A large FMCG company decides to test market Kora, a new brand of face cleanser, to be launched soon. The company initially distributes a few free samples to some prospective consumers. Later it offers the product to the customers at a discounted price and observes that not only more than seventy percent of the customers are purchasing it but the same number are also satisfied using it. The company keeps using this process 3-4 times to obtain a correct count of the number of people purchasing the product repeatedly. Which of the following testing methods is being used here?
sales-wave research
full test marketing
simulated testing
parallel testing
controlled testing
sales-wave research
In the sales-wave research, the respondents are offered with the products that are inclined to the survey questions asked to them in the initial interview. Based on the above case, since the customers were offered the product at a discounted price and conclusion upon the marketing research was received in successive waves, the above options holds true.
A large FMCG company decides to test market Kora, a new brand of face cleanser, to...
Read the Article posted below, then answer the following questions: 1. As a junior member of your company’s committee to explore new markets, you have received a memo from the chairperson telling you to be prepared at the next meeting to discuss key questions that need to be addressed if the company decides to look further into the possibility of marketing to the BOP segment. The ultimate goal of this meeting will be to establish a set of general guidelines...
Rewrite this paragraph in another wording 1. Executive Summary: Majid Al Futtaim is an Emirati firm located in Dubai, it’s held and managed purchasing markets and many malls, retail, and entertainment enterprises in MENA, with works in 13 nations. The organization was founded by Majid Al Futtaim in 1992, it manages three main working of companies controlled: Properties, Retail, and Ventures branches, from 2015 the organization start working in 13 nations: like United Arab Emirates, Egypt, Saudi Arabia, Jordan, Pakistan,...
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