Asked by Zachary Wages on May 11, 2024
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Briefly explain what a marketing experiment is. Include the definitions of dependent and independent variables and give examples of each.
Marketing Experiment
A research method where variables are manipulated in a controlled environment to test hypotheses about marketing strategies or consumer behavior.
Dependent Variables
In research, the variable that is tested and measured, expected to change as a result of variations in the independent variable(s).
Independent Variables
In research, variables that are manipulated or changed to determine their effect on dependent variables.
- Gain insight into the strategies and procedures employed in conducting marketing analysis and future predictions.
- Acquire insight into the hurdles present in marketing research, notably in gauging consumer willingness and obtaining primary data.
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Learning Objectives
- Gain insight into the strategies and procedures employed in conducting marketing analysis and future predictions.
- Acquire insight into the hurdles present in marketing research, notably in gauging consumer willingness and obtaining primary data.
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