Asked by Candace Prince on May 12, 2024

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What are some of the methods marketers use to conduct research and solve marketing problems? Include at least one specific print source.

Marketing Problems

Challenges or obstacles that businesses face in reaching their target markets, positioning their brand, or effectively promoting their products or services.

Research Methods

Systematic techniques used to plan, conduct, and analyze research to increase understanding of a topic or issue.

Print Source

Materials such as books, magazines, and newspapers that are printed and can serve as references or information sources.

  • Comprehend the principles and methodologies utilized in the study of market research and prognostication.
  • Become aware of the difficulties involved in marketing research, including determining consumer interest and gathering initial data.
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Joshua EcholsMay 14, 2024
Final Answer :
Methods can include asking someone for information directly, such as in an interview, questionnaire, or survey. To collect data, LEGO Group marketing researchers might use a combination of: (1) observing the behavior of MINDSTORMS® users, and (2) asking users questions about their opinions of the MINDSTORMS kits. Observing people and asking them questions are the two main data collection methods. How successful is LEGO Group's marketing research and design strategy for its MINDSTORMS products? Among younger users alone, tens of thousands of elementary and middle school teams face off in competitions around the world each year. It is also important to make use of already collected information or statistical data. This information can come from texts, periodicals, and journals. The American Marketing Association offers both the Journal of Marketing and the Journal of Marketing Research as excellent resources. Two special methods include sampling and statistical inference.