Discuss about the goals of marketing research

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Reference no: EM131833417

Generic Drugs Have Biggest Market Share by Unit Volume, but not by Total Revenues

One of the goals of marketing research is to study market facts, industry tendencies, and consumption behaviors so that organizations can continue producing goods and services that create value for diverse consumers.

This week, you have been hired as a market researcher to complete an exploratory study brief on innovative market sectors such as:

• Aerospace, aircrafts, and drones

• Games, apps, and social media

• Green technology

• Biotechnology, drugs, and genetics

• Nanotechnology

Choose only one innovative market sector, and using the Plunket Research Online Database, the class textbook, and at least one article from a marketing journal, complete the following:

1. Consumer behavior

A. Anticipated consumer behaviors

B. Anticipated consumer needs

2. Research goals

A. Scrutinize results and propose a question that have not been answered by the market or consumer behavior analyses

B. Choose any of the research collection methods described by Solomon et al. (2016) to collect data.

Examples of data collection methods include observations in natural settings, conducting focus groups, interviewing market experts, or surveying public, among others)

C. Discuss how you would conduct primary research for this product

3. Use the traditional introduction, body, and conclusion outline.

4. Use APA for both in-text citations and slide of references.

Attachment:- Biotechnology and drugs and genetics.rar

Reference no: EM131833417

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