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e marketing environment. Identifying Target Markets and Researching the Marketing Mix: The Opportunistic Nature of Marketing Research A marketing mix: The unique blend of product/service, pricing, promotion, and distribution strategies designed to reach a specific target market. The Nature of Marketing The History and Future of Marketing Research The Role of Market Research in Decision Making The Profound Impact of the Inter The External Marketing Environment Altering the marketing mix because of changes. Deciding Whether to Conduct Market Research Learning Objectives Chapter 1 The Role of Market Research in Management Decision Making To define marketing research. Marketing Research Defined The planning, collection, and analysis of data relevant to market decision making and munication of the results of this analysis to management. The Importance of Marketing Research to Management ? descriptive function ? diagnostic function ? predictive function The Nature of Marketing The History and Future of Marketing Research The Role of Market Research in Decision Making The Profound Impact of the Inter Deciding Whether to Conduct Market Research Learning Objectives Chapter 1 The Role of Market Research in Management Decision Making To understand the importance of marketing research. The Paramount Importance of Keeping Existing Customers Managers Must Understand the EverChanging Marketplace The Nature of Marketing The History and Future of Marketing Research The Role of Market Research in Decision Making The Profound Impact of the Inter The Unrelenting drive for Quality and Customer Satisfaction Deciding Whether to Conduct Market Research Learning Objectives Chapter 1 The Role of Market Research in Management Decision Making To understand the importance of marketing research. The Proactive Role of Marketing Research A proactive management: ? alters the marketing mix to fit newly emerging patterns in economic, social, and petitive environments ? new opportunities ? develops a longrun marketing strategy The Nature of Marketing The History and Future of Marketing Research The Role of Market Research in Decision Making The Profound Impact of the Inter Deciding Whether to Conduct Market Research Learning Objectives Chapter 1 The Role of Market Research in Management Decision Making Applied Research versus Basic Research Applied research To better understand the market. Basic research To expand the frontiers of knowledge. To understand the importance of marketing research. The Nature of Marketing The History and Future of Marketing Research The Role of Market Research in Decision Making The Profound Impact of the Inter Deciding Whether to Conduct Market Research Learning Objectives Chapter 1 The Role of Market Research in Management Decision Making The Nature of the Applied Research Depends on the Type of Research Conducted Programmatic research To better understand the market. Selective research To expand the frontiers of knowledge. Evaluative research To assess program performance To understand the importance of marketing research. The Nature of Marketing The History and Future of Marketing Research The Role of Market Research in Decision Making The Profound Impact of the Inter Deciding Whether to Conduct Market Research Learning Objectives Chapter 1 The Role of Market Research in Management Decision Making Advantages of Inter Surveys Rapid Development, Real Time Reporting Dramatically Reduced Costs Readily Personalized Ease and Convenience Encourage Respondent Participation Contact the