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CONSUMER RESEARCH
QUALITATIVE AND QUANTITATIVE
ANALYSIS
This chart shows the development of Nivea products for 100 years.
Qualitative and Quantitative research:
Quantitative: -
This method is used to predict consumer behavior.
This method consists of experiments, survey techniques, and observations.
The findings are empirical and if collected randomly this can be generalized to
large populations and the data are quantitative.
Qualitative: -
This includes depth interviews, focus groups, metaphor analysis, and
projective analysis.
Here the sample sizes are necessarily small so that they cannot be
generalized to large populations.
They are used to obtain new ideas for promotion campaigns.
This method gives us insights in comprehending how the consumer behaves
It also helps us in identifying behavior patterns and motivations.
This helps us understand the emotional perspective of consumers decision
making.
USAGE:-
Qualitative studies assist in the following business situations:
Quantitative research is most widely used for determining cause-effect relations. For
example, if the marketing budget is increased by 15%, how much is the revenue
expected to increase. If the strength between the dependent (revenue) and independent
(marketing budget) variable is strong, the test hypothesis holds true and the company
should invest more in its marketing. Thus a decisive stance can be taken from the facts
presented in this research.
If Nivea wants to launch a new product ie, they want to extend their facial
product care we can do a qualitative and quantitative study to develop a product
that has a good feedback ie it gets a good push in the market. They have to do
this research because they need to know how the product will affect their
company, whether they are prepared enough to launch the product to face the
competition in the present market. This analysis will help them in getting a fair
idea of how they can extend their product line.
2. Projective techniques:- sometimes the consumers may not reveal the true or
so-called ‘real’ answers as they hesitate to tell. So the following techniques will
be helpful in capturing the emotions of the consumers how they fell about the
new facial product.
Brand personalities:- many people get attracted to the products which
have good brand personalities like film stars or cricketers. Nivea has a
good grip over the market so they can get good brand ambassadors for
their new product
rAs Nivea has a good brand image they can launch a new product easily
following the above methods.