 The convenience store was introduced in 1977  Remains the worlds number 1 choice for convenience  Often open 24 hours a day  Are very common.

Slides:



Advertisements
Similar presentations
Place (Distribution).
Advertisements

Services in the urban area Services include shops, offices, leisure, transport and welfare.
Student Name (Chinese Characters): 董子淳 Student ID Number: 17 Student Name (Chinese Characters): 楊政霖 Student ID Number: 28 Student Name (Chinese Characters):
AP Economics Elasticity
National Consumer Agency Grocery Shopping Market Research Findings July 2009 A Report by.
QBM117 Business Statistics Introduction to Statistics.
Illicit Tobacco Steve Brimble Trading Standards Service.
Socially Responsive Marketing
Survey results. 100% of all the people we surveyed in Melbourne's CBD agree that Melbourne caters for its multi-cultural popularity based on food.
 Market research is the process of gathering information which will make you more aware of how the people you hope to sell to will react to your current.
© Food – a fact of life 2009 The Consumer Market Extension/Foundation DRAFT ONLY.
Research Project An Analysis into the Quality and Brand loyalty of Anchor products in Sri Lanka P.Naveenan.
JOINT BUY VALUE PROPOSITION TEST (BASED ON CUSTOMER INTERVIEW)
ONLINE SHOPPING.
Good Business Sense 1 l 1,000 + interviews – 38 different questions l 5 Customer Focus Groups - Parents l 5 Customer Focus Groups - Children l Interviewees.
Task One. The pie chart shows worldwide mobile phone sales for five brands (Sony, Motorola, Nokia, Samsung and other) in percentages in 2005, whereas.
How The Music Industry Been Affected by the Internet and Digital Downloading? By Melody Rivera.
1 of 22 What Makes a Good Questionnaire? Handling Data Designing Structure, Capturing and Presenting Data For more detailed instructions, see the Getting.
IToilet Ally Atkeson, Daisy Joseph, Irina Leonchik & Stefani Azar.
10-3 Pricing Factors DO NOW: When purchasing an item how do you determine whether the asking price is a good value?
National Food Service Management Institute Section 7: Vendor Choices 1 Section 7: Vendor Choices (Step 4) Food Purchasing for Child Care Centers.
MHRA WIC Vendor Management Agency1 WIC Vendor Management Agency Low - Fat Milk Initiative August 16, 2007 Medical and Health Research Association of NYC,
Tahir Islam Assistant professor in Economics Kardan higher Education Kabul Demand estimation through Marketing Research Approach Chapter # 6.
Creating a market survey.  Do I want to offer a good OR service? For the first Market Day, you will only be able to choose one of the above.
255- Higher Ground 255- Higher Ground 257- I Need Thee Every Hour 257- I Need Thee Every Hour 383- Oft We Come Together 383- Oft We Come Together 388-
Economics Vocabulary Chapter 3
AQA GCSE Business Studies
Understanding Customer Needs
3.02 Fashion Economics. Economics vocabulary n Economics: how to meet the unlimited wants of a society with its limited resources. n Goods: Items physically.
Economics. Economics What is Economics? is the study of how we produce and distribute our wealth.
National Consumer Agency Market Research Findings: Shopping and Pricing March 2012 Research Conducted by.
Shopping Smart Module 2: Conducting a Shopping Analysis.
Smart Food Purchasing. What should you consider when buying food? How much you need How much you will use before it goes “bad” (perishables) How much.
The Single Market Demand, Supply, and Equilibrium J.F. O’Connor 2/7/00.
Chapter 41 Sample Surveys in the Real World. Chapter 42 Thought Question 1 (from Seeing Through Statistics, 2nd Edition, by Jessica M. Utts, p. 14) Nicotine.
Consumer Education JEOPARDY! Get ready to play… Consumer Education JEOPARDY! 1.The room will be divided into two groups or teams. 2.Each side will take.
Market Research. This chapter will enable you to: 1.Describe the different types of market research 2.Develop an effective market survey for your company.
Impulse Buying- Mental Addiction or Bad Habit By: Kadie Stamper English Comp. 101 June 7, 2010.
Background Mission : To offer to consumer a pre-made beverage that is fun, and save them time, at a reasonable price.
ACADEMIC WRITING English 28. Academic Writing in American Colleges: See pages in your textbook In academic writing, your are expected to: Respond.
Young people’s research: Who Cares? Scotland’s advocacy services Sharon Smith Jimmy Paton Laura Dooley Kourtney Stewart David Miller.
National Consumer Agency Market Research Findings: Grocery Shopping August 2010 Research Conducted by.
Many people like shopping.. What is your favorite store?
Marketing Research Group Project VS. David Wood Lundun McCall-Mazza Ben Black Matt Nault Nicole Andry ~ Marketing I / Period 3 / Mr. Adam / June 5 th,
Results  Over half of parents said there is no place in their neighborhood to buy fresh fruit or vegetables.  Eight out of ten parents purchase food.
By Cindy Ravalo $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400 $500 $100 $200 $300 $400.
Marketing Questionnaire Design By Dr. Kevin Lance Jones.
RESEARCH | SMOKING IN YOUNG PEOPLE Zach Hamilton Samantha Ball.
Changes in food demand Growing demand for local and regional produce.
The 4 P’s of Marketing. 1) PRODUCT (or service)  Essentially entails what you are selling and the benefits derived from it.
CPI (Consumer Price Index) Hoda Alrihani 9D 2012.
Supply. I-phones Working out your Supply You own a shop that is allowed to sell iphones. You are responsible for pricing the products Considering it.
Template provided by: “posters4research.com” 44 survey participants 68% either strongly agreed or agreed that nutrient labels affect choices 82% say that.
The Basics of Economics. Economic Activity Our economy, much like others around the world operate on a circular flow of economic activity. –Goods and.
Product Design Usefulness Technology Convenience Value Quality PackagingBranding Accessories Warranty.
 List as many websites as you can think of  E-commerce is short for ‘electronic commerce’  It means buying and selling goods using the Internet.
How do we pick a stock? Where to Buy them?. As we are exploring the vast world of stock-picking methodologies, we should address a few misconceptions.
M ARKET R ESEARCH Topic 3.1. W HAT IS MARKET RESEARCH ? The process of gaining information about customers, products, competitors etc through the collection.
An Industry is... A group of businesses that share similar business activities. Example: Sporting goods, clothing, travel, fashion.
Measuring and Increasing Profit. Unit 1 Reminder – What is Profit? Profit is the reward or return for taking risks & making investments.
HL1 ECONOMICS MICROECONOMICS
You will find all sorts of investments open to you when you enter the world of stock market investing and mutual funds investing. In fact, to people who.
© Thomson/South-Western ECONOMIC EDUCATION FOR CONSUMERS Slide 1 Consumer’s Role in the Economy Objectives: By the end of class, students will be able.
MENU PLANNING AND DEVELOPMENT (HTF255)
Notebook # 13- Economics 5-1
National Consumer Agency Market Research Findings:
Things That Can Affect Your Car's Resale Value.
Week 8 Competitive strategy – Reality check
Presentation transcript:

