Conduct an interview with someone who matches the segmentation basis of your target market for the market research project. - What questions did you ask? what was their response? analyze - why did you ask those questions? how did you choose how to word/frame the questions? - how did was the interview conducted (email, phone, etc) - analyze the interview in the context of the info you learned and how it helps with your market research project. If it does not, explain why not.
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- n class we discussed qualitative and quantitative market research. Which of the following are examples of qualitative market research? Remember, in market research we are talking directly with people who have or might purchase our product. (Select all answers which apply.) Group of answer choices A phone survey. Going into someone's home and having them show you where they use your product while discussing what they use it for. A focus group. Analyzing data from the company's data vault. Reading books about the market in a library.(a) Why might a marketing researcher prefer to use secondary data rather than primary data in a study? (b) Why might the reverse be true?Beans and Leaves, a coffee shop , would like to open an outlet.The management would like to have some guidance on creating a marketing plan for the new outlet. Based on the qualitiative survey created (see picture), how can the questions in the initial draft of the survey questionnaire be improved ?
- 1. Discuss the real value of marketing research and marketing information and how that value is attained. 2. Discuss the sources of internal data and the advantages and disadvantaged associated with this data. 3. Explain the role of secondary data in gathering customer insights. Where do marketers obtain secondary data, and what are the potential problems in using such data? 4. What are the advantages of web-based survey research over traditional survey research? 5. Conduct a web-based survey to at least 20 college students from different universities to learn what services their university could offer to better meet student needs.1. Describe the marketing research process with the use of a diagram. 2. Define marketing research and explain why companies have to engage in this exercise. 3. Identify five sources of secondary data and describe how these can be used in marketing research.Identify the sampling procedure used in each given research titles. Provide justification for your answer. Title: Demographic Profile and Accounting Practices of Public Store Owners: Basis for a Remediation Action Plan. Sampling Method: Justification:
- As a marketing research consultant hired by a company that manufactures sports drinks, the company is considering the use of social media advertising for its premium sports drink product "Gatorade 0" that has been on the market for the past four (4) years. Conduct research on the impact of social media advertising on the use of sports drinks by athletes. You have decided to use one qualitative and one quantitative method in your research. Prepare 4 research oand 4 research questions for this studyBelbin Beverages Ltd flagship product, a honey flavoured beer targeted to women in the agebracket 21 to 40 has been experiencing slow sales over the past year. However, Belbin’s otherbeer products have continued to perform well. Your task is to conduct marketing research todetermine whether the product should be continued.You must write a report about the marketing research process and your findings.Your report should include: A descriptive research survey approach. This includesa. Objectives of the survey ( define at most three objectives)b. Details about the survey approachc. A questionnaire (with at least 10 questions) that links to the research objectived. How the survey was administered (be specific regarding the amount of workersinvolved, the place/s and time/s)What is big data, and what opportunities and challenges does it provide for marketers? Explain how internal databases differ from marketing intelligence. What are some advantages and disadvantages of both? What is behavioral targeting? Provide an example of behavioral targeting. How are firms responding to consumers and public advocates that it is a form of stalking consumers? Marketers make heavy use of both open-ended and closed-ended questions in questionnaires. What are some of the benefits or drawbacks of using each of these ways to ask questions? The marketing research process has several very distinct and important stages that need to be followed. In your opinion, which is the most important? Justify your view on this.
- Describe the steps involved in conducting a marketing research project, and the purpose of each. (Steps listed are from the MKTG12:Principles of Marketing book) Step one: Identify and formulate the opportunity or problem. Step two: Research design and gather secondary data. Step three: Specify the sampling procedures. Step four: Collect primary data. Step five: Analyze the data. Step six: Prepare and present the report. Step seven: Follow upI need help answering these 3 questions 2.For retailers and channel members, an important method of forecasting sales is A.time series models B.econometric models C.sales force composite estimates D.point-of-sales (POS) based projections 3. In primary research, once data has been collected and the questionnaire has been coded, the next step for the researcher is to A.analyze the data B.interpret the data results C.make recommendations from the findings D.input the data into a computer program 4.Among the sampling decisions that must be made, researchers must select the _____, which is the group of individuals who will be included in the survey. A.sample size B.sampling procedure C.sampling unit D.random probability sampleBased on the AMA's definition of marketing research, which of the following is not one of the uses of marketing research? * To generate, refine, and evaluate marketing actions To monitor marketing performance To solve general, not specific, marketing problems To improve marketing as a process Dorcrintive research designs can generate