-Uses of Marketing Research and Analysis -Advantages and disadvantages of Marketing Research and Analysis. Steps involved in Marketing research:
1st Step : Identification and defining the problem
2ndStep : Statement of Research objective 3rd Step : Planning the research design 4th Step : Planning the sample 5THStep : Collection of data 6th Step : Data processing and analysis 7th Step : Formatting, conclusion, preparing Presenting the report CASE STUDY –Soap Santoor
With the help of
marketing research, Wipro found an opportunity to make an entry in the popular soap segment category and introduced a sandalwood -turmeric based soap called” Santoor”. FINDING AND CONCLUSION
With this report, it has been found that:
Marketing research and analysis is important in every aspect for introducing a new product in the market just like the above case study suggests how Santoor was introduced by Wipro and how the marketing research helped Wipro to understand why many consumers were switching to other soaps Also, it has been found that that with the help of marketing research, we can know the targeted customers through surveys, questionnaire, observational research, executive interviews, mail surveys and in- home personal interviews.
Marketing Management: 8 in 1 Guide to Master Strategy, Branding, Digital Marketing, Social Media, Analytics, Content, Business Development & Mobile Marketing