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May 2023 term · Market Research · BSMS3002

Market Research Quiz 2: 6 August 2023 (May 2023 term)

The IIT Madras BS Market Research (Market Research) Quiz 2 paper sat on 6 Aug 2023, in the May 2023 term: 25 questions for 50 marks in 120 minutes. Every question is below with its answer. Take it as a timed mock test to be marked, or read it through first.

Questions
25
Marks
50
Duration
120 min
MCQ
22
MSQ
1
Numerical
2

Updated

Official paper: IIT M DEGREE AN3 EXAM QPE3 06 Aug 2023 · No negative marking.

Question 1

+2 marksOne correct option

Given below are a series of measures. Please classify them into the study type that they are likely to come into. Some of the measures can come in more than one kind of study, so multiple responses are ok and answer the given subquestions.

Feedback on commercial terms given to the retailer by the distributor

  1. A

    Brand health

  2. B

    Customer sat

  3. C

    Ad pretesting

  4. D

    Product testing

  5. E

    Concept testing

  6. F

    Employee sat

  7. G

    Chanel sat

Show answer

Correct answer

  • G

    Chanel sat

Question 2

+2 marksOne correct option

Given below are a series of measures. Please classify them into the study type that they are likely to come into. Some of the measures can come in more than one kind of study, so multiple responses are ok and answer the given subquestions.

Opinion about the work culture at the workplace

  1. A

    Brand health

  2. B

    Customer sat

  3. C

    Ad pretesting

  4. D

    Product testing

  5. E

    Concept testing

  6. F

    Employee sat

  7. G

    Chanel sat

Show answer

Correct answer

  • F

    Employee sat

Question 3

+2 marksOne correct option

Given below are a series of measures. Please classify them into the study type that they are likely to come into. Some of the measures can come in more than one kind of study, so multiple responses are ok and answer the given subquestions.

Whether the product or service met the expectations for which it was bought

  1. A

    Brand health

  2. B

    Customer sat

  3. C

    Ad pretesting

  4. D

    Product testing

  5. E

    Concept testing

  6. F

    Employee sat

  7. G

    Chanel sat

Show answer

Correct answer

  • B

    Customer sat

Question 4

+2 marksOne correct option

Given below are a series of measures. Please classify them into the study type that they are likely to come into. Some of the measures can come in more than one kind of study, so multiple responses are ok and answer the given subquestions.

Disposition towards the brand

  1. A

    Brand health

  2. B

    Customer sat

  3. C

    Ad pretesting

  4. D

    Product testing

  5. E

    Concept testing

  6. F

    Employee sat

  7. G

    Chanel sat

Show answer

Correct answer

  • A

    Brand health

Question 5

+2 marksOne correct option

Given below are a series of measures. Please classify them into the study type that they are likely to come into. Some of the measures can come in more than one kind of study, so multiple responses are ok and answer the given subquestions.

Impact of the ad on brand disposition

  1. A

    Brand health

  2. B

    Customer sat

  3. C

    Ad pretesting

  4. D

    Product testing

  5. E

    Concept testing

  6. F

    Employee sat

  7. G

    Chanel sat

Show answer

Correct answer

  • C

    Ad pretesting

Question 6

+2 marksOne correct option

Given below are a series of measures. Please classify them into the study type that they are likely to come into. Some of the measures can come in more than one kind of study, so multiple responses are ok and answer the given subquestions.

Feedback on frequency of salesperson visit

  1. A

    Brand health

  2. B

    Customer sat

  3. C

    Ad pretesting

  4. D

    Product testing

  5. E

    Concept testing

  6. F

    Employee sat

  7. G

    Chanel sat

Show answer

Correct answer

  • G

    Chanel sat

Question 7

+2 marksOne correct option

Given below are a series of measures. Please classify them into the study type that they are likely to come into. Some of the measures can come in more than one kind of study, so multiple responses are ok and answer the given subquestions.

Appeal of the creative execution

  1. A

    Brand health

  2. B

    Customer sat

  3. C

    Ad pretesting

  4. D

    Product testing

  5. E

    Concept testing

  6. F

    Employee sat

  7. G

    Chanel sat

Show answer

Correct answer

  • C

    Ad pretesting

Question 8

+2 marksOne correct option

Given below are a series of measures. Please classify them into the study type that they are likely to come into. Some of the measures can come in more than one kind of study, so multiple responses are ok and answer the given subquestions.

Taste preference in blind form

  1. A

    Brand health

  2. B

    Customer sat

  3. C

    Ad pretesting

  4. D

    Product testing

  5. E

    Concept testing

  6. F

    Employee sat

  7. G

    Chanel sat

Show answer

Correct answer

  • D

    Product testing

Question 9

+2 marksOne correct option

Given below are a series of measures. Please classify them into the study type that they are likely to come into. Some of the measures can come in more than one kind of study, so multiple responses are ok and answer the given subquestions.

