Business Paper (2)

[hmh]

how to plan a market research..jus answer me correctly be it of 2 lines.
what should come in Price,Place,Product,Promortion

Market research is 2 types.
-Primary which is first hand. A trusted source of information as its done by business itself. It can be done by interviews, questionnares, face-to-face.
-Secondary which is 2nd hand. Can't be fully trusted. It can be done by using external sources of info like newspapers, government analysis published in magnizes, other companies data.

The 4 P's ur saying is part of Marketing Mix but not Marketing Research

Hope that helps

[al noor]

Thanks! +rep for u ma man

Your welcome n thx

Heyzz can any tell me wat 2 study in the chapter location of a business??

U need to know wat factors affect location of manufacturing bussiness and retailing business, what factors may cause a business to relocate and wat factors affect location of a service sector business. These include costs such as rent, electricity, water. then it also refers to factor such as supply of labour. Also, consider whether the business is large scale or small scale. Thats it mostly.
Hope that helps

ohhhh okiii thankyou  

[hmh]

Thanks! +rep for u ma man

Your welcome n thx

Heyzz can any tell me wat 2 study in the chapter location of a business??

U need to know wat factors affect location of manufacturing bussiness and retailing business, what factors may cause a business to relocate and wat factors affect location of a service sector business. These include costs such as rent, electricity, water. then it also refers to factor such as supply of labour. Also, consider whether the business is large scale or small scale. Thats it mostly.
Hope that helps

ohhhh okiii thankyou  

Your Welcome

[Freaked12]

how to plan a market research..jus answer me correctly be it of 2 lines.
what should come in Price,Place,Product,Promortion

Market research is 2 types.
-Primary which is first hand. A trusted source of information as its done by business itself. It can be done by interviews, questionnares, face-to-face.
-Secondary which is 2nd hand. Can't be fully trusted. It can be done by using external sources of info like newspapers, government analysis published in magnizes, other companies data.

The 4 P's ur saying is part of Marketing Mix but not Marketing Research


Hope that helps

indeed a gr8 help ..but it really meant marketing mix..
every year therez a question as to how it is planned,the marketing mix...do u kno abt?

[hmh]

how to plan a market research..jus answer me correctly be it of 2 lines.
what should come in Price,Place,Product,Promortion

Market research is 2 types.
-Primary which is first hand. A trusted source of information as its done by business itself. It can be done by interviews, questionnares, face-to-face.
-Secondary which is 2nd hand. Can't be fully trusted. It can be done by using external sources of info like newspapers, government analysis published in magnizes, other companies data.

The 4 P's ur saying is part of Marketing Mix but not Marketing Research


Hope that helps

indeed a gr8 help ..but it really meant marketing mix..
every year therez a question as to how it is planned,the marketing mix...do u kno abt?

Marketing Mix research is more about how to analyse company's own functions to be stable in market for its product. Place is where does company sells its product. It needs to identify what type of product is it and then choose where to sell it. Then, Price. It needs to set right price for its product. They can use pricing strategies for tht such as Cost plus or skimming strategy for entering in new market if its new product. then, Promotion is basically advertising the product choosing correct medium and then keeping it constant considering its cash flow internally. Then, Product itself, if it needs new editions or change something tht is faulty. Thts is mostly.

Hope that helps!

[X Abdulrahman X]

nice explaination hmh +rep

[hmh]

nice explaination hmh +rep

thx m8, jst trying my best to help everyone...

[Freaked12]

how to plan a market research..jus answer me correctly be it of 2 lines.
what should come in Price,Place,Product,Promortion

Market research is 2 types.
-Primary which is first hand. A trusted source of information as its done by business itself. It can be done by interviews, questionnares, face-to-face.
-Secondary which is 2nd hand. Can't be fully trusted. It can be done by using external sources of info like newspapers, government analysis published in magnizes, other companies data.

The 4 P's ur saying is part of Marketing Mix but not Marketing Research


Hope that helps

indeed a gr8 help ..but it really meant marketing mix..
every year therez a question as to how it is planned,the marketing mix...do u kno abt?

Marketing Mix research is more about how to analyse company's own functions to be stable in market for its product. Place is where does company sells its product. It needs to identify what type of product is it and then choose where to sell it. Then, Price. It needs to set right price for its product. They can use pricing strategies for tht such as Cost plus or skimming strategy for entering in new market if its new product. then, Promotion is basically advertising the product choosing correct medium and then keeping it constant considering its cash flow internally. Then, Product itself, if it needs new editions or change something tht is faulty. Thts is mostly.

