Researchers usually spend less time and money in gathering primary data compared to secondary data.

Since rubber purchased by Goodyear is utilized to manufacture tires that are ultimately used by consumers for their automobiles, rubber is a consumer product for Goodyear.

As compared to happy customers, unhappy customers typically talk less about their buying experiences.

Critics of Maslow pointed out that depending on the personal value system of an individual, he/she might skip the level of esteem needs and move directly toward self-actualization.

Building and managing long-term relationships between buyers and sellers are the hallmarks of transaction-based marketing.

First-level relationship marketing programs typically rely on pricing and other financial incentives to motivate the customer into a buying relationship with a vendor.

Sampling is the process of selecting survey respondents or research participants.

Frequency marketing programs are promotional efforts sponsored by organizations that solicit involvement by individuals who share common interests and activities.

Marketers rarely encounter differences among members of a target group, as they segment potential consumers into homogeneous groups.

Tangible goods and intangible services both intend to satisfy consumer wants and needs, but the marketing efforts supporting them may be vastly different.