1. Which question isn't collecting qualitative data?
Answer: B. Do you like chocolate or vanilla, yes or no?
Explanation: That question is not collecting qualitative data. This is a quantitative question, as it requires a yes or no answer.
2. The group of people who represent the target market and are taking part in a research study is ……
Answer: A. Interviewees
Explanation: Interviewees are those who are taking part in a research study and answer questions from the researcher to gain an understanding of the target market.
3. All the following are advantages of a survey EXCEPT
Answer: B. Data collected is always honest and reliable
Explanation: This is not necessarily an advantage of a survey as respondents may not provide honest answers or the data may be unreliable due to inaccurate responses.
4. Which of the following questions is market research not likely to find an answer to?
Answer: D. Which method of production should I use?
Explanation: Market research is focused on understanding customer needs and analyzing customer behavior, not determining an internal business strategy such as the best method of production.
5. Which of the following is an example of a primary data source
Answer: C. survey
Explanation: Primary data sources refer to data that is collected directly from its source. In this case, the data would be gathered through surveys given to a group of people.
6. What is an example of validity?
Answer: B. A set of questions fully answering what the business wants to know about a target market
Explanation: Validity is the accurate and precise measurement of what a survey or test is designed to measure. A set of questions that fully answer what the business wants to know about a target market would be considered valid.
7. What is the first step in the marketing research process?
Answer: C. Defining the problem
Explanation: This involves clearly identifying and assessing the current situation in order to determine what data needs to be collected and analyzed in order to answer the research question.
8. Carolyn is planning on releasing a new product in her candy business and making a survey, What type of research is this?
Answer: D. Quantitative research.
Explanation: Quantitative research is a type of research that collects data in numerical form and then uses statistical analysis to draw conclusions about that data. In this case, Carolyn is using a survey to collect data which she can then analyze to understand how successful her new product will be.
9. In market research, a sample is defined as………
Answer: A. A group selected from all the potential product consumers
Step-by-step explanation: In market research, a sample is defined as a subset of a population that is chosen to represent the entire population in order to study it. A sample can be used to measure and better understand the opinions, behaviors, and characteristics of the entire population.
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