Marketing Homework

[MT450: Marketing Management]

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Unit 2 Assignment Assignment

Your top franchisee owns several franchises in New York, NY. Over the last three years, sales and market share have declined 5% each year in the consumer segment and business segment. As the marketing manager for the franchise, you have decided to fly to New York and develop a market research plan to understand the problem.

Write a brief paragraph that answers the following questions. (This should not be in Question/Answer Format).

1. Suppose that the franchisor was considering bringing a new kind of product or service to its stores. What kind of research would it need to do in order to have some confidence that the new product would sell well?

Next, using the market research process in the diagram below, develop a market research plan that will provide a better understanding and solution to the problem.

Address each step in detail.

Please make sure you include primary and secondary sources in your market research plan. See the diagram below.

[MT450: Marketing Management]

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Lastly, other than forecasting sales, what other uses are there for forecasting methods?

You will provide a 3-5 page (APA formatted) a market research plan paper with at least three supporting references. You should include at least one illustration which can be included in the body of your paper or appendix.

NOTE: Your paper should be in APA format and cite all references used.

Submit to the Unit 2: Assignment Dropbox.

Unit 2 Assignment Grading Rubric 100% 40

Specific Paper Objectives: Assignment Checklist (80%):

Percent Possible Points

Research question on new product 20 8.0

Develop a market research plan 30 12.0

Forecasting Methods 30 12.0

80 32.0

Writing Style, Grammar, APA (20%)

Grammar and Spelling 8 3.2

Responses are concise and direct 7 2.8

[MT450: Marketing Management]

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Reference list and citations are provided 5 2.0

20 8.0

Total 100% 40.0