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

Impacting upon intercultural communication, QUESTION 1 Distinguish betw...

QUESTION 1 Distinguish between the three broad theoretical frameworks that attempt to provide an explanation and understanding of communication and culture. QUESTION 2

E-strategy, Estimate the Contribution of an E-Strategy to the Achievement o...

Estimate the Contribution of an E-Strategy to the Achievement of an Organisation''s Objectives

Risk and Return, In a report not to exceed five double-spaced typewritten p...

In a report not to exceed five double-spaced typewritten pages, analyze the results obtained from the three simulations performed, identify the source of the differences, and selec

phased out or discontinued, Write a letter to your distributor, conveying ...

Write a letter to your distributor, conveying the bad news of one of your product lines being phased out or discontinued, offering some form of compensation in return.

The four seasons corporation, What market segment will the company be targe...

What market segment will the company be targeting? Why?

Concept of procedural rationality, (a) Based on the concept of ‘procedural ...

(a) Based on the concept of ‘procedural rationality' discuss how various types of Business Intelligence techniques may improve specific aspects of the organisational decision makin

Shaping the behaviour of a selected organisation , Illustrate that synthesi...

Illustrate that synthesis has been used to generate and justify valid conclusions made in Shaping the behaviour of a selected organisation      a)  Tlak about the significance of

What is erp?, Question 1 What is ERP? Question 2 Discuss the Business pr...

Question 1 What is ERP? Question 2 Discuss the Business process mapping in ERP Question 3 Discuss the steps of the BPR method Question 4 Explain why Quality management is

Lateral or horizontal communication , Lateral or horizontal communication i...

Lateral or horizontal communication is more important today than vertical communication. Do you agree or disagree? Justify your answer

Managing diverse workforce, Successful diversity management requires HR man...

Successful diversity management requires HR managers to possess skills in leadership, organisational development, change management, psychology, communication, measurement, and ass

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