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Glossary of Market Research Terms – W |
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Web survey: |
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The market research studies conducted through
questionnaires that are served to respondents using the
Internet are called web surveys. Information about these
surveys is generally given to the respondents via email and
the surveys are to be completed in an online environment.
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Word of Mouth: |
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This is a form of marketing done through human interaction. In
this some consumers spread the information about a certain
product or service after using it by telling about it to
other potential users. This is generally considered to be
the most powerful form of marketing and advertising because
of the human trust factor associated with the fellow
consumers who have actually used the product or service.
Methods prevalently used are both traditional and
non-traditional. Internet, as a social platform through
blogs, discussion boards, social groups and other popular
online tools is very frequently used these days because of
its immense power of reach, non-intrusive nature and
convenience of time and place.
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Weighting: |
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Through the process of weighting the exact amount of
advertising that is needed by a certain product or service
of an organization is determined. This is essentially the
process of ascertaining how much advertising is necessary to
reach a certain target audience. There are three questions
that are answered in weighting. How many impressions would
the ad receive or how often it would be viewed? What is the
percentage of the target audience that had been exposed to
the ad? And, how often the target audience was exposed to
the ad?
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Word Association Tests: |
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Word Association Tests were developed by the renowned Swiss
psychiatrist Carl Jung. In this technique the interviewer
states a word or phrase and the respondents must provide a
one word answer immediately thereafter. Through this
technique a lot can be learnt about the innermost thought
processes of the human mind.
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Word of Mouth: |
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This is a form of viral marketing done through human
interaction. In this some consumers spread the information
about a certain product or service after using it by telling
about it to other potential users. This spreading of the
message is also called creating a buzz. This is generally
considered to be the most powerful form of marketing and
advertising because of the human trust factor associated
with the fellow consumers who have actually tried the
product or service. Methods prevalently used are both
traditional and non-traditional. Internet, as a social
platform through blogs, discussion boards, social groups and
other popular online tools are very frequently used these
days because of its immense power of reach, non-intrusive
nature and convenience of time and place.
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Write-Down: |
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In this technique the focus group participants are
encouraged to write down their views on a topic at the
commencement of the session. This helps the participants to
actually commit to a certain opinion or form a rigid point
of view, before it can be influenced by the views of other
participants.
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