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

Describe the causes of conflict in organizations, Question 1 (a) Discus...

Question 1 (a) Discuss and explain, with examples, at least 5 factors that inhibit effective communication in a business environment. (b) For each of the factor mentioned i

Importance of culture - organizational culture, Importance of Culture - Org...

Importance of Culture - Organizational Culture When people are successful at what they undertake, the ideas and values that led to that success become institutionalized as par

State the organizational and personal managerial decisions, State the organ...

State the organizational and personal managerial decisions. Organizational and Personal decisions: A manager creates organizational decisions into the capacity of a compa

What is manufacturing process in 1948s factories act, What is manufacturing...

What is manufacturing process in 1948s factories act? Manufacturing Process: A process for • Making, altering, finishing, repairing, packing, cleaning, washing or else treat

What is email?, QUESTION With the popularity of the Internet and its gl...

QUESTION With the popularity of the Internet and its global acceptance as a business tool, the company is thinking firmly of providing email addresses and internet access to al

Explain any five qualities of an outsourcing project leader, Briefly explai...

Briefly explain any five qualities of an outsourcing project leader. 1. Ability to embrace and support change. 2. Earned credibility across the organization. 3. A desire

Composition of working capital, Why the composition of the working capital ...

Why the composition of the working capital of business is important as the value of the working capital

Discuss the qualities and attributes of an ethical leader, Question : C...

Question : Contemporary corporate governance requires ethical leadership. (a) Show the qualities and attributes of an ethical leader. (b) It is now advocated that corpora

Market segmentation, analyize the consumer segmentation in blackberry mobil...

analyize the consumer segmentation in blackberry mobile

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