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At a grocery store look at the soda or can good aisle by viewing the prices and the product locations on the shelves,which products are
At a grocery store look at the soda or can good aisle by viewing the prices and the product locations on the shelves,which products are close substitutes,sufficiently differentiated, and have a brand loyalty(i.e.,a higher price),etc.
- product packaging (design, colors, logos, etc.);
- products/brand names compete most closely with each other? Are they placed close to each other on the shelves or far apart?
- which products/brand names are aimed at cost conscious consumers? Where are these on the store shelves for grocery stores?
- which are aimed at higher end consumers? Where are these on the store shelves for grocery stores?
- which products/brand names have a narrower market and command brand loyalty? This one could be tricky to figure out.
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