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The following matrix captures monthly buying behavior of a panel of customers for identically priced detergent brands codenamed A, B, and O. 1. Based
The following matrix captures monthly buying behavior of a panel of customers for identically priced detergent brands codenamed A, B, and O.
1. Based on the matrix, what is the loyalty rate for Brand A?
2. Based on the matrix, what is the loyalty rate for Brand B?
3. Based on the matrix, what is the market share for Brand B?
4. Based on the matrix, what is the share of wallet of Customer 2 for Brand O?
5. Based on the matrix, what is the share of wallet of Customer 3 for their preferred brand?
Month # Customer # 1 Customer # 2 Customer #3 Customer # 4 Customer # 5 1 A B A B O 2 O O A A A 3 A B A O O A 4 A O A B O 5 A B A O B 6 B B A B O Customer's Stated Preferred Brand A B A B O
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1 Based on the matrix what is the loyalty rate for Brand A The loyalty rate for Brand A is the percentage of customers who purchased Brand A in all th...Get Instant Access to Expert-Tailored Solutions
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