Market Research - Population and importance to organization

Select an organization with which you are familiar. This organization is the basis for your Market Research Implementation Plan
Select a scenario from the following list:
• An organization is considering introducing a new product or service: Apple Pay (Application)

Write a 200 word detailed outline of your Market Research Implementation Plan in which you address the following:

Based on your selected scenario, identify the detailed areas in which market research is needed, such as:
Population, and describe their importance to the organization in the selected scenario.