...Marketing research Marketing research is “the process or set of processes that links the consumers, customers, and end users to the marketer through information — information used to identify and define marketing opportunities and problems; generate, refine, and evaluate marketing actions; monitor marketing performance; and improve understanding of marketing as a process. Marketing research specifies the information required to address these issues, designs the method for collecting information, manages and implements the data collection process, analyzes the results, and communicates the findings and their implications.”[1] It is the systematic gathering, recording, and analysis of qualitative and quantitative data about issues relating to marketing products and services. The goal of marketing research is to identify and assess how changing elements of the marketing mix impacts customer behavior. The term is commonly interchanged with market research; however, expert practitioners may wish to draw a distinction, in that market research is concerned specifically with markets, while marketing research is concerned specifically about marketing processes.[2] Marketing research is often partitioned into two sets of categorical pairs, either by target market: • Consumer marketing research, and • Business-to-business (B2B) marketing research Or, alternatively, by methodological approach: • Qualitative marketing research, and • Quantitative marketing research 1 Role The task of marketing...
Words: 5962 - Pages: 24
... MARKET RESEARCH:- Consumer marketing research is a type of sociology (applied) that has its main focus on the preferences, attitude and behaviour of consumers in a competitive economy. The main objective is to understand the effectiveness and success levels of pull-marketing campaigns. Consumer marketing research is also known as the systematic identification, analysis, collection and distribution of information mainly for the purpose of helping the management in decision making process related to the classification and solution of prospects and problems in marketing. The goal of marketing research is to identify and assess how changing elements of the marketing mix impacts customer behaviour. Assess of consumers (prospective and existing)can be done with consumer market research from Informatics Outsourcing. Consumer market research can help in the quests of, * Gathering market information regarding opinions and trends * Acquiring information on consumer behaviour * Measure the interest levels in new products and service offerings * Generating a list of potential new customers Consumer marketing research is also a Part of market research in which the preferences, motivations, and buying behavior of the targeted customer are identified through direct observation, mail surveys, telephone or face to face interviews, and from published sources (such as demographic data). Business to business market research Business to business (B2B) research is inevitably...
Words: 2920 - Pages: 12
...A PROJECT REPORT ON MARKETING RESEARCH &SALES PROMOTION WITH REFERENCE TO CIPLA LTD [pic] A PROJECT REPORT SUBMITTED TO THE Osmania University Hyderabad in partial fulfillment for the award of the degree of MASTER OF BUSINESS ADMINISTRATION Submitted BY M.RAMBABU (Roll No: 04808140) DEPARTMENT OF MANAGEMENT STUDIES St.Mary’s P.G COLLEGE Deshmukhi, Nalgonda Dist Andhra pradesh (2008-2010) A PROJECT REPORT STUDY ON MARKETING RESEARCH & SALES PROMOTION Submitted BY M.RAMBABU [Roll. No: 04808140] St.Mary’s P.G COLLEGE Deshmukhi, Nalgonda Dist Andhra Pradesh. In partial fulfillment for the award Of Master of Business Administration DEPARTMENT OF MANAGEMENT STUDIES St.Mary’s P.G COLLEGE Deshmukhi, Nalgonda Dist Andhra pradesh (2008-2010) DECLARATION I here by declare that the project titled “marketing research &sales promotion WITH SPECIAL REFERENCE TO CIPLA LTD”, HYDERABAD, submitted to ST.MARY’S P.G COLLEGE, in partial fulfillment of the requirement for the award of the degree of “Master Of Business Administration” DATE: PLACE: (M.RAMBABU) ACKNOWLEDGEMENT The satisfaction and euphoria that I feel after the successful completion of my project would be incomplete...
