Defining the Marketing Research Problem and Developing an Approach

9 important questions on Defining the Marketing Research Problem and Developing an Approach

How do you call income, prices, savings, credit, and general economic conditions?

Economic environment

How do you call the problem confronting the decision-maker which asks the decision-maker needs to do?

Management decision problem

How do you call the initial statement of the marketing research problem that provides a proper perspective on the issue?

Broad statement
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How do you call a conceptual schema based on foundational statements, or axioms, that is assumed to be true?

Theory

How do you call unbiased evidence that is supported by empirical findings?

Objective evidence

How do you call an explicit specification of a set of variables and their interrelationships designed to represent some real system or process in whole or in part?

Analytical model

How do you call analytical models that provide a visual picture of the relationships between variables?

Graphical models

How do you call analytical that explicitly describe the relationships between variables, usually in equation form?

Mathematical models

How do you call unproven statement or proposition about a factor or phenomenon that is of interest to the researcher?

Hypothesis

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