 The convenience store was introduced in 1977  Remains the worlds number 1 choice for convenience  Often open 24 hours a day  Are very common in many areas  Offer fast service  Petrol is available in some places  7-11’s are often criticized for high prices but part of the public believes its convenience over price.

To be able to organize our data, we used Microsoft Excel to understand and collect any valuable information and from there we formed graphs to represent the quantity of information we had.

 We approached the public and allowed them to mark some common products that they would purchase at these stores to have a basic view on what the public demands. Slurpees Lollies/Candy Chips Drinks Cigarettes Other None REACTION: We see now that the public are in demand of drinks and slurpees from 7-11 and few purchase cigarettes due to unreasonable prices.

 We asked the same people what products they don’t purchase at 7-11 and were quite surprised with the data we received. Drinks Petrol Cigarettes Chocolates Chips Alcohol Slurpees Conclusion: Many people don’t buy cigarettes (even though some may be smokers) at 7-11 due to high prices but admit to buying them sometimes due to convenience. This data also allows us to show that some people are aware of the dangers and health risks that smoking has and we appreciate that. Drinks and slurpees still remain to be the most popular product in 7-11 because of a diverse range of these products and sheer convenience.

Yes: 83/100 said yes Those who did say yes, said so because 7-11 are convenient and very common in the CBD No: 17/100 said no The group of people that said so expressed the fact that 7-11’s are extremely expensive and unfair and would rather shop elsewhere.

Yes: 55/100 say that the high prices reduce popularity They are reluctant to purchase goods that these types of stores They prefer traditional supermarkets No: 44/100 say that the high prices don’t reduce popularity They choose convenience over money 7-11’s are open quite long and enable people to purchase things if need be.

During 9-Up we decided to call the manager of 7-11 and ask her some questions about products sales The interview was conducted over the phone as the office is at Ferntree Gully We received an replying to all of our questions: What is the most sought after product at 7-Eleven? Slurpee. In the 2009 calendar year a store would sell on average 75 units of slurpee a day. Does the general public shop at 7-Eleven based on price or convenience? Generally the public shop at 7-Eleven for convenience. However 7-Eleven’s prices in regards to Slurpee in the Frozen Carbonated Beverage (FCB) market and $5 Bread & Milk offer is the best in the Petrol & Convenience. Why are many 7-Eleven stores clustered around the CBD? Currently 7-Eleven has a total of 397 stores as of 9th April In the CBD (Melbourne, Sydney & Brisbane), 7-Eleven has currently 101 stores. This wasn’t the exact answer we were hoping for!

Who would have known that a small ice-cream store opened in 1927 would prosper to become Australia's leading brand in convenience! We weren’t surprised that sluprees would be the highest selling product in Our hypothesis was supported both by the public and the manager’s reply. when we were thinking up questions to ask, we wanted to include why people buy at these stores if they do and whether they find them convenient or not. We constructed spread sheets out of the information we had and made graphs to follow them to get a visual repetition of our graphs. While conducting our interviews we realized that people were aware of the high and sometimes unfair prices at 7-11 but shop there because they are very convenient and quite common. Most people who denied our survey did so because they though we were being paid by 7-11 to conduct these interviews. 9UP was truly an exiting experience where not only did we answer our hypothesis but learn how to get around and be more confident in the city.