Of the following, which is a potential disadvantage of using a simulated test market?
A) The distribution network may or may not properly represent the firm’s actual
distribution system.
B) It is often very time consuming.
C) It is often too expensive.
D) It lacks confidentiality.
E) It is not as accurate as full-scale test markets.
Marketing research studies predicted that hair styling mousse, answering machines, the
Jerry Seinfeld TV program, Seinfeld, and other products and services would fail. Yet,
these products and services were all successful. This illustrates that marketing research:
A) always makes accurate predictions.
B) does not always make accurate predictions.
C) should not be used for consumer products or services.
D) should only be conducted on improving existing products.