Formal marketing research

Assignment Help Business Management
Reference no: EM131207680

In his book Blink: The Power of Thinking Without Thinking, Malcolm Gladwell suggests that formal marketing research, including focus groups, is not very valuable and effective because the people being asked to evaluate the product do not take enough time to thoroughly evaluate the product. As a result, it is more effective to just to ask the test group's first impressions rather than asking for a long evaluation. What are your thoughts on this matter?

Reference no: EM131207680

Questions Cloud

Identify project and portfolio stakeholders : Develop a table in which you identify project and portfolio stakeholders and their influence on the project. Align effective communication tools and techniques with each stakeholder.
Determine stantons net income for first year of operation : The balance sheet at the end of the first year reported $40,000 in dividends payable and $580,000 in ending retained earnings.-Determine Stanton's net income for its first year of operations.
Compare bowlby and ainsworth theory of attachment : Compare and contrast Bowlby and Ainsworth's theory of attachment. How do you see attachment affecting other factors of a child's development? An adult's? Provide some detail.
What is cyber security and what are some of its key concepts : What is cyber security, and what are some of its key concepts? What are the most significant threats to a company's data, and what are some of the root causes of those threats?
Formal marketing research : In his book Blink: The Power of Thinking Without Thinking, Malcolm Gladwell suggests that formal marketing research, including focus groups, is not very valuable and effective because the people being asked to evaluate the product do not take enou..
Determine the cost of the additional cash discounts taken : Annual credit sales are $3.5 million, the variable cost ratio is 60 percent and the required pretax rate of return (i.e., the opportunity cost) on receivables investment is 14 percent. The company does not expect its inventory level to change as a..
Explain whether you think the validity and reliability : Explain whether you think the validity and reliability, as reported in the article, are accurate or suspect and why. Explain what difference validity and reliability make in the study you selected and why.
What is the beginning inventory : The following relate to the income statement of Growth Company for the year ended 2010.  - What is the beginning inventory?
Inhibit the effectiveness of companies : What attitudes and policies inhibit the effectiveness of companies' strategies for hiring older workers?

Reviews

Write a Review

Business Management Questions & Answers

  Effective human resource management

Organizations can effectively reduce unethical corporate behavior through effective human resource management that creates open channels of communication.

  The process that occurs when a hardware interrupt

Outline the process that occurs when a hardware interrupt is generated by a disk controller. Set the context for the interrupt (disk read or write) and describe how an interrupt handler would address the event.

  What are the main business propositions for woodmere

What are the main business propositions for Woodmere and Home Help to consider in evaluating this proposal? Is time-based logistics the right strategy for each company?

  Solution to probabilitiesa manufacturer of programmable

solution to probabilitiesa manufacturer of programmable calculators is attempting to determine a reasonable

  Explanation of ethical

1. Can you provide an explanation of ethical, financial, and cultural benefits and limitations of organizational strategic planning. Include how ever-changing stakeholders might impact the strategic plan (associated with American Red Cross)

  Research methodusing a qualitative in regards to

research methodusing a qualitative in regards to sustainability why are so many organizations scared to make the leap

  Describe the relationship between organizational functions

Describe the relationship between organizational functions and organizational structures

  Explain why is the study of risk management so important

Why is the study of Risk Management so important? Do you have an example from your experience of a situation where if the risk had been identified and handled

  Australia is a multi-cultural and diverse country

Australia is a multi-cultural and diverse country, therefore it is expected that within our workplaces there will be "the presence of differences." However, although legislation is in place, minority groups still face discrimination and challe..

  Managerial accounting and organizational controls

An Introduction section stating what your report is going to do and an Analysis section of the two types of costs and which you think is fixed and which is variable and why.

  Illustrate what should greg johns do

He doesn’t want to lose his best salesperson and he thinks perhaps there might be extenuating circumstances - such as family pressures - that explain Pollack’s behaviour. Illustrate what should Greg Johns do?

  Major process flow structure

1. Which of the following is considered a major process flow structure? 2. ISO audits result in certifications that are done by first, second, or third parties. Which of the following result in the best certification of a firm?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd