Conducting marketing research should include
- defining marketing research as the marketing function linking the consumer, customer, or public to the market through information by
- determining consumers’ attitudes and preferences
- testing product features
- determining market size and growth potential
- learning about competitive products
- determining buying cycles
- understanding how the organization is perceived by the public
- differentiating between types of data (e.g., secondary vs. primary, quantitative vs. qualitative) and how each is used in marketing research
- explaining how marketing research enables the organization to make sound decisions leading to business success
- using social media communities to interact with customers, share information, or recommend products.
Process/Skill Questions:
- How is secondary data identified?
- How do marketers identify quality sources of secondary data?
- What is the difference between primary and secondary marketing research? What is an advantage of using each?
- What are the major forms of primary marketing research? How is each accomplished?
- How is marketing research similar to scientific research? How is it different?
- How do companies use marketing research to remain competitive in a global environment?
- Why should marketing research be an ongoing process?
- What are some limitations of marketing research?
Teacher Resource: DECA Business Operations Research Competitive Events