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Chapter 10

Market Research

Introduction to Market Research
Introduction to Market Research
Marketing research is a systematic and scientific procedure that involves data collection, compilation, analysis, interpretation, and implication related ...
Applications of Market Research
Applications of Market Research
Marketing research helps businesses understand market trends, customer behaviors, and competitors, allowing them to make better decisions regarding ...
Marketing Research Process - Overview
Marketing Research Process - Overview
The marketing research process includes interrelated activities and multiple steps, guiding researchers to make informed marketing decisions. While ...
Problem Definition
Problem Definition
Problem definition is the initial and the most essential step in research. The researcher identifies and explains the specific issue or gap to be ...
Designing the Market Research
Designing the Market Research
A research design acts as a plan for marketing research, outlining the steps to gather necessary information efficiently. It includes the methods for ...
Data Source
Data Source
A data source is the origin of collected data, whether physical or digital, and includes all channels, platforms, and repositories for gathering and ...
Secondary Data Collection Methods
Secondary Data Collection Methods
Secondary data refers to information that has already been collected and documented for purposes unrelated to the current research project. These data ...
Primary Data Collection Methods I
Primary Data Collection Methods I
Primary data is data that is collected by the organization that expects to use it. Depending on the research problem, primary data collection can utilize ...
Primary Data Collection Methods II
Primary Data Collection Methods II
Primary data collected through quantitative research provides structured responses, enabling quantifiable and comparative analysis. Quantitative research ...
Sample Design
Sample Design
The sample design includes six significant steps. To illustrate this, let's consider Mike, a market researcher in a skincare company that is preparing ...
Probability Sampling
Probability Sampling
Probability sampling is a method that selects participants, giving each a known chance to be included, ensuring objectivity and fairness in research. It ...
Non-probability Sampling
Non-probability Sampling
Non-probability sampling is a method in which the probability of selecting any particular member from the target population is unknown and not ...
Research Instruments
Research Instruments
Research instruments are data collection and measurement tools, including survey questionnaires, interviews, observation checklists, focus groups, and ...
Data Analysis & Interpretation
Data Analysis & Interpretation
Data analysis and interpretation are crucial for transforming raw data into actionable insights. This enables businesses to understand consumer behavior ...
Report Preparation & Presentation
Report Preparation & Presentation
Transforming data into useful information is important in marketing research. Researchers organize and analyze data during the preparation phase, focusing ...
International Marketing Research
International Marketing Research
International marketing research involves gathering and analyzing data from global markets to inform business decisions. It is crucial because it enables ...
B2B Market Research
B2B Market Research
Business-to-business, or B2B, market research is the systematic collection and analysis of information regarding businesses serving other businesses. B2B ...
Outsourcing Market Research
Outsourcing Market Research
Outsourcing market research involves hiring external agencies to gather, analyze, and interpret data on market trends, customer preferences, and the ...
Ethics in Market Research
Ethics in Market Research
Ethics in market research ensures that data collection respects participants' rights and upholds the integrity of the research process. Researchers ...
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