Which of the following marketing decisions can be safely made without the benefit of
marketing research?
a. Changing the price of a best-selling product.
b. Entering a new market.
c. Determining which features should be included in a new product.
d. Determining how much product to manufacture based on forecasted demand.
e. All of the decisions above are ideally made with supporting market research.
A small fraction of marketing research is conducted to track changes in consumer
preferences.
a. True
b. False
Observation forms are generally easier to construct because
a. they need not follow a logical pattern.
b. they rely on observer judgment to determine response categories.
c. response categories need not be exhaustive.
d. the question and the way it is asked will not influence the respondent’s actions.