Lesson 7.4.1
7.4.1 Anticipating buying behaviour Quiz: OCR Business, Unit 7
20 questions
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Lesson 7.4.1, Anticipating buying behaviour: 20 multiple choice questions for the OCR Business (H431), Unit 7: Marketing, written with Revision Ninja.
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The 20 questions
-
What term describes collecting original data directly from potential consumers to anticipate buying behaviour?
- Secondary research
- Quantitative data
- Primary research
- Desk research
-
Which market research method involves gathering a small group of consumers to discuss a new product concept?
- Consumer panel
- Desk research
- Test market
- Focus group
-
A business uses historical sales data to predict future demand. Which technique is being used?
- Quantitative forecasting
- Primary research
- Qualitative forecasting
- Test marketing
-
What type of data measures opinions, attitudes and reasons behind consumer purchasing decisions?
- Quantitative data
- Qualitative data
- Secondary data
- Numerical data
-
What is the main purpose of test marketing a new product in a single region?
- Lower production costs
- Reduce financial risk
- Eliminate competition
- Guarantee sales volume
-
Which sampling method ensures every member of the population has an equal chance of selection?
- Stratified sampling
- Random sampling
- Convenience sampling
- Quota sampling
-
A business selects respondents based on specific demographic proportions like age and gender. Name this method.
- Cluster sampling
- Random sampling
- Simple sampling
- Quota sampling
-
Which tool uses large datasets and algorithms to predict individual customer purchasing patterns?
- Big data analytics
- Delphi technique
- Consumer panel
- Test marketing
-
What term refers to a recruited group of consumers who provide ongoing feedback over time?
- Consumer panel
- Focus group
- Random sample
- Quota sample
-
If a firm's sample size is too small, what is the most likely impact on market research results?
- Increased validity
- Lower bias
- Reduced accuracy
- Higher cost
-
What statistical trend analysis technique smoothes out short-term fluctuations in historical sales data?
- Moving averages
- Extrapolation
- Break-even analysis
- Correlation analysis
-
Extending a past sales trend line directly into the future assumes which key condition?
- Rising inflation rates
- Increasing market share
- Falling product costs
- Unchanging market conditions
-
Which qualitative forecasting method gathers opinions from a panel of independent industry experts?
- Delphi technique
- Focus group
- Consumer panel
- Brainstorming session
-
A retailer analyses loyalty card data to identify which items are frequently bought together. What is this?
- Test marketing
- Field research
- Market basket analysis
- Desk research
-
A business calculates a 3-month moving average for sales: 100, 120, 140. What is the moving average value?
- 130 units
- 100 units
- 120 units
- 360 units
-
Why might a business prefer secondary research over primary research when anticipating market trends?
- Higher relevance
- Up-to-date data
- Competitive advantage
- Lower cost
-
What risk arises if market research asks leading questions when gathering consumer preferences?
- Research bias
- Data saturation
- Sampling error
- High variance
-
Which market research tool tracks online user navigation and clicks to anticipate purchasing intent?
- Focus group
- Quota sampling
- Clickstream analysis
- Field survey
-
Sales for Q1 to Q3 were 200, 300, and 400. Using linear extrapolation, what is the predicted Q4 sales?
- 300 units
- 600 units
- 500 units
- 400 units
-
What is a major limitation of using historical sales data to forecast future buying behaviour?
- High collection cost
- Requires primary data
- Too much detail
- Ignores sudden changes
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