The Marketing Research Process and Defining the Problem and Research Objectives - Defining the Problem

8 important questions on The Marketing Research Process and Defining the Problem and Research Objectives - Defining the Problem

What are problems in marketing research?

Problems are situations calling for managers to make choices among alternatives

What is the process of defining and formulating a problem statement?

  1. Recognise the problem
  2. Understand the background of the problem
  3. Determine what decisions need to be made
  4. Identify what additional information is needed
  5. Formulate the problem statement

What is a marketing opportunity?

A marketing opportunity is a potentially favourable circumstance in which a company can perform successfully
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What are symptoms in marketing research?

A symptom is a change in the level of a key monitor that measures the achievement of an objective or a perceived change in the behaviour of a market factor that indicates an emerging opportunity

What is a situation analysis?

A situation analysis is a form of exploratory research undertaken to gather background information and data pertinent to the problem area that may be helpful in properly defining the problem decision

What are assumptions in marketing research?

Assumptions are assertions that certain conditions exist or that certain reactions will take place if the considered alternatives are implemented

What is the information state in marketing research?

Information state is the quantity and quality of evidence a manager possesses for each of his or her assumptions

What are information gaps in marketing research?

Information gaps are discrepancies between the current information level and the desired level of information at which the manager feels comfortable resolving the problem at hand

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