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In order to do good market research, our first step should be finding/defining a research objective. Truth or false?
True
The three types of research are exploratory, descriptive and ____.
Causal
If a participant likes football, cats, etc. What type of information is this about someone?
Psychographics
_____ is the process of selecting units (e.g., people, ads, news orgs) from a population of interest
Sampling
_____ is how confident researchers can be that the same results would be found if a study were replicated
Confidence level
Which sampling technique is easy to do but likely to bring some bias into the sampling?
Snowball sampling
Contrived observations take place in a natural setting, without manipulating the environment. True or false?
False
For observational studies performed in public spaces, subject permission does NOT need to be granted in order for the study to be considered ethical. True or false?
True
Qualitative research answers the what, while quantitative research answers the why. True or false?
False
Which of the following is a technique used by focus group moderators to dig for deeper and more meaningful questions?
Probing questions
Each of the following is part of the role of the moderator, except _____.
Making sure to never deviate from the moderator’s guide
Which of the following is the best example of an open code for the comment: “I waited forever for someone to take out an order.”
Long wait for service
In market research, it’s always best to collect the highest sample size possible regardless of cost or timing. True or false?
False
What is market research?
Using systematic approaches to gather appropriate information to answer a question
Why do we conduct market research?
Primary purpose is to reduce risk in business decisions
If the decision is high stakes, research should be included. True or false?
True
If the cost of research method outweighs the benefits, the research is not warranted. True or false?
True
Advantage: Can be tailored to answer a specific question and focus on appropriate target market.
Primary research
Advantages: Readily available, cheap/free, easy to analyze and come to conclusions
Secondary research
Disadvantages: Time to collect, $$$, greater involvement, requires expertise
Primary research
Disadvantages: May not fit specific ?, could be outdated, quality/accuracy issues, may not be helpful for entering new markets or attracting new customers
Secondary research
AKA desk research; involves gathering and analyzing existing info that has been previously collected by the same organization
Internal secondary research
AKA market intelligence, involves gathering info from sources outside of the organization
External secondary research
What is the REAL Test?
Recent, Evidence-based, Authority, Low bias
Results are measured and can be counted
Quantitative research
Answers questions like What? How many? How much?
Quantitative research
Methodologies strive for large enough sample size so results can be projected upon a larger population
Quantitative research
Gathering of thoughts, opinions, and observations that cannot be expressed in numbers
Qualitative research
Used for exploratory research and idea generation
Qualitative research
Answers questions like Why? How?
Qualitative research
Used to give meaning behind quantitative results
Qualitative research
Results cannot be projected upon a larger population
Qualitative research
Surveys can be considered quantitative if they include open-ended questions. True or false
True
Captures the 1-2 overarching questions the client is trying to answer; declaring the purpose of conducting the research
Research objective
Help flash out overarching research objective, more detailed/tactical, NOT the ?s asked directly to research participants, should be written in 3rd person
Research questions
Conducted to clarify a question, used to discover new ideas/brainstorm solutions, often used in new product/service development when testing concepts or generating ideas
Exploratory
Describe demographics, characteristics, psychographic behaviors/opinions held by a market, consumers and other stakeholders, describe marketplace phenomena, helps answer 5 W’s 1 H
Descriptive
Determines if change in 1 variable causes change in another, variable is anything that has a quantity that varies, the IV is tested to see if it causes any effects on the DV, experiments are used to provide causality
Causal
Gathering existing data, good for when short on time and $, secondary, qualitative OR quantitative
Secondary research
Group discussion about a product, service or other topic, take time and can be $$$, primary, qualitative
Focus groups
Involves in-depth semi-structured Q&A session where someone asks participants about complex topic, take time and can be $$, primary, qualitative
Interviews
Involves observation in-person, digital or via participants’s mobile device, primary, qualitative
Ethnography
studies “user experience” with a product or service, primary, qualitative
UX
studies how consumers interact w/ a company’s “user interface”, primary, qualitative
UI
UX focuses on functionality. True or false?
True
UI focuses on layout and visual aesthetics. True or false?
