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The methods used in long‐range prediction include causal models and regression on leading variables, but one method which is generally worth considering is the fitting of trend lines. It is the object of this paper to present simple techniques for fitting these lines.
Persistent link: https://www.econbiz.de/10014934022
Introduction A product may be called new for two reasons: either because it is a novelty in the fullest sense of the word, intended to cater for a hitherto latent demand, or merely because it is a new brand, which will have to compete with a number of other brands in an established market.
Persistent link: https://www.econbiz.de/10014934462
The authors report on an enquiry they carried out in Nottingham, to determine the extent to which housewives are conscious of the price of an article at the time of its purchase. They find that for many of the fifteen grocery products covered, a high proportion of housewives were aware of the...
Persistent link: https://www.econbiz.de/10014934460
Even the best advertising campaign may fail if the price of the product is not appropriate, yet retail prices are still determined more by rules of thumb than systematic study.
Persistent link: https://www.econbiz.de/10014934461
I. Introduction It is generally accepted that price may enter into the determination of consumers' choice in two ways: as an indicator of cost and as an indicator of quality. Contemporary demand theory rests heavily on the first of these two functions while the second tends to be treated as if...
Persistent link: https://www.econbiz.de/10014934463
It is stated in a recent commercial publication that of a set of products test marketed in the course of recent years, 20 per cent of the failures was mainly due to the price and the product not being well matched. While the statistical evidence presented appears to be rather too slender to...
Persistent link: https://www.econbiz.de/10014934464
Introduction This paper is a report on an experimental study of consumers' behaviour and on a new theory of choice between close substitutes which we developed from the indications of the results obtained. The theory is not in disharmony with the commonly accepted tenets of the fundamental...
Persistent link: https://www.econbiz.de/10014934468
Introduction Price is only one of the many elements in the marketing mix which determine the extent of the success or failure of a product, and since in any actual marketing situation price exerts its influence in combination with all the other factors, it would seem justified to ask whether it...
Persistent link: https://www.econbiz.de/10014934473