BUAD 210 Midterm Review| LATEST REVIEW

BUAD 210 Midterm ReviewBUAD 210 Midterm Review Chapter 1: The Role of Marketing Research COMPLETION 1. The application of the scientific method in searching for truth about marketing phenomena is known as . ANS: marketing research REF: What is Marketing Research? NAT: BUSPROG: Analytic 2. The two types of marketing research based on the specificity of its purpose are called and . ANS: basic, applied applied, basic REF: Applied and Basic Marketing Research NAT: BUSPROG: Analytic 3. Research that attempts to verify a theory but which is not intended to solve any specific business problem is known as research. ANS: basic REF: Applied and Basic Marketing Research NAT: BUSPROG: Analytic 4. Organizations conducting research in order to make a decision about a real situation faced in the marketplace are conducting research. ANS: applied REF: Applied and Basic Marketing Research NAT: BUSPROG: Analytic 5. A business with a(n) orientation recognizes that multiple parties are affected by firm decisions and selects market segments with a concern for its public persona.