Market Research enables businesess to interpret their customers' attitudes, expectations and this.
What is behaviours?
This part of your marketing mix is concerned with reminding customers about your product.
What is promotion?
This stakeholder generates the majority of a business' revenue
Who are the customers?
Dividing the market into specific groups of consumers with similar characteristics
What is segmentation?
This
Who is Tinky-Winky?
The first step of the market research process.
What is defining the problem?
Employees should be knowledgeable, motivated and passionate about this.
What is your products?
This part of your internal environment is responsible for identifying the customer base and developing marketing strategies.
Who are the owners and managers?
The extension strategy being used here
What is repackaging?
"It's your life. It's not your ____. You have to do what makes you _____ too."
What is “This is your life. It’s not your mom’s. You have to do what makes you happy too.”
What are focus groups?
Haircuts, taxi services, software, accounting and education are all examples of this.
What are intangible products?
During times of economic growth businesses should focus on this.
What is expanding your customer base?
A software business saves costs by specifically marketing towards this group instead of trying to promote their product towards everyone.
Who is their target market?
This song instrumental
What is Dynamite?
Government research, your past sales data, and information you find online or from marketing firms are all examples of this.
What is secondary data?
Businesses use these directly, or indirectly to provide their products to customers
What are distribution channels?
Which part of their operating environment is Dunkin trying to target with this advert
Who are competitors?
In the maturity stage your product will begin to sell less as you have reached this.
What is market saturation?
The Sydney Giants winner of the Coleman medal in 2024
Who is Jesse Hogan?
This type of market research is particularly beneficial for businesses trying to analyze how long customers spend in lines.
What is observation?
Offering giftwrapping for chocolates would be part of a businesses attention to this part of their marketing mix.
What is process?
Customers associations with a business. Includes the logo, and slogan.
What is brand identity?
The current stage of the the Formalwear Bears new product the Technician Tiger which has seen enough success to make their competitor's release a Lawyer Liger.
What is growth?
The song being covered.
What is Call Me Maybe?