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part 1: matching match each description to the correct step of the mark…

Question

part 1: matching
match each description to the correct step of the marketing research process.
steps:
a. problem definition
b. plan development
c. data collection
d. data analysis
e. take action

description

1 turning data into meaningful insights that help solve the problem
2 using results to make business decisions or changes
3 clearly stating what the business needs to find out before beginning research
4 gathering the information through surveys, focus groups, or records
5 designing how youll gather information — methods, tools, and sample
part 2: scenario identification
read each situation and write which step it represents.

  1. the team collects responses from 300 online surveys to find out what customers think about new packaging.

→ step:

  1. after studying the results, the company learns that most customers prefer eco - friendly materials.

→ step:

  1. before starting research, the marketing team lists questions they want answered and what data they need.

→ step:

  1. the company decides to change its packaging to be more sustainable and run a new ad campaign.

→ step:

Explanation:

Brief Explanations
  • Part 1:
  • 1: Data Analysis involves turning data into meaningful insights.
  • 2: Take Action means using results for business decisions.
  • 3: Problem Definition is clearly stating business needs before research.
  • 4: Data Collection is gathering info via surveys etc.
  • 5: Plan Development is designing how to gather info (methods, tools, sample).
  • Part 2:
  • 1: Collecting responses (data) from surveys is Data Collection.
  • 2: Studying results to learn customer preference (turning data to insight) is Data Analysis.
  • 3: Listing questions and data needs before research is Problem Definition.
  • 4: Deciding to change packaging (business decision) is Take Action.

Answer:

  • Part 1:
  1. D. Data Analysis
  2. E. Take Action
  3. A. Problem Definition
  4. C. Data Collection
  5. B. Plan Development
  • Part 2:
  1. C. Data Collection
  2. D. Data Analysis
  3. A. Problem Definition
  4. E. Take Action