Assume that a consumers purchase decision on an electric razor is based on four attributes, each of

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Assume that a consumer’s purchase decision on an electric razor is based on four attributes, each of which can be set at one of three levels (1, 2, or 3). Using conjoint analysis (a type of analysis used in marketing research), our analysts have divided the market into five segments (labeled as customers 1, 2, 3, 4, and 5) and have determined the “part-worth” that each customer gives to each level of each attribute. These are listed in the file P08_40.xlsx. Conjoint analysis usually assumes the customer buys the product yielding the highest total part-worth. Currently there is a single product in the market that sets all four attributes equal to

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Practical Management Science, Revised

ISBN: 9781118373439

3rd Edition

Authors: Wayne L Winston, S. Christian Albright

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