Question

In: Operations Management

400 words ------------------------------ You've been hired to conduct primary research for a video game company. They...

400 words

------------------------------

You've been hired to conduct primary research for a video game company. They want to know whether consumers are still purchasing games, what games they purchase, and whether consumers would be interested in a new gaming system priced well below the major systems (like Xbox and Playstation).

Choose three (3) of the steps in the primary research process and explain what important decisions would need to be made during those steps. Be detailed and provide solutions.

Note: If you know nothing about the video game industry, feel free to make up information.

Solutions

Expert Solution

Buying decision process of games

  • Awareness - Recommended by friends, advertisements, internet videos, and, screenshots
  • Evaluation - Personal Criteria (Genre, Theme, Game Series, Price, Developer, Graphics, Publisher, etc.
  • Precursive buying decision
  • Purchase

The continuum of buying decision behaviour

  • Routine response behaviour
  • Limited Problem Solving
  • Extensive Problem Solving

Routine response behaviour

  • Low-cost products
  • Frequent purchasing
  • Low consumer involvement
  • Familiar product brands, and, class
  • Limited thought, search, or, time given to purchase

Extensive problem solving

  • Infrequent purchasing
  • More expensive products
  • Unfamiliar product class, and, brands
  • High consumer involvement
  • Extensive thought, time given to purchase

Buying Behaviour

  • Significant differences between brands, and, high involvement - Complex buying behaviour
  • Significant differences between brands, and, low involvement - Variety seeking behaviour
  • Few differences between brands, and, high involvement - Dissonance reducing buying behaviour
  • Few differences between brands, and, low involvement - Habitual buying behaviour

Decision-making sets

  • Total set
  • Awareness set
  • Consideration set
  • Choice set
  • Decision

Consumer buying process

  • Problem recognition
  • Information Search
  • Evaluation of alternatives
  • Purchase decision
  • Post-purchase decision

Primary research

  • Assessing consumer buying behaviour
  • Collecting data on routine response behaviour
  • Collecting data on criteria for evaluation

Related Solutions

Some. Research about the video game POLYBIUS.
Some. Research about the video game POLYBIUS.
You've been hired by ABC Company to review several transactions that were omitted as Adjusting Entries...
You've been hired by ABC Company to review several transactions that were omitted as Adjusting Entries at December 31, 2015 as the bookkeeper was new and uncertain on how to record them. For each of the transactions listed below, record the appropriate AJE that would have been required at December 31st. Transactions:                                                A. On September 1, 2015, ABC received a $15,000 advance payment from a customer for services to be performed evenly over the next 15 months. The original entry...
How does a company typically conduct a portfolio analysis? It should be 400 to 500 words....
How does a company typically conduct a portfolio analysis? It should be 400 to 500 words. NO COPY AND PASTE NO PLAGIARISM Thanks
Applications : The Logit Model ) Suppose that you've been hired to work as an analyst...
Applications : The Logit Model ) Suppose that you've been hired to work as an analyst at a credit card department of a major bank. Your job is to analyse the historical card sales data, and to make recommendations to the management team. Suppose that in the past, your bank has been offering a choice of five credit cards, each with different level of annual interest and fees. Using the historical sales data, you estimated the following Logit model (using...
350-400 words Research has narrowed the thousands of leadership behaviors into two primary dimensions. Please list...
350-400 words Research has narrowed the thousands of leadership behaviors into two primary dimensions. Please list and discuss these two behaviors. Distinguish between charismatic, transformational, and authentic leadership. Could an individual display all three types of leadership?
You've been hired as an informatician at a state health department. The health department is developing...
You've been hired as an informatician at a state health department. The health department is developing systems to receive laboratory and clinical case reports from clinical settings, such as hospitals and doctors’ offices. Your state has an immunization Registry in operation for several years and has been successful in getting cooperation from healthcare settings to send out to the system. Question: Describe your interest in and experience with standardized terminologies. List at least three positive and three negative experiences with...
a. You've just been hired at a new job. You expect to work there for 4...
a. You've just been hired at a new job. You expect to work there for 4 years. Your boss offers you a hiring bonus of either $2,739 today, or an additional $22 per month, starting next month, on your salary. If your investments earn 2.75% APR (compounded monthly), how much would you gain or lose by taking the cash-bonus today? b. You purchase an antique car today for $52,394 You expect the price of the car to rise by 4%...
400 words ------------------------------ You are a product manager at Goldman Clothing Co. You've received some reports...
400 words ------------------------------ You are a product manager at Goldman Clothing Co. You've received some reports recently that customers are less interested in purchasing your product since you switched from a U.S.-based manufacturer to a Vietnam-based manufacturer. Your executive has asked you to identify what the problem is, and come up with three (3) alternative solutions to this issue, making sure to be detailed in each solution. Provide your problem statement and solutions here.
You've just been hired at a new job. You expect to work there for 5 years....
You've just been hired at a new job. You expect to work there for 5 years. Your boss offers you a hiring bonus of either $2,728 today, or an additional $35 per month, starting next month, on your salary. If your investments earn 2.75% APR (compounded monthly), how much would you gain or lose by taking the cash-bonus today? If you would lose money, indicate your answer with a negative number.
You've just been hired at a new job. You expect to work there for 3 years....
You've just been hired at a new job. You expect to work there for 3 years. Your boss offers you a hiring bonus of either $3,722 today, or an additional $26 per month, starting next month, on your salary. If your investments earn 4.91% APR (compounded monthly), how much would you gain or lose by taking the cash-bonus today? If you would lose money, indicate your answer with a negative number.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT