Mt459: Consumer Behavior Unit 3 Assignment
Do you think that it was a good segmentation for M&M’s to develop a new version targeting adults?
In observing how M&M’s have changed over time from the addition of peanut butter and almonds to the changing of colors and sizes I think that was a great segmentation strategy to develop a new version targeting adults. The new line of M&M’s is 55 percent larger in size and they come in colors that are appealing to adults in its design (Schiffman & Kanuk, 2007). According to spokeswoman Joan Buyce of Masterfoods USA this creation is designed with adults in mind and "It broadens our portfolio so there 's something for everyone" (M&M 's get mega-sized, 2012, p.1). Buyce also states that the new M&M 's are available in milk chocolate as well as peanut varieties and come with an adult-oriented color scheme which includes teal, beige, gold, maroon, brown and blue-gray (M&M 's get mega-sized, 2012). Due to the new line of M&M’s including aspects that target adults I think that it is a great segmentation strategy because appealing aspects are included in the development of the new version.
Discuss three basic types of research of design (exploratory, descriptive and casual).
The three basic types of designs are exploratory, descriptive and casual research. In the explorative research there is systematic and flexible and allows the researcher to investigate desires (Marketing Research Design, 2012). Explorative research is also most commonly unstructured, informal research that is undertaken to gain background information about the general nature of the research problem (Marketing Research Design, 2012). While descriptive research describes and measure marketing phenomena at a point in time (Marketing Research Design, 2012). This type of research is classified as a cross sectional study, because it is a one-time measurement, which is established in market research, outnumbering longitudinal studies and casual studies (Marketing Research Design, 2012). Casual research is
In observing how M&M’s have changed over time from the addition of peanut butter and almonds to the changing of colors and sizes I think that was a great segmentation strategy to develop a new version targeting adults. The new line of M&M’s is 55 percent larger in size and they come in colors that are appealing to adults in its design (Schiffman & Kanuk, 2007). According to spokeswoman Joan Buyce of Masterfoods USA this creation is designed with adults in mind and "It broadens our portfolio so there 's something for everyone" (M&M 's get mega-sized, 2012, p.1). Buyce also states that the new M&M 's are available in milk chocolate as well as peanut varieties and come with an adult-oriented color scheme which includes teal, beige, gold, maroon, brown and blue-gray (M&M 's get mega-sized, 2012). Due to the new line of M&M’s including aspects that target adults I think that it is a great segmentation strategy because appealing aspects are included in the development of the new version.
Discuss three basic types of research of design (exploratory, descriptive and casual).
The three basic types of designs are exploratory, descriptive and casual research. In the explorative research there is systematic and flexible and allows the researcher to investigate desires (Marketing Research Design, 2012). Explorative research is also most commonly unstructured, informal research that is undertaken to gain background information about the general nature of the research problem (Marketing Research Design, 2012). While descriptive research describes and measure marketing phenomena at a point in time (Marketing Research Design, 2012). This type of research is classified as a cross sectional study, because it is a one-time measurement, which is established in market research, outnumbering longitudinal studies and casual studies (Marketing Research Design, 2012). Casual research is
References: M&M 's get mega-sized. (2012). Cable News Network. Retrieved from http://money.cnn.com/2005/08/04/news/funny/m_and_ms/ Marketing Research Design. (2012). SlideShare Inc. Retrieved from: http://www.slideshare.net/nbairstow/marketing-research-design Perner, L. (2010). Consumer Behavior: The Psychology of Marketing. Lars Perner. Retrieved from: http://www.consumerpsychologist.com/ Schiffman, L. & Kanuk, L. (2007). Consumer Behavior 9th Edition. Upper Saddle River, NJ, Pearson Education, Inc.