Words: 10686 - Pages: 43
...Marketing Research Rebecca Schoenfeld MKT/421 8-28-11 Elizabeth Hartsig Market Research Paper Kudler Fine Foods is a food establishment that offers a variety of different items such as, baked goods, meats, seafood’s, produce, cheese, dairy, etc. Kudler’s food establishment always sells their food fresh to better please their customer’s daily. Kudler’s main objective is to “improve the efficiency of its operation and increase customer service.” (Shaikh, 2009). Marketing research is a vital part of the business world. The marketing research for Kudler Fine Foods will be discussing the tactics and strategies they use and try to find areas that might need additional market research as well. The marketing operations for Kulder Fine Foods has had their flaws but, they wanted to focus on increasing their revenue and services to better improve the company. Kudler needed to increase the business so, the company needed to start small and work their way up. Kudler first started by hosting house parties for the purpose of allowing a wide variety of people to taste Kudler’s variations of foods as well as allowing the customers to be hands on and learning how to prepare the foods. This will allow Kudler’s to have a personal bond with the customer to make them feel more comfortable with what they are eating as well as broaden Kudler’s customer intake. Kudler’s would like to go a step further and move up on the scale to bring in well-qualified cooks/chiefs and guest celebrities...
Words: 1225 - Pages: 5
...Marketing Research Kudler Fine Foods was founded by Kathy Kudler. On June 18th, 1998 the first Kudler Fine Foods opened. Kathy was the Vice-President of Marketing for a large defense contractor. She was constantly on the go, and corporate life was taking its toll on her thus her gourmet cooking was her stress reliever. On a shopping trip for ingredients she realized there was an opportunity for an upscale food shop in LaJolla, California. Kathy developed a business plan, obtained financing and six months later the birth of Kudler Fine Foods. Within nine months Kathy was able to break even and became profitable for a year. In 2000, Kathy was able to open a second store in Del Mar, California and in 2003 her third store was introduced in Encinitas, California. Kathy believed in having the best imported and domestic products such as fresh produce, meat, seafood condiments, packaged foods, specialty dairy products such as cheese and pastry products. Kathy’s mission is to “Shop the world” (University of Phoenix Virtual Organization Kudler Fine Foods, 2011). They offer the finest foods, wines and unsurpassed service. To ensure Kathy’s business has a continual success and growth conducting marketing research is a vital aspect of her business. Obtaining information on her customers, region, and geographical location is vital to ensure she is providing the proper products to the right people. Catering to the consumers is what is important to the growth of their business...
Words: 960 - Pages: 4
...Marketing research is the process of defining a marketing problem and opportunities, systematically collecting and analyzing information, and recommending actions (Kerin, Hartley & Berkowitz, 2009). Marketing research helps assess market potential, gives insight to into customer motivation, purchase behavior and consumer satisfaction. The purpose of marketing research is to gather, analyze, and interpret data related to the company’s market, competitors, marketing objectives, and customer demands. Kudler Fine Foods is a gourmet grocery store that has experienced significant growth, and is now focused on expanding its services, improving the efficiency of its operations, and increasing the consumer purchase cycle as a mean to increasing the loyalty and profitability of its consumers. The organizations strategic objective is to increase loyalty and profitability of consumers. To meet the objective, the business focus includes expanding services, offering a frequent shopper program, and increased business efficiency. Through market research the organization can obtain information needed to make reasonable estimates about what consumers will or won’t buy. The objective when research is performed is to reach a deep understanding of customers and their emotional connections to the products they buy and use. The marketing objectives Kudler Fine Foods outline begin with gathering information of their customers, competitors, suppliers, and other market forces. Once the information...
Words: 763 - Pages: 4
...Penney’s Re-Marketing Plan | Did the company wait too long and make too fast decisions in re-marketing its brand? | | Aaron Dritz | 6/5/2015 | According to Forbes Magazine, in 2013, roughly 540,000 new businesses are started each month. Sadly, in most cases more businesses will end up being shut down in the same time frame (1 Nazar). In order to be the small 1/3 who will remain in business for 15 or more years, it is critical that the business have the successful tools to continue being profitable. In any business, whether it be new or old, it is critical for the business to have a marketing plan that is always being re-structured to stay ahead of the competitors and draw the right demographic of buyers to the company’s product or service. One of the main & essential parts in a marketing plan is conducting the proper research methods to find out the pertinent information needed to market a product or service. Not only is this research necessary at the start of forming a thriving business, but research will always have to be conducted in order to continue keeping a significant comparable advantage over its competitor. One research method that could be utilized is quantitative research. In the case of a company entering the retail space, it would be critical to conduct this kind of research. In one case where we can see how marketing research has affected the development of a retail company is the case of J.C. Penney in A Preface to Marketing Management....
