Unit 10: An Introduction to Marketing Research

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Name: Max Hunwick

Teacher: Peter Hoggins

BTEC National in Business

 

Unit 10: An Introduction to Marketing Research

Criteria P1: Describe the main types of marketing research and how they been used to make a marketing decision in the following situation.

You have been asked to research the viability of developing a new garden centre in your neighbourhood on a piece of suitable land that has recently become available. You will need to describe the main types of marketing research and how they have been used to come to a decision as to whether the development of the garden centre should go ahead (or not). The nearest competitor is a branch of Wye Vale garden centres which is only a mile away.

There are many ways of finding out what people in this area would think of a garden centre. So you need to put up leaflets on what they feel about having a local garden centre in their area on newsagents post display. So casual walkers that pass bye may stop and look at what the note has to say. Would this affect people who feel that all this building work would have an affect on the local wildlife population and also the amount of people that would want to walk through the woods but can’t as it is having Building work done? This then could provoke a protest this is want we don’t want as it could ruin our chances of building a garden centre there. This is what we have to avoid at all costs.

This may have a domino affect on our preparations of building a garden centre and people may then not come to our garden centre. Then because of that our business will lose money and so this may result in firing some of our high paid staff just to get us by. Then if that doesn’t work we unfortunately may have to close the store and many people will have to lose there jobs as we aren’t making enough profit. This may be good for the people as they have got victory over the garden centre but if you think about it another business will try and set up their and then they will have to fend them off as well. But eventually they will lose but if no one takes on this building it may just stand there for a few years and slowly breakdown and it may cause distress for the people of the area to deal with. Firstly we could do a simple survey saying yes/no on whether they would want a garden centre in the area as this will get our main area of information that will get. We could also do postal surveys that people could fill in but this may only get a certain amount of results sent back as it is asking people to do something that they have to do but we should get some surveys and with them we can send them off to our headquarters to be analyzed and to then put it into graph on whether people would want it or not.

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 We could also do e-mails to people as this is quick and easy to reply to and many people nowadays have a computer and again they could send it off to be registered as a graph.

We could offer loyalty cards to customers to keep them interested in the company and they could earn points for holidays to Southend if they get certain amounts of points will win you that trip.

To keep track of our efforts we could do sales figures which will tell us what is selling and what is not. If this works we ...

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