Intention to try pre-price exposure

  1. A

    Brand health

  2. B

    Customer sat

  3. C

    Ad pretesting

  4. D

    Product testing

  5. E

    Concept testing

  6. F

    Employee sat

  7. G

    Chanel sat

Show answer

Correct answer

  • E

    Concept testing

Question 10

+2 marksOne correct option

Given below are a series of measures. Please classify them into the study type that they are likely to come into. Some of the measures can come in more than one kind of study, so multiple responses are ok and answer the given subquestions.

Brands that can command a price premium

  1. A

    Brand health

  2. B

    Customer sat

  3. C

    Ad pretesting

  4. D

    Product testing

  5. E

    Concept testing

  6. F

    Employee sat

  7. G

    Chanel sat

Show answer

Correct answer

  • A

    Brand health

Question 11

+5 marksOne correct option

Given below are the brand health results of two brands.(Note, some degree of subjectivity will be required here. The subjectivity should be based on conceptual clarity about the importance of each variable. You can also mention your reason for your choice).

Based on the above data, answer the given subquestions.

Which brand is doing better?

  1. A

    Brand A

  2. B

    Brand B

Show answer

Correct answer

  • A

    Brand A

Question 12

+5 marksOne or more correct options

Given below are the brand health results of two brands.(Note, some degree of subjectivity will be required here. The subjectivity should be based on conceptual clarity about the importance of each variable. You can also mention your reason for your choice).

Based on the above data, answer the given subquestions.

Identify the correct reason(s) for the brand that is doing better.

Select all that apply.

  1. A

    Unaided awareness is higher for A

  2. B

    Current use is higher for A

  3. C

    Total awareness is higher for B

  4. D

    Lapsing ratio is higher for A

Show answer

Correct answers

  • A

    Unaided awareness is higher for A

  • B

    Current use is higher for A

Question 13

+2 marksNumerical answer

Given below are the results of the intention to recommend question for a brand which has done a c sat study. Pl calculate the NPS

Scale points%
03
18
20
30
41
52
618
725
823
99
1011
Show answer

Correct answer: -12

Question 14

+4 marksNumerical answer

Given below is the raw data from an employee sat study. Sample size is 10 employees.

Based on the above data, answer the given subquestions.

What is the mean score on satisfaction?

Show answer

Correct answer: 3.8

Question 15

+4 marksOne correct option

Given below is the raw data from an employee sat study. Sample size is 10 employees.

Based on the above data, answer the given subquestions.

What % has got top two box in willingness to recommend?

  1. A

    30%

  2. B

    20%

  3. C

    10%

  4. D

    40%

Show answer

Correct answer

  • A

    30%

Question 16

+1 markOne correct option

For a new product to be launched safely, the product needs to go through concept testing, product testing, and then a full-fledged demand estimation

  1. A

    TRUE

  2. B

    FALSE

Show answer

Correct answer

  • A

    TRUE

Question 17

+1 markOne correct option

If an ad is enjoyable, it will automatically persuade consumers to buy the brand even if the message is weak

  1. A

    TRUE

  2. B

    FALSE

Show answer

Correct answer

  • B

    FALSE

Question 18

+1 markOne correct option

We can measure the extent to which a campaign has succeeded in impacting the consumer disposition towards a brand

  1. A

    TRUE

  2. B

    FALSE

Show answer

Correct answer

  • A

    TRUE

Question 19

+1 markOne correct option

A customer can be satisfied with the product experience, but may still shift to some other brand if the promise is attractive enough

  1. A

    TRUE

  2. B

    FALSE

Show answer

Correct answer

  • A

    TRUE

Question 20

+1 markOne correct option

NPS is the mean score of the recommend question divided by the mean score of satisfaction question

  1. A

    TRUE

  2. B

    FALSE

Show answer

Correct answer

  • B

    FALSE

Question 21

+1 markOne correct option

Unaided awareness is one of the key metrics that define how strong a brand is

  1. A

    TRUE

  2. B

    FALSE

Show answer

Correct answer

  • A

    TRUE

Question 22

+1 markOne correct option

Blind product testing is not needed for challenger brands

  1. A

    TRUE

  2. B

    FALSE

Show answer

Correct answer

  • B

    FALSE

Question 23

+1 markOne correct option

A well conducted product test can tell if the test product has enough consumer acceptance to do well if launched

  1. A

    TRUE

  2. B

    FALSE

Show answer

Correct answer

  • A

    TRUE

Question 24

+1 markOne correct option

If a concept test is positive and then the following product test is negative, it means the product is not good enough to meet the promise of the concept

  1. A

    TRUE

  2. B

    FALSE

Show answer

Correct answer

  • A

    TRUE

Question 25

+1 markOne correct option

Brand health metrics need face-to-face quantitative research and cannot be measured using online studies

  1. A

    TRUE

  2. B

    FALSE

Show answer

Correct answer

  • B

    FALSE