Managers need information in order to introduce products and services that create
value in the mind of the customer. But the perception of value is a subjective one,
and what customers value this year may be quite different from what they value next
year. As such, the attributes that create value cannot simply be deduced from
common knowledge. Rather, data must be collected and analyzed. The goal of
marketing research is to provide the facts and direction that managers need to
make their more important marketing decisions.
Managers need information in order to introduce products and services that create
value in the mind of the customer. But the perception of value is a subjective one,
and what customers value this year may be quite different from what they value next
year. As such, the attributes that create value cannot simply be deduced from
common knowledge. Rather, data must be collected and analyzed. The goal of
marketing research is to provide the facts and direction that managers need to
make their more important marketing decisions.
Managers need information in order to introduce products and services that create
value in the mind of the customer. But the perception of value is a subjective one,
and what customers value this year may be quite different from what they value next
year. As such, the attributes that create value cannot simply be deduced from
common knowledge. Rather, data must be collected and analyzed. The goal of
marketing research is to provide the facts and direction that managers need to
make their more important marketing decisions.
Research Design is a detailed blueprint to guide a research study towards its objectives Before beginning our paper, we need to decide how we are planning to design the study. The research design refers to the overall strategy that we choose to integrate the different components of the study in a coherent and logical way, thereby, ensuring we will effectively address the research problem; it constitutes the blueprint for the collection, measurement, and analysis of data. We have to also note that our research problem determines the type of design we can use and not the other way around! Different approaches for research design Same to the answer of Q.2.
4. Difference between Nominal, Ordinal, Interval, Ratio scales?
Scales of Measurement_ Nominal, Ordinal, Interval, Ratio
5. Where will you use them?
5. Where will you use them?
6. What statistical techniques can be used in different types of scales?
5. Where will you use them?
7. Issues pertaining to designing single item scales.
Answer-- Issues in Designing Single item Scales a) b) c) d) e)
Number of scale categories 2 to infinity: Capability, format, object attribute
Types of poles: Verbal descriptors as endpoints e.g. sweet ----- not sweet Strength of anchors: extremely colourful, very colourful Labelling Balancing
8. Issues pertaining to designing multi item scales.
Likert Scales Design Issues
9. Reliability and validity in scales. What are they?
10.Principles /steps of questionnaire design.
11.Steps in designing a Marketing Research Proposal. 12.Steps in undertaking a marketing research study. 13.Qualitative research, focus groups issues. 14.Industrial Marketing Research