Need marketing helpw ith applied managerial decision making

Nov 23rd, 2015
Price: $10 USD

Question description

Michelle knows that MM needs to determine who the target customer is for the new product. She knows that marketing research needs to be done as part of this market segmentation and product development processes, but she is not well-acquainted with some of the details that are involved in the processes. She has stopped by your office to ask some questions.

“Thanks for canceling your other meeting this afternoon,” she says.

“No problem,” you say. “I rescheduled my meeting with multimedia; it actually works out better for them, too.”

“I’ve heard about quantitative and qualitative research, but I’m not sure I really understand the difference between the two,” she begins. “I’m sure there are advantages and disadvantages to each of them, but without knowing, I’m not sure which type of research we need to conduct. What do you think?”

Before you can respond, Michelle’s cell phone vibrates.

“Excuse me, I have to take this,” she says.

Michelle takes her call and then stands up.

“Well, I’m sorry to do this, but I have an emergency that I have to deal with right now,” she says. “Would you do me a favor? Send me a memo that explains the two types of research and include brief explanations about the advantages and disadvantages of each as related to how they could be used by MM. I’d like to be able to speak intelligibly to this at the next board meeting.”

“Sure,” you respond, thinking that this will make for a pretty lengthy e-mail. “I'll also include how each method can help us define our target market. Will that help?”

“Yes, great idea,” she replies. 

“Ok! I’ll get that to you by close of business tomorrow,” you say.

Tutor Answer

(Top Tutor) Daniel C.
School: New York University

Studypool has helped 1,244,100 students

Review from our student for this Answer

Nov 23rd, 2015
"Top quality work from this guy! I'll be back!"
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors