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

logistics, whats the economic justification for rapid growth of preminum p...

whats the economic justification for rapid growth of preminum package serivices

Necessity of permitting workers to participate in management, What is the o...

What is the objective or necessity of permitting workers to participate in management? The objective or the necessity of allowing workers to participate within management can b

What are the major services of management information system, What are the ...

What are the major services of Management Information System? The MIS (Management Information System) provides information onto the past, present and projected future and on as

Management function, Discoss the skills required by the management at diffe...

Discoss the skills required by the management at different levels of the hierachy

How are the external pressures causes of organisational, How are the extern...

How are the external pressures causes of organisational? External pressures: (a) Change into Equipments and Technology: Advancements into technology is the main cau

Accident control or prevention, Accident Control or Prevention Acciden...

Accident Control or Prevention Accident  prevention  involves removal  or control  of hazards. It  both  science and  art. It represents  above  all other  things  control  of

What are the features of pure capitalism, Q. What are the features of pure ...

Q. What are the features of pure capitalism? 1. The capitalist system is also called free enterprise economy and market economy. 2. Private ownership. 3. No government interfer

Methods for delivering a presentation, QUESTION (a) Describe the four m...

QUESTION (a) Describe the four methods for delivering a presentation and explain which type of delivery is the most appropriate. (b) The first step in planning a presentatio

Free-market quantity of public goods, We said in class that public goods in...

We said in class that public goods involve externalities. Are the externalities associated with public goods generally positive or negative? Use an example in your answer. Is th

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