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Domain 1: Research Marketing Questions with Answers (100% Correct Answers)

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Domain 1: Research Marketing Questions with Answers (100% Correct Answers)

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Domain 1: Research Marketing Questions with Answers
(100% Correct Answers)

Goals Answer: Measurable targets that help a firm plan how to move

forward in the direction they want.

SWOT Analysis Answer: A situational analysis that is based on

assessing the strengths, weaknesses, opportunities, and threats that

your firm faces, either as a whole or in a specific market.

Primary Research Answer: Proprietary research that you conduct

yourself

Secondary Research Answer: Research that comes from a source that is

different from the original source of the information

Quantitative Research Answer: Research of measurable properties and

their relationships

Qualitative Research Answer: Research aimed at gathering an in-depth

understanding of behavior and the reasons behind it

Exploratory Research Answer: Research the explores possibilities and

discovers new data, often through qualitative data

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Confirmatory Research Answer: Research designed to narrow down a

list of opinions and figure out which is right, typically using hard data.

Hypothesis Answer: A general or specific conjecture, typically based

on experience and working knowledge, used to guide research and/or

accepted as a highly probably outcome until proven otherwise

Evidence-Based Marketing Answer: A tool that allows one to gather

information from prospective clients and use it to develop a niche-

specific campaign for one's firm.

Ethics Answer: Values and principles that inform the standards of

conduct that marketers must follow when conducting research

Utility Answer: Approach to ethics that favors the opinion that will

bring the greatest net benefit to society as a whole

Justice Answer: Approach to ethics that emphasizes fairness - an equal

distribution of the costs and benefits among those affected by a

decision.

Rights Answer: Approach to ethics where emphasis is placed on

individual welfare rather than the consequences of a decision



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