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Marketing Research Krishna
Marketing Research Krishna
As a researcher, you need to study how many Kirana stores in Mumbai sell
Lizol brand and range of products (Surface cleaner, Bathroom power cleaner &
Kitchen power cleaner.) Which non-probabilistic sampling method would you
use to complete your research? Also, state the reasons behind choosing that
method. Also, explain how you will proceed ahead with choosing the
areas/localities in Mumbai to conduct your research along with timelines.
Answer:
Convenience sampling:
Convenience sampling is a non-probability sampling technique where samples are
selected from the population only because they are conveniently available to the
researcher. Researchers choose these samples just because they are easy to
recruit, and the researcher did not consider selecting a sample that represents the
entire population.
Ideally, in research, it is good to test a sample that represents the population. But, in
some research, the population is too large to examine and consider the entire
population. It is one of the reasons why researchers rely on convenience sampling,
which is the most common non-probability sampling method, because of its speed,
cost-effectiveness, and ease of availability of the sample.
Consecutive sampling:
Quota sampling:
Hypothetically consider, a researcher wants to study the career goals of male and
female employees in an organization. There are 500 employees in the organization,
also known as the population. To understand better about a population, the
researcher will need only a sample, not the entire population. Further, the researcher
is interested in particular strata within the population. Here is where quota sampling
helps in dividing the population into strata or groups.
Snowball sampling:
Snowball sampling helps researchers find a sample when they are difficult to locate.
Researchers use this technique when the sample size is small and not easily
available. This sampling system works like the referral program. Once the
researchers find suitable subjects, he asks them for assistance to seek similar
subjects to form a considerably good size sample.
As we have seen that there is n number of sampling methods done in the marketing
research. so we have decided to choose the best non probabilistic method that suits
our requirements the most.
But in the case which is given the convenience sampling should be used as we need
to study how many Kirana stores in Mumbai sell Lizol brand and range of products
(Surface cleaner, Bathroom power cleaner & Kitchen power cleaner. It is obvious
that the researcher cannot ask each and every Kirana store about the same so
he/she will choose some individuals as per his convenience and proceed further.
This is the case of convenience sampling. In all forms of research, it would be ideal
to test the entire population, but in most cases, the population is just so large that it
is impossible to include every individual. This is the reason why most researchers
rely on sampling techniques like convenience sampling, the most common of all
sampling techniques. Many researchers prefer this sampling technique because it is
fast, inexpensive, easy and the subjects are readily available.
Mumbai is a big city and there must be hundreds of Kirana stores across the city, in
this scenario, it will be difficult to take each and every store and check if they sell
Lizol brand and range of products (Surface cleaner, Bathroom power cleaner &
Kitchen power cleaner. We need to keep in mind the timelines as well so we need to
select a few Kirana stores based on the selective locality. For example, few areas
from Suburban may be chosen which are having a high population such as Andheri,
Borivali, Malad. These areas have many residential societies and nearby many
Kirana stores can be found. Apart from this, few areas from Central and harbor lines
should be chosen. As we will be choosing convenience sampling, we will select a
few Kirana stores only, so we can finish our research on time. Let’s say we have 4
days to complete the research so we can divide the daily work areas wise and
accordingly proceed further. On any one day, we should collect data on areas that
come under one jurisdiction. After this research, we can find out which parts of the
city have good demand for Lizol brand and range of products (Surface cleaner,
Bathroom power cleaner & Kitchen power cleaner and which areas have low
demand so that accordingly companies can make necessary changes in its
marketing strategy.
2. You are the Head of a Market Research Organisation. Your client has
recently introduced “iD Traditional Filter Coffee Decoction”. Your client wants
to understand how customers are reacting to their recently launched Filter
Coffee Decoction. Draft a Questionnaire containing not more than 20
questions that would succinctly address the query posed by the client.
Answer:
Designing questionnaire
Size:
● It should be smaller in size than that of the schedule.
● The extent in length and breadth should be appropriate.
● It should not be more than two or three pages as to the nature of the
research.
Appearance:
● It should be constructed on good quality paper and printing.
● It should have an attractive layout.
Clarity:
● The questions should be short, clear in terms, tenure, and expression.
Sequence:
● The question should be arranged according to the importance and preference.
Communicability:
● The questions of the questionnaire should be able to keep the interest of the
respondents
Span:
● The length of the questions of the questionnaire should be as short as
possible.
● The questionnaire should not be long in length.
Following are the questions which is needed to ask from the customer top get
the response :
B. Did you come to know about “iD Traditional Filter Coffee Decoction”?
a) Yes
b) No
F.Did you experience any side effects after using this coffee?
a) Yes
b) No
H. What do you like the most about these iD Traditional Filter Coffee
Decoction?
● Taste
● Sugar-free
● Price
● Other factors
J.Do you think diabetic patients should use these types of coffee only rather
than normal coffee?
a) Yes
b) No
L.Did you find any difficulty to find these iD Traditional Filter Coffee Decoction
shops or supermarkets near you?
● Yes
● No
M.How did you find the pricing of these iD Traditional Filter Coffee Decoction?
a) Correctly priced
b) Highly-priced
c) Slightly higher
d) Underpriced
O.Do you believe you are using safe products as there are so many products
which use dangerous ingredients?
a) Yes
b) No
P.Do you think this coffee will be hit in the market?
a) Yes
b) No
R.As you are diabetic, do you feel, these types of products will make your life
better?
● Yes
● No
● Does not affect much
S.Do you have any other comments? If so, please mention here:
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T.Thank You for your help and for completing the questionnaire. Please share
with us your contact details:
● Name:
● Email Id (Optional):
● Mobile Number:
Answer:
a)
INTRODUCTION
I decided to make the products related to cornflakes and its mixup. I will make two
new products that are corn flakes Ginger for diabetic patients and cornflakes light up
for depressed persons.
Product Formulation and Testing: At this stage, In other words, the idea is
transformed into a product that can be produced and performed. This step is also
known as technological development. It is during this period that all the
consequences of production take place, from idea to final physical form. This is one
of the most important stages of the new product development process, where you
implement your strategy about product development. At this stage, your food items
must be created and you should check it through a test run so the target audience
and some customers can taste it and respond.
b)
We have made our new products of the cornflakes for the different problems who are
experiencing some types of the problems like depression and diabetes , so we need
to test it before starting actually selling the product. We need to test marketing as we
need to select our target audience and for customers to respond to them as it is
necessary for the success of the product.
We have followed some types of procedures before going live or in the market and
that procedure and yes we need to do test marketing.
By measuring consumer awareness, product trial, repeat buying, market share, and
sales volume, the test plan gives some indication of the productivity of the elements
of the market plan. These actions are the basis for the “go/no-go” decision. Such a
decision can be made based on the rule-of-thumb - for example, drop the product if
the atrial rate is less than 60%. This decision is then financial, with inputs from the
data markets from the test markets as inputs.
Before the commercial launch, you should test your product and check for any
changes or changes. If you do not, then you may find possible shortcomings, as
product testing is necessary since it will take you longer to correct as you have
already started the product. This test will prove whether the product works as
expected or conforms to the promise of the concept. Such testing enables
management to select customers' likes and dislikes towards the product. This gives
buyers the opportunity to compare the product with competing products.
The final step before commercialization in the new product development process is
test marketing. At this stage of the new product development process, the product
and its proposed marketing program are tested in realistic market settings.
Therefore, test marketing gives the marketer experience in marketing the product
before it goes to the great cost of a full introduction. In fact, it allows the company to
target the product and its entire marketing program before making a full investment
and testing, including positioning, advertising, distribution, packaging, etc.