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Glossary of Market Research Terms – L |
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Lifestyle Research: |
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Lifestyle research is the study conducted to gather
opinions regarding the attitudes, disposable income,
consumer behaviour, hobbies, leisure activities, and other
lifestyle choices made by the consumers. These can be
analysed and used for psychographic research for the
analysis of an individual’s interests, opinions and
activities also. This type of research gives a very fair
idea of the trends and level of social evolution and
proclivities of the society.
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Laboratory Test Market: |
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Laboratory Test Market is a simulated marketplace, which is
used in mock-shopping experiments. Here, the consumers are
exposed to advertising and visit an experimental store where
they may buy products under controlled conditions. Through
follow-up interviews and focus groups are conducted to
understand the purchase patterns and buying behaviour. This
technique is frequently used to test the consumer reactions
towards new products. Often, the market shares for new
products can be accurately predicted using this methodology.
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Labour Force Participation Rates: |
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An estimation of the age and gender of the number of people
in the labour force, participating in research studies, as
compared to those in the whole population. This is a very
specialized segment and may be used for some specialty
segments.
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Laddering: |
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Laddering is a technique used in focus groups. In this the
responses are worked upon and built upon until their
relationship is established with a psychological need for
the ego or status. This technique is used to answer the
“why” questions so that the motive for certain behaviour is
identified and understood.
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Loaded Question (aka Loaded Question): |
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Loaded questions are those that are used to influence the
respondents’ answers to reach a certain pre-determined
answer. They are also called guided questions.
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Longitudinal Study: |
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A longitudinal study is the research study conducted over a
considerable period of time by observing a certain sample
set to understand various developmental trends. These
studies may use the same sample set over decades, or may
utilize a new samples at set intervals, depending upon the
requisites of the study.
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