A food chain company based in Florida wants to expand in Georgia. You, as a part of the marketing team, are required to find the popularity of fast food among the younger generation. What method is best suited for such a survey? Draw the sample using the random number table and bring out the rationale of the procedure.© BrainMass Inc. brainmass.com October 24, 2018, 11:57 pm ad1c9bdddf
Hello, I can help you here as I used to be a market researcher.
Lets look at the info. The food chain currently exists in Florida and wants to move to Georgia. Specifically, you want to test the popularity of the food with younger individuals.
When testing a product in a new market, it would be best to start off by understanding the preferences of people in this sample.
By doing some research, we see that there are 9,363,941 people in Georgia in 2006. Of these, 20% are between the age of 5-18, and 57% are ages 19-65.
ages 5-18: 20% of 9,363,941 is 1,872,788 people.
aged 19-65: 57% of 9,363,941 is 5,337,556 people.
That means that our overall population is over 7 million people.
When conducting research, it is virtually impossible to poll all of the people in our sample for several reasons:
So therefore, researchers decide to randomly select individuals from the general population to be part of the sample.
Normally, we want our sample to be representative of the population - we want to be able to assume that the results we get from our sample would mirror our population.
Therefore, we really have to make sure that we randomly pull individuals from the population to be part of our sample. What happens if we do not have a random sample?
I will use ...
Detailed marketing plan outlined and the process taken to create it explained.
Research Methodologies Paper
. Research Methodologies Paper - XYZ, Inc.'s executive management team has decided to market the organization's top-selling product to Brazil. You are the marketing manager for XYZ, Inc.
Resources: University Library, Internet
I need help with writing a 1,050- to 1,400-word paper in which you analyze the various international marketing research methodologies and resources available to you for Brazil. In your analysis, address the following:
a. State the objectives of your research. Ensure your objectives are written in the manner objectives should be written (refer to your previous courses or other sources for guidance).
b. Select the appropriate international marketing research resources and methodologies that you would use to create a marketing campaign in Brazil for XYZ, Inc. Ensure each resource or methodology stands out in the paper for ease of reading by the VP.
c. Clearly explain the how the advantages outweigh the disadvantages for each resource or methodology.
APA 6th edition standards.View Full Posting Details