Miscellaneous Quiz / Level 1 & 2 Combined

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Level 1 & 2 Combined

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Questionnaires, interviews, survey and focus groups are all examples of
Markets are not static, they are always
Making products based on what the consumer wants
In regards to SWOT, strengths and weaknesses are factors that the firm has some control over and are considered
Putting consumers into groups such as gender, income, age, location, and so on is an example of
Information that has already been created that a firm can use to find out more about the market
External factors of SWOT that a firm doesn't have control over
Making products based on what the firm believes is best, not necessarily what the consumer believes
Things consumers would like to have. Such as replacing one's iPhone 5 with a 5S
R&D
A business model used to evaluate both internal and external factors for a firm
A visual that is used to simplify information
A firms quantity sold multiplied by it's selling price
A type of research where a group of people are asked to share their opinions and perceptions
Product, price, place and promotion are part of the
Always choosing to buy a Mercedes car is an example of
After careful research and analysis, the firm has chosen the specific people they will try to sell their product to. This is referred to as their
Leading the questions or an unobjective analysis leads to
HintAnswer
Bar and pie are both types of
Selling at the price point and quality level that no one else is selling is finding a ______ in the market
The iPad is an example of
One limitation of this type of research is it can be very expensive
Information that is shown through numbers
Things consumers have to have such as food, water, a phone.
Type of information that is typically less biased
If an industry becomes highly profitable, one can expect more companies to join which will make the market more
Type of primary research where the firm asks people questions and records their answers
A visual that shows the relationship between two things. Typically contains and x and y axis
A research method where one meets face to face and asks questions
Information that is based on judgements and opinions
Before satisfying a customers needs, it is normal to first _________ their needs.
Selecting 10% of the students at HIS in order to gain insight into what the whole school thinks would be considered
Selling a product that anyone can buy such as Coke is referred to as
Total firm sales / total industry sales
A product that will not be sold to everyone but instead a select few people is called a what? An example is Vertu phones.
Where buyers and sellers meet to exchange goods or services for money.

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