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Studies done with descriptive research
Marketing research chapter 4
Marketing research chapter 4
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Recommended: Studies done with descriptive research
Marketing Research:
Marketing research is the systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organization.
Research Objectives:
Marketing managers and researchers must work closely together to agree on research objectives. The manager best understands the decision for which information is needed and the researcher best understands marketing research and how to obtain the information. Research objectives are often the hardest step in the research process. The manager may know that something is wrong, without knowing the specific causes.
A research objective guides the entire research process. The manager and researcher should put the statement in writing to be certain that
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Gathering these type information questionnaires, observations and interviews are included. This research provides us with information that helps us in making important decisions. They launch new potential line of black Friday in 2017 and they give 50% on entire stock online and in stores. Most of the items are on 20% to 30% and they are very few items are on 50% off. They recently offer winter collection which is attractive for the kids because trendy designs and colors. The target of Minnie Minors is to offer a colorful range of fashionable classics for the children of age groups from 0-5 years. The parents made the purchases according to the new fashion and …show more content…
Descriptive Research seeks to tell “what exist “or “what is” about a certain educational phenomenon. Accurate observations and valuations arise from data that establish the nature and rate of fundamental conditions, practices or description of object, process, and person who are all objects of the study. This means that descriptive research gives meaning to the quality and standing of facts that are going on.
Use of Descriptive Research:
Descriptive Research is to describe the characteristics of appropriate groups, such as consumers, salespeople, organizations, or market areas. It is used to estimate the percentage of units in a specified population presenting a certain behavior. It is also determine the observations of product characteristics and determine the amount to which marketing variables are related. Descriptive research methodology also makes specific expectations.
Reasons of using Descriptive Research Methodology on Minnie Minors:
Following are the reasons of using descriptive research methodology which are as
The company then began to broad their inventory, making it more suitable for adolescents to also shop in their retail by adding more classic styles and occasion dresses.
Marketing research is the systematic design, collection, analysis, and reporting of data and its findings relevant to the specific marketing situation that a company faces (Kotler, 2012). By researching the motorcycle rider, Allstate is able to identify who they are and what they experience. In 2008, Allstate conducted a “Who’s Behind the Helmet” survey. They defined their qualifications as a motorcycle owner who is 18 years of age or older with an income of $50,000 or more. (Floyd, 2008). The 500 person sample size produced insightful and interesting details for Allstate. Jeff...
Marketing research has become a very important part of small businesses and large corporations gaining information about their customers and how they feel about their products and services. According to Philip Kotler, "Marketing research is systematic problem analysis, model building and fact-finding for the purpose of improved decision-king and control in the marketing of goods and services (Kotler & Keller, 2012)”. The initial step in the marketing process is to identify the problem the company is having and then decide the way the marketing team would like to conduct the research. The marketing team will devise a plan on how to gather the information and set a budget for the research project. In the planning of how they will conduct the
Evaluative research is used to determine how well an organization or company is meeting certain sociological goals. Evaluative research is used by a company to measure how well they are meeting their goals and the best way to change to better meet the said goals. Last, sociologist use descriptive research to better explain society. Descriptive research is used to study a social reality such as people in prison re-entering to free society. Using different types of research allows a sociologist to better learn about a topic they are researching and provide relevant
“Research is order, patient study and inquiry in some field of fact which is undertaken to establish certain facts or ethics applicable to content”
Marketing Analysis is “the study and evaluation of market trends. The goal is to determine what products a company should produce and how to sell them. Business strategies and tactics
Polaris Marketing Research (2008). Marketing Research Process: An Overview. Retrieved May 8, 2008, from http://www.polarismr.com/edctr_overview.html
According to the text, marketing research is defined by the American Marketing Association as "The systematic gathering, recording, and analyzing of data with respect to a particular market, where market refers to a specific customer group in a specific geographic area" (McDaniel & Gates, pg. 6). Marketing research serves two basic functions; first to provide data and insight to a company's decision makers and second to use the data to determine new opportunities for a company (McDaniel & Gates, pg. 6). Through the years, Marriott has used market research for opportunities to expand its brands. In the 1980's Marriott identified an opportunity to expand its target market a...
Descriptive statistics can be defined as statistics that summarizes data that is collected from a research. One way of summarizing research data is by calculating the measure of central tendency. Examples of measure of central tendency includes mode, mean and Midian. Data can also be summarized in respect to variance. When the scores are more spread out of the mean, there is a greater variance.
Malhotra, N.K., 2002. Basic Marketing Research: A Decision-Making Approach. Upper Saddle River, New Jersey.: Prentice Hall.
Briefly it is a systematic design, collection, analysis, and reporting of data and findings relevant to a specific marketing situation facing the company, allows management to make the changes necessary for better results through adopting a proactive approach. Therefore, if a company wants to know what type of products or services would be profitable it should make a market research. Furthermore, a comprehensive research will enable the company to know about the product imperfections (if there are) and to know if it has been able to satisfy customers’ needs. It attempts to provide accurate information that reflects a true state of affairs. Due to market research the company can formulate a viable marketing plan and estimate the success of its existing plan. There are two main sources of marketing research information:
Thus, descriptive statistics consists of methods and procedures for presenting and summarizing data. The procedures most commonly employed in descriptive statistics are the use of tables and graphs, and the computation of measures of central tendency and variability. The purpose of descriptive statistics is to summarize or display data so we can quickly obtain an overview.
Descriptive stats summarize data so the data can be comprehended. The researchers prepare a frequency distribution which shows the frequencies as descriptive statistics. Percentages, and averages are also descriptive statistics. Therefore, the descriptive statistics describe sets of data collected through observation. Then the statistics are organized in tables, pie charts, graphs etc. Researchers must be sure the kind of descriptive statistics matches the kind of data that has been collected.
Authors McDaniel and Gates prefer to define marketing research as planning, collecting, and analyzing data relevant to decisions required for marketing. The analysis should also provide communication and insights to management (McDaniel & Gates, 2006).
Striating from the research idea to the culmination of the findings, the research process entails many segments, all of which are imperative. By choosing the research methodology, the researchers can formulate the path to be used in conducting the study and reporting the findings. The methodology helps in the search of literature, development of research questions and the creation of the most suitable study design. It also assists in the interpretation of the results and the publication of the findings in journals.