Words: 1342 - Pages: 6
...Marketing Research MKTG 3401 – Fall 2012 Section 01 W/F 11:45 am – 1:25 pm 330 Dodge Professor: Felicia Lassk Office: Hayden Hall 202 Office hours: W, 1:30 – 2:30 p.m. or by appointment Phone: (617) 373-5307 Email: f.lassk@neu.edu Blackboard: blackboard.neu.edu “MKTG 3401 Lassk Fall 2012” Text: Marketing Research, Malhotra, 6th Edition, 2010 – NU custom text. Prerequisites: MKTG 2201, MGSC 1201 and 64 SH toward the degree Course Description: This course focuses on the marketing research process and the analysis of data using SPSS statistical software. It gives students the opportunity to develop an understanding of consumer attitudes and behavior processes as the basis of the design of marketing problems. The course covers topics such as problem definition, research design, sampling, attitude measurement, questionnaire design, data collection, and data analysis. Statistical Package: SPSS is available as a 6-month rental for $35 plus $4.99 download fee. Details on how to access the rental are provided in the Tech Marketplace of MyNEU Portal under “Free and Discounted Software – More Software tab.” SPSS is also available for free through MyApps using MyFiles to house your data files. Please note, to access SPSS with MyApps on campus, you must be connected to “NU-Secure” wi fi. Details to access MyApps and“NU-Secure” wi fi is provided in the MyNEU portal. You must be able to access SPSS through either of these options by 9/19. ...
Words: 2481 - Pages: 10
...TABLE OF CONTENT |Title |Page No | |Section A |2 | |Question 1 |2 | |1.0 Introduction |2 | |1.1 Factors passengers consider when selecting airline |5 | |1.1.1 Service offered by airline employees |5 | |1.1.2 Departing and arriving on time |4 | |1.1.3 Feeling safe when flying |5 | |1.1.4 On-line services offered by MAS |6 | |1.1.5 Price |6 | |1.1.5.1 Everyday Low Fares ...
Words: 5442 - Pages: 22
...Marketing Research Stephanie King MKT/421 June 18, 2012 Bob Balcerzak Marketing Research Kudler Fine Foods is a unique epicurean food shop. They first opened in 1998 and since then have opened two additional store locations. They are well known for their cheese and wine products but also carry a wide variety of the freshest produce, meat, seafood, and bakery items (Kudler Fine Foods, 2011). Kudler just like any organization needs to make good decisions concerning the marketing research for the organization. Marketing research is all the details that go into discovering a problem or an opportunity and then solving it. It is also used most of the time to try to reduce some of the risks there are in an organization (Kerin, Hartley, & Rudelius, 2011). There is always room for additional marketing research in any organization. This is an ongoing process used to keep a company moving forward. Since Kudler Fine Foods opened the first store in 1998, they have been a leader in the fine food market in the San Diego metropolitan area. It is very important for Kudler and any organization to use marketing research everyday to help the organization grow. Marketing research is used to bring the organization more knowledge about what they are looking for which can then bring them to more of an understanding which can then lead to a better profit for the company. The only way to effectively please the target customer is to meet or exceed their needs and wants with the product...
Words: 1099 - Pages: 5
...Marketing Research Nick Thakurani July 29, 2012 MKT/421 Mrs. Stephanie Burns Kudler Fine Foods is a high-end specialty food store located in the San Diego metropolitan area. The have three locations: La Jolla, Del Mar and Encinitas. All these locations are beautifully designed boasting an 8000 square feet space in fashionable shopping centers. Kudler Fine Foods is currently looking into improving and possibly expanding operations by introducing aggressive marketing strategies and tactics. In this paper I will evaluate Kudler’s marketing strategies and emphasize on the important of marketing research. I will also speak about additional marketing strategies Kudler can perform to maximize results, while highlighting the importance of competitive intelligence in regards to the development of Kudler’s marketing strategy and tactics. Marketing research is extremely important and will help Kudler Fine Food’s create long term business plans, launch new proposals and products and most importantly expand into new markets. “Marketing Research is the process of assessing the viability of a new product or service through techniques such as surveys, product testing and focus groups. Market research allows a company to discover who their target market is and what these consumers think about a product or service before it becomes available to the public.” Having a successful marketing research team will be very important to Kudler Fine Foods. Kudler already has some...
