Explain qualitative research and why it might be useful to marketers. What are its major drawbacks?

What will be an ideal response?


Qualitative research techniques are relatively unstructured measurement approaches to permit a range of possible responses, and they are a creative means of ascertaining consumer perceptions that may otherwise be difficult to uncover. Because of the freedom it affords both researchers in their probes and consumers in their responses, qualitative research can often be an especially useful first step in exploring consumers' brand and product perceptions. It is indirect in nature, so consumers may be less guarded and reveal more about themselves in the process.

Qualitative research does have its drawbacks. Marketers must temper the in-depth insights that emerge with the fact that the samples are often very small and may not necessarily generalize to broader populations. And different researchers examining the same qualitative results may draw very different conclusions.

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Which of the following would best describe MBO?   

A. It works at the highest levels of an organization. B. It works at the lowest levels of an organization. C. Its purpose is to motivate employees. D. Its purpose is to control employees. E. It effectively benchmarks HR practices against competitors.

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In 2018, the additional standard deduction for a single taxpayer, who is 65 or older and not blind, is $1,200.

Answer the following statement true (T) or false (F)

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A nonprofit chief executive officer (CEO) is comparing program expenses to contributed income. The CEO is using a(an) ______ to assess organizational performance.

A. audit B. balance sheet C. financial ratio D. depreciation formula

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Business Enterprise Company agrees to sell a commercial office building and parking garage to City Investments, Inc, which assigns the rights to the realty to Downtown Properties, LLC. Downtown Properties does not yet exist, but once itis created and comes into existence, the contract on novation will most likely be

a. quasi. b. voidable. c. void. d. enforceable.

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