Market Research Key terms and concepts?

 Market Research


Key terms and concepts

Bounce rate - The number of people who view one page and then leave 
a website without viewing any other pages.

Data - Statistics and facts collected for analysis.

Focus group - A form of qualitative research where people are 
asked questions in an interactive group setting. From 
a marketing perspective, it is an important tool for 
acquiring feedback regarding new products and various 
topics. 

Hypothesis - A supposition that is tested in relation to known facts; 
a proposition based on reason but not necessarily 
assumed to be true.

Listening lab - A testing environment where the researcher observes 
how a customer uses a website or product.


Observation/online ethnography - When a researcher immerses themselves in a particular 
environment in order to gather insights.


ORM - Online reputation management (ORM) Understanding 
and infuencing the perception of an entity online.

Primary research - The collection of data to present a new set of fndings 
from original research. 


Qualitative data - Data that can be observed but not measured. Deals with 
descriptions.

Quantitative data - Data that can be measured or defned. Deals with 
numbers.

Really simple syndication (RSS) - RSS allows you to receive updates without requiring you 
to constantly visit web pages in your browser. 


Research community - A community set up with the intention of being a source 
for research.

Research methodology - Methods employed in research for reaching results.

Sample size - The number of respondents in a sample of the 
population.


Secondary research - The collection of existing research data. 


Sentiment - The emotion attached to a particular mention – positive, 
negative or neutral.


Statistically significant - A sample that is big enough to represent valid 
conclusions.






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