Research favorite consumer product

Assignment Help Managerial Economics

Reference no: EM133206246 , Length: Words Count:250

Assignment:

Managerial Challenge

Survey and opinion polling is another forecasting tool that may be helpful in making short-period forecast. The greatest value of survey and opinion polling techniques are that they help to uncover if consumer tastes are changing or if business executives begin to lose confidence in the economy to maximize their wealth.

Task:

(1) Research your favorite consumer product (iPhone, Coca Cola, Sony PlayStation, Gucci, Lego, Frito Lay Cheetos, etc.) for changes in trend (trend analysis)

(2) Develop a survey-opinion poll to determine if there should be a new product introduced. The questions in your survey-opinion poll should be designed to capture if the current users of the product are unsatisfied or completely satisfied with the product. This information will help you determine as the manager if you will introduce a new product.

(a) The survey must be at least 10 questions.

(b) The survey must have a reference list at the end for each article you researched to gather data on your favorite product.

Reference no: EM133206246

Questions Cloud

How would you advise them to align the roles : How would you explain the differences or similarities between national and international human resources to a company's top management? How would you advise

Be aware of for building or buying a house : Arizona State University - What you would need to be aware of for building or buying a house there.

Which of the changes will lead to increase carrying capacity : Which of these changes will lead to an increase/decrease in carrying capacity? Which of these changes will increase/decrease competition?

What key strategies would you employ : What key strategies would you employ to ensure your sponsors feel valued and appreciated

Research favorite consumer product : Research your favorite consumer product (iPhone, Coca Cola, Sony PlayStation, Gucci, Lego, Frito Lay Cheetos, etc.) New England College of Business and Finance.

How can companies better prepare supervisors : How can companies better prepare supervisors or lead staff to prevent accusations of unfair labor practices, and what actions should organizations take

Does sea-level rise the same way all around the planet : Does sea-level rise the same way all around the planet? Why or why not? Why is predicting changes in sea level so important?

Develop a plan to integrate the new data warehouse : Develop a plan to integrate this new data warehouse with an internet application. Revise the diagram you submitted in Wk 2 per your instructor's feedback.

Identify who are the primary leaders in the movie : Identify who are the primary leaders in the movie? What type(s) of leadership authority did they have? Boston University.

User Account

All Pages