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Published byNancy Rice Modified over 8 years ago
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WOW 9 Marketing Research
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The process of getting the marketing information needed to make sound business decisions.
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Advertising Research Focuses on the advertising message and the media – measures 2 things: Producing the desired response (buy your product) How effective the media chosen delivers the message
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Business Research Attempts to solve business problems related to long range forecasting and future economic conditions.
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Sales Forecasting Analyze the market for a product or line of products (total estimate of sales)
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Economic Forecasting Attempt to predict the general economic conditions of a city, region or entire country.
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Operations Research Looks at methods and procedures that will make a business more effective and efficient.
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Product Research Concerned with product design and acceptance, competitive products, testing of existing products, package design and product usage.
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Sales and Market Research Focuses on customer analysis, sales and market analysis, test marketing and target market characteristics.
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