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Tuesday, 22 October 2019

A/S Business Studies Homework 4 Feedback

Innocent Drinks

                                                     
Distinguish between quantitative and qualitative market research. Which method did Innocent use at the music festival? [4]
o  Quantitative research means research using pre-set questions among a large enough sample size to provide statistically valid data
o  Qualitative research is in-depth research into the motivations behind consumer behaviour or attitudes
May involve focus groups…
o  Innocent used quantitative research
o  Why????
o  One simple question with only two possible answers
o  Not an in-depth approach
                
To what extent do you agree with the view that a more in-depth approach to market research would have been appropriate before launching Innocent Drinks? [15]
o  Kn /3 Ap /3 An /5 Ev /4
o  Definition…… of market research
'The process of gathering primary and secondary data on the buying habits, lifestyle, usage and attitudes of actual and potential customers'
o  ‘To what extent’ suggests a two sided approach with your judgements for evaluation marks
o  Arguments in favour of more in-depth approach….
o  Possible arguments against…
o  Conclusion in the context of Innocent