Course review

4.4 Market research

Review each learning objective in this topic, then open its concept explanation or question set.

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Learning objective

4.4.1—Purpose and process of market research

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• Evaluate why and how organizations carry out market research • Market research reduces uncertainty and supports marketing decisions

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Learning objective

4.4.2—Primary market research

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• Apply surveys, interviews, focus groups, and observations • Primary research collects new data for a specific business purpose

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Learning objective

4.4.3—Secondary market research

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• Apply market analyses, academic journals, government publications, media articles, and online content • Secondary research uses existing data from internal or external sources

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Learning objective

4.4.4—Qualitative and quantitative research

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• Distinguish qualitative and quantitative research • Qualitative research explores opinions and reasons; quantitative research measures numerical patterns

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Learning objective

4.4.5—Sampling methods

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• Apply quota, random, and convenience sampling • Sampling method affects representativeness, cost, speed, and bias

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