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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...
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.
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
Malhotra, N.K., 2002. Basic Marketing Research: A Decision-Making Approach. Upper Saddle River, New Jersey.: Prentice Hall.
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.
A research design is an arrangement and analysis of data support or draft for conducting the marketing research project. Research is a plan of action in efficient ways
Research questions are formulated in a study to inquire about variables, both independent and dependent variables, and the relationship between them. Research questions are categorized into two, that is, qualitative and quantitative research questions. Qualitative questions are used in qualitative research like case studies, surveys and action research where the approach is non-numerical and analyses special phenomena that occur in nature. Quantitative research on the other hand is more of a systematic approach with measurable numerical quantities that go through analysis to prove a hypothesis. Finally, the research hypothesis is either approved or disapproved with regards to the results of the analysis (Laureate Online Education B.V. 2010). Hypotheses differ from research questions in that, they are predictions that researchers come up with about variables and expected relationships between them (Creswell 2008). Hypotheses are mostly used in experimental exercises and are used in making comparison of groups. Hypotheses are basically formulated in two forms; null and directional hypothesis. Null hypotheses predict the lack of relationship between groups. Alternative hypothesis is categorized into two; directional hypothesis which predicts on an expected outcome and non-directional hypotheses which make predictions without specifying differences and relationships due to lack of past information that can be used to predict the differences. The difference between a hypotheses and a research question lies on the fact that a hypothesis is a tentative statement which is more precise/specific and predicts an outcome. A research question is a general statement compared to a hypothesis (eNotes.com, Inc 2011). A hypothesis predicts an outc...
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:
Research is nothing but searching for new knowledge. It is done scientifically and systematically for relevant information on a specific topic. In Simple words the research is any inquiry or search for fact or truth. The research helps to discover new fact and this knowledge also helps to accept, reject or modify existing fact or knowledge. Investigation of every kind which is based on original source of knowledge may be said as research. It is a careful and detailed study into a specific problem, concern, or issue using the scientific method.
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).
A descriptive research attempts systematically to describe a situation, problem, phenomenon, service or program, or provides information, or describes attitudes towards an issue. For example, it may attempt to describe the types of service provided by an organization, the administrative structure of an organization, the attitudes of employees towards management, etc. The main purpose of such studies is to describe what is prevalent with respect to the issue/problem under study (Kumar, 2011).
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.