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

Corprate Culture, Why are symbols important to a corporate culture?

Why are symbols important to a corporate culture?

How to handle conflict within organization, Question  1: (a) As a manag...

Question  1: (a) As a manager, describe in detail how you would proceed with the introduction of new technology in your organization. (b) Describe the various strategies tha

Discuss efficiency gains over woss and the market’, QUESTION ‘Although ...

QUESTION ‘Although the elegance and comprehensiveness of transactions costs reasoning has provided the internalisation approach with a powerful logic (Rugman, 1981, 1985), it i

Meaning of hyper-competitive strategies, Explain Which of the following exp...

Explain Which of the following explanations best defines the meaning of hyper-competitive strategies? Ans) ? A) Hyper-competitive methods are about how to compete in fast changi

Mgmt2023, A company is considering whether to purchase a piece of land that...

A company is considering whether to purchase a piece of land that has come up for sale at a cost of $10 million. Two suggestions have been made for the use of the land. One is to

Acct manager, What strategies might be used in gaining acceptance for an OD...

What strategies might be used in gaining acceptance for an OD program

Oil and gas, hi there I''m studying for oil and gas management, how could y...

hi there I''m studying for oil and gas management, how could you help me? thanks

Testing facilities, During planning of inspection consideration should a...

During planning of inspection consideration should also be given to the flow of product through the inspection station. The inspection station or station should be so plan

Explain about bpel orchestration and choreography?, Orchestration: The c...

Orchestration: The control over the web services that are involved and coordinating the implementation of different operations on the web services involved in the operation is t

Write down the issues in insurance marketing, Question 1 Marketing of insu...

Question 1 Marketing of insurance products is an important tool in the insurance business. The marketing of insurance is possible in both the life insurance and the non-life insur

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