research conducted before he made a decision that would change the total strategic
direction of his company. Mack was convinced that the future market was not for the
large, very expensive helicopters the industry had been providing the market for more
than 50 years. Rather, he envisioned a significant market of small, single-seat
helicopters that would be used by high-income business executives to commute in large
cities where commuting was becoming increasingly difficult. To be successful, Mitchell
knew that this involved much more than designing and building a small helicopter. It
also meant that buyers would have to make infrastructure changes by installing
safe-landing pads at home and at work. If he was right, Mitchell would be embarking
on a major change for the company; a change that would put the financial stability of
the company at risk. Because it was such a major decision, Mitchell wanted research to
confirm or disconfirm his decision. Remember we are assuming this situation occurred
several years ago in 2004. In 2004, Mitchell would have been hampered in deciding
which marketing research firm to hire for this important decision because:
A) there are no marketing research firms that are market segment specialists in the
demand for small, commuter helicopters.
B) the larger, more reputable marketing research firms have skills that are focused on
providing standardized information, such as syndicated data or standardized services.
C) due to the fact that there was no certification program in the marketing research
industry in 2004, it would be more difficult for Mitchell to evaluate whether or not the
individual researchers have the business knowledge and marketing expertise to conduct
an appropriate marketing research study.
D) by identifying the nature of the desired research, Mitchell would have made his
commuter-copter idea public.
E) Mitchell has not conducted enough secondary data research to enable him to
determine if the value of the research will outweigh the costs of the research.
The owner of a shoe store knows that as children increase in age, their shoe size tends
to get larger. This is an example of what type of relationship?
A) causal relationship
B) duotonic relationship
C) monotonic relationship