Академический Документы
Профессиональный Документы
Культура Документы
1. EXPLORATORY RESEARCH
-it is used in cases where the marketer
has little or no understanding about the
research problem due to lack of proper
information.
-it follows an unstructured format and
makes use of qualitative techniques,
secondary research and expert’s
opinion.
-The core goal of exploratory research
is to equip marketers with enough
information to facilitate marketers plan
a format research design correctly.
2. DESCRIPTIVE RESEARCH
-It describes marketing problems,
situations, or markets, such as the
market potential for a product or the
demographics and attitudes of
consumers.
Descriptive research is used to find accurate
answers of questions like:
1. Who are users of my products?
2. How they are using my products?
3. What proportion of population uses my
products?
4. What is the future demand for my products?
5. Who are all my competitors?
3. CAUSAL RESEARCH
-It is used by marketers to find cause
and effect relationship of variables.
-It is also sometimes referred as “If…
Then…” method.
-It uses field and laboratory
experimentation techniques to achieve
its goals.
Here are cases where causal research can
be used:
1. What will happen to sale of my product
if I change the packaging of the product?
2. What will happen to sale of my product
if I change the design of the product?
3. What will happen to sale of my product
if I change the advertising?
Sampling involves procedures that use a small
number of items or parts of the population to
make conclusion regarding the population.
In order to design a sample, a researcher must
find answers to these questions:
1. From which base population is the sample to
be selected?
2. What is the method for sample selection?
3. What is the size of the sample?
Upon knowing who the relevant
population is established there is already
a base for the sample. This will allow the
researcher to make inferences about a
larger population.
There are two methods of selecting a
sample from a population: probability or
non-probability sampling.
PROBABILITY METHOD relies on a
random sampling of everyone within the
larger population.
Here are some types of probability
methods of sampling:
1. SIMPLE RANDOM SAMPLING- Simple
random sampling refers to any
sampling method that has the following
properties.
a. The population consists of N objects.
b. The sample consists of n objects.
c. If all possible samples of n objects are
equally likely to occur, the sampling
method is called simple random
posting.
2. STRATIFIED SAMPLING- the population
is divided into groups, based on some
characteristic. Then, within a group, a
probability sample is selected.
-In stratified sampling, the groups are
called strata.
3. Cluster Sampling- every members of
the population is assigned to one, and
only one, group.
-Each group is called a cluster.
-A sample of cluster is chosen, using a
probability method.
4. MULTISTAGE SAMPLING- a sample is
selected by using combinations of
different sampling methods.
For example, In stage 1, the researcher
might use cluster sampling to choose
clusters from a population. Then, in
Stage 2, he might use simple random
sampling to select a subset of elements
from each chosen cluster for the final
sample.
5. SYSTEMATIC RANDOM SAMPLING- with
a systematic random sampling, the
researcher creates a list of every member
of the population. From the list, he
randomly selects the first sample
elements from the first k elements on
the population. Thereafter, he selects
every kth element on the list. This
method is different from simple random
sampling since every possible sample of
n elements is not equally likely.
Non probability method is based in part
on the judgment of the researcher, and
often employs convenience samples, or
by other sampling methods that do not
rely on probability.
Here are some types of non-probability
methods of sampling:
1. VOLUNTARY SAMPLE- A voluntary
sample is made up of people who self-
select into the survey. Often, these
folks have a strong interest in the main
topic of the survey.
2. CONVENIENCE SAMPLE- a convenience
sample is made of people who are easy
to reach.
The collection of data relates to the
gathering of facts to be used in solving
the problem.
Methods of market research are
essentially methods of data collection.
There are two kinds of data:
1. SECONDARY DATA are facts and figures
that have already been recorded before
the marketing research project.
-Data that are secondary can be
collected from concerned reports,
magazines and other periodicals,
especially written articles, government
publications, company publications,
books, etc.
There are two sources of secondary data
which are the internal sources and
external sources.
INTERNAL SOURCES include data that
exists and is stored inside the
organization.
EXTERNAL SOURCES is data that is
collected by other people or
organizations from the organization’s
external environment.
2. PRIMARY DATA are facts and figures
that are newly collected for the
marketing research project.
-Data that are primary can be collected
from the original base through
empirical research by means of various
tools.
-There are many ways to collect data.
Two important methods to consider are
interviews and observation.