Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Brian Jacobs, who works for a leading toothpaste manufacturer, wishes to better understand target customers in a particular geographic region. His manager suggested trying conjoint

Brian Jacobs, who works for a leading toothpaste manufacturer, wishes to better understand target customers in a particular geographic region. His manager suggested trying conjoint analysis. He conducted a conjoint analysis of the most popular brands in the industry. They accumulated data in the table shown below:

Attribute

Level

Utility

Price

$2.95

1.50

$3.29

0.30

$3.59

-0.20

$3.95

-1.60

Delivery

Tube

-0.43

Pump

0.43

Size

Small

-1.10

Medium

0.15

Large

0.95

Brand

All Smile

0.32

B&B Healthcare

0.18

Care More

-0.10

Dent Care

-0.37

Texture

Paste

0.14

Gel

-0.14

  1. What is the utility for the most preferred texture? 0.14

  1. What is the utility of the most preferred combination of attributes? 3.34

  1. Over this range of utilities and attributes, what is the percentage weight of the Delivery aspect of the decision?

  1. What is the approximate value of a utility of 1.00 based on the given price ranges?

  1. How much are consumers willing to pay for an otherwise similar toothpaste with a pump delivery system instead of a tube-based package?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions