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The situation here states that being one of the world’s largest
designers, manufacturers, and distributors of luggage they must strive to
move forward and constantly understand the market to develop new
products constantly so that they may retain their position in the market.
President and Chief Executive Officer, Marcello Bottoli, with his
aggressive product development and marketing, hopes to increase his
market share. According to me all of researches are required to be
adopted in order to introduce their new products and increase their
market share as well.
● Product Research
This will help Samsonite understand their customer’s needs and help
them tailor the perfect type of products for their needs. This will help in
increasing the company’s share in the market and also their sales in the
process.
● Pricing Research
This is necessary to find the appropriate price for Samsonite’s
products so that they generate profit and is also affordable to their target
market in order to increase their sales.
● Promotion Research
The right form of promotion will help Samsonite reach their new
products to their customers. Through this form of research, they can
analyze which forms of communication can be applied in order to spread
the news of the new products to their customers.
● Distribution Research
This will help in analyzing what volume of products should be
distributed in retail and online services to generate maximum outreach.
These are also components of Descriptive Research where the empirical
data can be analyzed along with facts to study the product market and
take decisions accordingly to attain the most successful outcome.