Your Task:You have been given the task of preparing a market research brief for Subway.Subway is a fast food restaurant chain seeking to expand its operations across Melbourne.Melbourne’s population has been growing rapidly over recent years and the organisation believesthere are opportunities to expand its franchise operations by opening further stores.Research is now needed to locate the best locations to open new stores.For management to make informed decisions on new outlets, market and consumer research isneeded. Market research is needed on the macro, micro and numerical trends that might beimpacting on the Melbourne fast food category. Consumer research is needed on consumer’sbehaviour and attitudes/perceptions in relation to the fast food category and the Subway brand.Information on consumer characteristics are also required ie demographics.As the marketing manager of Subway, you need to prepare a market research brief for threemarket research organisations.Your market research brief should map out the research requirements and include / discuss ALLthe following research issues:Research ObjectivesOutline the market and consumer information you believe should be collected. Here you willneed to explain the:o Overall Business/Marketing Objectiveo Overall Research Objective – Relates to the research problemo Specific Objectives – Relates to the information needed to address the researchproblemMarket Information:Macro: What economic, political, cultural and/or technological trends mightbe impacting the market in which the organisation operates?Micro: What further information might be needed about competitors?Numerical factors: What numerical data might be needed eg. marketsize/growth?Consumer Information: Outline what information should be collected tomeasure current:Consumer behaviour towards the product/service category: This relatesto what consumers DO in the category ie. What, when, where, how often,spend etcConsumer attitudes/perceptions towards the product/service category:This relates to what consumers THINK about brands in the category ie.Purchase criteria, level of satisfaction with brands, recommendationConsumer demographics you believe would assist with analyses
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here