This quiz covers key concepts in marketing research and consumer behavior, focusing on data collection methods and customer loyalty.
Name.
Symbol.
Design.
Term.
Theme.
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Sales would rise quickly, profits would jump, and even laggards would buy his product.
Sales would level off, profits would decline, and mature golfers would be attracted to his product.
Sales would slow down, profits would peak, and early adopters of golf equipment would be his major customers.
Sales would be low and profits nonexistent, but he would attract golf equipment innovators.
Sales would be low, profits would be high, and all potential golfers would jump at the opportunity to buy his product.
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Intangible
Inseparable
Heterogeneous
Perishable
Replenishable
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Door-to-door surveys.
Focus group interviews.
Syndicated data.
Sales invoices at public libraries.
U.S. Census data.
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Questionnaire
In-depth interviews
Experiment
Focus group
Biometrics
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Focus group
Social media site
Experiment
Data mining session
In-depth interview
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Questionnaires
Experiments
In-depth interviews
Primary data mining
Observation
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Facial recognition software
Data mining
Social media monitoring
Illegal surveillance methods
Sentiment mining
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They did not notice the change.
They were happy the company reduced the product size, rather than increase the price.
They stopped buying Chobani altogether.
They organized a boycott of the product.
They used social media to complain about the change.
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Generally not profitable.
Not adopted by everyone at the same time.
Not capable of creating new markets.
Not subject to the law of first movers.
Typically very short-lived.
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Quality gap analysis
Empowerment
Zone of tolerance
Standards analysis
Voice-of-customer
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Convenience
Unsought
Shopping
Luxury
Routine
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Introduction
Growth
Evaluation
Maturity
Decline
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Test marketing.
Product launch.
Alpha testing.
Target marketing.
Concept testing.
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Intangibility.
Professional competence.
Perishability.
Inseparability.
Heterogeneity.
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Knowledge
Empowerment
Communication
Standards
Tangibility
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Knowledge
Standards
Social expectations
Delivery
Communications
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Allowing the perception of a brand with a quality image to be carried over to the new product.
Lowering marketing costs.
Boosting sales of the core brand.
Spending less on creating brand awareness and associations.
Eliminating competition.
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Will likely result in late maturity buying.
Can change consumer preferences.
Incorporate reverse engineering outputs.
Require the use of concept testing services.
Must be geographically centered.
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