ASSIGNMENT 1 – SEMESTER 1 2026
MARKETING RESEARCH
COMPLETE ANSWERS
STUDENT DETAILS
Detail Information
Module Code MNM3702
Assignment 01
, Detail Information
Semester 1 2026
Due Date 28 March 2026
QUESTION 1 [16 marks]
1a) Management Decision vs. Marketing Research Problem [4 marks]
Critical Management Decision Facing Action First Funerals:
Action First Funerals must decide whether to expand its service offerings
to include more affordable, flexible burial plans targeting lower-
income segments or maintain its current premium-focused positioning.
Management Problem:
Should Action First Funerals introduce a range of affordable, flexible
funeral plans to capture the lower-income market segment?
This is a management problem because it involves an action-oriented
decision that management must make—whether to change their product
strategy, allocate resources, and pursue a new market opportunity .
Marketing Research Problem:
Determine the funeral service preferences, affordability constraints, and
awareness levels of lower-income consumers in Gauteng regarding funeral
plans.
This is a marketing research problem because it focuses on gathering
information to reduce uncertainty and inform the management decision. It
specifies what information is needed (preferences, affordability,
awareness), who to gather it from (lower-income consumers), and where
(Gauteng) .