Author Question: To determine the optimal product from conjoint results, researchers a. choose the levels of each ... (Read 55 times)

tuffie

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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

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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



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