Market Research Analysis

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Market Research

Preamble

In this section I will be talking about the market research that we carried out as a company around college. This includes the promotional materials, our pilot questionnaire and our final questionnaire.

We initially started by designing a pilot questionnaire based on our promotional materials questionnaire. We chose a questionnaire for our primary research for numerous reasons. One of these, is that we will get written feedback for future reference. Another reason, is we were after both quantitative and qualitative answers and preferred the written option. Our pilot questionnaire was our primary research and contained both qualitative and quantitative data showing us what could be improved upon for the master questionnaire. We asked 3 totally random strangers to fill them in, and our research was indicative of there being a lack of thorough information, space for answers. The pilot also lacked in design quality, it was poorly laid out. 3 out of 3 of the candidates agreed that it was not at all easy to understand either. So we consider the pilot to be a failure. I believe it to be a failure in that our potential consumer failed to understand the questionnaire, did not receive clarification on the subject of the questionnaire, and it also lacked our business name and logo.

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We looked at our answers from the pilot, and then I went and designed a whole new questionnaire including important questions that were missing in the pilot which included an introduction, our business logo and the Young Enterprise logo. I also laid it out more professionally than the pilot. Feedback was generally rather good, and I shall now go into my results.

The first question I asked was: “Were the posters well laid out?”  60% of people we asked said that yes our promotional poster was laid out well. 40% disagreed and said that it wasn’t. We chose ...

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