The objectives of this research is to increase sales and to promote the new fast food restaurant. The purpose of this research is to finalize a conclusion of increasing profit and that highways environment affects more towards an advantage or disadvantage form of promoting the fast food restaurant. Information that will be used during this research is the fact how common are fast food restaurant located along major highways and data analysis of other upper class fast food restaurant including perspective of others. This resources will be used to provide a better knowledge of understanding on fast food restaurants located along major highways and how to conduct a good marketing strategic plan. The purpose of market research is to have an analysis …show more content…
This research will focus on how to increase sales to maximize profit gain. Quantitative research is beneficial for testing the results provided by a series of qualitative research, ending it to a conclude answer and minimizing the percentage of possible directions for continues research to pick up. Basically, if budget its not a problem, then both qualitative and quantitative research can be use since both research provide different perspectives and usually complement each other. This methodological approach is a cost-effective alternative to the combination of in-person focus groups and a separate quantitative study. (Amora,2010) Product promotion strategy is definitely a way to increase awareness of a new fast food restaurant in front of the public and bringing in new consumers that will increase sale. There are different variety of ways to promote a fast food restaurant. Depending on the objective, different methods are implement for different marketing …show more content…
Furthermore, by penetrating the market by saturating the fast food restaurant aids in having more branches in different location. Market penetration is among the least risky of the four growth strategies, according to the Quick MBA website. Market share tend to increase as it is a common marketing objective that many company have been using this strategy. By having extra convenient business landmarks or major highways can aid in receiving more consumer in the existing market. This involves aggressive sales efforts or additional marketing to penetrate into an existing consumers base. (Kokemuller,2014) The type of consumers that will be the targeted are variety seeking and habitual consumers, based on buying decision behavior become more complex in the result of more buying participants and deliberation.(Farooq,2011) So, the reason of choosing variety seeking its because variety seeking buying behavior relates to situations that involve in low consumer purchases, but the consumer preview many significant differences among the brand options .
Meanwhile, Apple tends to keep new hires out of the loop on new developments to ensure that there are no leaks to the public. As mentioned earlier, Chick-fil-A and Apple are both profitable companies selling entirely distinct products. With any successful business, there will be factors set in place to promote excellence and to continue dominance of the market. In this case, Chick-fil-A and Apple follow a strategic process to make sure they have the best employees.
Expansion into developing nations with different social and cultural parameters would require altering the menus and catering to the specific customer needs. Economic factors The low franchising cost comparing to the competitors is an advantage for Subway. However the cost of ingredients and supplies used in the preparation of food is higher than that of the competition due to the need for fresh ingredients. Customers have a perceived value which is higher than that of the product offerings of alternate fast food chains.
In Margaret Visser’s essay, “The Rituals of Fast Food”, she explains the reason why customers enjoy going to fast food restaurants and how it adapt to customer’s needs. Some examples of the most loyal fast-food customers are people seeking convenience, travelers, and people who are drug addicts. First, most loyal customers are people seeking convenience. The reason why fast food restaurants are convenient because longer hours of being open, the prices are good , etc. As Visser said in her essay, “Convenient, innocent simplicity is what the technology, the ruthless politics, and the elaborate organization serve to the customer” (131).
Analysing the data: - Identifying patterns and trends Problems relating to marketing: - These incorporate what cost to change, how best to publicize the products and administrations, where to offer them from etc. Types of research: - There are two types of research that businesses’ use to gather the right information for the company the first research is called primary research and the second method is secondary research. Primary Research: - Experiments, investigations, or tests carried out to acquire data first-hand, rather than being gathered from published sources. Secondary Research: - Research based on secondary data.
2015 St. Andrews International School Business & Management Extended Essay [Which components of Arsenal Football Club’s promotional mix in China need to be developed in order to maximize merchandise sales?] ABSTRACT The finality of this research project is to suggest the best promotional mix strategy that Arsenal Football Club could use to maximize their merchandise sales. Throughout the essay this paper will aim to answer the question “Which components of Arsenal Football Club’s promotional mix in China need to be developed in order to maximize merchandise sales?”
1. Supporting point 1: Nowadays we can see these fast food restaurants in almost every shopping mall and there is at least one of these franchised restaurants in each area of the city and still increasing in number because of the high demand. a. Sub-supporting point 1: Although there are lots of choices of food inside a mall, but people often choose fast food as it is affordable and yet it is tasty and filling at the same time. b. Sub-supporting point 2: For example, in the Kuala Lumpur International Airport, there are a lot options of food to choose but the two franchised McDonalds are still always
APPENDIX: Political: There are some political factors that are important to know while considering the performance of food chains like Arby’s. These factors can have an impact on Arby’s such as the health and safety rules provided by the government of the state/country in which the Arby’s division works. These rules can have a direct role in creating the strategies and approaches. Moreover, health-associated campaigns by the government have an impact on the food chains like Arby’s. Political factors also comprise of laws, activities and groups that impact and limit companies and individuals in a certain culture and society.
For this efficient communication with its customers is very important. It makes use of networking, media and internet to communicate. Apart from advertising itself through radio, television, banners, barouches it’s also been reaching out to its customers with the help of social media like Facebook and twitter. It also uses demographical strategy to meet its consumer’s interest. Burger king have established a data driven marketing process whose main focus is driving restaurant sales and traffic, while targeting a larger consumer
Title: FAST FOOD POPULARITY A. Introduction: Nowadays, most people -especially kids and youngsters- prefer to eat fast food, such as McDonald, pizza, fried food, and etc. Why it has become so popular? It is tastes better than homemade food? B. General Statement: Fast food industry has grown dramatically and become so popular. According to the research, people spend more money on fast food than the education.
One of the marketing decisions Kellogg’s made was that they wanted to carry out primary research. They did this because it is a reliable source of information because it is directly from the target market. They prepared questionnaires and street interviews to ask the public about their upcoming cereal brand. As well as this one of their main research methods Kellogg’s used is focus group, which was used to essentially provide them with qualitative research.
Throughout the last few decades, fast food companies have started popping out everywhere. With the
According to TrackMaven, market segmentation is the process of dividing the market of potential customers into groups, or segments, based on different features. The created segment consists of consumers who will respond to the same marketing strategy and who share the nature of the same interests, needs, or locations. McDonald uses demographic segmentation as their main types of market segmentation. According to Sakshi Natani (2016), McDonald in Malaysia used mainly demographic segmentation, which divided in age, income, family-life cycle and social class.
If you want sports and beer where is the best place to go to watch them? Buffalo Wild Wings can be described as a comfort food restaurant and good environment for sports. Whether it is for basketball, football, soccer or baseball we have it all. It offers mid-priced, simple food in a relaxed atmosphere. Unlike Applebee's, a restaurant in a similar price category, Buffalo Wild Wings' targets a slightly younger demographic.
Task 2a Marketing Environment Marketing environment of a company which consists of macro environment and micro environment will affects the ability of marketing management of the company to build and retain the loyalty and relationships with their target customers. Macro environmental factors will form opportunities and pose threats to the company, as well as affecting the marketing decision of the company. Besides, micro environmental factors consists of actors which close to a company that can affects ability of the company to serve others. A company can do well when they are able to understand and adapt well in the environments.
1.1 Task 1, P1. Under this task I will explain the ethical issues of KFC Company needs to be consider in its operational. Ethics Ethics can be defined as moral guidelines which govern good behavior, so to behaving ethically is what deemed to be morally acceptable. Business ethics: It is a form of applied ethics or professional ethics observes ethical principles and moral or ethical problems that arise in the business environment. It applies to all aspects of professional behavior which applicable for the behavior of individuals and entire organizations.