Question: can u help me: This is your chance to do some real qualitative market research. To answering the following questions, you'll need to reach out

can u help me:

This is your chance to do some real qualitative market research. To answering the following questions, you'll need to reach out to another student in the Marketing Management program and conduct an interview. Assuming that you're still the marketing director of Bull Power Energy Drink, "individual consumer profile" report on your subject individual. Is this someone who might be interested in your product? Some of the areas you might want to ask about are:

  1. What reference groups influence their decision making most in terms of food and beverage purchases?
  2. What consumption subcultures do they identify with?
  3. What demographic factors are relevant? (Age, language(s) spoken, income level, etc.,).
  4. What aspects of their lifestyle are important for you to consider?
  5. Are they consumers of competitor products?
  6. How do they "feel" about your product or about competitor products? What values does this individual have that might inform how they think about your product?

Some important points to keep in mind when you complete this portion of the exam:

  • Please note that the list of questions above is not exhaustive. Depending on how your interview goes, you might wish to ask different questions than the ones above. For instance, if the person tells you that they absolutely hate energy drinks, or have never had an energy drink they like, then you might want to structure your interview more around figuring out how you could position your product to appeal to them more.
  • If you're the one being interviewed, you do not need to provide private information you're uncomfortable providing (income, age, etc.). If you'd prefer, feel free to make up imaginary information about yourself.
  • When you're explaining your final report, DO NOT include the person's name who you've interviewed. Just call them "subject A" or make up an imaginary name.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Marketing Questions!