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emilytren emilytren
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6 years ago
The goal of getting the consumer to purchase is
 a. simple.
  b. easily achieved.
  c. not easily achieved.
  d. easily measured.

Question 2

Discuss the three factors required to specify sample size.

Question 3

The choice of a target segment involves information about both the size of the market and the fit with corporate goals.
 a. True
  b. False
 Indicate whether the statement is true or false

Question 4

Those customers who are in the Danger Zone segment are
 a. likely to switch to a competitor.
  b. have been a customer for less than a year.
  c. the least profitable.
  d. are using ABC to drive down the price.

Question 5

When a brand is growing, what should an ad campaign do?
 a. develop the positivity of the attitudes toward the brand
  b. inform the consumer about the brand
  c. pull it from the market
  d. remind consumers, Hey, we are still here

Question 6

Explain the central-limit theorem and discuss why it is useful to marketing researchers.

Question 7

Companies typically assess their corporate strengths relative to their competitors.
 a. True
  b. False
 Indicate whether the statement is true or false

Question 8

Traditional customer profitability analyses would start with ______ less returns and allowances (net sales) and subtract the cost of goods sold.
 a. gross sales
  b. back orders
  c. the forecast
  d. gross margin
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Replies
wrote...
6 years ago
Answer to #1

c

Answer to #2

Three factors are required to specify sample size:
(1) Variance, or heterogeneity, of the population: this refers to the standard deviation of the population. Only a small sample is required if the population is homogeneous. As heterogeneity increases, so must sample size.
(2) Magnitude of acceptable error, or the confidence interval: indicates how precise the estimate must be.
(3) Confidence level: typically use the 95 percent confidence level. This, however, is an arbitrary decision based on convention; there is nothing sacred about the 0.05 chance level.

Answer to #3

TRUE

Answer to #4

c

Answer to #5

a

Answer to #6

The central-limit theorem is a theory that states as the sample size increases, the distribution of sample means of size n, randomly selected, approaches a normal distribution. It works regardless of the shape of the original population distribution. In other words, the distribution of averages quickly approaches normal as sample size increases. This theoretical knowledge about distributions can be used to solve two practical marketing research problems: estimating parameters and determining sample size.

Answer to #7

TRUE

Answer to #8

a
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