100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Summary

Summary IB Business & Management - Revision Poster - 4.4.2 Market Research

Rating
-
Sold
-
Pages
1
Uploaded on
10-09-2022
Written in
2021/2022

A detailed revision poster which provides a summary of the IB Business & Management subtopic 4.4.2 Market Research. The document is in a PDF format and the text is unhighlighted to allow for personalisation according to your own colour scheme for your subjects. The use of this revision poster, in addition to my complete set of revision posters for the IB Business & Management syllabus enabled me to achieve a final grade of HL7 (A*).

Show more Read less








Whoops! We can’t load your doc right now. Try again or contact support.

Document information

Uploaded on
September 10, 2022
Number of pages
1
Written in
2021/2022
Type
Summary

Content preview

4.4.2 Market Research


Ethical Considerations: • Quantitative
• structured data
• Leading questions • statistical analysis
• there should be no attempt to influence the respondents • objective conclusions
opinion • surveys and experiments
• Voluntary involvement • small amount of information from a large number of
• respondents should know that they are taking part in respondents
research • Qualitative
• Vulnerable groups • unstructured data
• researchers should be careful when conducting research • subjective conclusions
with vulnerable groups, such as children or those tho are • interviews, focus groups and observations
mentally ill • large amount of information from a smaller sample size
• Purpose of use
• information obtained should only be used for its stated
purpose
• Reporting the results
• results of market research must be reported accurately Possible
Method Example Uses

Methods of Sampling:

Bar graph To compare.
• sample - a sample is a sub-group within a population that can be
used to conduct research on, rather than researching the entire
population
• generalisability - a measure of how well research results represent
the overall population
• Methods
• Convenience
• least representative form of sampling
Histogram To display
• sample is made up of whatever people are willing to partake in
the research frequency.
• simple to carry out
• little generalisability
• unless a very large sample size is used, convenience sample is of
limited use
• very fast, little planning needed
• Random
Line To show
• everyone in the population has the same chance of being
selected to take part in the research graph changes over
• can work well if many people of the population have the same time.
view
• relatively simple
• no guarantee that the sample will be representative
• Systematic
• process of selecting every nth person from the entire list, could
improve the randomising Pictogram To display
• Cluster frequency.
• researchers break up their population into different geographic
clusters
• each cluster is visited and it is attempted to talk to the people
within that area
• data can be gathered quickly
• no guarantee that the people in the cluster represent the entire
cluster Pie chart To show
• Snowballing percentages.
• chain referral sampling
• involves people with specialised knowledge or skills
• at the end of the interview with the first respondent, they
interviewer will ask the interviewee to recommend another person
they should speak to, in order to gain further insight
• can be useful in niche markets
Scatter To show
• does leave the research open to the respondents’ personal
biases which can reduce generalisability plot correlation.
• Stratified
• break up the population into smaller groups
• people asked within the strata would be selected using random
sampling
• results are most reliable from this form of sampling
• more time consuming than quota sampling
Table To display all
• Quota
• break up the population into smaller groups data
• people asked within the strata would be selected using collected.
convenience sampling
£3.49
Get access to the full document:

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Get to know the seller
Seller avatar
jagtarataak

Also available in package deal

Thumbnail
Package deal
IB Business & Management (HL) - Topic 4 Marketing Revision Poster Bundle
-
12 2022
£ 41.88 More info

Get to know the seller

Seller avatar
jagtarataak Study with Jag
View profile
Follow You need to be logged in order to follow users or courses
Sold
0
Member since
3 year
Number of followers
0
Documents
46
Last sold
-
Study with Jag

IB, A-level, and GCSE Revision Resources. Check out my Instagram page for my Kent-based, in-person, and online tutoring services @studywithjag.

0.0

0 reviews

5
0
4
0
3
0
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these revision notes.

Didn't get what you expected? Choose another document

No problem! You can straightaway pick a different document that better suits what you're after.

Pay as you like, start learning straight away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and smashed it. It really can be that simple.”

Alisha Student

Frequently asked questions