MARKET RESEARCH Market research is any organized effort
- Slides: 39
MARKET RESEARCH Market research is any organized effort to gather information about markets or customers. It is the systematic gathering, recording, and analysis of data about issues relating to marketing products and services (Wikipedia)
Look at the range of products and services. Where are they usually advertised?
TV
magazines
billboards
Public Transport
Newspapers
Sports Sponsorhip
Radio
Which tend to have advertisements which: 1. use images of comfort and people being looked after? Life insurance 2. stress reliability and safety? Car tyres 3. use beautiful models? Perfume 4. emphasize excitement and glamour? Airlines
Which tend to have advertisements which: 5. show scientists in laboratories and use scientific evidence? Washing powder 6. have special characters, real or cartoon, which we associate with the product? Breakfast cereals 7. use jingles (a short and memorable song/piece of music)? Internet providers 8. use images of friendly, helpful, professional-looking people? Banks
DISCUSSION QUESTONS 1. What do advertising agencies need to consider when deciding the type of advert for a particular product? Advertisement agencies need to consider: ü the target customer ü where the advert will be seen ü what the product looks like 2. What kind of research do they need to carry out?
Types of research they could carry out; a street survey questionnaire focus groups where groups of people look at different types of products and discuss them. The advertiser observes and records the conversations. ü ü dustbin survey the researcher look at the types of products on the customer’s shelf to see what they are buying
VOCABULARY - 1 jingle (n) : A catchy, often musical advertising slogan. E. g. : The jingle of “Garanti Emeklilik” advertisement is really effective. gimmick (n): something used to attract attention to sth or s. o. e. g: an advertising gimmick. promotion (n): something designed to advertise a product, institution, etc. , as a brochure, free sample, poster, television or radio commercial. e. g: In order to sell their products, companies make promotions such as discount.
VOCABULARY - 1 survey (n) : a set of questions that you ask a large number of people to find out about their opinions or behaviour. Ex: We will conduct a survey of education level in the town. carry out perceive (v): to notice, see or recognize sth. Ex: That morning, he perceived a change in John’s mood. attitude (n): the opinions and feelings that you usually have about something. Ex: The people have a very positive attitude to life.
VOCABULARY- 1 position (v): to put in the proper or appropriate place; locate E. g: It’s vital to position your product appropriately in business life. token (n): a gift document that can be used as payment for goods of a specified value E. g. The customer exchanged his token with a free T-shirt. mailshot (n): a leaflet or other advertising material sent by post, or the posting of such material to a large group of people at one time E. g. : After their mailshot, they got hundreds of replies and orders. voice-over (n): the voice of an unseen commentator heard during a film, television program, etc. E. g. : Haluk Bilginer did the voice-over for Diego in Ice Age Series. .
VOCABULARY – answers 1 1. 2. 3. 4. Firms have to think carefully how to position their products; in other words to know which segment of the market they want to target. Which actor did the voice-over for the commercial? His voice sounds familiar. If you give the cashier the token from this packet, you’ll get the next one at half-price. We don’t believe in stupid gimmicks; we just give out customers first-class service.
VOCABULARY – answers 1 5. I think we should use local radio for our next advertising campaign. 6. I can’t stop singing that stupid jingle for Cornflakes! I can’t get the tune out of my mind. 7. There was an excellent response to our last mailshot; we sent 3, 000 letters and got 400 replies. 8. Our next sales promotion will include a special discount of 20%.
VOCABULARY - 2 survey (n): A detailed inspection or investigation. E. g. In order to measure the demand of the customer, the company carried a large -scale survey. blind testing (phr. ): a clinical trial in which participants are unaware of the products they taste and analyze. E. g. The participants of the survey were asked to taste some food that they did not know. perceive (v): to recognize or understand E. g. I perceive a note of irony in your voice. market research (phr): the study of influences on customer and consumer behaviors and the analysis of market characteristics and trends.
VOCABULARY - 2 questionnaire (n): a set of questions on a form, submitted to a number of people in order to collect statistical information E. g. : One of the common ways to collect data from customers is using questionnaire. dustbin survey (phr): a kind of survey where a researcher visits households and studies the labels of the products consumed. E. g. Some companies use dustbin surveys to see if customers use their products. life insurance (phr): insurance paid to named beneficiaries when the insured person dies E. g. In England, they call life insurance life assurance
VOCABULARY- answers 2 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. perceive market research survey questionnaires blind samples dustbin survey focus group consumers attitudes
LISTENING Look at the photos. What’s happening? The first photo shows a man carrying out blind testing. He is comparing different types of cereal. The second is an example of a street survey. Have you ever had an experience like this?
LISTENING Carry out a survey (phr. v. ) Put sth on ( the scale ) (phr. v. ) : to write or print sth or to make a mark with a pen or pencil. Ex. : Put a mark on the scale.
LISTENING – answers 2. 1 A – focus group B – blind testing C – street survey questionnaire D – dustbin survey
LISTENING answers 2. 2 ü What product are they dicussing? ü ü roller blades What does Stephanie like and dislike about it? likes the extra wheel ü doesn’t like the shiny plastic look ü ü Why doesn’t Nigel like them? ü because they are too feminine and not strong enough for speed skating.
LISTENING - answers 2. 3 SWEET FLAT FIZZY BITTER
LISTENING - 4 Imagine you run a market research organization. Discuss which research methods you would recommend to clients in these four situations. Situation 1: A manufacturer of a substitute for butter wants to know how to position its products against its competitors. It would like to know what consumers think of the taste compared to rival products, including butter.
LISTENING - 4 Imagine you run a market research organization. Discuss which research methods you would recommend to clients in these four situations. Situation 2: The managers of an airport want to find out how travelers and passengers perceive the services offered inside the airport terminal.
LISTENING - 4 Imagine you run a market research organization. Discuss which research methods you would recommend to clients in these four situations. Situation 3: A marketing research organization has to produce monthly reports with information about the buying habits of consumers. It studies the same consumers over a period of several years. Situation 4: The directors of a supermarket chain want to find out why customers prefer their main competitors.
VOCABULARY – Reading promotion blunder (phr): an embarrassing advertisement mistake E. g. Michelin made a promotion blunder by giving 40% discount. demand (n): willingness and ability to purchase goods and services E. g. The demand of the consumer determines the aount of the production. disastrous (adj) Extremely bad; terrible E. g. : The result of the advertisment process was disastrous.
VOCABULARY – Reading commit a mistake (exp): make a mistake E. g. : Nokia committed a mistake by offering a holiday to its customers. anticipated (adj): expected hopefully : awaited, hoped-for E. g. There was anticipated 500 offers; however, they offered 1000 booklets. astonishing (adj): surprising greatly E. g. She does an amazing amount of work consortium (n): a group of people doing business together : business association E. g. The small companies merged and formed a consortium.
VOCABULARY – Reading fiasco (n): A complete failure E. g. : The final project was a fiasco for the company.
VOCABULARY – Reading representative: a person who represents and tries to sell the products or services of a firm, esp a travelling salesman : member, delegate, agent E. g. : Avon is a company , which sells its products mostly by representatives
READING - 1 ü ü Can you think of any other special offers that companies use to promote their products and servises? What kind of special offers would you be interested in? Buy One GET ONE FREE !
READING - 2 COMPANY What the customer had to do What the company offered What went wrong a. Mc. Donald’s The customer had to Two big Macs for the buy a Big Mac price of one The demand was too great. Customers had to queue for over an hour, restaurants were closed. b. Hoover The customer had to Two free flights to the spend over 100 US. pounds on Hoover products 300, 000 people claimed the free flights and there were court cases and the company lost 50 million pound c. Pepsi The customer had to A military jet save tokens A student formed a consortium to buy the tokens and get the jet at a tenth of its real price. d. Pepsi The customer had to 30, 000 pounds find a bottle top which the winning number 349 A production error let to 800, 000 bottle tops with the winning number and Pepsi had to pay out five times its budget.
READING – 2 ü How long did customers have to queue at Mc Donald’s? ü ü How much did people have to spend on Hoover products to qualify for the offer? ü ü For more than an hour 100 pounds How much did the promotion cost Hoover? ü 50 million pounds
READING – 2 ü How many people claimed free flights? ü ü How many requests for handsets were there? ü ü 4. 5 million pounds What was the winning number? ü ü 750, 000 What was the full price of the military jet? ü ü 300, 000 349 How many winning bottle tops were produced? ü 800, 000
READING – 3 ü Underline words or expressions in the text which are similar in meaning to “mistake”. blunder ü disaster ü fiasco ü mess-up ü
THANK YOU
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