Marketing decisions

?
  • Created by: Tasha
  • Created on: 27-11-12 09:22
Define qualitative research
This type of research is subjective and attempts to find out why customers make purchasing decisions. In particular, it's concerned with custoomer behaviour, motivation, tastes and preferences.
1 of 6
Define Quantitative research
This type of research is factual and consists of 'how much' and 'how many' type questions. For example How many people shop at Asda?
2 of 6
Define random sampling
This is where names are picked randomly from a list of the whole population. This can be done by a computer.
3 of 6
Define product development
This is when a business changes/improves one of their products but it is still aimed at the same audience as it was before.
4 of 6
What is the aim of pressure groups?
Their aim is to influence the people who have the power to make decisions.
5 of 6
Define deflation
This is the opposite of inflation, it is when there is not enough demand so companies reduce their prices.
6 of 6

Other cards in this set

Card 2

Front

This type of research is factual and consists of 'how much' and 'how many' type questions. For example How many people shop at Asda?

Back

Define Quantitative research

Card 3

Front

This is where names are picked randomly from a list of the whole population. This can be done by a computer.

Back

Preview of the back of card 3

Card 4

Front

This is when a business changes/improves one of their products but it is still aimed at the same audience as it was before.

Back

Preview of the back of card 4

Card 5

Front

Their aim is to influence the people who have the power to make decisions.

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar Business resources:

See all Business resources »See all Marketing and competitive environments resources »