Author Question: The SSB is calculated by multiplying the deviation of each group mean from the grand mean and ... (Read 128 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
The SSB is calculated by multiplying the deviation of each group mean from the grand mean and dividing by the number of observations.
 
 Indicate whether the statement is true or false

Question 2

Which is more dominated by search and experience qualitiesgoods or services? Which is more dominated by experience and credence qualities? What are the marketing implications due to these differences?



tandmlomax84

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

F
The SSB is calculated by squaring the deviation of each group mean from the grand mean, multiplying by the number of items in the group, and then summing these scores.

Answer to Question 2

Goods are dominated by search and experience qualities, and services are mostly comprised of experience and credence qualities. There are multiple marketing implications caused by these differences. It is easier to price a good than a service (e.g., a pair of socks compared to consulting advice). Additionally, it is easier for customers to assess a goods purchase compared to a service purchase. This means marketers need to cue the client that the service is excellent.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

For a complete list of videos, visit our video library