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MinuteGrocer - Economic Value to the Customer ( EVC ) Segment 1 : HH Income is top 1 0 % of HHLDs Segment 2 :

MinuteGrocer - Economic Value to the Customer (EVC)
Segment 1: HH Income is top 10% of HHLDs Segment 2: HH income is is top 50% of HHLDs Assumptions
Monthly spend per HH $1,485.00 $1,241.00% groceries purchased 90%
Median HH Income $273,850.00 $125,000.00 Hours worked/week 40
$ Value of 1 hour saved Weeks worked per year 50
Working HH members 1.25
Positive Economic Differentiators Value of Time 25%
Driving time # of times shopped/week 1.5
In-store shopping time Trips per month 6.5
Loading and unloading time Avg Drive distance- miles 3.8
Total time saved per month Drives per trip 2
$ value of time saved Avg drive speed-mph 40
Total $ saved on gas Gas price/gal $4.50
Total pos. diff. value ($) Miles per gal 24.9
Shopping in store-mins. 41
Negative Economic Differentiators Shopping online-mins 15
Scenario (i) for service fee and suggested trips Avg load and unload-min 5
Tips (5%) Online load and unload 0
Service Fee (3.5%) Monthly Fee $9.99
Total neg. diff. Load unload times/trip 2
Diff. Value Tips - percent 5%
Scenario (ii) for service fee and suggested trips Tips - Flat per trip $5.00
Tips ($5 for each trip) Service Fee 3.5%
Service Fee (2%) Service Fee 2.0%
Total neg. diff. Reference Value 0
Diff. Value

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