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Glossary of Market Research Terms – A
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At-Home Testing: |
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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: |
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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: |
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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: |
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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: |
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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: |
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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: |
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Active buyers of a company are the
customers who have made a purchase over the past year.
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Ad Blocker: |
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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: |
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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: |
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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: |
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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: |
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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: |
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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): |
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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): |
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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: |
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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: |
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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: |
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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: |
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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: |
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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: |
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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: |
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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): |
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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: |
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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: |
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A sample used from a specific geographical
or ethnographic target area.
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Asynchronous Qualitative Research: |
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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: |
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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: |
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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: |
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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: |
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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: |
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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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