4-16. Providing a real-world example, describe how Nielsen might discover a consumer insight. Most people know Nielsen
Question:
4-16. Providing a real-world example, describe how Nielsen might discover a consumer insight.
Most people know Nielsen as the TV ratings company. In reality, however, Nielsen is a multiplatform market research company that has constantly been evolving since 1923. Its goal is to measure and track a wide range of consumer activity in order to establish a 360-degree view of individuals and market segments.
To accomplish this, Nielsen has to follow consumers wherever they may be—watching TV, online, in their homes, or in stores.
How does Nielsen track all this activity? The veteran research firm has established effective methods of recording consumer activity, from retail scanner data to household panels to monitoring social networks. As data are captured, they are transferred to a Nielsen data warehouse, where they are matched to the right individual and added to the terabytes of information Nielsen already possesses. Through data sorting and analytics, Nielsen cuts through billions of daily transactions to deliver clear consumer insights to clients.
Step by Step Answer:
Marketing An Introduction
ISBN: 9781292146508
13th Global Edition
Authors: Marc Opresnik, Gary Armstrong, Philip Kotler