Examlex

Solved

Applied Research

question 5

Multiple Choice

Applied research


Definitions:

Prospective Consumers

Individuals who are considered potential customers for a product or service, having been identified as within the target market.

Mall Intercept Interviews

A market research technique involving approaching people in public areas like malls to conduct immediate, in-person surveys.

Marketing Research Firm

A company that specializes in gathering and analyzing data on market conditions, consumer behaviors, and competition to inform marketing strategies.

Focus Group

A research method involving a small, diverse group of people whose reactions to specific products or ideas are studied to gain insights into broader consumer perspectives.

Related Questions