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Essay on Mkt Research

Decent Essays

Assessment activity 1
1.1 In conducting research on behalf of your organization or for a client organization, what factors could influence the choice of sources used?
The intention of the research and also the types of products and services.
1.2 Why can data and information cross-checks and cross-references be necessary when doing research?
It is important not to rely on a single piece of information if you can avoid it, so also look for corroborating evidence unless the source is absolutely unimpeachable. Use reliable sources or cross-check and find supporting data wherever possible.
Knowing how data was obtained is central to knowing its value. If the information comes from a survey look to find the sample source and size. …show more content…

The mean (average-obtained from adding all variables and dividing by the number of variables used), median (variable at the centre of the range) and mode (most frequently occurring variables are measures of central tendency). They serve to identify the points between the extremes. As an example, if a survey asked users of a certain product their age, measures of central tendency help to determine the typical age of the user. The youngest might be 10 years and the oldest 70. However, the values in between these extremes are the most useful for the marketer. Knowing that the mean (or average) age is 32, the median 34 and the mode 31, 32 and 35, indicate that typical age of a user is early thirties.

Assessment activity 6
Complete the following table Method for collecting your data | Circumstance for choosing this method | Reason for choosing this method | Telephone survey | Large number of responses to a small number of questions required in a short period of time. | Efficiency and low cost per response. Responses can be qualified if necessary and data entry is immediate. | Focus group | Effective when qualitative data is required. Can be expensive but can provide effective results. | Effective results and efficient scribe. | Formal questionnaires | Inexpensive way to gather responses from a large number of respondents. | Effectively and can gather information to correlate performance and satisfaction among different groups of users. | Simple

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