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

How are internet technologies affecting the organizations, How are Internet...

How are Internet technologies affecting the structure and work roles of modern organizations? For example, will middle management wither away? Will companies consist primarily of s

Efficient communication-ocr’s examination blunders, efficient communication...

efficient communication (unlike the OCR's examination blunders) is fundamental to an organisation such as the OCR exam board because it helps to: Keeps schools (the custome

Strategy formulation, hotel and restaurant overall low cost leadership

hotel and restaurant overall low cost leadership

Social responsibility by profit-making organisations, QUESTION 1 Using ...

QUESTION 1 Using examples from the local context, illustrate the arguments for and against the assumption of social responsibility by profit-making organisations QUESTIO

What is work study as a management tool, What is work study as a management...

What is work study as a management tool? Work Study as a Management Tool: Work study investigates the work completed in an organization and this aims at finding the best

Systems orientation, PM alone cannot eliminate or drastically reduce break...

PM alone cannot eliminate or drastically reduce breakdowns. Supporting it there should be various steps taken in design development and engineering such that maintenance itself

Analysis, an analysis of the fluctuation in share prices of fujitsu LLC and...

an analysis of the fluctuation in share prices of fujitsu LLC and Dell LLC yielded the following results fujitsu LLC Dell LLc Average Price 138.0 118.5

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

Define the term organisation culture, QUESTION (a) Interpersonal skills...

QUESTION (a) Interpersonal skills are vital for interacting with people individually and in groups and developing such skills contribute to communication effectiveness in the o

What do you understand by the term viral marketing, QUESTION a) Top Mob...

QUESTION a) Top Mobile Company ltd deals in mobile phones. For the last two years, the company has been using traditional marketing tools like newspapers, pamphlets and radio t

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