Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

company At&T Wk 4 - Part B: Marketing Data Analysis Internal Data Evaluate internal data sources for information that would be available to you if

company At&T Wk 4- Part B: Marketing Data Analysis
Internal Data
Evaluate internal data sources for information that would be available to you if you were employed by the business and what information you will receive from each source.
Identify 3 to 6 sources of internal data and list them in the Source column of the Internal Data Table. For each source, input what it measures, data, and potential data usage in the respective columns. Insert or remove rows, as needed. Row 1 contains a completed example for reference.
Internal Data Table
Source What it Measures Data Type Potential Data Usage
Example: Sales data Example: Monthly sales by specific product Example: Average sales that month in US dollars for each of 10 products; data can be segmented by business and consumer markets Example: Can be used for trend analysis, projections, and to measure effectiveness of promotions
Primary Data
Evaluate primary data needs to create and evaluate the marketing plan.
Identify 3 to 6 sources of primary data and list them in the Source column of the Primary Data Table. For each source, input what it measures, data, and potential data usage in the respective columns. Insert or remove rows, as needed. Row 1 contains a completed example for reference.
Primary Data Table
Source What it Measures Data Type Potential Data Usage
Example: Focus group Example: Product usage, motives, identify group level satisfaction, decision process, etc. Example: Qualitative Example: Identify different reactions of market segments to product. Identify marketing opportunities, product/service flaws and opportunities.
Secondary Data
Evaluate secondary data sources and the specific information you need from each source.
Identify 3 to 6 sources of secondary data and list them in the Source column of the Secondary Data Table. For each source, input what it measures, data, and potential data usage in the respective columns. Insert or remove rows, as needed. Row 1 contains a completed example for reference.
Secondary Data Table
Source What it Measures Data Type Potential Data Usage
Example: U.S. Census Bureau Example: Income over the last 4 years by family structure Example: Household structures with the highest income capacity Examples: Market share analysis and
customer segments
Customer Relationship Management (CRM)
Establish customer touchpoints and develop appropriate CRM events for customer acquisition, retention, and profitability.
Identify 3 to 6 sources of CRM data and list them in the CRM Touchpoint column of the CRM Touchpoint Table. For each CRM touchpoint, input purpose and CRM objective, data, and potential data usage in the respective columns. Insert or remove rows, as needed. Row 1 contains a completed example for reference.
CRM Touchpoint Table
CRM Touchpoint Purpose and CRM Objective Data Type Potential Data Usage
Example: Customer profile information on website Example: Starts the account for visitors: name, geography, email address (customer acquisition)
Examples: Presale: geographic location, customer id, source of reference, email address
Post-sale: address, product purchased, quantity, price. Examples: Track new and returning customer counts, total period purchases by customer ID, geographic sales data; Can be used for loyalty rewards, retention, and targeted marketing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management

Authors: Stephen P Robbins, Mary Coulter

11th Edition

9780273752776, 132163845, 273752774, 978-0132163842

More Books

Students also viewed these General Management questions