Question

In: Operations Management

Explain the market research process to a young marketer who wants to undertake a market research...

Explain the market research process to a young marketer who wants to undertake a market research to determine the effects the new rail transport system will have on haulage companies (road transport)

Solutions

Expert Solution

The latest transport by rail affects Tema's haulage firms. Our aim for market analysis is to discover the impacts of rail transport today on haulage firms. I used the survey methodology and review of historical and current transport details for further consumer studies on the rail transport. The modern rail transport impacts the house company, as it gives realistic relief to the transport of the haulage firms. All the more socially friendly, capable of shipping vast volumes, more efficient and timely than transportation of freight, increasingly successful, more coordinated, secure transport, greater efficiency, ideal for heavy and bulky merchandise. New train transportation has several negative considerations, such as huge volumes being advantageous to carriers; terminals are needed to load, unload the freight, lack adaptability, administration of entry-to-entry, not appropriate for short distances, and more formalities, etc. Having recognized the existing benefits and misfortunes of train transportation, I thought the current rail ideal for larger as a bulky product for high-distance travel. The haulage firms are faced with a few problems of shortage of freight orders; exorbitant freight relative to haulage. For the administration of the limited distance and access to the gate, transport is always required.


Related Solutions

QUESTION 3 a. Explain the market research process to a young marketer who wants to undertake...
QUESTION 3 a. Explain the market research process to a young marketer who wants to undertake a market research to determine the effects the new rail transport system will have on haulage companies (road transport) in Tema. b. Discuss the primary information collection methods that can be used by the young marketer to conduct this research.
Explain the market research process to an aspiring investor who wants to undertake a market research...
Explain the market research process to an aspiring investor who wants to undertake a market research to determine the effects the new rail transport on haulage companies (road transport) in Tema.
Assume that you are a consultant for a marketer who wants to design a package for...
Assume that you are a consultant for a marketer who wants to design a package for a new premium chocolate bar targeted to the market. What recommendations would you provide in terms of such package elements as color, symbolism, graphic design, smell, and sound? Give the reasons for your suggestions based on the knowledge you acquired during your consumer behavior course.
discuss various steps in the research process that you will undertake
discuss various steps in the research process that you will undertake
discuss various steps in the research process that you will undertake
discuss various steps in the research process that you will undertake
Suppose you are a consultant for a marketer who wants to design a new packaging for...
Suppose you are a consultant for a marketer who wants to design a new packaging for a premium chocolate for the high-income market. What color, logo, design graphics would you recommend? Give your suggestions an explanation. Use knowledge related to customer COGNITION to make the right recommendations.
discuss the various steps in the research process that you would undertake. (14)
discuss the various steps in the research process that you would undertake. (14)
A management company must first decide whether to undertake a market research survey. If the market...
A management company must first decide whether to undertake a market research survey. If the market research study is conducted, the outcome will either be favorable (F) or unfavorable (U). Assume there are only two decision alternatives, D1 and D2, and two states of nature, S1 and S2. The payoff table showing profit is as follows: State of Nature Decision Alternative S1 S2 D1 100 300 D2 400 200 a) Using the following probabilities, what is the optimal decision strategy?...
A management company must first decide whether to undertake a market research survey. If the market...
A management company must first decide whether to undertake a market research survey. If the market research study is conducted, the outcome will either be favorable (F) or unfavorable (U). Assume there are only two decision alternatives, D1 and D2, and two states of nature, S1 and S2. The payoff table showing profit is as follows: State of Nature Decision Alternative S1 S2 D1 100 300 D2 400 200 Using the following probabilities, what is the optimal decision strategy? P(F)...
A marketer wants to determine the proportion of London shoppers who have purchased gifts online throughout...
A marketer wants to determine the proportion of London shoppers who have purchased gifts online throughout the year. From a random sample of 2,079 consumers, 1,396 consumers stated that they purchased their holiday gifts online last season. (Round all final statistics and final answer to fourdecimal places) (a) Calculate and construct, the 95% confidence interval estimate for the proportion of London consumers who purchased their gifts online. (3 points) (b) INTERPRET YOUR RESULTS (c) Is it reasonable to say that...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT