Market research analysis max jamison

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Max Jamison Food to the Max 3 rd period 11-16-11 Mrs. Davis MARKET RESEARCH ANALYSIS

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Transcript of Market research analysis max jamison

Page 1: Market research analysis max jamison

Max Jamison

Food to the Max

3rd period

11-16-11

Mrs. Davis

MARKET RESEARCH ANALYSIS

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TABLE OF CONTENTS• Title Page

• Table Contents

• Purpose

• Questions from Survey

• Graph 1

• Graph 2

• Graph 3

• Graph 4

• Graph 5

• Graph 6

• Graph 7

• Conclusion

• Customer Profile

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PURPOSE

• The purpose of this analysis is to find the wants and needs of my customers, also to make sure that they are 110% satisfied with my business and what it stands for.

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QUESTIONS FROM SURVEY • Would you rather get fast food than sit down in a restaurant.

• How far do you drive to your favorite restaurant.

• Do you like to be escorted to your table better than finding your own seat?

• How many people normally come with you when you come out to eat?

• How much do you usually pay when you go out to eat?

• What type of food do you like to order?

• How often do you eat out a week?

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• Highest: No

• Lowest: Yes

• Advantage: More people would rather come to my business than go eat fast food.

• Disadvantage: None

• Benefit to business: Knowing this tells me more people will be at my business.

• Give back to Customers: I could make sure that my service isn’t slow. Restaurant

21%

79%

Would you rather get fast food than sit down at a restaurant?

yes no

GRAPH 1

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• Highest:10-20

• Lowest:50-60

• Advantage: My business will be successful if it is placed near a populated area.

• Disadvantage: If I cant put my business close to a populated area not as many people will go to it and I will have to raise the prices of my product.

• Benefit to business: If my business is close people will go there.

• Give back to business: Make the business close to populated area so people would go to it and make sure it is easy to get to my restaurant.

47%

38%

6%

9%

How far do you drive to your favorite resturant?

10-20 30-40 50-60 more than 60

GRAPH 2

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• Highest: Yes

• Lowest: No

• Advantage: Means people who come to my business may have more class than if they find their own seat.

• Disadvantage: This information means that I will have to pay a door greater and people to lead them to their tables.

• Benefit to business: Shows more class.

• Give back to business: Make sure I have friendly greeters to welcome customers in a friendly manner into my restaurant.

58%

42%

Do you llike being escorted to your table better than finding

your own seat?

Yes No

GRAPH 3

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• Highest: 1 to 5

• Lowest: 0 and 10 to 15

• Advantage: Smaller parties means that the cooks wont get backed up and make business slow

• Disadvantage: Large groups bring more money.

• Benefit to business: wont slow up business.

• Give back to business: Small groups wont get extra large party tax. 68%

28%

4%

How many people normally come with you when you come

out to eat?0 1 to 5 5 to 10 10 to 15 15 ot more

GRAPH 4

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• Highest: 50 to 70• Lowest: 100 or more• Advantage: If I keep my prices

reasonable people will tell others about my business and I will have more customers.

• Disadvantage: Means the prices on my meals can’t be too high.

• Benefit to business: Knowing how much people normally pay when go out to eat will tell me about how much I should charge for food.

• Give back to business: Make sure my prices stay low or give coupons.

23%

23%

32%

13%

9%

How much do you usually pay when you go out to eat?

10 to 30 30 to 50 50 to 7070 to 90 100 or more

GRAPH 5

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• Highest: American

• Lowest: French and Vegetarian

• Advantage: Tells me what I should order most for my business.

• Disadvantage: N/A

• Benefit to business: Tells me what amounts of each type of food I should order for my business.

• Give back to business: Make sure my business has the foods people like.

43%

22%

14%

1%1%

17%

What type of food do you like to order

American Italian AsianVegitarian French other

GRAPH 6

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• Highest: Two or three

• Lowest: Never

• Advantage: Means people might choose my business over others at least once a week

• Disadvantage: N/A

• Benefit to business: Tells me that people will come to my business if I offer quality food and service.

• Give back to business: Make sure my service and food is top notch so people will want to come back.

9%

13%

49%

26%

2%

How often do you eat out a week?

Everyday Everyotherday two or threeonce never

GRAPH 7

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CONCLUSION

• My final conclusion of my market research is that the people want a business that is not a fast food restaurant, where you are escorted to your seat, which isn’t far to drive to, and provides good quality, but cheap, meals.

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CUSTOMER PROFILE• The average age of my clients is 15-16

• Mainly the gender of my customers is female.

• Their average income is $0 per year.