79. The use of big data has brought about little change in the way companies conduct marketing research.
80. A marketing information system allows marketers to store data, classify and analyze that data, and retrieve it
easily when needed.
81. Observation is a useful technique to collect primary data for marketers trying to understand how consumers
behave in certain situations.
82. The choice between secondary and primary data is tied to cost, applicability, and effectiveness.
Indicate the answer choice that best completes the statement or answers the question.
83. As part of his marketing research duties, Neal evaluates the expenses incurred by his company for selling,
warehousing, advertising, and delivering the products. Neal is engaging in:
exploratory sales review.
business process reengineering.
84. Emeril works for a local sports bar known for its chicken wings and nachos. For the last five years, the
company has continued to grow, and according to a recent trend analysis, sales have risen by increments of
about $530,000 annually since the restaurant opened its doors. Surprisingly, however, the restaurant has seen a
decline in patronage over the last quarter, and Emeril has been tasked with identifying the root cause of this
sudden decline in sales.
Emeril has never conducted exploratory research, so you have decided to help him. One of the first lessons you
share with him is to be careful about confusing the symptoms of a problem with the problem itself. After you
conduct a series of interviews with waitstaff, customers, distributors, and other stakeholders, you help Emeril
come up with possible explanations for the decline in sales. Which of the following is a possible cause of the
problem at the restaurant?
The restaurant manager laid off five busboys because business is slow.
The restaurant’s sales declined from $200,000 a day to $80,000 a day.
The restaurant cut back on the number of weekly fresh produce deliveries.
The restaurant’s market share decreased from 7% to 4% in a matter of a few months.
The restaurant’s marketing team recently released a new billboard that many customers find
offensive.