Marketing Home assignment
Market research
Market research report of the Volkswagen Golf VI.
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Table of contents
Table of contents 2 Introduction 3 Market research 4 Defining the problem and research objectives 4 Developing the research plan for collecting information 5 Implementing the plan, collecting and analyzing data 7 Interpreting and reporting the findings 8 Conclusion what the market research tell us 8 The application part of the Market Research 9 Application the theory part for this situation 9 Analyzing and reporting the findings 11 Conclusion 13 References 14 [pic] 15
Introduction
Our company, Car Market Research Ltd. is a market research company. This company was
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When they defined the problem, they have to set the research objectives. The marketing research has three types: 1.Exporatory research 2. Descriptive research 3. Casual research
First the company has to lead an exploratory research. Explore what the exact problem is: this includes the gathering of preliminary information that will help define the problem and suggest hypotheses. After gathering the information from exploratory, the company needs to define another objective, which is descriptive in this case- that is to ascertain certain magnitudes- demographic information. Some research is casual- that is to test a cause-and-effect relationship.
Developing the research plan for collecting information
“The second step of the marketing research process calls for determining the information needed, developing a plan for gathering if efficiently and presenting the plan to marketing management. The plan outlines sources of existing data and explains the specific research approaches, contact methods, sampling plans and instruments that researchers will use to gather new data”(Phillip Kotler: Principles of marketing)
Secondary and primary research
Secondary data exist of information that already exists somewhere, having been collected for another purpose. It is a quick way to get information and it is cheaper than primary data. Although it can not provide all the necessary data, so primary
Marketing research is very important component of a business used to identify and define the opportunities and problems that they will encounter on the market. The aim
Secondary data using existing data, as related to new data that is being gathered or have been recently gathered. Information already exist on the topics that are being studied. In quantitative approaches, it is this knowledge that assists one with finding the hypothesis to be examined in the new research. It opens the door for the researcher to further explore and generate new questions for the study. This also allows the researcher to find gaps in the research process. Secondary data sources can be acquired via the
Marketing Research on the New Volkswagen Golf Marketing research aims to take some of the risk out of marketing decisions by providing information that can form part or the entire basis of decision-making. It is applicable to all aspects of marketing-mix decisions and should be an integral part of the process of formulating marketing strategy. Marketing research by definition is the function that links the consumer, customer and public to the market through information- information used to identify and define marketing opportunities and problems; generate, refine, and evaluate marketing actions; monitor marketing performance; and improve understanding of marketing as a process. Marketing researches specifies the information required to
Secondary information is data which is derived from primary information and can be found via books, newspapers, internet etc. Secondary information is less reliable than Primary information because you cannot be certain as to how precise it is.
They need to make a qualitative research; they can improve a decision to contract a research company to obtain the data collection, with the information they can design a framework for conduct the study (how they are going to keep the analysis). They determine possible answers to the research questions (what spectator says), this study need to test the hypothesis (American Idol Case), to provide the information needed for the conclusion (share with professionals that’s marketing research is a good idea). The design should guide the consideration, including the benefits and cost of this study.
Secondary analysis: a research method in which the data were collected for some other purpose but still are useful to the researcher.
Marketing research defined is “the systematic design, collection, analysis, and reporting of data and findings relevant to a specific marketing situation facing the company” (Kotler & Keller, 2009, p. G6). Juice Guys methodology to obtain
M1: Explain, with examples, how different market research methods are appropriate to assist different marketing situations. Looking back at the market research methods that could be used to collect information, methods such as questionnaires/ survey, observation, focus groups, experimentation, internet, website monitoring etc. I am going to select 3 primary and 3 secondary methods of research from the ones I have written about. I have chosen 3 primary researches which are: •
Hyman, M. R., & Sierra, J.J. (2010). Marketing research kit for dummies. Wiley Publishing, Inc.
Secondary marketing research is based on information previously gathered by an individual, the government, and other agencies. “Secondary sources are those sources of information that have been collected previously by other individuals or organizations. Secondary sources of information can help you to identify other sources of information, it can help you to get an overall picture of your market or it may provide more detailed information on a specific segment of the market” (Karen Paiyo). There are also various research tools used when conducting secondary research. Secondary research can be acquired from previous reports, public sources, newspapers, magazines, commercials, educational sources, and websites. Secondary research is often easy to find and generally free. It is much more inexpensive than primary research. An example of secondary research is a general manager, of a professional baseball team, gathering a summation of statistical information (of a player whose contract is expiring) from previous
3.8 Explain the limitations of marketing research used to contribute to the development of a selected organisation’s marketing plans (M2)
Given the situation, a determination can be made about its relation to each of the first three steps in the marketing research process. At this point, Joe has already undertaken some actions that are consistent with the defining research objectives step. The first thing that Joe has done is define his situational problem. Although it appears to be lacking in content and clarity, he recognizes “that a great deal of research in
Secondary research is the process of searching published reports, articles, and books for information other people have collected.
Key concepts of a marketing research problem is first determine management decision problems, and then defining a broad marketing research problem, which in turn should be narrowed down by specific components. These specific components guide researchers to define an approach to the problem, find relevant objective/theoretical framework and choose among
In order to make an analysis of the variation regarding ANOVA, we considered the commercial society S.C. RUCOM S.A. from Craiova, Dolj, 107 Caracal Street, dealer in the sale of cars mark Opel, even from 2002. Starting with 2004, S.C. RUCOM S.A. becomes dealer for cars mark Chevrolet too, cars that first appear on the market in Oltenia that year, being, as a matter of fact, not that known on the Romanian market, in general. The Chevrolet cars, being them from the variety Kalos, Lacetti or Evanda, but especially the ones from the variety Kalos, present a few attractive characteristics for the potential clients. Thus, in the first place, the Chevrolet Kalos cars are