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Marketing research as a fact-finding operation

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Q1. Many managers see marketing research as a fact-finding operation. Is this a correct view? Explain.

Q2. A decade ago, the advertising-to-sales promotion ratio was about 60:40. Today, in many consumer-packaged-goods companies sales promotion accounts for 75 percent of the combined budget. Several factors contribute to this rapid growth. List and explain these factors. 

Q3. If a marketer were to segment a business market on the basis of demographics, what three subcategory segmentation variables would probably be used to assist with this form of segmentation? What questions would be asked in each of the three categories to advance the segmentation effort?

Please give the answers at least in 200 words.

Reference no: EM131498332

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