Question

In: Economics

Debate whether there are any ethical issues to this system of mechanical observation in market research?...

Debate whether there are any ethical issues to this system of mechanical observation in market research? Give reasons for your position.

Solutions

Expert Solution

I am of the opinion that there were no ethical issues related to using mechanical observation for market research. Here the only difference is that machines or mechanical equipment are used instead of humans for the process of observation. The machine used for mechanical market research includes psycho-galvanometer, eye camera, laser scanners, etc. I think there are many advantages associated with mechanical observation in market research. First of all, the respondents are unaware that they are becoming a part of the research, so their original reactions can get using mechanical observation. Another point is that in human observation, the results of the observation may be biased according to the attitude and prejudices of the observer. When it comes to the cost and time, the cost of the human observation method is very high and also it is time consuming. But in the case of mechanical observation the initial cost will be high but running cost is very low and also it is time saving. A human observatory method can lack qualitative richness and depth but while using a mechanical observation, the quality and depth remain unchanged from the first to the last respondent. While using the mechanical observation, the records of the process are automatically get stored and can be kept for future use, but if it is human observatory methods the records of the observation purely depends upon the attitude of the observer. The only issue related to the mechanical research is that we are collecting information without the consent of the respondents. But this enhances the quality and end result of the research.


Related Solutions

In great detail, please describe: Ethical issues businesses may face in the market research process Ethical...
In great detail, please describe: Ethical issues businesses may face in the market research process Ethical issues businesses may face in setting the price and promoting the product Ethical issues a business may face in a global setting and how they differ from domestic concerns
Any Mechanical Engineering Final Year research project topic suggestions?
Any Mechanical Engineering Final Year research project topic suggestions?
What are the ethical issues that will affect a research? How will you address these?
What are the ethical issues that will affect a research? How will you address these?
“Using an ethical framework deontological, examine any ethical issues the firm may encounter with internationalisation into...
“Using an ethical framework deontological, examine any ethical issues the firm may encounter with internationalisation into their two chosen countries(thailand/US). Determine if this impacts their final investment decision” Question to be Answered in context to International business - Outline and justify your chosen ethical framework -          Consider any ethical issues that the firm may encounter linked economic factors. -          Determine if a focus on ethical actions impacts the firm’s final choice to internationalise.
For any controlled scientific study, a scientist starts with an observation, does some research to develop...
For any controlled scientific study, a scientist starts with an observation, does some research to develop a hypothesis, and then designs an experiment that compares some baseline group with a test group. Data are then collected to confirm or refute the hypothesis. As you review the following study, consider whether the researchers correctly followed the scientific method. In the late 1990s, gastroenterologist Andrew Wakefield, along with a research team, set out to determine whether bowel disease caused by vaccines led to...
One of the key elements of any quantum mechanical system is the spectrum of the Hamiltonian....
One of the key elements of any quantum mechanical system is the spectrum of the Hamiltonian. But what about in quantum field theory? It seems as if nobody ever discusses the spectrum of a system at all -- or have I missed something? Just what role does the spectrum of any given potential play in field theory? To put it another way: does knowledge of a spectrum in QM help to understand the analogous problem in QFT?
What are the ethical issues that will affect your research on the danger of social isolation...
What are the ethical issues that will affect your research on the danger of social isolation on mental health? How will you address these?
A big topic in the debate over potential reforms to the US healthcare system is whether...
A big topic in the debate over potential reforms to the US healthcare system is whether or not the US should switch to a single-payer system. Indeed, we already have such a system in Medicare. What’s more, Medicare is larger than most (if not all) existing national health systems. As most of you know our health spending per capita is much higher in the US than in other developed countries. Question 1: explore the difference between the cost of Medicare...
Which of the following observations appear to indicate market inefficiency? Explain whether the observation appears to...
Which of the following observations appear to indicate market inefficiency? Explain whether the observation appears to contradict the weak, semi-strong, or strong efficiency. a) Tax-exempt municipal bonds offer lower pretax returns than taxable government bonds b) Managers make superior returns on their purchases of their company stock. c) There is a positive relation between the return on the market in one quarter and the change in aggregate profits in the next quarter d) There is evidence that stocks which have...
Issues: Identify and explain the main economic and ethical issues concerning how the US political system...
Issues: Identify and explain the main economic and ethical issues concerning how the US political system resembles a duopoly. (ii) Analysis: Analyse the issues identified in (i). You must use relevant economic theory and ethical arguments. (iii) Position: Derive your position on the issues identified in (i). You must provide evidence by interpreting, evaluating, integrating and synthesising your analysis done in (ii). (iv) Critique: Defend your position derived in (iii) against the best possible argument that may be raised in...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT