Examlex
Scenario 5.1 Use the following to answer the question.
Because of the development of optical scanners and cable television, marketing researchers can now test the effectiveness of advertising more precisely. Volunteers in a minimum of six cities are offered food discounts in return for allowing marketing research firms to monitor grocery purchases and send trial commercials to their homes through cable television.
The research subjects shop only at stores equipped with UPC scanners, and their purchases are identified by a special card. Respondents are also told that some of the commercials they see on cable television may differ from those seen by their neighbors. Buying patterns are then compared. For example, Kashi cereals tested a Crunchy Wheat promotion using this system. Half of the 5,000 participating homes in one city saw a commercial announcing the promotion; the other half saw a commercial that did not mention the promotion. Kashi used scanner data to evaluate the promotion's success and offered the commercials nationwide.
Refer to Scenario 5.1. The 5,000 households that allowed their group purchases to be scanned are a
High Cost
A situation or item that requires a substantial amount of financial resources or expenditure.
Q3: The size of the market potential places
Q51: During which stage of the business cycle
Q54: During the evaluation of alternatives stage of
Q77: Beautycounter is a firm that specializes in
Q99: After several children became ill while playing
Q110: Although the monopoly is one of the
Q118: In Europe, companies can voluntarily apply for
Q125: It is possible to improve ethical behavior
Q191: Marketers may try to change consumers' attitudes
Q210: Sales forecasts are always long-range in nature.