Explain why marketing research, like all business activity, ...

[codyclark]

Explain why marketing research, like all business activity, continues to change.

Question 2

Factor analysis and cluster analysis do not complement each other very well.
 a. True
  b. False
 Indicate whether the statement is true or false

[cascooper22]

Answer to Question 1

Changes in communication technologies and the trend toward an ever more global marketplace have played a large role in many of these changes. With respect to communication technologies, virtually everyone is connected today and the speed with which information can be exchanged has increased tremendously. Changes in computer technology have also made for easier data collection and data analysis. Markets today have few, if any, geographic boundaries. Companies that conduct business in foreign countries must understand the nature of those particular markets and judge whether they require customized marketing strategies. The internationalizatio n of research places greater demands on marketing researchers and heightens the need for research tools that allow us to cross-validate research results, which means that the empirical findings from one culture also exist and behave similarly in another culture.

Answer to Question 2

False