How should Jerome proceed with respect to the market research survey?

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June 29, 2020
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June 29, 2020

How should Jerome proceed with respect to the market research survey?

Jeromes customers are in the middle and upper middle income bracket and the store bases its reputation on having good, serviceable and not-too-fashionable clothing. The store also sells popular lines of cosmetics. Like all good department stores, the firm has a variety of departments ranging from china and jewellery to soft furnishings. At one time the firm also sold major electrical appliances but competition became too cut-throat and the firm decided to withdraw from that market. In the last 12 months the store has experienced a slowing down of sales of clothes. Management felt that perhaps this was because it was not really very fashion conscious in what it had to offer. As a result a decision was taken to have a market research study conducted to ascertain whether the store should stock more designer clothing in the mens, womens and childrens departments. It was intended that the survey interviews were going to be conducted in the consumers homes and would last more than one hour and a half. Jerome planned to show respondents a number of potential lines that could be added, including examples of clothing and information about the clothes designers. The cost of the proposed survey was of some concern to management. As a result, management was particularly concerned about the number of interviews that should be taken since this would obviously influence the total cost of the exercise. Question How should Jerome proceed with respect to the market research survey? Specifically, what approach should it take to sampling? Jerome should proceed with the low budget survey that has to include closed end questions by adding Yes or No that will motivate the respondents or the target audiences to provide the answers of each question without raising any issue. Otherwise, the current process of the survey is not only costly but it is time taking that may motivate the people to either deny from providing reliable information or cancel the survey

Jeromes customers are in the middle and upper middle income bracket and the store bases its reputation on having good, serviceable and not-too-fashionable clothing. The store also sells popular lines of cosmetics. Like all good department stores, the firm has a variety of departments ranging from china and jewellery to soft furnishings. At one time the firm also sold major electrical appliances but competition became too cut-throat and the firm decided to withdraw from that market.
In the last 12 months the store has experienced a slowing down of sales of clothes. Management felt that perhaps this was because it was not really very fashion conscious in what it had to offer. As a result a decision was taken to have a market research study conducted to ascertain whether the store should stock more designer clothing in the mens, womens and childrens departments.
It was intended that the survey interviews were going to be conducted in the consumers homes and would last more than one hour and a half. Jerome planned to show respondents a number of potential lines that could be added, including examples of clothing and information about the clothes designers. The cost of the proposed survey was of some concern to management. As a result, management was particularly concerned about the number of interviews that should be taken since this would obviously influence the total cost of the exercise.
Question
How should Jerome proceed with respect to the market research survey? Specifically, what approach should it take to sampling?
Jerome should proceed with the low budget survey that has to include closed end questions by adding Yes or No that will motivate the respondents or the target audiences to provide the answers of each question without raising any issue. Otherwise, the current process of the survey is not only costly but it is time taking that may motivate the people to either deny from providing reliable information or cancel the survey


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