1. McDonald’s had included beverages in its menu to offer diversified products. The strategy behind using separate beverage stations was to reduce the waiting time of consumers making an order and to have fast service speed. There are 2 counters maintained at the outlet, one for placing food order and the other for collecting beverages. This enhances consumer experience as the general wait time at the outlet is considerably decreased. Also the establishment of separate beverage stations is helping the company, attract consumers in non-peak hours for the beverages. This will facilitate the strategy of the company of enhancing traffic at outlets, rather than increasing the number of outlets.
2. Some other methods, which could have been used by McDonalds to gather consumer data and insights are:
The advantages of the McDonald’s method of collecting consumer response are:
The disadvantages of the McDonald’s method of collecting consumer response are:
2. Research Google to determine if it has been able to main- tain its culture.strategy mix...
Summarize the following information in easily way and in simple words as your understanding without missing the keywords. ( the Question will be 25 on this information in final ) MARKETING RESEARCH FOR THE NEW VENTURE Information for developing the marketing plan may necessitate conducting some marketing research. Marketing research involves the gathering of data to determine such information as who will buy the product or service, what is the size of the potential market, what price should be charged,...