Create perceptual map
Step 1: Create Perceptual Map
List 10 fast food restaurants.
Consider what a typical lunch would be like at each place. Use their websites if you need to review the menu.
Rank them from least to most expensive. Then, using the same 10 restaurants, rank them from the least to the most healthy. Form “dimensions” with these rankings and then create a perceptual map illustrating the fast-food market formed by these 10 restaurants.
Step 2: Interview consumers
Interview three consumers. Ask ask them about their concerns when choosing a fast-food restaurant. Using these results, estimate the location of the ideal points for different fast-food markets on the perceptual map that you developed in Step 1.
Step 3: Executive Summary
Prepare 1-2 page paper based on of this assignment. Be sure to indicate potential opportunities that exist within this market. Also state which restaurants appear to have the best and the worst positioning, respectively.