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

Define the term sustainable development, Question: (a) Define the term ...

Question: (a) Define the term sustainable development (b) What is environmental sustainability (c) What are the different steps involved in the development of an EIA for

Target Market Basis, what is Size of Customer, Type of Customer And Need fo...

what is Size of Customer, Type of Customer And Need for Service?

Critical, MHow in a free society like the U.S., can a small group of people...

MHow in a free society like the U.S., can a small group of people continually control so much of the wealthiness 100 words accepted#

MTMG320 Business Information Systems, Hi I am Nelson Daniels I am checking ...

Hi I am Nelson Daniels I am checking up on my Ticket ID EM13830601 I see my payment has been authorized I need help on my 5.5 - Research Exercise: Microsoft Dynamics Research Rep

Organizational diagnosis - organizational structure, Organizational diagnos...

Organizational diagnosis helps to determine the goals as per the performance level in terms of current and past performance. It measures the organizations development to achieve th

Business model and designing a web strategy, Creating a New Internet Busine...

Creating a New Internet Business Here is a list of new businesses that could benefit from using the Web, listed. Select one of the businesses from this list and develop an Inte

What are the principles of good communication skills, QUESTION 1 Outlin...

QUESTION 1 Outline the fundamental propositions that all cognitive behavioural Therapies share in terms of helping people to change behaviours. Elaborate in details and support

Potential disadvantages of the business, Referring to the organisation you ...

Referring to the organisation you researched in Section A of this report give two (2) examples of where that business should be socially responsive to issues that have arisen or c

Describe stress management programs, Describe stress management programs: ...

Describe stress management programs: Q. The Director of Nursing at Smalltown General Hospital claims that several nurses are experiencing job burnout. Describe the three compo

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