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Coffee Shop Analysis

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Submitted By TGSa
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Research Question
HOW CAN WE MARKET OUR BRAND OF COFFEE IN COMPARISON TO OTHER ESTABLISHED PLAYERS IN THE MARKET TO EARN A MARKET SHARE OF ATLEAST 20% BY THE 1ST YEAR?
Introduction
According to our research questions, we have framed a questionnaire and conducted a survey in Liverpool Street, London. According to the survey conducted, we present you the collected data.
Types of Coffee Consumed
The aim of our first question is that we should know whether he/she who is answering our questions is a coffee fanatic or at least a person who loves drinking coffee on a regular basis .If so, “What their favorite coffee is”. The answer, which we analyzed and represented in the graph below shows most people like to have “Cappuccino and latte”.

Favorite Coffee Shops
The second question that we put across to people was “Which is your favorite coffee shop” .The answer was obvious as most people selected Starbucks as their favorite coffee shop. Now we have identified who our main competitor in Liverpool Street is.

Will People try new coffee shops?
We were very much inquisitive to know whether people in and around Liverpool Street are interested in trying a new coffee brand.

We got to know many people were interested in trying a new coffee shop in Liverpool Street. This shows that it is easy for us to get customers for the new coffee shop. This result gives us a positive probability that they might prefer it more, than any other coffee shop that they have been visiting very regularly.

Conclusions
20% of the market share is an achievable task. For that we need to have a monumental advertising strategy and for the obvious reason the best tasting coffee.

After rigorous analysis we have concluded that people in and around Liverpool Street are in the group of “Quality over Price” .Where they are ready to shed extra pounds to get good quality coffee.

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