Step 1: Search articles from financial newspaper, periodicals
and related sources to understand the sector/industry. The outcome will be
comprehending various segments of the sector/industry. You have to select one
segment. You have to provide reasons for selecting one segment and not
considering other segments. Also select a Brand and SKU to be focussed for
further study with reasons for the same.
Step 2: Study beliefs about features considered critical for
acceptance of the brand / SKU in the segment of the industry/ sector. Also
study other beliefs related to the Brand and SKU, segment and industry /
sector. You can employ qualitative research methods like laddering technique,
observation and other related techniques in this step.
Why people buy the product/ brand / SKU?
Step 3: Conduct survey research correlating background of respondents
with key reasons for purchase of the product / Brand / SKU in question.
This is a general guideline on the group assignment. Due credit
will be given for creativity in bringing out the relevant issues related to
the consumer behaviour for the product / Brand /SKU selected for the study.