True
Involves researchers secretly acting as consumers to gather data on customer experience, primary, qualitative
Mystery shopping
Involves administering a standardized set of questions to a sample of respondents from the target population, primary, quantitative
Surveys
Involves a sample of the target market testing a product at home or in a public place and then giving feedback via a follow-up survey, primary, quantitative
Central location & home use tests
Involves manipulating a variable (IV) to see the effect is caused on another variable (DV), control group and test group, primary, quantitative
Experiments
What is the goal with sampling?
To use results from a subset of the population to describe the population at large
When do we typically sample?
When it’s impossible to study the entire population!
Population
includes every member of the group of interest
Sample
a subset (select few) of the target population selected for observation
Census
studies every member of a population
Parameter
a result that describes data from everyone in the population
Statistic
a result from a sample
Population
“N”
Sample
“n”
Typical market research standard confidence level
95%
Confidence interval / margin of error
indicates how much a statistic can fluctuate when using it to describe true population
Typical market research standard confidence interval
-5/+5%
The confidence level tells us our confidence that:
our population estimate lies within the confidence interval
Incidence rate
% of those in the population who possess the characteristics that make them eligible for the study
Non-probability sampling do not rely on random sampling of the target population. True or false?
True
Sample is derived from those the researcher has the easiest access to (friends, fam, colleagues)
Convenience
Selects people with specialized knowledge/expertise regarding a certain topic
Expert
People are selected based on pre-specified characteristics (50 female/50 male)
Quota
Research participants themselves recruit other members to participate in the study
Snowball
Advantage: Easier to deploy, useful when population is difficult to reach or extremely small
Non-probability sampling
Disadvantage: Cannot project findings to the entire target population, cannot calculate confidence levels or margins of error
Non-probability sampling
Probability sampling uses random selection so members of a population have equal probabilities of being chosen. True or false?
True
3 types of Probability Sampling
Simple random, stratified random, systematic
A completely random method of selecting subjects, each person = chance to be in, random # generator can be used to select participants
Simple random sampling
Divides target pop into separate groups called strata (age, gender, geog), then simple random sampling used within each group
Stratified random sampling
The key difference from quota sampling is that stratified sampling uses groups that are disproportionate to the population and doesn’t use random selection w/in groups. True or false?
False
Sample members are selected according to a random starting pt and a fixed periodic interval (every nth person from a list)
Systematic random sampling
Ethnographic market research studies:
trends, lifestyles, habits, attitudes and social influences w/in consumer markets; examining how consumers interact/react to products, concepts and services in real-world setting
Observation studies involve:
observing customers interacting w/ a product, service or venue
Can observational studies be quantitative?
Yes, when large samples of a population’s behaviors are monitored. But most are qualitative.
When subjects of an experimental or observational study change or improve their behavior bc it’s being evaluated or studied
The Hawthorne effect
Observation that occurs when a researcher deliberately creates/controls an environment
Contrived observation
Observation that occurs when a researcher observes in a natural setting, without manipulating the environment
Direct observation
Uses equipment to track participants’ physiological reactions when responding to stimuli (ex. eye tracking)
Biometric technology
The visual element that attracts the greatest amount of initial attention
First fixation
The amount of time that has elapsed from the start of visual processing until a specific element is viewed
Time to first fixation
The amount of time spent looking at individual elements of an ad
Gaze time
Uses Wi-Fi and cell phone technology to gather info from a consumers’ phones and apps
Passive tracking
Participants may provide vlogs, pictures or essays detailing their feelings, opinions and reactions
Virtual and mobile ethnography
Participants use a website or hard-copy booklet to track their experience
Diaries
The study of online communities and social interactions to gain insight into consumers in the digital space
Netnography
A researcher covertly poses as a consumer to collect data on how well processes and procedures are followed, including customer service protocol
Mystery Shopping
Typically 5-12 participants in a focus group. True or false?
True
Involves breaking qualitative data into small pieces and labeling what each piece is about
Open coding; 2-5 words, describe don’t explain!