Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problems in Marketing Experimentation:
The advantages of experiments in determining the cause and effect relationships are many. They can predict some events. The causal relationship can be established and models can be developed. Apart from the advantages of experimentation there are several problems of experimentation.
1. Lack of Theory: Experimentation lacks theories to use the research design. The marketing research has been primarily descriptive and extensive information in now available in the area of marketing. But there is no adequate and proper theory or hypothesis to test them and to fin doubt the real relationship between marketing variables. This is now gradually developing with the expansion of research facilities and there is much scope of development of research theories in marketing areas.
2. Cost of Experimentation: Experimental research is costlier. At least two group are required to test the hypotheses i ,e, the experimental group and control group. The data are collected twice in many cases. A large number of sample members is collected. Thus it is expensive enough to control a wide variety of data. The processing of data is allow very costly. Therefore the experimentation is used only when the benefits of the research are more then that of the cost involved in the experimentation. Test marketing require s tremendous resources, it would be wasted if the test failed.
3. Time : A longer time is involved in experimentation. At least one year is the permitted minimum period of research. The research may continue for a longer period. The long period involves additional problems of control and competitive reaction. The history and maturation effects may influence the ultimate decision. The conclusion derived after a long period may become obsolete to suit the current marketing decisions.
4. Other Problem: There are several test problems relating to collection of data and their interpretation. The survey and sample to be selected appropriately pose another difficult decisions. The cooperation poses another problem while collecting the data. This research design may not be useful in cases where secrecy is required to compete in the market because field research will reveal the purpose of research and the completion swill adopt competitive methods to beat the market.
explain the 4 types of report types of transaction proceesing systems
Sometimes laws are created that are done for ethical reasons. For instance, it is wrong to pollute, so Congress passed the Environmental Protection Act, which punished those that
Mr.Vincent, The manager of a large supermarket
Explain strategy as an organisational process.
how to develop an assignment on supply chain with respect to strategic management? which area should be focused?
what are the advantages and disadvantages of management science
Formal Designs: In formal designs the researcher randomly assigns treatments to randomly selected test units whereas in informal design careful assignment of treatments was no
essential features of a sound capital structures
Advantage of simulation modeling is a. It generates an optimal solution to the problem. b. It allows the inclusion of real-world complications. c. It can be used in simil
Work Factor: This techniques is based on basic motions which are modified elements of difficulty all of which tend to make movement slower. These features or work factors are
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd