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MKT 3370 Exam 1 Questions with Correct Answers Latest Update 2025/2026

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MKT 3370 Exam 1 Questions with Correct Answers Latest Update 2025/2026 Marketing Research - Answers Systematic process that links an organization to its market through gathering of information. Marketing Research Application - Answers Can be applied to wide variety of problems, including the 4 Ps: Price Place Promotion Product Product decisions are varied and include the following: - Answers New product development and introduction Branding Positioning Positioning - Answers A process in which a company seeks to understand how present or possible products are perceived by consumers on relevant product attributes Perceptual Mapping - Answers a technique that is often used to picture the relative position of products on two or more dimensions important to consumers in making their choice to purchase How To Create the map - Answers ask consumers to indicate how similar or dissimilar a group of relevant brands or products are to each other. Common Types of Marketing Research - Answers Retailing Research Behavioral Research / Targeting Shopper Marketing Retailing Research - Answers Focuses on trade area analysis, store image/perception, in-store traffic patterns, and location analysis Behavioral Research / Targeting - Answers Displaying ads at one website based on a user's previous surfing behavior. AKA Behavioral targeting Shopper Marketing - Answers Marketing to consumers based on research of the entire process consumers go through when making a purchase Types of Marketing Research Firms - Answers Classified as, internal or external and custom or standardized Internal Research Providers - Answers Typically organizational units that reside within a company. I.E IBM, procter & gamble, Kraft foods, all have internal marketing research depts. External Sources - Answers Usually referred to as marketing research suppliers, perform all aspects of the research, including study design, questionnaire production, interviewing, data analysis, and report preparation. Why do many companies use external research suppliers? - Answers The suppliers can be more objective and less subject to company politics and regulations than internal suppliers Customized Research Firms - Answers provide specialized, highly tailored services to the client. Many firms concentrate their activities to one specific area such as brand-name testing. Standardized Research Firms - Answers Provide more general services. These firms follow an establish, common approach in research design, so the results of a study conducted for one client can be compared to norms from studies done for other clients. Curbstoning - Answers When the researchers trained interviewers or observers, rather than conducting interviews or observing respondents' actions as directed in the study, will complete the interviews themselves or make up "observed" respondents' behaviors. This can be used to inflate sample size. Subject Debriefing - Answers At the end of any study involving deception, subjects must be "debriefed" and the deceptions must be explained. Sugging / Frugging - Answers Claiming that a survey is for research purposes and then asking for a sale (sugging) or donation (frugging) The four phases of the information research process - Answers 1. Determine the research problem 2. Select the appropriate research design 3. Execute the research design 4. Communicate the research results Secondary Data - Answers information previously collected for some other problem or issue Primary Data - Answers Information collected specifically for a current research problem or opportunity. Two types of secondary data - Answers Internal Secondary Data and External Secondary Data Internal Secondary Data - Answers Collected by a company for accounting purposes, marketing programs, inventory management and so forth. Internal data are the most readily available and can be accessed for low or no cost. External Secondary Data - Answers collected by outside organizations such as federal and state governments, nonprofit organizations, or marketing research services. Common sources of internal secondary data: - Answers Sales invoices

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MKT 3370 Exam 1 Questions with Correct Answers Latest Update 2025/2026

Marketing Research - Answers Systematic process that links an organization to its market
through gathering of information.

Marketing Research Application - Answers Can be applied to wide variety of problems, including
the 4 Ps:

Price

Place

Promotion

Product

Product decisions are varied and include the following: - Answers New product development
and introduction

Branding

Positioning

Positioning - Answers A process in which a company seeks to understand how present or
possible products are perceived by consumers on relevant product attributes

Perceptual Mapping - Answers a technique that is often used to picture the relative position of
products on two or more dimensions important to consumers in making their choice to
purchase

How To Create the map - Answers ask consumers to indicate how similar or dissimilar a group
of relevant brands or products are to each other.

Common Types of Marketing Research - Answers Retailing Research

Behavioral Research / Targeting

Shopper Marketing

Retailing Research - Answers Focuses on trade area analysis, store image/perception, in-store
traffic patterns, and location analysis

Behavioral Research / Targeting - Answers Displaying ads at one website based on a user's
previous surfing behavior. AKA Behavioral targeting

Shopper Marketing - Answers Marketing to consumers based on research of the entire process
consumers go through when making a purchase

, Types of Marketing Research Firms - Answers Classified as, internal or external and custom or
standardized

Internal Research Providers - Answers Typically organizational units that reside within a
company. I.E IBM, procter & gamble, Kraft foods, all have internal marketing research depts.

External Sources - Answers Usually referred to as marketing research suppliers, perform all
aspects of the research, including study design, questionnaire production, interviewing, data
analysis, and report preparation.

Why do many companies use external research suppliers? - Answers The suppliers can be more
objective and less subject to company politics and regulations than internal suppliers

Customized Research Firms - Answers provide specialized, highly tailored services to the client.
Many firms concentrate their activities to one specific area such as brand-name testing.

Standardized Research Firms - Answers Provide more general services. These firms follow an
establish, common approach in research design, so the results of a study conducted for one
client can be compared to norms from studies done for other clients.

Curbstoning - Answers When the researchers trained interviewers or observers, rather than
conducting interviews or observing respondents' actions as directed in the study, will complete
the interviews themselves or make up "observed" respondents' behaviors. This can be used to
inflate sample size.

Subject Debriefing - Answers At the end of any study involving deception, subjects must be
"debriefed" and the deceptions must be explained.

Sugging / Frugging - Answers Claiming that a survey is for research purposes and then asking
for a sale (sugging) or donation (frugging)

The four phases of the information research process - Answers 1. Determine the research
problem

2. Select the appropriate research design

3. Execute the research design

4. Communicate the research results

Secondary Data - Answers information previously collected for some other problem or issue

Primary Data - Answers Information collected specifically for a current research problem or
opportunity.

Two types of secondary data - Answers Internal Secondary Data and External Secondary Data

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