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TASK 1 – MARKET MAPPING
How useful is market mapping in helping the business you have chosen to identify
the key features of its market?


You could:
•   investigate a business that provides goods or services
•   conduct primary and/or secondary research into this business
•   use this primary and/or secondary research to identify the key features of the good or
    service provided by this business. You might consider factors such as price and quality
•   produce a market map for this business showing its position in relation to its
    competitors
•   present useful information/data to support the points you are making
•   analyse how the market map could be useful to this business in identifying key features
    of the market
•   using your analysis, arrive at a supported judgement which states the usefulness of
    market mapping to this business.
DATA/INFORMATION
 Data is presented in a range of appropriate methods with high levels of attention to
    detail.
 What data do you have?
 What ways can this data be presented?
 Is one market map enough? Why / Why not?
 What other map could be used?
WHAT SHOULD BE INCLUDED?
     Title: The task
     Define the question: specifically the keywords
     Overview of the Business, including:
    Location – include a map, description of area and transport
    Products – explain which product we will analyse
    Prices – what are the costs. (variable and fixed)
     Findings / Analysis: Including the USP.
    Recommendations / Judgement: Is a market map helpful to identify the key
       features of its market?
     Evaluation / Limitations: This assessment could have been done better if.....
     Bibliography / References: Where did my information come from?
     Glossary / Keywords: What key words were used?
     Page numbers: Make sure each page and any diagrams are labelled

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5 presentation

  • 1.
  • 2. TASK 1 – MARKET MAPPING How useful is market mapping in helping the business you have chosen to identify the key features of its market? You could: • investigate a business that provides goods or services • conduct primary and/or secondary research into this business • use this primary and/or secondary research to identify the key features of the good or service provided by this business. You might consider factors such as price and quality • produce a market map for this business showing its position in relation to its competitors • present useful information/data to support the points you are making • analyse how the market map could be useful to this business in identifying key features of the market • using your analysis, arrive at a supported judgement which states the usefulness of market mapping to this business.
  • 3. DATA/INFORMATION Data is presented in a range of appropriate methods with high levels of attention to detail. What data do you have? What ways can this data be presented? Is one market map enough? Why / Why not? What other map could be used?
  • 4. WHAT SHOULD BE INCLUDED?  Title: The task  Define the question: specifically the keywords  Overview of the Business, including: Location – include a map, description of area and transport Products – explain which product we will analyse Prices – what are the costs. (variable and fixed)  Findings / Analysis: Including the USP. Recommendations / Judgement: Is a market map helpful to identify the key features of its market?  Evaluation / Limitations: This assessment could have been done better if.....  Bibliography / References: Where did my information come from?  Glossary / Keywords: What key words were used?  Page numbers: Make sure each page and any diagrams are labelled