Business information analysis Case Study Example | Topics and Well Written Essays - 3500 words

Business information analysis - Case Study ExampleSecondly, this process also ensures that once a parentage sector is established, it begins to operate immediately. This owes to the fact that the business is operating under the umbrella of another established and reput subject play along. However, it is imperative to note that just because a company operates as a franchisee does not inevitably mean that it will have increased sales. This is despite the reduced cost of operation and better market environment. There are various other factors, which should be considered in ensuring that the company makes more profits. They include issues of prices and quality. With customers being so sensitive on matters of prices, it would be imperative that a given business enterprise considers being a price leader. This is a competitive advantage especi wholey where the business is facing a lot of competition. Market research is vital for the purpose of cause the tastes and preferences of the c ustomers. This ensures that the company provides the required goods to the market. Qualitative and quantitative researches ensure that the companies conduct an objective marketing research that addressing the unavoidably in the market. Task 1 Every business aims at obtaining accurate and valid evidence ab step up the target customers. This becomes imperative owing to the fact that there is need to ensure that the business meets the actual needs of the customers (Berghoff 2012, p.90). the latter differ in terms of tastes and preferences making it difficult for the businesses organizations, to respond to their need. The current case of Kidz Sportz is therefore not an isolated one, but a formula of the market challenges that many companies go through. The company is said to have received more than 100,000 new children who require different equipment and services. However, the focus grapples with the issue of lack of passable kip downledge on the tastes and preferences of these chi ldren. Unless something is done urgently, the company will not be able to provide objective services to this large number of clients. To assist in solving the stated challenge, the following recommendations are vital Conducting a market research This is explained as the process through which a company with the assistant of adequate market research team obtains information about the needs, attitudes and motivations of the customers, for the purpose of serving them in the best way possible (Boudreaux 2000, p.3). It is also a way of establishing what the customers know about the market, to enable a company to plan in terms of prices. It is imperative to note that the world of business has become increasingly competitive, prompting management to implement new strategies for success. This information provides a given company with competitive advantage over its main rivals (Bradley 2007, p.89). Secondly, it is a strategy through which the company is able to attract and also retain the cu stomers to the advantage of a given business institution. A market research is also advantageous in the sense that it provides the company with the market size. In the above scenario, the number stands at 100,000 children. This enables the company in its logistical work. For instance, it is able to know the number of equipment and space needed to accommodate all the children. However, the market research is a process that requires funds and qualified personnel. To receive the information needed, both the qualitative and quantitative techniques become important. The Kidz Sportz for instance should carry out its qualitative and