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MARKETING 2
Contents
1.
Introduction
2.
2.1.
2.2.
2.3.
2.4.
3.
4.
4.1.
Probability Sampling
4.2.
5.
5.1.
Benefits
5.2.
Limitations
6.
Conclusion
7.
References
Introduction
2
In 1973, NTUC FairPrice Co-operative Ltd was founded by the National Trades Union Congress,
they opened the first NTUC Welcome supermarket in Toa Payoh. NTUC at its very first days was
guided with a social mission is to moderate the living cost in Singapore. Before, NTUC was the
largest retailer in Singapore, serving more than 430,000 people daily. Holding the network of over
120 outlet, including FairPrice Supermarket, FairPrice Finest and FairPrice Xtra. Their
convenience stores, FairPrice Xpress and Cheers, has a network across over 160 convenience
stores island-wide and caters over 100,000 customers daily, owns a Fresh Food Distribution
Centre and a centralized warehousing and distribution company. It all started with only one single
supermarket and this is to achieve greatness, because NTUC gained the customer's heart by
following its inception which is "making essential everyday items affordable to everyone,
everywhere."
Staying committed to their social mission and their aspiration to be Singapore's leading world
class retailer, NTUC FairPrice were still able to keep up to date with the needs of its consumers.
NTUC FairPrice, with their multiple retail formats, is still doing a very great job serving varied
interests of its consumers.
FairPrice provides a range of products and services with their multiple retail stores for customers
with wide-ranging needs and interests which include, FairPrice Supermarket catering the
everyday consumers, to ensure that every customer has the access to the quality products by
opening more than 90 stores nation wide.
FairPrice Finest with the prices that fair and affordable, FairPrice goal is to bring the finest life to
their customer by offering a wider product range and value-added services.
FairPrice Xtra: Provide the extra products and services which focus
on electronic products, casual and basic wear.
FairPrice Xpress: Offer the products with the very competitive prices through out their 24 hour
shopping convenience stores all over the country.
Cheers: With a range of 24 hour convenience stores which serve group of young and trendy
customers.
FairPrice Online: Allows the customers to shop within the range of FairPrice products from home
and get their grocery products delivered to their dorrstep, a virtual market and a hassle free
shopping for consumers.
FairPrice, as mentioned above is the largest Supermarket across the whole country, they at the
same time always put improvement its services towards their customers. FairPrice provides the
best possible quality products and services along with much effort to development as well as
promotions.
The development of FairPrice which are worth mentioning is FairPrice as they have upgraded their
warehouse and distribution and at the same time launched a partnership which programmed with
Pergas Halbiz consultancy in order to understand more about the Halal corner within its network to
provide a better service for Muslim customers.
FairPrice advertised many promotions such as, Everyday Low Price Items, LinkPoints and
Rebates, Rewards for Senior Citizens, FairPrice House Brand Products, Stretch Your Dollar
Programme. These promotions are created with a reason to make essential items affordable for all
its customers
With all the effort that FairPrice has provided, the recent research shows that FairPrice Xtra outlet
was instituted below the expectation. The following part of this essay will identify the marketing
problem, as well as the suggestion for FairPrice which can make a marketing decision on its
service improvement.
motivates the consumers to choose it. Besides the product itself, how the design and packaging
influence the consumer to purchase a certain product and what kind of marketing messages will
attract or turn away customers. Last but not least, this approach will be able to determine if the
price will impact the decision-making of a customer. This unstructured way of getting feedback will
enable interviewer to discuss more in details when answering the questions. In this way, the
interviewer can get more insight into the consumers behavior and discover what the force behind
their decision-making is.
help to determine the changing habit of the consumers and help businesses adjust to suit the
needs of their customers.
affect their sharing. Last but not least, the questions should be prepared and ready before the
actual day. It should be effective and open-ended. There can be some general questions before
moving to the more serious and specific questions.
During the actual session, the facilitator should arrive before the participants to get ready the
logistics like room and refreshments. The seating arrangement is crucial as a round seating
arrangement will enable all participants to see one another and will not feel isolated. Once the
participants arrive, the tone should be set for a comfortable and enjoyable discussion. The
objective is to let every participant go deep into the discussion topic so that analysis can be done
and data trending can be completed. The facilitator can first introduce himself and give a short
opening on the purpose of the session. This can be followed by a short introduction of each
participant and some warm-up questions to make everyone feel at ease. The session should not
exceed the time frame allocated and within the scope of the topic. The facilitator will make sure
every voice is heard and nobody is left out in the discussion.
