1.)Here is age information for products in a Foundation segment that has an ideal age of 3.8: Name Age Drift 6.6 Agony 0.5 Cascade 1.1 Bubble 5.6 How far from the ideal age is the most competitively positioned product. Express your answer as a number with one decimal point of precision; e.g., 1.1 2.)Here is some information from a Foundation segment report, describing an existing set of products: Name Performance Size Price MTBF Age Drift 9.8 11.8 $44.50 23000 1.69 Agony 10.5 11 $45.00 20000 1.26 Cascade 10.9 10.4 $44.00 22000 1.46 Bubble 11.9 $37.00 20000 2.08 9.7 Assume that company Erie has introduced a product (Eagle) in the same year to compete with these products. At introduction, Eagle has performance of 9.5, size of 11.7, price of 41.12, and age of 0.0. Analyze Eagle's competitiveness relative to the industry average for performance, size, and price, identifying the most competitive of the three product characteristics. Answer 1 if performance is most competitive, 2 if size is most competitive, and 3 if price is most competitive. 3.)Here is some information from a Foundation segment report, showing the December survey scores of products in the segment. Name Dec. Cust. Survey Drift 29.0 Agony 33.0 Cascade 37.0 Bubble 29.0 Assume that these are the only products in the segment and that these products were available for the entire year, what would the market share of the Agony product be? Record your answer as a percentage, omitting the percentage sign, and using one decimal point of precision. E.g., 10.5% would be represented as 10.5 4.)Select all items that list a reason that could explain why a market share computed on the basis of the December survey score might be different than the actual market share achieved by a product. Other products have better performance. Other products have lower prices. The product reflected by the survey score stocked out. The product reflected in the survey score was not available for sale at the beginning of the year. A competing product has a higher survey score. Other products have better marketing. 5.)Which of the following sets of statements correctly identify the best combination of attributes? Performance, size, and price all very close to the segment averages Performance and size greater than 100% of segment average and price less than 100% of segment average Performance, size and price all less than 100% of segment averages Performance, size and price all greater than 100% of segment averages Performance greater than 100% of segment average, size less than 100% of segment average, and price less than 100% of segment average 6.)Which of the following statements is correct? It is always best to make product decisions to minimize cost The best tradeoff between competitiveness and cost would be one that maximizes contribution margin It is always best to have the most competitive position on a specific product attribute The best tradeoff between competitiveness and cost would be one that maximizes operating margin 7.)Here is some information from a Foundation segment report, describing an existing set of products: Name Performance Size Price MTBF Age Drift 9.8 11.8 $44.50 23000 1.69 Agony 10.5 11 $45.00 20000 1.26 Cascade 10.9 10.4 $44.00 22000 1.46 Bubble 11.9 $37.00 20000 2.08 9.7 Assume that company Erie has introduced a product (Eagle) in the same year to compete with these products. At introduction, Eagle has performance of 10.9, size of 12.0, price of 39.0, and age of 0.0. Eagle's performance is what percentage of the segment average for existing products? Record your answer as a percentage, omitting the percentage sign and using one decimal of precision. E.g., 95.66% would be recorded as 95.7 8.)Here are the sizes of products in a Foundation segment. Name Size Drift 10.6 Agony 11.7 Cascade 12.5 Bubble 10.4 The most competitively sized product is what percentage of the segment average size? Record your answer as a percentage, omitting the percentage sign and using one decimal point of precision