Meeting Customer Needs Location Value for Money Product Range High Quality Customer Service

Slides:



Advertisements
Similar presentations
Introduction to Small Business
Advertisements

Collecting Quantitative Data
Chapter 10 Collecting Quantitative Data. SURVEY QUESTIONNAIRES Establishing Procedures to Collect Survey Data Recording Survey Data Establishing the Reliability.
© Pearson Education 2010 Edexcel GCSE Business Unit 1 Exam Preparation Introduction to Small Business Revision Notes Topic 1.1 Spotting a business opportunity.
Market Research Methods in Travel and Tourism
Starting a Business Conducting Start-up Market Research METHODS OF PRIMARY AND SECONDARY MARKET RESEARCH QUALITATIVE AND QUANTITATIVE RESEARCH SIZE AND.
Marketing Research – Collecting Data
Market Research Introduction. What is market research?
Understanding Customer Needs
Marketing Research.
Level 1 Business Studies AS90837 Demonstrate an understanding of internal factors of a small business.
Market Research Introduction. What is market research?
Section B – Tasks Task 1 - In general terms describe the purpose of market research. What is market research? What is the purpose of market research?
THE NATURE OF INFORMATION ITFM OUTCOME 1. DATA AND INFORMATION DATA Raw facts and figures INFORMATION Data processed into a form to aid decision making.
Market Research. A.K.A…… Primary research can also be known as FIELD research Secondary research can also be known as DESK research.
Types of Data.
Information Management and Market Research. Marketing Research Links…. Consumer, Customer, and Public Marketer through information Marketing Research:
Start-Up Market Research
Level 1 Business Studies AS90837 Demonstrate an understanding of internal factors of a small business.
Market Research Market Research – What is it? Gathering information on (for example)… …finding new markets …evaluating public opinion …gaining insight.
Sports Market Research. Know Your Customer How do businesses know their customers needs and wants?  Ask them/talking to customers  Surveys  Questionnaires.
Market research THE TIMES 100. Market research Market research is the process of gathering and interpreting data about customers and competitors within.
Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 2 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Customer.
Research Types Research Types Market Developement Ideas of Market Research Ideas of Market Research
Starter – read the following and answer the question below: What is Marketing? Developing products that customers want to buy Understanding the needs of.
Starter - Big Business facts  £1 in every £8 a British customer spends in shops is spent in Tesco  Today, Tesco is the UK’s largest retailer Beauchamps.
1 Market research. 2 Market research is the process of gathering and interpreting data about customers and competitors within a firm’s target market.
Market research (1) Lesson aims: To know the purposes of market research To explain the methods, advantages and disadvantages of primary and secondary.
Understanding Customer Needs. Why understand customers? Because they are all different.
Market research THE TIMES 100. Market research Market research is the process of gathering and interpreting data about customers and competitors within.
Market research. Market research is the process of gathering and interpreting data about customers and competitors within an organisation’s target market.
Market Analysis and Target Market
How would this information be useful to a business?
Market Research.
MARKETING RESEARCH.
Marketing Fundamentals Unit
Data Collection Techniques
Understanding Customer Needs
Bell Ringer List five reasons why you think that some new businesses have almost immediate success while others fail miserably.
Market Research.
Handout 14: Market research
Market Research Methods in Travel and Tourism
Module 17 MARKET RESEARCH.
Investigating business
MARKET RESEARCH Can you identify 3 types of market research?
Market Research Firms need market research to determine whether a product is likely to be successful before they launch it and also the potential current.
Market Research Unit 3 P3.
Targeting Entertainment
L.O. – What type of research is carried out by media institutions?
Information Management and Market Research
Marketing Information Management
Market Research.
Marketing Information System (MIS)
Starter Activity Complete the worksheet provided by your teacher!
Market Research Chapter 4.4 IB Business.
IDENTIFY AND MEET A MARKET NEED
Stakeholders and Marketing
Section 29.1 Marketing Research
Market research.
The Value of Market Research
The Price Mechanism Discussion point pg 54 – tablet computers
Secondary research Secondary Research: The process of gathering secondary data, information that has already been gathered. KEY TERMS Companies will use.
Conducting Marketing Research
Marketing Research Chapter 28.
Market Research.
Lesson Objectives Understand that customers needs are central to a business Understand how to collect and interpret primary and secondary market research.
Secondary research Secondary Research: The process of gathering secondary data, information that has already been gathered. Companies will use ___________from.
Market Research Methods in Travel and Tourism
Identifying Business Opportunities
1.1 Meeting customer needs
Presentation transcript:

Meeting Customer Needs Nocaltion Lavue rof Nomey Dropuct Ganre Gihh Tualiqy Suctomer Resvice

Meeting Customer Needs Location Value for Money Product Range High Quality Customer Service

Customer Needs: The wants and desires of buyers of a product.

My Survey CUSTOMER NEEDS You have two minutes to suggest what are the customer needs of a fancy dress shop. Read page 12 with your partner My Survey Learning Objectives To understand the following key terms (AO1): Market Research Primary Research Customer Needs To apply how a business uses a variety of primary research methods. (AO2)

My Survey CUSTOMER NEEDS Market Research: You have two minutes to suggest what are the customer needs of a fancy dress shop. Read page 12 with your partner My Survey Market Research: The process of gaining information about customers, competitors and market trends through collecting primary and secondary data KEY TERMS Primary Research The gathering of new information - primary data, which has not been collected before. KEY TERMS market research

Primary Research Read page 12 and then write notes about : Survey/ Questionnaire Focus Group Observation Experiments/prototypes

Focus Group Experiments/prototypes Survey/ Questionnaire Observation

What are the positives and negatives of primary research methods Advantages Disadvantages Questionnaires/ surveys Focus Groups Observation

What kind of primary research methods would you use to find out .. A: Public’s view on new lime flavoured Cola B: Viewers opinions on New Fosters TV Advert C: Students opinions on school dinners D: Amount and type of traffic on new road E: Shoppers reaction to new Hollister store design For each one suggest what kind of information you would like to find/ questions to ask

Secondary research In pairs spend 5 minutes to read page 14. Now close the textbook and A tells B what they have just read

Secondary research Secondary Research: The process of gathering secondary data, information that has already been gathered. KEY TERMS Companies will use ___________from within their business e.g. sales records or national data from ___________ statistics. They will also look at _________habits and trends and events in their market using _____ articles or reports. Increasingly businesses go online using the _________to see what their ____________ are doing. consumer government news information Internet competitors

Secondary research Secondary Research: The process of gathering secondary data, which is information that has already been gathered. KEY TERMS Companies will use information from within their business e.g. sales records or national data from government statistics. They will also look at consumer habits and trends and events in their market using news articles or reports. Increasingly businesses go on line using the internet to see what their competitors are doing.

Types of Data Quantitative Data: Data that can be expressed as numbers and can be statistically analysed - quantities e.g. 27 % of people like chips Qualitative Data: Information about opinions, judgements and attitudes – qualities. I think chips are delicious

activity Complete the activity sheet

Plenary Business Services Market Research Observation Market Goods Primary Research Survey Production Supplier Customer Needs Experiment Customer Consumer Raw Materials Focus Group