After the session, the facilitator will first summarize the things spoken by each participant. After
which the summaries are analyzed to establish trending. Lastly, a report will be generated to
include all information about the background and purpose of the focus group, details of the
sessions, results, and conclusions.
Themes:
1. Anyone tried grocery shopping online or preferred the traditional way of going to supermarket?
2. Who in particular has influenced your shopping habit?
3. Why do you think some people enjoy shopping online?
4. What about those still doing shopping in supermarket? What attract them?
5. What do you enjoy about grocery shopping online or supermarket?
6. What are you most concerned with when shopping in supermarket?
7. What make a customer goes to a particular supermarket instead of another?
8. Is price a determining factor when you are shopping in supermarket?
9. What would make the grocery shopping more appealing to you?
10. Do you have any suggestions how you would want grocery shopping to be like?
Probability Sampling
Probability sampling begins with identifying a smaller sample size from the larger population of
interest. The smaller group will be the representation of this larger group. From the simple random
sample obtained through a larger population, it will then select, at random, a certain number of
individuals to comprise in the sample. With a simple random sample, every member of the larger
population has an equal chance of being selected. This is based on the assumption that there is
an even distribution of characteristics within the population. This method is easy to use and
accurate representation of the larger population. There is no need to divide the large population
into smaller groups and take further steps to break these groups down with selected people.
Non-Probability Sampling
There may be times when it is not possible to generate a sampling size, and the probability that
any individual is selected into the sample is unknown. What is most important, however, is
selecting a sample that is representative of the population. In these situations non-probability
samples can be used. One advantage is to select individuals based on availability instead of
random. Another advantage is to select specific individuals from each specific group. This will
prevent an individual of being selected more than once.
Benefits
With the membership card information, NTUC will be able to tell what the members have
purchased in the specific NTUC branch. In this way, they can accurately predict the stocks to resupply, how much to stock up and where to re-supply. With this information, NTUC can clear up
certain old supply quickly by inform its members of the sales items. This will help them to identify
which group of members are users of certain product category and reach out to them rapidly. The
collaboration with credit cards companies will enable information to be shared between NTUC and
the credit card companies on customers decision making and shopping preferences. This will
serve a win-win situation for both NTUC and the credit card companies
Limitations
Although they are able to track the consumption of its members, NTUC does not have the
capability to track the non-members. This is a disadvantage as they can only predict a percentage
of its customers demand. This information may not be totally accurate as members may not be
utilizing the benefits of the cards. This may happen if a household has more than one union
member. This will mean that they have more than one card per household. In these cases, some
members will not have any information on its unused card. This will make the trending inaccurate
and not a true representation of the demand from users.
Conclusion
Through out the study, we can come to the conclusion that about Qualitative and Quantitative
Approach there are both limitations and benefits, realize the benefit and limitations of the two
methods will make sure that we can maximize the affection of the both method, in order to get to
understand about the consumer's behavior and their thinking, as well as asking direct from the
consumers about their desires.
We are able to conduct the best possible Focus Group study by choosing the right participants,
make sure no one is left out in the discussion, also need to build up the trust between the
participants and researcher.
About Procedures Selecting Respondents for Questionnaire Survey, will need to choose to use
between Probability Sampling and Non-Probability Sampling wisely, or even combine the two
together to get the most accurate result for the research
We also talked about Suggestions on Using Membership Card Information, about the benefit and
limitations of it. We can take advantage of the information gained from membership card to
understand more about the consumer buying behaviour, where they buy and what they buy,
therefore we can focus on developing the products and services on demand.
References
Deming WE (1960), "Sample Design in Business Research", John Wiley and Sons, New York.
Denzin, N. and Lincoln, Y. (2005), The Sage Handbook of Qualitative Research, Sage
Publications, Inc., Thousand Oaks, CA, pp. 38.
Gelo, O., Braakmann, D. and Benetka, G. (2008), Quantitative and qualitative research: Beyond
the debate, Integrative Psychological and Behavioral Science, Vol. 42 No. 3, pp. 266-290.
Stephan FP and McCarthy PJ (1958), "Sampling Opinions", John Wiley and Sons, New York.
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