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Glossary of Market Research Terms – A
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At-Home Testing: |
The respondent is encouraged to bring the product to his
place of residence and test it while using it for certain
duration of time. After this period, information about the
product is collected through telephone surveys, written
surveys, one-on-one interviews or group discussions
scheduled between many respondents. This is also called
product placement study.
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A Priori Segmentation: |
For some market research studies the segments of the market
used are not chosen based on empirical statistics. In priory
segmentation the segments chosen are based on assumptions,
traditions, premonitions and intuitions.
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A.C. Nielsen Retail Index: |
AC Nielsen Retail Index is the market intelligence for
providing accurate, decision oriented reporting. It covers a
broad assortment of retail channels from various sources
like supermarkets, hypermarkets, drug stores and pharmacies,
mass merchandisers, convenience stores, small independent
grocers, kiosks, open markets, military commissaries, liquor
stores, dollar stores, pet stores and warehouse-clubs. AC
Nielsen Retail Index is the industry standard for quality
information on product movement, market share, distribution,
promotional effectiveness, pricing and other
market-sensitive information in more than eighty countries
across six continents. It provides information network
involving global reach, which is highly respected in the
industry.
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Accuracy: |
When a measurement is able to match the actual value of a
quantity being measured, it is called the accuracy value of
that particular measurement.
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ACORN: |
ACORN is a geo-demographic tool, which helps the businesses
in comprehending their target market. The variables stressed
with ACORN are population location and other lifestyle based
variables. The buying behaviours, decision taking and
judgements are different for people living under different
demographics. For example, the individuals residing in rural
areas show purchase behaviours different from those residing
in busy urban areas. The information collected by ACORN
gives insights to marketers and manufacturers to devise
location specific marketing strategies. It helps advertisers
in designing campaigns suitable to specific geographic
locations, also to decide which store outlets to use to open
the campaign, and where to test the products.
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Action Devices: |
Action devices are small contrivances created in order to
generate respondents’ involvement. These are mainly used
with marketing material and are in the form of small tokens
or stamps. Many publishing houses utilize such action
devices so that the reader actually goes through the entire
promotional material. Sometimes such participation also
leads to entries into sweepstakes or prize draws. Action
devices are also known as involvement devices.
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Active Buyer: |
Active buyers of a company are the customers who have made
a purchase over the past year.
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Ad Blocker: |
Ad blockers are tools in the Internet browsers that can
prevent opening of windows displaying online advertisements.
These can however prevent opening of some useful pop-up
windows also.
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Ad Concept Testing: |
Ad Concept Testing is evaluation of an advertising concept
with a target market segment. The results of this test
determine the most suitable pricing, brand concepts, appeals
and product strategy concepts for a certain new product or
even for re-positioning of an existent product. The
methodology of gathering information is through
questionnaires, surveys and interviews.
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Ad Hoc Surveys: |
These are surveys developed for a target audience, which
has no prior contact with the examining authorities.
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Ad Positioning Statement Tests: |
When the audience response is measured for the reason of
evaluation of the positioning statement for a certain ad
concept testing, it is called ad positioning statement
tests. This measurement is very critical because this
reading gives a wider perspective of the brand vision in
totality.
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Ad Recall: |
Ad recall is the response that is measured immediately
after the target audience is exposed to the advertisement.
This value is in terms of time and gives an idea about the
respondents’ recollection or recall of an advertisement.
Generally some attributes of an advertisement are more
readily recalled than the others. This response gives an
idea about the how to make an advertisement more memorable
so that it is recalled at the point and time of purchase.
Often just a small feature is enough to make an ad
memorable. Ad recall usually decreases with time.
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Ad Tracking Research: |
Throughout the life span or the run time of an ad, constant
checking of its performance is tested. This is called ad
tracking research. This gives an idea about the actual
business being brought in by the ad.
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Adaptive Conjoint Analysis (ACA): |
Conjoint analysis is a statistical method used in market
research, which is used to find out the value attached by
consumers to different attributes present in any product or
service. The main aim of the conjoint analysis is to
determine what combination of a certain number of features
is most influential on respondents for decision making about
choosing a product or service. Adaptive Conjoint Analysis
(ACA) is a technique developed by Sawtooth Software, which
enhances the conjoint analysis. The software measures the
respondents’ answers to the initial interview questions.
