Introduction
Potential Traders Ltd is wanting to open a new coffee shop in Jackson Street, Petone. Initial research has been completed on costings and viability of the business. Needs Analysis Consultants have been hired to consult a number of various primary and secondary data collection methods to determine the potential number of customers and whether it translates into a profitable income.
Purpose
The purpose of this report is to analyse the potential methods that may be used in conducting research for this project, and to outline the research design.
Research Topic
Management question
Will it be profitable to open a new coffee shop in Petone?
Hypothesis
There is sufficient foot traffic on Jackson Street to warrant a profitable new coffee shop.
Research question
Will the quantity of foot traffic on Jackson Street make it profitable for Potential Traders Ltd to open a new coffee shop?
Objectives
1. To find out how much foot traffic Jackson Street has during a normal business day (7am-4pm).
2. To find out if the quantity of foot traffic will translate into a profitable income for a new coffee shop.
Literature search and critique
Quantitative methods used in the business environment
Quantitative research methods measure things, quantify issues and are characterised by numerical measures that allow for direct analysis, comparisons, and the formulation of graphs and tables (USCLibraries, n.d.). Some key quantitative research methods are:
Data mining
Definition
For this project, I have decided to open a coffee shop that serves regular and specialty coffee, and small pastry items that is located in a prominent neighborhood near a train station or a high foot traffic area. Coffee has become a popular beverage where it is not just needed in the mornings but throughout the day, whether they are on their way to work or just to sit and relax. I am a coffee drinker myself and it is uncommon to find a coffee place that has a warm, home feeling atmosphere. It is important to have one of these types of coffee shop in any neighborhood. My goal is to provide every customer coffee and pastry whether
needs of the community and customers they are serving it could directly increase profits and bottom
Costa coffee founded in 1971 in London, UK. Now, it has become the biggest top coffee shop chain in UK. However, Costa should be prepared for danger in times of peace. In this report, some suggestions will be proposed to improve Costa coffee’s marketing mix over the next three years. We begin with a brief description of the data we collected, then go on to analyses coffee shop market environment in UK; the next section looks at Costa coffee’s current statement of marketing mix, and finally we give recommendation of the marketing mix in the next year for Costa Coffee. Section 1 Primary research method Primary data was collected in the form of questionnaire with 15 questions, which was posted on the Internet. Also,
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The contents of this chapter contains the research methodology of the project. As such, within this chapter the outline of the research strategy, the research method, the research approach, the data collection methods, sample selection, the form of data analysis, any ethical considerations and the research limitations are discussed.
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The total market for the café industry is roughly $4.3 billion dollars in Australia. Total market for the café is roughly 1% of the total market in which we serve about 200 000 to 300 000 customers throughout the year. We mainly serve coffee as there are many occasions that coffee can be used as a way to meet up with people.
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North Brunwick, an open air shopping center located at 1345 U.S. Route 1, in North Brunwick New Jersey is a real estate project development which is being offered for sale. The Center boasts ample parking, great visibility and easy access to the Route 1 shopping corridor, which includes retailers such as Costco, Target, Walmart, Macy’s Furniture, Modell’s, Burlington Coat Factory, Babies R Us, Barnes & Noble, PetsMart, and Bed Bath & Beyond. The intended market for the site is retail customers. The analysis of the market area and site demonstrated that the land use can involve retail project targeting retail customers. To support the retail development, it is essential to keep in mind two factors such
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Quantitative methods are research techniques that are used to gather quantitative data — information dealing with numbers and anything that is measurable e.g. Statistics, tables and graphs, are often used to present the results of these methods.
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