BSBMKG506 Market Research Plan: Mother’s House Cleaning Service
VerifiedAdded on 2023/03/31
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Project
AI Summary
This market research project focuses on Mother's House Cleaning Service (MHCS), a residential cleaning company targeting wealthy single-income and two-income households in the Australian market. The research aims to develop a marketing plan to increase profitability, with a projected growth rate and profit margin increase of around 16% annually. The project outlines the company overview, target market, and marketing goals, emphasizing the importance of understanding changing consumer needs and competitive landscape. It details the purpose of conducting market research, including specific, measurable, attainable, realistic, and time-bound objectives (SMART). The research methodology includes both primary data collection through questionnaire surveys and secondary data collection from government publications and peer-reviewed journals. The project identifies key stakeholders, resource requirements, assumptions, constraints, and deliverables arising from the market research, such as identifying potential consumers, observing market growth, revealing business opportunities, and analyzing competitive threats. Finally, it outlines a research timeline and budget, ensuring a structured approach to achieving the market research objectives. Desklib provides students access to a wide array of similar solved assignments and past papers.
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