Purdue hospitality and tourism management plan of study

MT 450 Purdue University Product Marketing Research Plan Paper
Subject
Business Finance

Course
MT 450

School
Purdue University Global

Department
MT

Question Description
The Product Marketing Research Plan

Research is becoming much more critical to all aspects of business as competition gets more intense, and as consumers can choose between a wider array of products online. You will address just the first two steps of the market research planning process to better understand what is really involved in marketing research.

The following Course Outcome is assessed in this Assignment:

MT450-2: Develop a marketing research plan for a product.

Scenario: After your first couple of months as a product line manager with this new successful startup, ASG, you are called into the conference room. The marketing director announces that she has a product idea you need to research.

Make sure to complete the Learning Activity in order to be more successful in completing this Assignment.

View the introductory ASG simulation, view the simulation research tip and the ASG Customer Service Representative (CSR) database(see attachment), and then address the checklist items.

Instructions: Below is your task checklist. Respond to all the items in a 2- to 3-page paper (minimum 600–800 words) with additional title and reference pages in APA format and citation style.

Checklist: (Steps 1 and 2 of marketing research planning)

Define the problem and research objectives you want answered in line with the company's mission and objectives.
Determine how to go about getting answers to those research questions in the most time- and cost-efficient way while getting viable and significant data (i.e., determine the means of obtaining the data).
Explain what type of data you will you need, primary or secondary.
Explain what type of research you will pursue. Will you use quantitative or qualitative data? Explain why.
Describe the sampling plan: