UNIT SIX MARKET RESEARCH Ch. 6 The Research Process Steps in the Process -ID the problem -Conduct...

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UNIT SIX MARKET RESEARCH Ch. 6 The Research Process Steps in the Process -ID the problem -Conduct secondary research data collected from some other purpose -Select/design primary research original research data -Collect data -Analyze data

Transcript of UNIT SIX MARKET RESEARCH Ch. 6 The Research Process Steps in the Process -ID the problem -Conduct...

Page 1: UNIT SIX MARKET RESEARCH Ch. 6 The Research Process Steps in the Process -ID the problem -Conduct secondary research data collected from some other purpose.

UNIT SIX MARKET RESEARCHCh. 6 The Research Process

Steps in the Process

-ID the problem

-Conduct secondary research

data collected from some other purpose

-Select/design primary research

original research data

-Collect data

-Analyze data

Page 2: UNIT SIX MARKET RESEARCH Ch. 6 The Research Process Steps in the Process -ID the problem -Conduct secondary research data collected from some other purpose.

Market Research

•How is data?

Experiment: minor league ticket prices

Observation: sports apparel kids a wearing

Survey: questionnaire

Focus Groups: panel discussion

Page 3: UNIT SIX MARKET RESEARCH Ch. 6 The Research Process Steps in the Process -ID the problem -Conduct secondary research data collected from some other purpose.

Market Research• Sample: How to select the sample

Sample size

Data Mining: collect data from several data sources

Report and Analyze Data

Mission Statement: an outline of the business’s purpose and the products and services it will offer

Marketing Plan: a written document that provides direction for the marketing activities of a company.