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Types of Market Research
Chapter 28 Section 2
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Types of Market Research
Quantitative research – answers questions that start with “how many” or “how much.” Surveys and questionnaires Qualitative research – focuses on smaller numbers of people (less than 100) and tries to answer questions about “why” or “how.” interviews
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Attitude Research Attitude research – designed to obtain info on how people feel about certain products, services, companies, or ideas Satisfaction surveys, opinion polls
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Market Intelligence Market intelligence – concerned with the size and location of a market, the competition, and the segmentation within the market for a particular product/service Often done before new product launch
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Media Research Media research – focuses on issues of media effectiveness, selection frequency, and ratings
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Product Research Product research – centers on evaluating product design, package design, product usage, and consumer acceptance of new and existing products
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