65 free test bank for modern marketing research 2nd

65 Free Test Bank for Modern Marketing Research 2nd Edition by Feinberg Mutiple Choice Questions Conclusive research is meant to provide information to help the decision-maker a.evaluate and select a specific course of action from among the options previously identified b.select the correct sampling procedure c.identify the information needs based on the research objectives d.clarify the problem or opportunity being faced If a product’s share of the market is below the forecasted share, then this would be an example of a(n) a.problem b.opportunity c.symptom d.both a and b The process of marketing research involves five steps designed to aid managerial decision-making After determining what information is needed, the next step would be to a.manage the data collection b.design a method for collecting information c.communicate the findings d.analyze and interpret the results During which step in the research process would a large proportion of the research budget be spent and a sizeable proportion of the “total error” be incurred? a.designing the data collection procedure b.collecting data c.processing and coding data d.analyzing data Situations where performance can be improved by a change in activities are a.symptoms b.performance measures c.opportunities d.information needs Often decision-makers can identify gaps in the original list of research needs by a.visualizing the research findings b.developing concrete objectives c.selecting the correct sample d.specifying the information needs When visualizing the research findings, the data chosen for presentation in the mock-up should represent all of the following possible results except a.optimistic b.pessimistic c.collected data d.most likely Dependent variables are a.predictors of a phenomenon b.covariates or causes of a phenomenon c.used to explain independent variables d.phenomena one seeks to explain An example of a problem would be a.market share has declined by percent since last year b.brand awareness has declined by percent c.the advertising campaigns used over the last year have been less effective d.all of the above A centralized marketing research department offers all of the following advantages except a.researchers are “are close to the action” of marketing problems and implementation of their recommendations b.more economical and flexible use of facilities and personnel c.greater institutional prestige and credibility to marketing research d.greater likelihood of attracting top-notch researchers and securing an adequate budget Mocked-up data used to visualize the results of a study will tend to lack uncooperative features present in real-world data such as all of the following except a.missing fields b.insufficient sample size c.miscodes d.self-selection bias Typical motives for “pseudo-research” include all of the following except a.using marketing research as a way to gain visibility and power in the organization b.informing a decision among several possible courses of action c.establishing a scapegoat for marketing decisions that not accomplish objectives d.promoting service organizations such as advertising agencies and media to attract new business and impress current clients Contribution margin is a.selling price minus variable costs b.selling price minus fixed costs c.selling price minus variable and fixed costs d.profit per unit divided by variable costs An example of a situational analysis would be an analysis of a.desired product features b.demand c.the firm’s advertising program d.the best price Decision criteria are rules for a.choosing objectives, given various information needs b.choosing sampling procedures, given the size of the sample c.choosing the appropriate quantitative analysis, given the form of the collected data d.selecting among courses of action, given various data outcomes Challenges in conducting effective marketing research internationally include all of the following except a.markets in less developed countries are less likely to have good secondary data b.in some countries cultural dynamics or concerns about government surveillance may negatively impact results c.marketing research techniques used in the United States are not applicable in other countries d.logistical dimensions of implementing marketing research are complex and, therefore, tend to cost more The sum of all errors that may occur in the research process over and above the sampling error is called a.measurement error b.population error c.non-sampling error d.systematic bias It is easier to justify the cost of research as the market size _ and as the ratio of variable costs to selling price _ a.increases, increases b.increases, decreases c.decreases, increases d.decreases, decreases In selecting a sample for a telephone company, a researcher used the local telephone book Given that individuals with an unlisted number, individuals with cell phones, and individuals without any type of phone would not be included, this illustrates which type of non-sampling error? a.incorrect population definition b.sampling frame non-representative of the population c.non-response errors d.faulty problem definition Increasing market share by percent by next year would be an example of a(n) a.symptom b.problem c.opportunity d.decision objective All of the following are characteristics of industrial marketing research except a.difficult to find good executive interviewers b.respondent definitions are usually fairly simple c.study costs per interview are higher than for consumer research d.respondent cooperation is a major concern The difference between a sample value and the true underlying population value is called a.sampling error b.non-response error c.measurement error d.systematic error Conflicts between researchers and management is not uncommon Common attitudes among marketing researchers regarding top management include all of the following except a.required research is generally too costly b.top management is anti-intellectual c.there are too many non-researchable, “fire-fighting,” and proof-of-concept requests d.top management is generally unsympathetic to the importance of problem definition, often re-defining the problem after the research is under way _ answers the questions, “What specific information is required to attain the objectives?” a.Symptoms b.Research design c.Information needs d.Data sources The growth of marketing research activity dramatically increased after World War II because of a.increased computer technology b.mass production of goods c.the development of television d.the acceptance of the marketing concept The first step in the marketing research decision-making process is a.developing a hypothesis b.collecting relevant data c.outlining a process that can be used to collect the necessary information d.recognizing a unique marketing problem or opportunity The main criteria for marketing research includes all of the following except a.systematic b.objective c.related to the P’s d.targeted for decision-making The value or benefit of formal marketing research is typically commensurate with a.the cost of conducting the research b.the amount of time it takes c.the clarity of the decision to be made d.the ability of the research to reduce uncertainty in the decision-making process _ research is often needed to facilitate the development of the statement of problems and opportunities a.Conclusive b.Exploratory c.Pseudo- d.Causal If syndicated research companies collect data through large-scale consumer panels and track what its participants do, buy, and think, then marketing research is playing a role in a.marketing b.the firm c.the marketing research industry d.in society In designing the sample, researchers need to clearly define all of the following except a.the questions to be asked b.the population from which the sample is to be drawn c.method used to select the sample d.the sample size An example of an opportunity would be a.an ad campaign was not as effective as forecasted b.a hotel experiences a decline in revenues c.a competitor has more effective advertising d.consumer preferences for snack foods shifted to products free of wheat gluten Variables directly under the control of management that lead the organization’s performance to fall short of objectives are a.symptoms b.problems c.opportunities d.information needs The formal beginning of marketing research was a.in 1900 b.between 1910-1920 c.between 1925-1940 d.in the 1950s Elements of the marketing mix, such as pricing and ad spending, are viewed as decision variables that the firm can use to steer the market Therefore, in developing a model these decision variables would be considered a.independent variables b.dependent variables c.connecting variables d.statistical variables All of the following are types of non-sampling errors except a.faulty problem definition b.incorrect population definition c.sampling frame is not representative of the population d.small sample size The objective “to study consumer reactions to cartoon characters in advertising” is insufficient for all of the following reasons except a.it does not indicate what type of market will be studied b.it does not indicate what is to be measured c.it does not indicate the cost of the study d.it does not indicate how the information will be used In the marketing management process, essential sets of information required for planning include all of the following except a.marketing mix variables b.situational variables c.marketing mix variables d.performance variables Syndicated data sources a.solve client-specific problems b.collect data and then sell these data on a subscription basis c.provide specific services, such as field interviewing or data analysis d.undertake complete research studies for client organizations Obstacles (or barriers) to the effective use of marketing research by management include all of the following except a.viewing research as a threat to their personal status as decision makers b.inability to work with researchers or use their knowledge and skills c.insistence on considering experience and personal judgment in decision process d.differences in emphasis and temperament 25 Free Test Bank for Modern Marketing Research 2nd Edition by Feinberg True - False Questions Research objectives answer the question, “Why is the project being conducted?” True False Exploratory research can be helpful in identifying innovative courses of action True False In practice, decision-making rarely relies wholly on an input-output framework of marketing research and formal statistical models, but combines them with managers’ experience, judgment, and intuition True False It is rather easy to calculate the benefits of a research project, but calculating costs is much more difficult True False Because of their role in collecting, analyzing, and reporting data, marketing researchers are often asked to make managerial decisions 1 True False The criteria that research be systematic means that researchers strive to be unbiased and impartial in conducting their research True False Exploratory research can be used as an aid in defining the decision a manager must make and developing hypotheses True False The decision-maker, who has a clear perspective on the specific information needed to reduce the uncertainty surrounding the decision situation, should be actively involved in formulating the information needs for a research project True False Despite major differences in consumer and industrial marketing research, the underlying methods and skills are nearly identical True False Dependent variables are inputs or causes used to explain a particular phenomenon True False Non-sampling errors tend to decrease as the sample size increases while sampling errors tend to increase as the sample size increases 1 True False During the 1930s, sampling became a serious methodological issue in marketing research True False Not only are research objectives rarely relayed to the marketing researcher at the outset of a research project, but decision-makers seldom formulate objectives accurately True False A systematic approach to researching the information needs of marketing management facilitates good organizational planning in developing objectives, allocating marketing resources, and auditing performance True False Researchers must develop a data-collection procedure that establishes an effective link between the information needs and the questions to be asked or the observations to be made True False The purpose of marketing research is to gather information that will improve managerial decisions True False In identifying alternative courses of action, “doing nothing” or “status quo” is not a feasible alternative True False The main disadvantage of the integrated structure of a marketing research department is the isolation of researchers from day-to-day activities and problems and the difficulty of finding qualified people True False The process of identifying problems and opportunities involves analyzing future situations that a firm will face; the past is a sunk cost because it can no longer be changed True False One of the steps in the research process is to process and code data Coding involves reviewing the data forms as to legibility, consistency, and completeness True False As a general rule, frequently purchased consumer goods can support more expensive marketing research than can high-cost durable goods True False Problems are performance measures, metrics, and diagnostics that signal the presence of an opportunity True False Research suppliers can be used to conduct components of a research study, but they are never given total responsibility for a research study in its entirety True False Good horizontal relationships (teaming of researchers with product managers) are more important than vertical ones (e.g., reporting to the senior marketing executive) True False Decisions must aim at solving problems or taking advantage of opportunities, not at treating symptoms True False ... methodological issue in marketing research True False Not only are research objectives rarely relayed to the marketing researcher at the outset of a research project, but decision-makers seldom formulate objectives... Bank for Modern Marketing Research 2nd Edition by Feinberg True - False Questions Research objectives answer the question, “Why is the project being conducted?” True False Exploratory research. .. questions, “What specific information is required to attain the objectives?” a.Symptoms b .Research design c.Information needs d.Data sources The growth of marketing research activity dramatically