Author Question: To determine the optimal product from conjoint results, researchers a. choose the levels of each ... (Read 14 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
To determine the optimal product from conjoint results, researchers
 a. choose the levels of each attribute with the highest part worths, including the price attribute
  b. incorporate information about production and distribution costs with the conjoint results to determine product attributes and price that result in profit
  c. fit continuous curves through the part worths, including price, and use the levels at the highest points of these curves
  d. none of the above

Question 2

A researcher gave Janis and her husband a bar-coded card, like a frequent-shopper card, that they give to the checkout clerk at the grocery store. Their code number is coupled with the purchase information recorded by the scanner. This family is participating is a(n) _____.
 a. scanner-based consumer panel
  b. obtrusive observation study
  c. phenomenological study
  d. ethnographic study



mirabriestensky

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

B
It is possible that the optimal configurations chosen by respondents would involve negative profit. (The consumer will want the best of everything at the lowest price, and the manufacturer will want the lowest production cost and the highest price..) Detailed information about production and distribution costs may thus result in a higher price than suggested by initial conjoint results.

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

For a complete list of videos, visit our video library