Verified Document

Marketing Strategy And Research Select Term Paper

Some exploratory research would be involved, as opinions could be solicited about possible improvements -- and the product could be taste-tested with an eye on further improvements from the selected sampling of the elderly. Causal research is also involved in terms of the why consumers did or did not like the product, and what motivated them to buy the product, if they did so spontaneously, and not as a result of a taste-test prompting. NYU similarly could survey the class of 2005, distributing surveys and conducting a random selection of interviews from the outgoing class through the use of descriptive research. Reebok, however, since it has not yet created its...

Lastly, McDonald's would first need to conduct an exploratory study of the potential areas for the new franchises, followed with a descriptive study of why franchises had succeeded or failed in specific regions of the country, by surveying consumers in the area, and conducting causal research as to the internal causes of the failure in terms of budgeting and financing at such operations.

Sources used in this document:
Discuss the type(s) of researches (exploratory research, descriptive research, causal research) that should be used for the following situations and how should it be used. (E.g. focus groups, price testing, packaging, etc.): 1 Kellogg's needs to find out how their new cereal aimed at mature adults (65+) is doing after a year on the shelves; 2 NYU wants to find out how the 2005 "enjoyed their "stay at the school for the past 4 years"; 3 Reebok wants to test the feasibility of bringing back a past footwear success -- Weeboks, a sneaker aimed at infants; 4 McDonalds needs to find out where to locate their 1000000th franchise.

In the case of Kellogg's, as Kellogg's needs to solicit an opinion from a specific market segment of potential consumers for a product that is not fully formulated in terms of its branding (as it is only a year old) descriptive research of how the elderly consumers find the product would be most appropriate, though the use of focus groups that have tried the cereal or surveys to those who have bought the cereal and did or did not like it over the course of the try-out period. Some exploratory research would be involved, as opinions could be solicited about possible improvements -- and the product could be taste-tested with an eye on further improvements from the selected sampling of the elderly. Causal research is also involved in terms of the why consumers did or did not like the product, and what motivated them to buy the product, if they did so spontaneously, and not as a result of a taste-test prompting.

NYU similarly could survey the class of 2005, distributing surveys and conducting a random selection of interviews from the outgoing class through the use of descriptive research. Reebok, however, since it has not yet created its newest version of the show product, would need to embark upon exploratory research to find out how the new audience of parents would view the baby shoe, with perhaps some causal research to discover why the 1980's version shoe declined in favor, from consumers who had purchased it long ago. Lastly, McDonald's would first need to conduct an exploratory study of the potential areas for the new franchises, followed with a descriptive study of why franchises had succeeded or failed in specific regions of the country, by surveying consumers in the area, and conducting causal research as to the internal causes of the failure in terms of budgeting and financing at such operations.
Cite this Document:
Copy Bibliography Citation

Related Documents

Marketing Strategy Plan Marriott Marketing
Words: 1160 Length: 4 Document Type: Research Proposal

Conceptually, Marriott believes that the same guest falls into a different customer profile depending on the nature of the trip taken. Marriott has a product for every price point chain-scale (as defined by Smith Travel Research) except for the lowest economy segment. The company's commitment to quality and steady brand building has resulted in a strong brand portfolio of hotels, vacation ownership and corporate housing brands that associate quality,

Marketing and Marketing Strategy SLP Marketing Strategy
Words: 861 Length: 3 Document Type: Essay

Marketing and Marketing Strategy SLP Marketing Strategy SLP Assignments Have wondered completely ? Well opportunity combine wondering analysis put flesh dreams. Your SLP assignment MKT301 develop a marketing strategy a service business (hypothetically) manage. Self-Analysis As the entrepreneur in the business I have skill in business marketing and management following from class knowledge. Additionally I have engaged in running a business in an internship and contract basis position charged with the responsibility to

Marketing Strategy and Practice Marketing
Words: 1151 Length: 3 Document Type: Essay

From the place or distribution standpoint, Cincom relies on a direct sales force for the majority of its sales. This translates into the sales force for Cincom visiting the companies who are interested in purchasing their solutions and providing conference room pilots or demos of their software. Cincom also concentrates on creating demos that match to the needs of their customers exactly, by first evaluating the process workflows and procedures

Internet Marketing Strategy of Argos
Words: 3862 Length: 15 Document Type: Essay

Internet Marketing Strategy of Argos The purpose of this essay is to examine the Internet marketing strategy of Argos. Argos is a home retail group and market leader in retail sales of home and general merchandise. Argos reports that it is a "unique multi-channel retailer recognized for choice, value, and convenience." (Argos Website, 2011) Argos and the Online Market: Size and Growth Argos customer base is approximately 130 million and reports state that

Toyota Marketing Strategy What Marketing Exactly Is
Words: 1338 Length: 4 Document Type: Essay

Toyota Marketing Strategy What marketing exactly is? Marketing is a very unique set of activities which show a great and valuable impact on the entire organization. A company cannot sell its all products to a single customer or at a same market. There are numerous markets and they all are diverse according to their demand and buying requirements. That's why each company needs to identify its market segmentation, market segmentation procedure, pattern

Small-Business Marketing Strategy Small Business Derrick Fine
Words: 1531 Length: 5 Document Type: Essay

Small-Business Marketing Strategy Small business Derrick Fine Foods were established in 2001 by Derrick John with the San Francisco store being the first, followed by New York branch and the Tennessee. DFF deals in various consumables hence has the bakery department, meats department, produce section, cheese and dairy section as well as wine section. This gives it a wide coverage in terms of the edibles that may be needed on a daily

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now