1:Decisions about which market opportunities to pursue, what customer needs to satisfy, and how to reach potential

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1: Decisions about which market opportunities to pursue, what customer needs to satisfy, and how to reach potential customers are not made in a vacuum. The information provided by marketing research activities is essential in developing both the strategic plan and the specific marketing mix. Focus on the following issues as you relate the concepts in this chapter to the development of your marketing plan.
1. Define the nature and scope of the questions you must answer with regard to your market. Identify the types of information you will need about the market to answer those questions. For example, do you need to know about the buying habits, household income levels, or attitudes of potential customers?
2. Determine whether or not this information can be obtained from secondary sources.
3. Using Table 4.2, choose the appropriate survey method(s)
you would use to collect primary data for one of your information needs. What sampling method would you use?

Table 4.2Economy Flexibility Interviewer bias Sampling and respondents' cooperation Mail Surveys Potentially lower in

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Related Book For  answer-question

Foundations Of Marketing

ISBN: 9780357129463

9th Edition

Authors: William M. Pride, O. C. Ferrell

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