Hope that helps!

amazing...thankyou..but i want to ask..in place should there be channel of ditribution described as well.

[hmh]

how to plan a market research..jus answer me correctly be it of 2 lines.
what should come in Price,Place,Product,Promortion

Market research is 2 types.
-Primary which is first hand. A trusted source of information as its done by business itself. It can be done by interviews, questionnares, face-to-face.
-Secondary which is 2nd hand. Can't be fully trusted. It can be done by using external sources of info like newspapers, government analysis published in magnizes, other companies data.

The 4 P's ur saying is part of Marketing Mix but not Marketing Research


Hope that helps

indeed a gr8 help ..but it really meant marketing mix..
every year therez a question as to how it is planned,the marketing mix...do u kno abt?

Marketing Mix research is more about how to analyse company's own functions to be stable in market for its product. Place is where does company sells its product. It needs to identify what type of product is it and then choose where to sell it. Then, Price. It needs to set right price for its product. They can use pricing strategies for tht such as Cost plus or skimming strategy for entering in new market if its new product. then, Promotion is basically advertising the product choosing correct medium and then keeping it constant considering its cash flow internally. Then, Product itself, if it needs new editions or change something tht is faulty. Thts is mostly.

Hope that helps!

amazing...thankyou..but i want to ask..in place should there be channel of ditribution described as well.

No.. i dont think thts plays a great role in placing product.. Channels of distribution are more towards how company wants to increase its market of product. For example, does it find it really diffucult dealing with 1000s of consumers and tht costs a lot? so it wud then find another channel of distribution to decrease its cost and increase its profit. Marketing Mix - Place is more about getting new markets for the product. If one market is saturated with the product and now sales are going down, it wud introduce the product to new marker(new place) to increase bak sales and keep its profit high enough.

[7ooD]

depends on the question 4 eg if da company mentioned is planing to sell export 2 other countries then u could say by using an agent to sell goods aboard

[hmh]

depends on the question 4 eg if da company mentioned is planing to sell export 2 other countries then u could say by using an agent to sell goods aboard

yea tht could be said.. but then question wud have different angle..  if it mentions marketing mix or marketing research comparing other companies.. then its mostly about 4 Ps. Again, exporting would be entering new market, introducing product to new market if not already did. Thanks anyways

[Nanavel]

Hey ..

I Lost my business book's Index and it is new book .. now i cannot find about the Labour Intensive and captial intensive >>  can you please check your books under which Chapter name does these 2 topics are coming ? All the business books are the same .

and I can never understand The Channels of Distribution and which channel is more important Help please .. I dont have internet , My dailup wil finish any moment by now ..

Please !

[Freaked12]

Hey ..

I Lost my business book's Index and it is new book .. now i cannot find about the Labour Intensive and captial intensive >>  can you please check your books under which Chapter name does these 2 topics are coming ? All the business books are the same .

and I can never understand The Channels of Distribution and which channel is more important Help please .. I dont have internet , My dailup wil finish any moment by now ..

Please !

dude if u cant find anything in the book just go to wikipedia.and i assure u..u only need to know the adv and disadv and they are for capital internsive-lower average costs which results in low prices charged for products leading to high revenue.No need to employ skilled labour so labour costs go down,Relatively unskilled workers are needed so no need for training,high efficiency.or u want more?? disadvantages of capital include high capital required,one machine breaks down whole process comes to a halt,very boring work,low motivation etc
advantage of labour intensive include quality products while disadvantage include high labour costs and jealousy among the workforce

for the Channel of distribution.jus see what each 4 channel of distribution is  abt..like in first it is direct Producer to the consumer done for example by mechanic shops etc the second is Producer to the retailer to the consumer like for example tesco shops
third one is abt Producer to wholesaler to retailer to consumer..this is done in case of fruits and vegetables.firms go for it as they recive discounts on bulk buying.fourth one is producer to agent to whole saler to retailer to consumer...this happens in export markets when the firm wants to export it would hve to contact the agent for knowledge abt the local market

hope it helps and +rep:D

[gonnagetana]

yay!!! i finished my exam!!! and it was goooood!

[Nanavel]

was it easy