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MARKETING RESEARCH
Marketing research involves conducting research to support marketing activities, and the
statistical interpretation of data into information. This information is then used by managers
to plan marketing activities, gauge the nature of a firm's marketing environment and attain
information from suppliers. Marketing researchers use statistical methods such as quantitative
research, qualitative research, hypothesis tests, Chi-squared tests, linear
regression, correlations, frequency distributions, Poisson distributions, binomial distributions,
etc. to interpret their findings and convert data into information. The marketing research
process spans a number of stages, including the definition of a problem, development of a
research plan, collection and interpretation of data and disseminating information formally in
the form of a report. The task of marketing research is to provide management with relevant,
accurate, reliable, valid, and current information.
When you say that you are undertaking a research study to find answers to a question, you are
implying that the process;
Uses procedures, methods and techniques that have been tested for their validity and
reliability;
To select effective strategies to increase market share in Bangalore city and to find out the
impact of FGC concept in the market.
To know if the customers are aware about the new Fresh Ground Cement concept of
ACC limited.
To know the consumers perspective about the price of the Fresh Ground Cement of
ACC limited compared to other brands of cement.
To know about the customer preference towards the Fresh Ground Cement of ACC
limited after knowing the concept.
The study helps to know the awareness of the FGC concept among the customers.
The study helps to understand the customer’s attitude towards the FGC concept, its
price and its brand.
The study will also help to know the effectiveness of the FGC concept on the
customer and the market.
The study will help the company to know the various strategies to be adopted to
expand its market.
This study would further help to anticipate the market share of FGC cement of the
company.
Sampling scheme.
Establishing the facts that are available at present and additional facts
required.
a. Primary data:
Primary research (also known as field research), involves the conduction and
compilation of research for a specific purpose.
Survey Method: Issuing of questionnaires to the customers.
b. Secondary data:
Secondary research (also referred to as desk research), initially conducted
for one purpose, but often used to support another purpose or end goal.
4. Sampling schemes:
Sampling allows the researcher to concentrate upon a relatively smaller number of
people and devote more energy to ensure that the information collected from them
was accurate.
Sample unit:
Regular and non regular customers of cement and ACC and non ACC
customers.
Sample size:
Sample procedure:
The field work was carried out, on these customers for a period of one month
through questionnaire.
2.8 METODS OF ANALYSIS:
The data, which is been collected from the various sources, is properly arranged and
analyzed with the help of tables, percentages, charts and graphs.
2.9 LIMITATIONS
The study only deals with contractors, engineers, individual house builder’s house
builders and retailers only.
Given the fact that the preferences and responses of the respondents would change
over a period of time.
Accuracy of the finding depends mainly on how sincerely the respondents have
revealed the information solicited from them.
2.10 CHAPTER SCHEME:
Chapter 1: Introduction
The part deals with the introduction on aspects of marketing like definition of
marketing, marketing environment, new product development, product life cycle,
marketing strategy, marketing mix, market communications, customer theory,
conclusion on marketing, cement history, status of cement, history of cement in India.