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ANALYSE DIFFERENT METHODS


What are the key features of Warren House?
Does this show on a market map?
What information do you now have that could help with this?
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.

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6 analysis

  • 1.
  • 2. ANALYSE DIFFERENT METHODS What are the key features of Warren House? Does this show on a market map? What information do you now have that could help with this?
  • 3. 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.