Business statistics, Business Management

Assignment Help:

Hindustan foods a leading manufacturer of food products, recorded sales of Rs 445.6 crores and a net income of Rs 54.57 crores in 2003. The company manufactured fruitcakes, cookies, biscuits, confectioneries and a variety of other food products including baby foods. The domestic confectionery market was loosely divided into seven categories-hard boiled candies, toffees, éclairs, chewing gum, bubble gum, mints, and lozenges. Hard boiled candies occupied the largest share of this market. Hindustan foods did not have a presence in this segment. It manufactured and marketed toffees as tasty bite toffees while in the chewing and bubble gum segment it had a significant presence with its Fresh mint brand.

Hindustan foods planned to enter the hard boiled fruit candy segment under its Tasty bite brand. The objective was to gain significant presence and market share in a segment that was rapidly growing. The company wanted to test three new flavors for the proposed candy, strawberry, apricot, and pine apple. Hindustan foods also wanted to measure the impact of three different retail prices-50 paise, 75 paise and 100 paise for three flavors. The company selected nine geographically separated stores, as the test stores for the new flavors and different price points. These stores were similar with respect to Hindustan foods confectionery sales and were located in neighborhoods that had similar demographic characteristics. Because each of the three flavors was to be tested at each price, a total of nine different flavors-price combinations had to be tested. Hindustan foods arranged for the delivery of the three new flavors across the stores. At the end of four weeks, the company collected the unsold candy cases. It determined the number of cases sold for each price. With the data so determined, Hindustan foods wanted to know if the differences in sales was due to the difference in flavors and what affect the different prices had no sales.


Related Discussions:- Business statistics

Cross-cultural management, Do you believe there are differences between cro...

Do you believe there are differences between cross-cultural management, international business, and international management? If yes, what are the differences? If no, why not? •

Show the different quality attributes, Question: a) Explain the differe...

Question: a) Explain the different steps involved in the processing of poultry? b) What are the different quality attributes which make you understand that fresh eggs are f

Describe the communication flow in organizations, QUESTION 1 (a) Descri...

QUESTION 1 (a) Describe the Five basic propositions which form the premise of Neher‘s views on organizational communication. (b) Describe the communication flow in organizat

What types of problems are solved by breakeven analysis, What types of prob...

What types of problems are solved by breakeven analysis? Breakeven Analysis assists solving the given types of problems as follows: 1. What volume of sales will be essentia

Importance of effective internal and external communication, Question 1: ...

Question 1: Answer briefly to any three of the following: (a) Explain the importance of effective internal and external communication. (b) Explain how business communicat

Marketing, could you please help me with my marketing assignment

could you please help me with my marketing assignment

Structure of a maintenance organization, The maintenance department is pri...

The maintenance department is primarily a service department and as such is a part of the plants staff. Generally the maintenance department is attached to the production func

The Marketing Environment : Consumers Confound Marketers, Identify all envi...

Identify all environmental factors that can affect the demand for consumers durables and assess the magnitude and direction of there impact.

Motivating individual , a) Discuss this business leader's theory of busines...

a) Discuss this business leader's theory of business leadership, management, and methods for motivating individual and group behavior. b) Talk  about how this business leader ha

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd