Author Question: To determine the optimal product from conjoint results, researchers a. choose the levels of each ... (Read 36 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?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

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.

For a complete list of videos, visit our video library