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Exam (elaborations)

MKTG 311 EXAM 2 PART 1 ODU QUESTIONS WITH CORRECT ANSWERS

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MKTG 311 EXAM 2 PART 1 ODU QUESTIONS WITH CORRECT ANSWERS

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Marketing Research


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Scientific discovery methods applied to marketing decision making




Descriptive Research


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Research design in which the major emphasis is on explaining meaning,
describing what exists, determining the frequency with which something
occurs and categorizing information

, Goods


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Something tangible of perceived value that can be consumed and
perceived by our 5 senses
Eg: coffee, coffee maker, toothpaste, bicycle, books, etc




Target Market


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A group of people or organizations for which an organization designs,
implements, and maintains a marketing mix intended to meet the needs of
that group, resulting in mutually satisfying exchanges




Product


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is a good, service, or idea consisting of a bundle of tangible and intangible
attributes that satisfies consumers' needs and wants




Product Line


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