Reference no: EM133167915
Taste Tests
Taste tests are a tool that marketers have been using for decades. One soda maker giant has been conducting a "challenge" since the mid-1970s. A fast-food chain conducted a series of taste tests in 2008 that ended up being a successful campaign for the restaurant.
For this assignment, you will conduct a taste test using at least 7 participants. Select a packaged food product such as chips, cereal, cookies, or ice cream. You will use a brand name product and its store brand or generic counterpart. Be sure to compare 2 like products. For example: Do not have a taste test of a savory cereal and a fruity cereal. You need to compare the fruity cereal with a generic or store brand fruity cereal. After the taste test, ask each respondent what brand of the product he or she usually buys before revealing the selected product.
Hint: Food and lifestyle magazines and Web sites publish taste tests periodically. It may be a good idea to see how they compare various products so that you have a better idea of how to conduct your study.
Provide a description of the process through which you collected the data.
Give an overview of the results using tables or charts and words.
Analyze the results. Be sure to consider the respondents' self-reported brand preference and their choice in the taste test.
Assess the implications. How can a marketer use the results in its marketing communications plan?
Research about potential location
: What would you want to know about the location in terms of traffic, population, incomes, employment, and competition?
|
Describe purpose of ratio analysis
: Describe purpose of ratio analysis. Describe at least one profitability ratio, one liquidity ratio, and one overall financial stability ratio.
|
Implementation plan and change management
: Focuses on the creation of an implementation plan and associated change management.
|
Detailed speaker notes and visuals elements
: Prepare a 3- to 4-slide presentation with detailed speaker's notes and visuals elements.
|
Marketing communications plan
: Taste tests are a tool that marketers have been using for decades. How can a marketer use the results in its marketing communications plan?
|
What is the overall message of the brand
: Describe the three ads or commercials and include the link if applicable. What is the overall message of the brand? Explain in depth.
|
Components of social intelligence system
: What is social media research? What sources of error are common in social media research? What are the components of a social intelligence system?
|
Treacy and wiersema sources of competitive advantage
: Treacy and Wiersema's sources of competitive advantage. Operational excellence, product leadership, and customer intimacy are three means to the same end
|
According to international air transport association
: According to the International Air Transport Association (IATA) chief economist, Brian Pearce, the airline industry may lose up to $157 billion to coronavirus.
|