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

Characteristics of an effective team, QUESTION 1 Teams are emerging as ...

QUESTION 1 Teams are emerging as a powerful management tool and are popping up in the most unexpected places. Discuss, with examples, the characteristics of an effective team?

Features of enterprise resource planning, The general ERP model has a centr...

The general ERP model has a central data base shared by all functions of the enterprise represented by four quadrants in the figure represents the concept of enterprise resources p

Define leadership and analyse the main styles of leadership, QUESTION 1 ...

QUESTION 1 Communication constitutes the exchange of information and the transmission of meaning. As such it is the lifeblood of an organisation." Discuss. QUESTION 2 D

Explain abraham maslows theory on motivation, Question 1: (a) Describe ...

Question 1: (a) Describe why ‘control' is an important function for a manager. (b) Using relevant examples, contrast the three types of control namely feedforward, concurrent

Implementing an e-business strategy at digiland, QUESTION Read the case...

QUESTION Read the case study found on page 5 of the question paper and answer the questions below: (a) What are the impacts of implementing an E-Business strategy at Digilan

Identify levels of interdependence - financial institution, Q. Identify thr...

Q. Identify three levels of interdependence and give an organizational example for each Q. A large financial institution is losing market share to savvy upstart companies, and i

What are the advantages of work study, What are the advantages of work stud...

What are the advantages of work study? Advantages of work study: The given are the advantages of work study: a. Uniform and enhanced production flow, b. Higher prod

Analyze the principles of corporate citizenship, Question 1: Corporate ...

Question 1: Corporate citizenship strives to conduct all business dealings in an ethical manner, make a concerned effort to balance the needs of all stakeholders, while workin

Different types of business meetings, QUESTION a) The process of develo...

QUESTION a) The process of developing a presentation is a systematic one comprising three distinct phases. Describe in detail each one of these phases and explain their importa

Culture - organizational culture, Culture - Organizational Culture Som...

Culture - Organizational Culture Some people think of culture as the character or personality of an organization. How an organization looks and "feels" when you enter it is a

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