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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 |
- What is the utility for the most preferred texture? 0.14
- What is the utility of the most preferred combination of attributes? 3.34
- Over this range of utilities and attributes, what is the percentage weight of the Delivery aspect of the decision?
- What is the approximate value of a utility of 1.00 based on the given price ranges?
- How much are consumers willing to pay for an otherwise similar toothpaste with a pump delivery system instead of a tube-based package?
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