Write down the management decision problem

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Reference no: EM132905880

A national clothes retail chain is facing the problem of not getting enough repeat customers. They undertook the help of a research firm to get to the solution of the problem. They wanted to understand what the factors are, which will differentiate between customers who comes back for another purchase and those who does not. Accordingly, they want to prepare their business strategy.

(a) Write down the Management Decision Problem, Business Research Problem and 2 Research Objectives in this scenario.

(b) Is this a problem solving or a problem identification research?

(c) a questionnaire for the survey, what should be used here - FGD / DI?

(d) What technique of multivariate analysis should be used here?

(e) In each of the following situations, which should be more appropriate - FGD or DI -

(i) To understand consumer reactions to a new advertisement; (ii) To conduct research for understanding the investment risk potential of customer; (iii) To know the price perception of a new product.

Reference no: EM132905880

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