Examlex

Solved

Blind Taste Tests in the 1980s Showed That Most Coke

question 40

Essay

Blind taste tests in the 1980s showed that most Coke drinkers preferred a cola that was sweeter than the current product. When Coca-Cola attempted to make its product sweeter, brand loyal customers revolted and demanded the old product be returned. Explain how Coca-Cola marketers could have used the principles of psychophysics to introduce the new coke without creating these problems.


Definitions:

Stock Dividend

A dividend payment made to shareholders in the form of additional shares rather than cash.

Investment

Investment is the allocation of resources, usually money, in the expectation of generating an income or profit, such as purchasing securities or assets.

Parent's Books

The financial records held by a parent company that include accounts and transactions of its subsidiaries.

Noncontrolling Interest

A stake in a company that is not large enough to control or dictate the company's business operations, often reflected as a separate equity item in the consolidated financial statements.

Related Questions