Market Research-Taste Comparisons When consumers go shopping, they are offered plenty of choices of food brands. Often different brands taste the same but are priced very differently. Your group will prepare a test for a food product. You will conduct this test in class and accumulate the results on a spreadsheet and graph or illustrate this using a chart or graph on a poster. This will be presented to the class. Procedure 1. Your team will decide the food product (cereal, cola, cookies, potato chips, etc). Take your decision to your teacher for approval. Duplicates will not be allowed. 2. Work with your team to organize and conduct market research with students in the class. Your research will be a taste test to see which brand of a product consumers really prefer. It is important that students have no indication of which brand they are testing, so you will have to disguise the package or bottle. 3. Design a survey for the class. The survey should ask the participants to vote on which product they like the best. It should include a minimum of 8 questions for the participants to complete regarding the products. Your group will accumulate the results of the survey. 4. Make a spreadsheet and graph on Excel or draw graphs and charts on a poster to present your results to the class. Assessment You will receive 3 grades for this project. 1. Procedure. Was your research conducted smoothly, and did you accurately accumulate results? Was your procedure written on Google Docs and turned in on time? 2. Presentation. Your group will be evaluated on the quality and completeness of your spreadsheets, graphs, and or charts used to present your results to the class. 3. Professionalism. Did you take this project seriously? Did you conduct your research and present your results in a professional manner? Did you show respect for other groups as a survey participant and audience member during their presentations? Market Research Taste Test Group Member Names: 1. ______________________________________ 2. ______________________________________ Product: ______________________________________ Brands: Name Cost Survey questions you will ask your participants: 1. 2. 3. 4. 5. 6. 7. 8. Research On a separate sheet of paper, describe in detail how you will conduct your research. Include how you will disguise your product, a list of assignments for each group member, etc. For example, who is doing shopping? Who is serving? Who is speaking to participants? What will they say? Who is collecting data? How will you collect data? 1. Gender? (Circle One) Male or Female 2. Do you like Salsa? (Circle one) Yes or No 3. Which brand did you like best? (Circle one) A B C 4. What did you like about your favorite? 5. How much would you pay for this favorite? (Circle one) $1, $2, $2.25, $3, $3.5, $4 6. Which brand did you like least? (Circle one) A B 7. Did you have a favorite salsa before this testing? or No a. If yes, which brand? _____________ 8. Did you change your mind after this taste test? Yes or No C (Circle one) Yes (Circle one) a. If yes, why? _________________________________ Grading Rubric Procedure Presentation Professionalism 20 Research materials were in great detail Actual experiment was conducted with great precision and accuracy All deadlines were met All survey questions were evaluated in detail Group members thoroughly explained results with graphs and charts Entire project was taken seriously at all times Presentations are professional (dress – practice) Showed respect to other group members during research and presentations 15 10 Research Research material were materials complete were missing Actual Actual experiment experiment was was conducted conducted, All deadlines but with were met some flaws Missed one deadline 5 Research materials were missing No experiment Missed more then one deadline All survey questions were evaluated Group members explained results with graphs and charts All but one survey question was evaluated Group members explained results with graphs and charts More then one survey question was not evaluated Little to no explanation of results using graphs and charts Entire project was taken seriously at all times Presentations are professional (dress – could use more practice) Showed respect to other group members during research and presentations Most of the project was taken seriously Presentations are professional (dress – Little to no practice) Showed respect to other group members during research and presentations Project not taken seriously Presentations lack professionalis m (dress – practice) Showed little respect to other group members during research and presentations