Inferences are drawn by the software based upon these
responses by adaptation focussed on the subject matter most
valued by the respondent. This method considerably reduces
the effect of burdening the respondents with unnecessary
information, which can reduce their attention span.
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Advertising Research Foundation (ARF): |
Advertising Research Foundation (ARF) is a leading
association of the advertising industry, which generates,
aggregates, synthesizes and shares the knowledge required by
the decision makes in the field. The organization was
founded in 1936 by the Association of National Advertisers
and the American Association of Advertising Agencies. ARF is
dedicated to improving the practice of advertising,
marketing and media research in pursuit of more effective
marketing and advertising communications.
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Affective Component of Attitudes: |
Advertising effectiveness is based mostly upon the
emotional responses generated by an ad. Affective Component
of Attitudes is the emotional response attached to an
attitude. Generally emotional responses in the form of
feelings are attached with people, objects and events and
are a measure of affective component of attitudes.
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Affiliate Marketing: |
Affiliate marketing is a form of online advertising that is
based upon revenue sharing between websites. The affiliate
websites display an online ad of another website and are
compensated when the Internet traffic is driven to the other
website upon clicking of the ad. The payment could be based
on pay-per-click or for the time the ad is displayed,
depending upon the mutual understanding between the
companies.
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Affinity Marketing: |
Affinity marketing is the marketing strategy that is based
on targeting the consumers after studying their set buying
patterns or trends and buying behaviours.
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After-Only with Control Group: |
This is a technique of measurement employed in experiments
concerning behavioural patterns. In this experimental design
the groups of respondents labelled as the control is not
measured for reactions before the experiment. During the
course of the experiment the control group is not subject to
the experimental variable. At the conclusion of the
experiment all the groups are measured and the control
group’s measurement is deducted from the other group’s
measurement.
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Allowable Sampling Error: |
The acceptable amount of error generally due to human or
environmental influence is called as the allowable sampling
error.
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Alternative Hypothesis: |
Alternative hypothesis is a statement representing the
inference that a statistical hypothesis test is set to
establish. After the test result is out the null hypothesis
is either rejected or accepted in favour of the alternative
hypothesis. The test does not reach an acceptance or
rejection of the alternative hypothesis.
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Anthropomorphic: |
Anthropomorphic test is the test where the respondents are
asked to assign human attributes to lifeless objects or
animals or factors of nature.
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Application Service Provider (ASP): |
Application Service Provider (ASP) is an online
organization that provides products, services and
applications on their servers. People can make online
purchases and get access to these products, services and
applications for their personal and business usages.
Generally different versions are available for individual
and professional usages.
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Applied Research: |
Applied Research can be best described as a field of
related research, which mostly deals with the current topics
or requirements at hand. These researches are done using the
tools and technology of pure research but are mostly topical
and provide solutions pertaining to the challenges in sight.
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Area Samples: |
A sample used from a specific geographical or ethnographic
target area.
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Asynchronous Qualitative Research: |
Asynchronous Qualitative Research is a methodology of
qualitative research wherein the respondents and researchers
are not required to interact with each other during most of
the course of the study.
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Asynchronous Research: |
Asynchronous Research is the research technique when the
respondents are allowed to give their responses on their own
time without addressing direct questions or other events
towards them. It is a technique, which is highly
non-intrusive in nature and does not bind the respondents
with restrictions of time, space or fixed methodologies.
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Attempt: |
Attempt is when an effort is made to contact a potential
respondent for any study. it does not imply to an actual
contact with a research respondent or even an agreement of
participation from the same.
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Attitude, Awareness & Usage (AAU) Study: |
Attitude, Awareness and Usage (AAU) Study is a kind of
tracking study in which objective of the study is to record
the changes in consumer attitudes, awareness and usage
levels of a certain product or service, which has been in
the market for some time.
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Audit: |
Audit is the critical review of the marketing plan after a
while of its implementation. Generally before implementation
the marketing plan is thoroughly researched and reviewed.
But even then after implementation there is certain course
correction required at times, the knowledge for which is
attained through regular audits.
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Awareness: |
Awareness is generally associated with some brands and
names. This is significant because of the recollection or
association that the people form with the product, brand
name, company name, new concepts launched or trademarks of a
certain organization.
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