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Provide a rationale that explains the benefits for the chosen industry / company.
Explain how collecting and analyzing sales data in the manner identified allows the company
to act strategically. How might
the data be used? Provide examples and cite your sources.
Sales by Product Line
Industry:
Company:
Specific examples within company:
How might data be used strategically?
Sales by Sales Representative
Industry:
Company:
Specific examples within company:
How might data be used strategically?
Sales by Location
Industry:
Company:
Specific examples within company:
How might data be used strategically?
SAP 9 - Chapter 3 - Q3
Geodemographic Segmentation
MARK 210 F23
10
1) Review the Chapter 3 section on geodemographic segmentation tools. In your own words,
explain geodemographic segmentation and how it
differs from other forms of market segmentation.
2) Using the MARK 210 Research guide off the Camosun library, find the Prizm or Claritis
segmentation tool.
a. On the site, click “postal Code Lookup.”
b. Choose a postal code you would like to explore (google to find one). Enter the postal code
and click “submit”.
c. Using the “PRIZM Premier” tab, review the top five segments returned. These segments
are the most highly concentrated PRIZM
segments in the postal code.
d. Click on each of the five segments and review the descriptions along with the “SnapShot”
data.
e. List and briefly summarize each segment.
3) Having reviewed the top five segments, think of a new product or business concept that
would meet the needs of those living within the
postal code. Be sure to relate your answer to the segment data you reviewed.
Week of Oct 2
SAP 10 - Chapter 4 - Q1
ASSIGNMENT 4.1
Conducting Secondary Research
You own a smoothie shop in Saanich. Lately you have been considering adding a drive-thru
window in hopes of increasing sales. The construction
costs are quite high, so you decide to conduct some quick secondary research to determine
if you should further pursue the idea. You’re also
interested in any innovations in drive-thrus so you can get the most of the potential
investment.
1) Find at least 3 reputable sources that will help you (a) identify the impact of a drive-thru
window on an establishment as well as (b) discover
the latest drive-thru innovations. Share the key highlights of each of your sources/papers.
2) In your presentation, briefly:
a. Summarize your findings using in-text citations where appropriate.
MARK 210 F23
11
b. Provide a concluding statement that addresses the research objectives and provides
a recommendation on whether or not to further pursue the idea.
3) Cite your sources in a cited page using appropriate citation format. Explain your citation
process and how it shaped the research process.
SAP 11 - Chapter 4 - Q2
Product and Pricing Intelligence
Understanding competitors involves monitoring their product and service offerings as well as
associated pricing strategies.
Step 1: Choose an Industry
From the options below, choose an industry you will conduct product and pricing intelligence
on.
● Ride sharing
● Meal kit delivery
● Streaming services
Step 2: Identify Top Players
For your chosen industry, identify the top competitors using a source. Search for industry
market share or top competitors. List the competitors
in order of industry dominance.
Step 3: Report Product and Pricing Strategies
Focusing on the top three or four players in the industry, conduct some brief research.
Report on their (1) product/service offerings (report types
of plans available) and (2) pricing structure associated with those offerings.
Step 4: Suggest Strategy for New Entry
Based on the intelligence you gathered, how would you suggest a new entry approach the
market? To help with your recommendations, think
about what products/services are missing or weak. Are there opportunities in the high or low
price categories? Be sure to reference your
intelligence from Step 3 in your response.
MARK 210 F23
12
SAP 12 - Chapter 4- Q3
Industry Trends
Keeping track of the latest best practices, opportunities, and constraints in a company’s
industry is a core component of external
secondary research.
Step 1: Choose an Industry
From the options below, choose an industry you will compile trends on.
● Ride sharing
● Meal kit delivery
● Streaming services
Step 2: Report Emerging Industry Trends
For your chosen industry, conduct research using articles and your institution's library
sources that focus on industry trends. Report at least
three trends that are either emerging in the industry or are forecasted to occur at some point
in the next five years. Trends are to be isolated to
the inner workings of the industry. For example, technological advances, changes in supply
chains, new ways of doing business, etc.
Step 3: Suggest Strategy for a Current Firm
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