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The function that links the consumer, the customer, and public to the marketer through INFORMATION
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identification
collection analysis
dissemination
and use of information
Market Research
Specifies the information necessary to address these issues Manages and implements the data collection process Analyzes the results Communicates the findings and their implications Helps managers use this information to make decisions
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* Problem-Solving Research
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Problem Identification Research Market Potential Research Market Share Research Market Characteristics Research Sales Analysis Research Forecasting Research Business Trends Research
2007 Prentice Hall
Problem-Solving Research
Segmentation Research
Problem-Solving Research
SEGMENTATION RESEARCH
Determine the basis of segmentation Establish market potential and responsiveness for various segments Select target markets Create lifestyle profiles: demography, media, and product image characteristics PRODUCT RESEARCH Test concept Determine optimal product design Package tests Product modification Brand positioning and repositioning
Test marketing
Control score tests
2007 Prentice Hall 1-8
Problem-Solving Research
PROMOTIONAL RESEARCH
0.00%
APR
PRICING RESEARCH
Pricing policies Product line pricing Price elasticity of demand
$ALE
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Problem-Solving Research
DISTRIBUTION RESEARCH
Determine
Types of distribution Attitudes of channel members
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Step 3: Formulating a Research Design Step 4: Doing Field Work or Collecting Data Step 5: Preparing and Analyzing Data Step 6: Preparing and Presenting the Report
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Uncontrollable Environmental Factors Economy Technology Laws & Regulations Social & Cultural Factors Political Factors
Marketing Research
Providing Information
Marketing Managers Market Segmentation Target Market Selection Marketing Programs Performance & Control
2007 Prentice Hall 1-12
Solve Problem
Client Needs
Find
Achieve Goal
Seek
Plan
Act
How We Help
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