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

Mensa INC, 1. Describe the situation facing Mensa at the time of the case. ...

1. Describe the situation facing Mensa at the time of the case. This should include the major issues facing the company and the decisions that need to be made. You are to spend no

Approaches for handling customer complaints, Explain some of the approaches...

Explain some of the approaches for handling customer complaints and listening to customers

Analyze the weaknesses of the eia process, Question : (i) With the grow...

Question : (i) With the growth of the tourism industry, coastal development projects have the potential to cause significant negative environmental impacts. Using appropriate

Short term finance, briefly discuss the three shorth term financing problem...

briefly discuss the three shorth term financing problem and provide relevent examples of each?

Organiation desgin, How could technology help solve the problems at the fro...

How could technology help solve the problems at the front desk? Explain what you propose very specifically and clearly. Please do not give round-about general answers.

Organizational management, 1. Explain how recent changes have made the worl...

1. Explain how recent changes have made the world global marketplace different than in the past. 2. What role does faith play in the global marketplace?

Explain effective decision making, Question 1: (a) List three types of ...

Question 1: (a) List three types of supervision styles. (b) Describe each of them, stressing upon their importance to you as supervisors. (c) Write short notes on two maj

Explain the importance of barriers to entry, QUESTION Explain with exam...

QUESTION Explain with examples where appropriate the major characteristics of cognitive development in early childhood. QUESTION Explain with examples where appropriate

What is meant by business process management, Define what is meant by 'Busi...

Define what is meant by 'Business Process Management' (BPM) and briefly explain the role of various technologies in assisting BPM achieve its objectives.

Analysis on organisation internal or external environments, Introduction ...

Introduction Give a brief account of the history of the company and trace the evolution of its strategy over time. As part of this introduction, identify the organisation's cur

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