Marketing research
As the marketing director for a large retailer, you have been given the task of understanding why consumer demand has decreased dramatically for one of the company’s store-brand signature products. To understand this outcome, you will need to gather information from consumers and store employees. Once the data has been collected, you will analyze it and submit a report to the executive leadership team. Your paper should answer the original question and include a recommendation for resolving the problem based on your study’s findings.
You may choose a company or create a fictional one that can be used throughout this course.
One of the key concepts of research is called sampling. Sampling uses a small part of a population to discover and describe characteristics of the whole population. You will design a sampling procedure that will meet the requirements of rigor for sample selection.
- Provide a brief description of the name of the company and its signature products.
- Include a research question(s) that represents the need described in the scenario.
- Create a list of 30 fictional names.
- Select fictional people to participate in your practice study described in the scenario above.
- The final sample needs to include at least 6 names from your list.
- Write a description of the sampling procedure that you employed and the outcomes of it.
- In other words, how did you go about selecting the 6 names?
- Please include a description of the group composition (for example: number of males and females).
- Include how you would gather and analyze information, answer your research question(s), and present your findings to the executive leadership team.
Solution Preview
Incliner Foods Company is a food and beverage company located in Brooklyn, New York. The company’s products are; Incliner biscuits, Incliner cakes and Incliner juice. The company has been in operation for over 15 years, and the management wants to expand its….
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