Words: 1146 - Pages: 5
...|To be completed by the student |To be completed by the markers | |Module Name and code |MARKETING RESEARCH |First Marker’s name |Farhod Karimov | | |2UZB607 |(acts as signature) | | |Tutor Name |Farhod Karimov |Second Marker’s name | | | | |(acts as signature) | | |Student ID (UoW) | |For Registrar’s office use only (hard copy submission) | |Student ID (WIUT) | | | |Deadline date |1 December, 2014 | | |Individual assignment |( N/A | | |Group assignment...
Words: 1341 - Pages: 6
...Marketing Research Kudler Fine Food’s is an upscale gourmet food store located in the San Diego metropolitan area and has three locations. Each store is stocked with the finest bakery, meats, produce, cheese and dairy products, and many domestic and imported wines (Kudler Fine Foods). This composition will discuss the importance of marketing research in the development of Kudler Fine Foods marketing strategy and tactics, and will identify the areas where additional market research is needed. The author of this paper will also analyze the importance of competitive intelligence and analysis in regards to the development of Kudler Fine Food’s marketing strategy and tactics. Importance of Market Research Armstrong and Kotler (2011) stated, “Marketing research is the systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organization” (p. 106). The ultimate importance of marketing research is to determine what the consumer wants, prime location, and who the competition is. Companies that invest time in conducting a market research increase their chances of succeeding. Market research plays an important role in every aspect of an organization’s strategy of expansion and diversification. Due to Kudler Fine Foods expanding their services, they need to know more about their competition by conducting a market research. The market research will assist Kudler Fine Foods in determining the areas or location potentially weak...
Words: 1138 - Pages: 5
...looking to expand operations because they want to become wealthier. This paper will justify the importance of marketing research in developing Kudler Fine Foods’ marketing strategy and tactics. Areas where additional market research is needed as well the importance of competitive intelligence will be identified and discussed. According to Armstrong and Kotler (2011), “Marketing research is the systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organization” (p. 106). The importance of marketing research is to determine what the consumer wants, prime location, and who the competition is. Companies that are willing to invest time and effort into a research are automatically increasing the chances of success. Market research plays an important role in every aspect of an organization’s strategy of expansion and diversification. Since Kudler Fine Foods has decided to expand the services offered, it is important that the company knows more about their competition. This is done by conducting a market research. The market research will educate Kudler Fine Foods in knowing the areas that are at weak point as well as areas that are too close to competitors. The research also helps Kudler Fine Foods to determine the best geographical location. Another important reason for Kudler Fine Foods to conduct a market research is important is to determine areas where the products will be most likely to sell and to...
Words: 337 - Pages: 2
...The Importance of Market Research For marketers and firms like Arbitron, Inc., marketing research is essential to connecting with consumers and gaining a better understanding of their behavior. It is also needed to receive the consumers input. Marketing research is highly important so that marketers can determine and decide the most appropriate ways to communicate and deliver value to the consumers. It is the marketer’s goal to maintain and develop a long-lasting relationship between brands and consumers (Burns & Bush, 2006). Marketing research is important because it helps marketers resolve marketing dilemmas. It also supports with marketers learning more about important matters in greater detail, and it is a critical component when making sound decisions. For example, if a company’s revenues are down, marketing research can help with determining why customers are not buying as they were in the past. Good marketing research also determines a variety of options for new products entering the marketplace (KnowThis LLC, 2013). Define Market Research Marketing research is a process in which marketers understand, find, assemble, examine, and report pertinent information that helps marketers with making informed decisions and solving marketing related matters (Burns & Bush, 2006). According to the AMA, marketing research plays the role of linking the consumer, customer, and public to the marketer by various ways of information communication. This information is used...
Words: 958 - Pages: 4