Determine where it stands in the fireplace and patio

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Reference no: EM132391726

After working hard at the same job for nearly fifty years, Steven James III has finally retired from his position as president and CEO of James & Sons Fireplace & Patio. Reluctantly, his son Steven James IV, who has also worked in the family business since graduating from college, has agreed to take his place at the helm of the nearly one-hundred-year-old company. Steven III knew that he wanted his oldest son to run James & Sons, but convincing him to take the job took a lot of work. Steven IV, who majored in marketing in college, told his father that if he were to take over, he would be taking the company in a different direction-and upon doing so, his first act of business would be a comprehensive market research study to determine the best direction.

How would a market research study help James & Sons determine where it stands in the fireplace and patio industry?

How would the market research study that Steven IV is considering best approach each of the following subjects?

  • Environmental factors
  • Customer attitudes, behaviors, and perceptions
  • Product research
  • Marketing, advertising, and promotion research
  • Corporate research

Reference no: EM132391726

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