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Basic Marketing, 10th Canadian Edition
Basic Marketing: A Global Managerial Approach, 10/e
Stanley J. Shapiro
Kenneth B. Wong, Queens School of Business
William D. Perreault, University of North Carolina
E. Jerome McCarthy, Michigan State University

Using Marketing Information to Make Better Decisions

Below are the key terms featured in this chapter. Clicking on a term will reveal its definition. The textbook's full glossary is also available for online searching.
 
Confidence intervals  The range on either side of an estimate from a sample that is likely to contain the true value for the whole population.
(See Refer to page(s) 124)
Consumer panel  A group of consumers who provide information on a continuing basis.
(See Refer to page(s) 120)
Decision support system (DSS)  A computer program that makes it easy for marketing managers to get and use information as they are making decisions.
(See Refer to page(s) 98)
Experimental method  A research approach in which researchers compare the responses of two or more groups that are similar except on the characteristic being tested.
(See Refer to page(s) 120)
Focus group interview  An interview of six to ten people in an informal group setting.
(See Refer to page(s) 114)
Hypotheses  Educated guesses about the relationships between things or about what will happen in the future.
(See Refer to page(s) 103)
Intranet  A system for linking computers within a company.
(See Refer to page(s) 98)
Marketing information system (MIS)  An organized way of continually gathering, accessing, and analyzing information that marketing managers need in order to make decisions.
(See Refer to page(s) 97)
Marketing model  A statement of relationships among marketing variables.
(See Refer to page(s) 99)
Marketing research  Procedures to develop and analyze new information to help marketing managers make decisions.
(See Refer to page(s) 100)
Marketing research process  A five-step application of the scientific method that includes (1) defining the problem, (2) analyzing the situation, (3) getting problem-specific data, (4) interpreting the data, and (5) solving the problem.
(See Refer to page(s) 105)
Population  In marketing research, the total group you are interested in.
(See Refer to page(s) 122)
Primary data  Information specifically collected to solve a current problem.
(See Refer to page(s) 108)
Qualitative research  Seeks in-depth, open-ended responses, not yes or no answers.
(See Refer to page(s) 114)
Quantitative research  Seeks structured responses that can be summarized in numbers (e.g., percentages, averages, or other statistics).
(See Refer to page(s) 117)
Random sampling  Each member of the research population has the same chance of being included in the sample.
(See Refer to page(s) 122)
Research proposal  A plan that specifies what marketing research information will be obtained and how.
(See Refer to page(s) 114)
Response rate  The percentage of people contacted in a research sample who complete the questionnaire.
(See Refer to page(s) 117)
Sample  A part of the relevant population.
(See Refer to page(s) 122)
Scientific method  A decision-making approach that focuses on being objective and orderly in testing ideas before accepting them.
(See Refer to page(s) 103)
Search engine  A computer program that helps a marketing manager find information that is needed.
(See Refer to page(s) 98)
Secondary data  Information that has been collected or published already.
(See Refer to page(s) 108)
Situation analysis  An informal study of what information is already available in the problem area.
(See Refer to page(s) 107)
Statistical packages  Easy-to-use computer programs that analyze data.
(See Refer to page(s) 121)
Syndicated data  Data collected by specialist firms and then sold on a shared-cost basis to companies with the same type of data needs.
(See Refer to page(s) 110)
Validity  The extent to which data measures what it is intended to measure.
(See Refer to page(s) 124)




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