BUS-M370 MARKETING(CUSTOM)W/CDE>IC<
BUS-M370 MARKETING(CUSTOM)W/CDE>IC<
16th Edition
ISBN: 9781323305867
Author: ARMSTRONG/KOTL
Publisher: PEARSON C
Question
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Chapter 4, Problem 1ALC
Summary Introduction

To discuss: The marketing research used by Company RB to learn about its customers preferences and buying preference.

Research techniques:

Marketers use various research techniques to know about the customers taste and preference like online survey, phone survey and, testing.

Expert Solution & Answer
Check Mark

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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