Marketing

Table of Contents

1. Topic pack - Marketing - introduction
2. 4.1 The role of marketing - notes
3. 4.1 The role of marketing - questions
4. 4.2 Marketing Planning - notes
   1. Marketing planning
   2. The marketing mix
   3. The Total Product Concept
   4. Ethics of marketing
   5. Marketing audit
   6. Porter's five forces
   7. Porter's five forces - activities
   8. Marketing objectives
   9. Market research - introduction
   10. The role of market research
   11. Primary and secondary research
   12. Primary research - information gathering techniques
   13. Observations - case studies
   14. Group-based market research
   15. Market research - summary
   16. Questionnaires
   17. Sampling
   18. Methods of sampling - introduction
   19. Main methods of sampling
   20. Sampling errors
   21. Market segmentation
   22. Consumer Profiles
   23. Types of segments
   24. Demographic segmentation
   25. Psychographic segmentation
   26. Psychographic segmentation - case study
   27. Geographic segmentation
   28. Industrial markets
   29. Targeting
   30. Positioning
   31. Corporate image
   32. Position/perception maps
   33. Unique selling point/proposition USP
   34. Marketing strategies and tactics
   35. Sales forecasting
   36. Qualitative forecasting/data
   37. Forecasting and correlation
   38. Forecasting techniques
   39. Constructing time-series analysis
   40. Moving average
   41. Four point moving average - worked example
   42. Identifying the seasonal variation
5. 4.2 Marketing planning - questions
6. 4.3 Product introduction - notes
7. 4.3 Product - questions
8. 4.3 Product - simulations and activities
9. 4.4 Price - notes
10. 4.4 Price - questions
11. 4.4 Price - simulations and activities
12. 4.4 Promotion - notes
13. 4.5 Promotion - questions
14. 4.6 Place (distribution) - notes
15. 4.7 International marketing - notes
16. 4.7 International marketing - questions
17. 4.8 E-commerce - notes
18. 4.8 E-commerce - questions
19. Printable version

Main methods of sampling

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• Methods of sampling

Sample size

How many respondents should be in a sample? This is the realm of statistics, and it will be touched on later. The answer, though, is likely to be 'fewer than you think'. Political public opinion polls seeking voting intentions of several million voters are based on samples of approximately 1,000. They are also based on careful stratified sampling methods. They make predictions with claimed accuracy of about +/-2%. Not a bad accuracy for such a small sample.

How questions are phrased is critical to the accuracy of the results. The use of leading questions will clearly affect the survey's reliability. Questionnaires can be designed to get a specific result, so the developers need to be careful.

Methods of asking questions

There are many ways to conduct research as has been discussed earlier. These include:

• Unstructured interviews
• Structured interviews
• Questionnaire
• Telephone survey
• Consumer panels
• Focus group

The validity of the result will be determined by how many people are asked, how they are selected and the nature of the questions. We looked at many of these methods in the previous section.

Matching sampling method to population

It is important to match the sampling method used to the nature of the population being considered. If, like a school, the population is all in one place then the options are different to a situation where the population is geographically scattered (e.g. an online store of some sort). The table below summarises some of these options: