MGM600-0803B-02 Applied Managerial Decision-Making - Phase 2 Essay

MGM600-0803B-02 employ Managerial Decision-Making - Phase 2 Discussion Board - Essay ExampleThe census decennial data ask to be sorted into demographic representation as per the market arcs, income convocation, commerce and population stratification as per gender, ethnicity and household size. US Census data and the information extracted from those data are reliable and important sources to point trends. Analysis of database of customers is important part of market strategy which helps one to know the changing chooseences of the customers in the quick changing times. Prices may not be very important part of the strategy with the old customers nevertheless competitive pricing helps to bring in new clients. Whenever new products are to be launched, it is important that trend in the customers needs and requirements are studied in advance so that appropriate strategy could be developed.The demographic segregation of data further needs to be analysed, according to the age group an d income group of the target population, to best predict the trend of that particular group which are most like to prefer the new snack. Depending upon the type of snack food, the target population need to be categorized as per the income and occupation of the target population so that one can correctly predict their tendency of preferences towards food habits.Therefore, plot of land considering the four demographic reports, I would consider four variable of the target population education, income, transport and race. program line criteria would give us idea about the preferences of the students, income group would help us to focus on the set of the snack, transport criteria would help us to formulate flexible market strategy and race stratification would point the changing trend in the ethnicity and races for the food habit. Thus, these four variables would facilitate trend in the recent old age that help us to gauge the preferences of food habit of the different groups of the