The Coffee Time Company
By: Mike • Case Study • 390 Words • December 18, 2009 • 910 Views
Essay title: The Coffee Time Company
Question E.
The Coffee Time Company decided to do research into the Indian market for the purpose of expansion into the country. Although research has its limits applying safeguards against constraints that would reduce foreseen problems can reduce them. The company has to decide the kind of research design needed for the expansion project and stick to it. Research design answers are like a road map that tells where to go and what questions should be asked (Scenario, 2002).
Research require accuracy to insure that companies like Coffee Time make the correct determination for profitability in the market they are attempting to infiltrate. Many factors must be explored in which the information retrieved must be customized to the market area they will be entering. To ensure the correct key market information will be surveyed companies must correctly customize their research design (Scenario, 2002).
The results of the research design must be able to report an accurate consensus of what is needed on the survey that will be used by the company. The survey will be used to determine if this project would yield Coffee Time a positive return on investing in India. For example, one of the questions that would be key to the research is what cities in India would be an outstanding location for a Coffee Time store. Another key question would be what kind of people to target and what the revenue would be per outlet.
Coffee Time was able to address many of their constraints by using descriptive statistics, which