HND市场学outcome 1 考题及参考答案

1 please describe the purpose and importance of marketing research to organisations expected response approximately 200 words Answering this question you ll be asked to interpret the meaning of marketing research first then explain the importance of marketing research An explaination of the importance of marketing research to include points such as Definition of marketing research Marketing research is a method or instrument by gather collect sort process analyse interpret information and finally draw an useful conclusion the company s marketing strategy will benefit from Explain the importance of marketing research you will be suggested as follows to meet the needs of its market where a company needs to understand its customers Companies use marketing research to identify ther potential markets Marketing research helps organisation create satisfied customers through the provision of the right goods products in the right place at the right price with the right information promotion Reference Marketing research is a systematic objective collection and analysis of data about a particular target market competition and other environment inluding internal and external environment It always incorporates some form of data collection whether it be secondary research or primary research which is collected direct from a respondent The marketing research aims at meeting the needs of its market where a company needs to understand its customers With the change or development internal and external environment of company the product market will varies from many factors such as customers wants or demands Since meeting consumers needs is the basic commercial laws and important for the company s survival and profits making the company can do some efforts to create more customers utilities satisfaction by marketing research At the same time customers satisfaction will be maximized if they are provided the right prodcts in the right place at the right price and with the right promotion abbreviated 4P in next text The 4P s product mix is closely correlated with the marketing research With the coming of the products market growing and mature the quantity of competitors increases there is no more space available of prodcts profits making In order to survive to keep the existing profit or to increase the profit company have motions to explore the potential markets by marketing reseach 2 expected response approximately 300 words a describe and distinguish between primary and secondary data a definition of primary data a definition of secondary data A comparison of primary and secondary data such as Primary data is firt hand information secodary data is the second hand information Primary data is field research Secondary data is desk or library research Primary research can be gathered through questionnaires focus groups or obserbations etc Secondary data can be gathered from within the company or outside the company Reference Primary data is the information collected for particular specfic purpose at hand Secondary data exists somwhere gathered for another purpose The difference between the primary data and the secondary data can be listed as follows Just as its name implies primary data is the first hand information while secondary data is the seond hand information That is to say primary data is field research which is gathered by an organisation for its own specific purpose Seondary data is desk or library research which is gathered from the library and internal organisation etc So we can conclude that secondary data is started first the more expensive time consuming primary research will be used only when missing information has to be collected by marketing research Secondary data comes from both the internal database and information publicly available marketing intelligence While primary data can gathered from outside the organisation There is the difference in the instrument of the two data Primary data can gathered through survey We can survey the targeting by mail phone or internet It can collected through observation by ethnographic research or sending its staff to observe It also can gaghered information by focus group interivewing and by experimental research While the secondary data can be sorted from public available information and internal information the public available information may include government s report of industry the news of competitors website the references form library free industry research database public limited company s information etc b idetify the advantages and disadvantages of using secondary data Advantages Relatively cheap and easily accessible Vast quantities of information covering a wide range of subjects are available Data has already been analysed and processed Organisations have gathered information over many years and trends and patterns can be identified Governments produce statistics about markets and consumer habits Disadvantages Not specific to a particular organisation Possibly out of date Not exclusive to a particular company so is also available to rivals Analysis to the data may be biased Reference There are five main key advantages of secondary data The fist it is cheaper and can be obtained more quickly The seond Vast quantities of information covering a wide range of subjects are available The third since secondary data exists somewhere it has already been analysed and processed The fourth organisations have gathered information over many years and trends and patterns can be identified so that the data is used because public receive it undoubtedly The last Governments produce statistics about markets and consumer habits so if the change of environment can be neglected the resources about markets can be used The disadvantages of secondary data includes as follows it is provided to pulic so it can not provide specific information for a particular organisation that is to say the rivals possibly have the same accesses to gain the similiar information It ages easily so it is possibly out of date Secondary data is not specially prepared for the specific problem of marketing so the outcome maybe be biased c identify different secondary soures which the organisation in the case study might use Government statistics about social trends from the Annual Abstact of Statistics The financial accounts of rival company Sales records from within the company to identify growing declining areas Newspaper articles about the latest toy crazes in America Census figures which highlight population changes Government statistics about the state of the economy 3 explain how the organisation in the case study might use different types of marketing research Provide realistic and relevant examples of types of marketing research which the organisation could use to improve its current business situation expected 400 words The company could carry out questionnaires in retail outlets such as retailers and other middlemen by telephone personal talk or online the company could visit parent and toddler groups to observe how children play with toys The company could invite pre school children to play in the observation room exlusively bulit for research the marketing managers could watch or observe the children s behavior by scanners or through the window outside the observation room The company hire an well trained person who was good at marketing research to observe the parent and children s buying behaviors The company could organise focus groups to discuss new products with groups of 10 12year olds The company could create a flexbile and comfortable talk chat environment start from an interesting topic so as to calm down the groups then induct them to speak their true views on the exploration of the new product The company could carry out the quesitonnaires to make sure the customers buying preference and their habbits of buying toys by this process the company can gain some resources about the development of the new products for added customer market which can be described with 10 12year olds The company could send out questionnaires to the toy buyers for exsiting products in different retail stores such as toy stores super markets etc The contact methods are available which are mail phone personal talk and online If the outlay for marketing research is enough the suggested method is personal talk Because this method is easy to control the quality of research The company could organise focus groups to discuss exsiting products with groups of pre school year olds Since the customers characteristic the form of research maybe variable and flexible Maybe playing games with them is available while carrying out research By chatting with them marketing managers or marketing researchers can know their needs for the toys Since the industry is becoming even more competitive gathering more secondary data of rival company s marketing activities is a quite right choice We can analyse the rival companys sales figures to see how they had adapted their product