Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE ANSWER THESE QUESTIONS!!! Assume you are managing a small business (pick a business you might run). You have 5 employees. Before you start your
PLEASE ANSWER THESE QUESTIONS!!!
Assume you are managing a small business (pick a business you might run). You have 5 employees. Before you start your business you obviously have no sales and a limited budget. Assume you have $2,000 to spend on marketing research before you start your business. Describe 2 types of marketing research you would conduct, how and why you would conduct the research, and 8 questions you would ask in that research. Change the numbers in this scenario if it makes it more meaningful to you, just state your particular scenario (numbers). As always, the reasoning for your answers is important. --Type of Marketing Research: How and why that type of research: Research Questions: 1) Reason: 2) Reason: 3) Reason: 4) Reason: --Type of Marketing Research: How and why that type of research: Research Questions: 1) Reason: 2) Reason: 3) Reason: 4) (See next page) After the first year of your business, you have sales of $100,000 and a marketing budget of $ 10,000. You have 100 existing customers. How much of the $10,000 marketing budget would you apply to marketing research after the first year? Describe 2 types of marketing research you would conduct, how and why you would conduct the research and 8 questions you would ask in that research after the first year. This research will probably be different than the research you did before you started the business. --Type of Marketing Research: How and why that type of research: Research Questions: 1) Reason: 2) Reason: 3) Reason: 4) Reason: --Type of Marketing Research: How and why that type of research: Research Questions: 1) Reason: 2) Reason: 3) Reason: 4) Reason Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started