Compare the descriptive and the causal research approaches.

What will be an ideal response?


Descriptive research involves collecting quantitative data to answer research questions. Descriptive information provides answers to who, what, when, where, and how questions. In marketing, examples of descriptive information include consumer attitudes, intentions, preferences, purchase behaviors, evaluations of current marketing mix strategies, and demographics. Descriptive studies may provide information about competitors, target markets, and environmental factors. On the other hand, causal research collects data that enables decision makers to determine cause-and-effect relationships between two or more variables. Causal research designs are most appropriate when the research objectives include the need to understand which variables cause a dependent variable to move. Understanding cause-effect relationships among market performance factors enables the decision maker to make "If-then" statements about the variables. They provide an opportunity to assess and explain causality among market factors.

Business

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The cofounders for Contap received $275,000 from venture capitalists. What did the investors receive in return?

a. 5% royalties from future sales b. 15% equity of the business c. 50% equity of the business d. 10% royalties from future sales

Business

Of all forms of dispute resolution, which one probably offers the strongest "win-win" potential because its goal is voluntary settlement?

A)litigation B)arbitration C)jurisdiction D)mediation

Business

A to Z, a supermarket in New Jersey, placed a weekly advertisement in the local newspapers. The advertisement stated that A to Z would provide its customers all vegetables at a flat rate of $5 from Monday to Wednesday between 1 p.m. and 3 p.m. at select locations in the state. A to Z most likely used

A. retail advertising. B. national advertising. C. trade advertising. D. direct-response advertising. E. primary-demand advertising.

Business