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Glossary of Market Research Terms – R |
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Random Selection: |
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It is a process of selection from a population or a sample
of the population through which each item stands an equal
chance of being chosen.
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Recruitment: |
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This is the selection process of choosing from all the
empanelled people the respondents who would finally
participate in a certain marketing research study.
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Referral: |
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The empanelled people suggest their other contacts who may
be potential panellists. This is called giving a referral.
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Respondent: |
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A respondent is the individual who willingly provides the
data in the form of opinions or feedback required to be
collected during the process of a study. The respondent is
also called a unit, experiment unit, unit of analysis,
participant or subject.
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Response rate: |
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Response rate is the ratio between the number of people who
actually participate and complete a study successfully to
those originally selected at random for a study. This figure
is usually represented in percentage form. It is an
indication of whether the data collected actually signifies
the overall views of the entire population. This also points
out the methods which can be used in order to improve the
quality of the data.
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Rewards: |
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Rewards are the incentives given out as gratitude by the
companies to the respondents of a study. These can be in the
form of cash, gifts, vouchers, coupons, free products,
memberships to clubs, entries into sweepstakes, access to
contests, additional chances to play – and – win online
games, and many others. The rewards depend upon the market
research solutions provider, conducted study and the company
sponsoring the study. Software is also available for
managing the research rewards which enable companies to
completely automate the process.
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Random: |
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Random selection is a process of selection which gives an
equal opportunity for each item of the population to be
chosen in the sample.
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Random Sampling: |
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Random Sampling is a sample chosen that gives equal
opportunity to all subjects or units of the population to be
selected. It is also called probability sampling. All
subjects have equal probability of selection.
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Randomization: |
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Randomization is the process of choosing subjects at random
to be part of all groups within an experiment. This is done
so as to include all characteristics present in subjects in
each group. This ensures the uniformity of the sample.
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Ratio Scale: |
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Ratio Scale is the response scale for a survey or
questionnaire that categorizes responses ranking them from
smallest to largest and has a consistent range between each
of the category choices. This scale is for variables that
have a definitive zero as in age, weight, and height. An
example of a ratio scale would be, “What height group do you
belong to,” with options “[<5’] [5’-5’6”] [5’7”-6’] [6’<]
and so on. These are given as options for the respondents to
choose from.
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Real-Time Tracking: |
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Real-Time Tracking is the online methodology implemented with
an online system, wherein continuous research and
instantaneous data collection is done simultaneously. Data
analysis and reporting are done with results available in
split-second timing.
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Recommendations: |
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Recommendations are the action strategies suggested at the
end of a research report. These are usually included in the
conclusion at the end of a report to a client suggesting
actions that need to be reinforced from the research that
was conducted.
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Recontact: |
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Recontact is the process of contacting a survey respondent
again after an initial contact for an interview. In
recontact additional questions are asked to reinforce the
earlier responses.
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Refusal Rate: |
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Refusal Rate is the number of respondents who refuse to
cooperate in the research study by either not participating
at all or by leaving the study mid-way. This may also
include the number of respondents who deliberately give
answers that may corrupt the research results.
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Refusals: |
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Refusals are the respondents that refuse to participate in
the research study.
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Related Samples: |
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Related Samples are the multiple samples taken from the same
sample group where each sample from a particular participant
influences later samples taken from that same participant.
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Relationship Marketing: |
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The specialized marketing strategies focusing on developing
long-term and even lifetime relationships with the customers
rather than based on individual transactions of the
customers are called relationship marketing strategies. They
are used in order to increase long-term profits for the
company. Relationship marketing aims to capture the customer
share rather than the number of customers within the market
share.
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Repeat-Pairs Technique: |
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Repeat-Pairs Technique is a technique used when respondents
are asked to identify and pick out the product they prefer
out of the two offered products. After this they are again
asked to compare two products that are exactly the same as
the first two studied. This gives an idea of the consumer
perceptions while comparatively analysing two products.
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Repeat Rate: |
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Repeat Rate is a proportion highlighting the opportunity and occurrence of first time users purchasing a product for the second time. |
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Re-Screening: |
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Re-Screening is a step in the market research process to confirm that participants chosen in a sample truly qualify for the research. Re-screening is done typically when participants arrive at a research location and are examined before the research process actually begins. The questions asked are often the same questions that were originally asked as a part of the initial recruiting process. This is done to be doubly sure of the quality of respondents chosen.
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Research Design: |
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Research Design is an overall plan of action to be followed during an experiment to be sure that the objectives are met. It contains the outlines of the specific procedures and methodologies to solve the problems at hand.
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Research Methods: |
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Research Methods are how the research is to be conducted.
The research methods are found in the research report. This
allows for research replication in case someone needs to do
it again at a later time.
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Research Proposal: |
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Research Proposal describes the design, schedule and budget
for conducting a research project. This is generally
presented to the client for approval before starting the
project.
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Response Bias: |
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Response Bias is an error in the given answers to an
interviewer’s questions due to misinterpretation by the
participant. This may also be introduced if the participant
responds in a way so as to please the interviewer rather
than giving his true feelings. Response bias can occur both
deliberately and unintentionally. It brings in considerable
corruption in the research results.
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