Marketing Research Process
McDonald's wants to introduce a new sandwich tentatively named McFish. To test the feasibility of this new product concept, McDonald's needs to conduct market research. If the market favors the concept, then McFish would be a candidate for further business analysis. The narrative of the product concept is as follows:
"Introducing McFish, made of the best catfish, from Mississippi. It contains low levels of fat and high levels of Vitamin D, which are excellent for lowering your cholesterol and strengthening your bones.
McFish's premium catfish is accompanied with fresh tomatoes, lettuce, and onions; a patty-shaped catfish filet is marinated in a unique blend of natural spices before being grilled in a medium-well temperature. It is served with high-fiber, whole-wheat buns.
Priced at $5.50, the same as a Big Mac, it is available in your favorite McDonald's franchise restaurant."
Aiding the narrative is a picture of the McFish sandwich, helping the audience to test the merits of the concept.
What decisions will you need to take at each step and why?
What kind of research findings would ensure a favorable management decision to continue with the McFish concept in the next phase, which is business analysis?
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Please refer to the attached file for the response.
MCDONALD'S MCFISH: MARKETING FEASIBILITY
The study intends to determine the marketing acceptance of the product among its target buyers. It will also determine the profile of the target buyers, their tests and preferences, health problems and conditions, and lifestyle in order to determine the specific features/ingredients, packaging, and other attached services that must be put into it to ensure that it would fit its target buyers when commercialized.
Statement of the Problem
Specifically, the study will answer the following:
1. How may the target buyers of McFish be described in terms of: a) age, b) occupation, c) health maintenance needs?
2. What features in a sandwich do the respondents like most? Least?
3. What is the idea of the respondents of an ideal healthy sandwich?
4. How would the respondents react of the company's plan to offer a new type of sandwich - the ...
The steps of the marketing research process for sales feasibility of McDonalds McFish is determined.