Green Co free essay sample

So, before opening in Southern California, the company researched about both food quality and price for increased sales. They found that 46% of consumers were more prone to choose the healthier food when two equally priced food were offered to them. Some consumers were also ready to pay extra for the healthier food than the less expensive less nutritional option. iii) Market Infrastructure: The concept of a cross between convenience stores and grocery stores( GreenXPress) was never a usual scenario for US consumers where the products shall be a lot less expensive than convenience store yet he environment is more customer oriented than typical grocery store. So, Greens and Co. took the initiative of introducing the GreenXPress format because they realized that this format had the potential to be successful because of it’s unique offerings. 2. What information gathered from the research influenced Greens amp; Co’s business decisions? Ans: The information gathered that inf luenced Green and Co. We will write a custom essay sample on Green Co or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page ’s business decisions are the following: )The most important information that influenced Green amp; Co’s decision to enter the US market is that their US competitor McLarens , they did not have as much presence in California as in other states, states which gave Greens amp; Co. an opportunity to enter the Californian market without entering into a head-on competition with McLarens. ii) They discovered that American consumers prefer healthier food no matter the healthier versions of any product meant to be more expensive. iii) The researcher of Greens amp; Co. found that American consumers visit different stores for different products. This gave them an opportunity to have American’s try their brand out as well as the older brands already existing in the market and those that they are familiar with. iv)They found that there is no such presence of the concept of GreenXPress format, which is a cross between a grocery and a convenience store, which meant the products cost less than a convenience store yet the environment was more customer oriented than a normal grocery outlet. So, the introduction of such concept will be beneficial for people with both high disposable income as well as low income people. . Using the case study, formulate the research objectives for the primary/qualitative research that was conducted in American family homes. Ans: As per the case study, the research objectives were: i) To study the American kitchens and examining the contents of their refrigerators, as well as tracking grocery shopping frequency, spending and quantity patterns with several demographic segments. ii) To observe th e food habits of the average Americans, whether they were more fast-food oriented or healthy food oriented. ii) To gather information about each family, including household income, family size and employment status to figure out whether average American families are able to buy products from the Green amp; Co. outlets. iv) To gather information about age group of the family members to determine whether there are more children or adults to determine the family’s tendency for fast food or healthy food and even the time spent by family members at home. 4. Was Greens amp; Co. pursuing exploratory, descriptive or causal research? Provide examples from the case study to support your response. Ans: In my opinion, Greens amp; Co. as pursuing more of an exploratory research design as the research that they made were based on observation, pulling out primary data about American consumers and executive interviews. The research they made were exploratory in nature, providing a picture of the market which included the potential market size and purchasing or shopping frequency. The analysts of Greens amp; Co. spent a lot of time analyzing the refrigerator contents, the family income, the employment status, the age group of family members, the time that the family members are present at home, the food habits etc. hich all suggest that in these pieces of information they were actually exploring the American families to gain insights so that they can be successful in the US market. 5. The retail grocery and consumables market is probably one of the most concentrated in the US. What sort of research was covered prior to the move into the American grocery market? Ans: Prior to the move into a huge market like US the Greens amp; Co. had conducted research based on competitive intelligence and then competitor intelligence. They found that their biggest competitor McLarens did not have that hold in California as strong as in the other states of US which provoked them to enter the US market by starting at California while escaping a strong competition. They gathered information about the different groups of people with different income levels. Not only that they also gathered some very important information from interviewing competitor’s executives and also conducted a survey including 200 shoppers to see the correlation that both food quality and price resulted in increased sales. The most important thing they found in US that there is no such concept of a cross between a grocery and a convenience store, which means the products will cost less than a convenience store yet the environment will be more customer oriented than a normal grocery outlet. So, it can be said that they have mainly conducted exploratory research and some sort of causal research before entering the US market. Sources: Course Documents, PPT #1,#2,#3 Case study material (Assignment #01) http://www. marketingprofs. com/ea/qst_question. asp? qstid=2819