Back to Topic 4.4 — Market research
4.4.3BM SL20 flashcards

Sampling methods

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Card 1 of 204.4.3
Question

What is sampling?

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All 20 Flashcards — Sampling methods

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Card 1definition

Question

What is sampling?

Answer

Selecting a small group of people to represent the whole market — you can't ask everyone.

💡 Hint

Small group = whole market

Card 2definition

Question

What is convenience sampling?

Answer

Choosing whoever is easiest to reach (e.g. people walking past). ✅ Fast/cheap. ❌ Not representative.

💡 Hint

Easiest to reach

Card 3concept

Question

Low budget, quick results needed — which sampling?

Answer

Convenience sampling — fast and cheap, though less representative.

💡 Hint

Convenience

Card 4concept

Question

Four sampling methods?

Answer

Convenience (easy), Random (equal chance), Quota (set numbers), Stratified (subgroups + random).

💡 Hint

C-R-Q-S

Card 5concept

Question

Why do businesses use samples instead of surveying everyone?

Answer

Researching the entire market would be too expensive and time-consuming.

💡 Hint

Cost + time

Card 6concept

Question

Convenience: easy but ___. Random: fair but ___

Answer

Convenience = biased. Random = costly.

💡 Hint

Biased vs costly

Card 7definition

Question

What is random sampling?

Answer

Everyone has an equal chance of being selected. ✅ Reduces bias. ❌ Expensive to organise.

💡 Hint

Equal chance for all

Card 8concept

Question

Need fair, unbiased representation — which sampling?

Answer

Random sampling — everyone has equal chance, reducing bias.

💡 Hint

Random

Card 9concept

Question

Bigger, more representative samples give ___

Answer

More reliable results that better reflect the whole market.

💡 Hint

Reliable results

Card 10definition

Question

What is quota sampling?

Answer

Researcher sets quotas for specific groups (e.g. 50 men, 50 women). ✅ Key groups represented. ❌ Selection within groups may be biased.

💡 Hint

Set numbers per group

Card 11concept

Question

Want specific groups represented — which sampling?

Answer

Quota or stratified — both ensure key demographic groups are included.

💡 Hint

Quota or stratified

Card 12concept

Question

What makes a good sample?

Answer

Bigger and more representative = better, more reliable data.

💡 Hint

Big + representative

Card 13concept

Question

A well-chosen sample gives ___ results

Answer

Reliable results that reflect the views of the whole market.

💡 Hint

Reliable

Card 14definition

Question

What is stratified sampling?

Answer

Population divided into subgroups, then random samples taken from each. ✅ Very representative. ❌ Needs detailed population data.

💡 Hint

Subgroups + random from each

Card 15concept

Question

Always match sampling method to ___

Answer

Business situation and budget — there's no single best method.

💡 Hint

Situation + budget

Card 16concept

Question

When discussing sampling in exams, always explain ___

Answer

WHY that method suits the specific business — don't just describe it.

💡 Hint

Why it suits THIS business

Card 17concept

Question

Quick: Most representative method?

Answer

Stratified sampling — proportional random selection from each subgroup.

💡 Hint

Stratified

Card 18concept

Question

Small niche market — which sampling might be enough?

Answer

Convenience — in a small market, easily reachable people may already be representative.

💡 Hint

Convenience

Card 19concept

Question

Which sampling method is most representative?

Answer

Stratified — reflects the actual market structure by sampling proportionally from each subgroup.

💡 Hint

Stratified

Card 20concept

Question

The bigger the sample, the ___ the data

Answer

More reliable — large samples are more likely to represent the whole market accurately.

💡 Hint

More reliable

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IB BM Sampling methods Flashcards | 4.4.3 | Aimnova | Aimnova