Student's Message:
Describe precisely as how the food chain should respond to the market research findings in the following choices:?
a.Selection of Cities
For Selection of cities We have to Found the Exact Location Keeping in Mind the following Points which are most beneficial for a business.
the area in which we are going to open is relevent to markete Size, Markete Demographics,Major Industrial Supplies,Taste of people and their Priorities.
b.Selection of media for advertisement
Sometimes entrepreneur need a better understanding of the aize of their market, their target customer and the best way to reach them.Market research can help by providing information about the effectiveness of your marketing efforts.We have to take notice In which Marekte we are planing and what kind of Social Media Platforms users are available there.For Example,
If Instagaram/Facebook Users are Most due to the usage of Smart Phones, We will advertise it as a Mobile MArketing
If Locals prefer the Hoardings/Bill Boards we will advertise ourself as per the need.
If locals are on Youtube/Cable we will advertise it as per their Ease.
C.Decoration of sitting place
Successful entrepreneur use market research to keep up with trends, make better business , and maintain their companies competitive edge. For Example,
If People are in Modern City, We will make interior Designing as per their Standars.
If People are average and Smart then We will make our Interior in Open Place with touch of Greenery items.
Sitting Chairs and Crockery were as per markete Standards,Demographics
d.Provision of Wifi
In this era,Smart Phones availabilty is common because it is the need of Every Consumer.Wifi makes a better Customer Satisfaction with no extra Budget requirement.Wifi Speed must be Fast because it is the basis priority of using any brands merchansts.
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