Online published on 26 June, 2013.
Quantitative marketing research is the application of quantitative research techniques to the field of marketing. in the modern marketing viewpoint[16] that marketing is an interactive process in which both the buyer and seller reach a satisfying agreement on the Kotler[2,3]"four Ps" of marketing: Product, Price, Place (location) and Promotion[2,3]. As a social research method, it typically involves the construction of questionnaires and scales. People who respond (respondents) are asked to complete the survey. Marketers use the information so obtained to understand the needs of individuals in the market place, and to create strategies and marketing plans[2,3].
marketing research, sales volume, innovation, electrical system analogy, quantitative marketing