Qualification > Commerce
Business Paper (2)
hmh:
--- Quote from: Freaked12 on June 02, 2009, 09:28:50 pm ---how to plan a market research..jus answer me correctly be it of 2 lines.
what should come in Price,Place,Product,Promortion
--- End quote ---
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:
--- Quote from: hmh on June 02, 2009, 09:26:30 pm ---
--- Quote from: al noor on June 02, 2009, 09:22:49 pm ---
--- Quote from: hmh on June 02, 2009, 09:06:47 pm ---
--- Quote from: Mastermind on June 02, 2009, 09:06:06 pm ---Thanks! +rep for u ma man
--- End quote ---
Your welcome :) n thx
--- End quote ---
Heyzz can any tell me wat 2 study in the chapter location of a business??
--- End quote ---
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 :)
--- End quote ---
ohhhh okiii thankyou :)
hmh:
--- Quote from: al noor on June 02, 2009, 09:32:59 pm ---
--- Quote from: hmh on June 02, 2009, 09:26:30 pm ---
--- Quote from: al noor on June 02, 2009, 09:22:49 pm ---
--- Quote from: hmh on June 02, 2009, 09:06:47 pm ---
--- Quote from: Mastermind on June 02, 2009, 09:06:06 pm ---Thanks! +rep for u ma man
--- End quote ---
Your welcome :) n thx
--- End quote ---
Heyzz can any tell me wat 2 study in the chapter location of a business??
--- End quote ---
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 :)
--- End quote ---
ohhhh okiii thankyou :)
--- End quote ---
Your Welcome ;)
Freaked12:
--- Quote from: hmh on June 02, 2009, 09:31:57 pm ---
--- Quote from: Freaked12 on June 02, 2009, 09:28:50 pm ---how to plan a market research..jus answer me correctly be it of 2 lines.
what should come in Price,Place,Product,Promortion
--- End quote ---
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 :)
--- End quote ---
indeed a gr8 help :D..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:
--- Quote from: Freaked12 on June 02, 2009, 09:34:12 pm ---
--- Quote from: hmh on June 02, 2009, 09:31:57 pm ---
--- Quote from: Freaked12 on June 02, 2009, 09:28:50 pm ---how to plan a market research..jus answer me correctly be it of 2 lines.
what should come in Price,Place,Product,Promortion
--- End quote ---
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 :)
--- End quote ---
indeed a gr8 help :D..but it really meant marketing mix..
every year therez a question as to how it is planned,the marketing mix...do u kno abt?
--- End quote ---
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! :)
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