To discuss: The
Research techniques:
Marketers use various research techniques to know about the customers taste and preference like online survey, phone survey and, testing.
Explanation of Solution
The research plans:
- Gathering secondary data, and,
- Primary data
RB Company must gather information regarding the economic, demographic, lifestyle of the current customers, the number of fast food and casual diners, forecasting and inside profits and sales.
The research plan must start with a written proposal. It includes the research objectives, its benefits, objectives, problems associated with the research and others.
Next plan is to gather the secondary data and primary data. Here the secondary data of RB Company cannot be found as it is not yet installed.
Primary data can be collected from various sources to decide on the introducing the new water line. The various research approaches in primary data are as follows:
- Research approach
- Contact method
- Sampling plan
- Research instruments
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Chapter 4 Solutions
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