed by problem-solving
research. - CORRECT ANSWER-FALSE

Market potential is an example of a topic typically addressed by
problem-identification research. - CORRECT ANSWER-TRUE

Segmentation is an example of a topic typically addressed by problem-solving
research. - CORRECT ANSWER-TRUE

Image research is an example of a topic typically addressed by
problem-identification research. - CORRECT ANSWER-TRUE

Distribution research is an example of a topic typically addressed by
problem-identification research. - CORRECT ANSWER-FALSE

The first step in any marketing research project is to formulate the research design -
CORRECT ANSWER-FALSE

Formulating an analytical framework along with models, research questions,
hypotheses, and the information needed are included in developing an approach to
the problem. - CORRECT ANSWER-TRUE

Fieldwork or data collection is the fourth step of the marketing research process. -
CORRECT ANSWER-TRUE

, Telephone, mail, personal and electronic interviewing are forms of interviewing in the
data collection stage of the research process. - CORRECT ANSWER-TRUE

Collecting and analyzing data are steps involved in the data-processing stage. -
CORRECT ANSWER-FALSE

Promotion is considered an uncontrollable environmental factor. - CORRECT
ANSWER-FALSE

Marketing research is not concerned with factors that are not under the control of the
marketing manager - CORRECT ANSWER-FALSE

A manager has control over a competitor's pricing policy. - CORRECT
ANSWER-FALSE

Pricing, promotion, and distribution are all considered controllable marketing
variables. - CORRECT ANSWER-TRUE

Marketing research departments located within a firm are called internal suppliers. -
CORRECT ANSWER-TRUE

Marketing research should be conducted whenever a decision has to be made. -
CORRECT ANSWER-FALSE

The decision to conduct research is automatic. - CORRECT ANSWER-FALSE

Outside marketing research companies hired to supply marketing research data are
called external suppliers. - CORRECT ANSWER-TRUE

According to the text, most of the research suppliers are Fortune 500 operations. -
CORRECT ANSWER-FALSE

The services of full-service suppliers can be categorized into syndicated,
customized, and Internet services. - CORRECT ANSWER-TRUE

Companies that collect and sell common pools of data designed to serve information
needs that a number of clients share are called syndicated services. - CORRECT
ANSWER-TRUE

Focus groups represent the main method by which syndicated services collect data -
CORRECT ANSWER-FALSE

According to the text, Nielsen Holding was recognized as the largest global research
firm based on global research revenues. - CORRECT ANSWER-TRUE

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