Essay About Frequency Distribution And Respondents’ Choice

Choice to Eat Dessert – Market Strategy Planning
RESULTS AND DISCUSSION OF FINDINGS  MARKET FEASIBILITY        Market strategy planning is a very significant activity in a business firm. It deals with the analysis of the forces of supply and demand, and an analysis of the mechanism that facilitates exchanges between them.         The necessary decisions to satisfy their wants and their motivation are the satisfaction of their needs. On the other hand, the perception of the business firm is to make profits out of rendering service to satisfy the needs of the consumers.        The market is a crucial part of developing a market strategy. Knowing the target market with regard to a specific product will be of great help in getting a better idea of the market trends. A market study is one of the vital parts of a feasibility study because it will help people in the business to be aware of the demands of its target market and is a factor in knowing if the proposed business is feasible or not.Table 1. Frequency Distribution and Percentage of Respondents’ Choice to Eat DessertChoice to Eat DessertFrequencyPercentageYes18592.5%No157.5%Total200100%92.5% or 185 out of 200 respondents eat dessert while the remaining 7.5% or 15 out 200 respondents do not eat dessert. [pic 1]Figure 1. Choice to Eat DessertTable 2. Frequency Distribution and Percentage of Respondents’ Choice to Eat Cake out of VegetablesChoice to Eat Cake out of VegetablesFrequencyPercentageYes15985.95%No2614.05%Total185100%85.95% or 159 out of 185 respondents who have appetite for dessert prefer to eat cake out of vegetables while the remaining 14.05% or 26 out 185 respondents do not eat cake out of vegetables. [pic 2]Figure 2. Choice to Eat Cake out of VegetablesTable 3. Frequency Distribution and Percentage of Respondents’ Reason to buy a CakeThe 185 Respondents who prefer to eat vegetable cake were asked to rank the four possible reasons why they buy a cake, 4 being the highest and 1 being the lowest. The rank corresponds to point.Reason to Buy a CakeFrequencyPercentageFor Gifts535 points28.92%For Snack489 points26.43%For Special Occasion535 points                28.92%For Giveaways291 points15.73%Total1850 points100%