BUSN20016 Report: Critical Evaluation of Social Marketing Approaches
VerifiedAdded on  2023/06/08
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AI Summary
This report provides a critical evaluation of social networking versus verbal approaches in trade and commerce, examining their effectiveness as marketing strategies. The research proposal outlines the problem statement, aims, and objectives, which include evaluating the differences between social networking and word-of-mouth marketing, assessing the persuasive nature of social networking, and recommending improvements for social networking marketing strategies. The methodology involves a mixed approach, using both qualitative (interviews) and quantitative (surveys) data collection methods, along with secondary data from books and journals. Data analysis will involve the use of Excel spreadsheets and statistical techniques like regression and correlation analysis, utilizing data from sources like the Australian Bureau of Statistics to analyze customer demographics, purchase behaviors, and platform preferences. The report aims to provide a comprehensive understanding of which marketing approach is more persuasive and reliable in the modern era.
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