Entrepreneur Name: ______________________________________________________ Chocolate Bar Market Research Activity Rubric Research Exceeds Expectations Meets Expectations Below Expectations Little/ No Value 4 3 2 1 Student creates a survey with at least 6 insightful questions that would provide a variety of information; Data is collected from a large number of different people (20 +) within the target market; Student is able to draw insightful conclusions from collected data. Student creates a survey with at least 6 questions that would provide a variety of information; Data is collected from people within the target market (at least 20); Student is able to draw some conclusions from collected data. 4 Student creates a survey with less than 5 questions; and/or Data collected may be small (less than 20); and/or Student may not be able to think critically about data. 3 2 Student failed to create a survey or fails to put any real effort into research. 1 The product: The product: The product: Student failed to create a product or fails to put any real effort into product. Product demonstrates a strong level of originality and takes into consideration the real world limits in adopting the idea; is not currently available on the market; was developed based on needs identified by data; has a name, logo, slogan, and price. demonstrates creativity and takes into consideration the real world limits in adopting the idea; is not currently available on the market; survey results were considered in the development ; has a name, logo, slogan, and price. 4 3 demonstrates little creativity; was not developed with research in mind. is derived from a product currently available on the market; does not include a name, logo, slogan, and/or price. 2 1 The presentation: The presentation: The presentation: Student does not participate in presentation o o n or does not take presentation seriously. Presentatio n o o o o o o includes all important information including the name of the product, logo, slogan and price and reasoning behind their strategy and link to their research; organization of the content flows smoothly; student speaks in a strong, clear and engaging voice; student uses persuasive language to sell their product; has excellent pacing; student demonstrates superior eye contact; student has excellent posture. o o o o o o includes all important information including the name of the product, logo, slogan and price and reasoning behind their strategy and link to their research; student is effective in delivering the content; student speaks in an engaging, clear voice; student uses persuasive language to sell their product; has appropriate pacing; student demonstrates good eye contact; student has good posture and demonstrates confidence. includes some important information including the name of the product, logo, slogan and price and reasoning behind their strategy and link to their research; lacks organization; student speaks in a mostly clear voice; pacing is too fast/slow; uses inadequate eye contact; student has poor posture/fidgeting 4 Discussion 3 1 The student: The student: The student: Student does not participate i n post-activity discussion. can articulate the concept of a target market and has a deep understanding of the importance of market research. draws strong connections between the activity and NFTE content; actively participates in the post-activity discussion. Student can articulate the concept of a target market and the importance of market research. draws connections between the activity and NFTE content; participates in the post-activity 4 Collaborati on 2 somewhat understands the concept of a target market and the importance of market research, that address these and/or; participates in the post-activity discussion. 3 2 1 The student: The student: The student: Student is outwardly disrespectful and/ or engages in behavior that is uses respectful language towards others; exercises flexibility in sharing resources; demonstrates flexibility and willingness to make compromises to accomplish a common goal (trade); contributes to group work while allowing others to do the same. uses respectful language towards others; exercises flexibility in sharing resources; demonstrates willingness to make compromises to accomplish a common goal (create a product); contributes to group work while allowing others to do the same. exercises some flexibility in sharing resources; demonstrates willingness to make compromises to accomplish a common goal (create a product); was not on task for the duration of the activity. inappropriate for the classroom. Chocolate Bar Market Research Activity Student Handout Challenge: A company that makes chocolate bars is looking to invest in a new chocolate bar created by a team of young entrepreneurs. However, it has yet to find an innovative and exciting new product and brand that caters specifically to the market of youth ages 12-19. In addition to a new chocolate bar idea, the company would like market research about its feasibility before investing. Part 1: Market Research Instructions: Working in groups, develop a 6 question market research survey to research what would be the best type of chocolate bar to sell to youth ages 12-19. Remember to ask questions that will help you design a new product that people in that age group will want to buy. Ask your teacher if you need help thinking of questions. Write your questions in the space provided below. You will ask these questions to a classmate who is in the target market of 12-19 year olds, and record their answers in the spaces below the questions. Your group must get 20 different people to take your survey. After getting your responses, meet back with your group to put all your data together. Question 1: Question 2: Question 3: Question 4: Question 5: Question 6: Part 1 Continued List some of the key things you learned as a group from doing your research to share with the class. Try to think of how you could use this information do develop a new chocolate bar. Part 2: Develop a new Product Instructions: Now it is time for your group to create a new chocolate bar based on your market research. As part of your new product, your group must: Design a NEW chocolate bar Design a brand name, logo, and slogan Identify what makes your chocolate bar different Price of the bar and where it will be sold Come up with a commercial to perform about your bar to judges or your classmates EXPLAIN the reasoning behind your strategy and link it to the market research done Remember: The reasons for your decisions that are supported by their market research are just as important as creativity in this competition.