Before Kraft introduced Philadelphia Single Size Cream Cheese Spreads, it test marketed them in California markets to see if the
amount of the serving was acceptable and to determine the best pricing strategy to use with the new product. This was an example of _____ research. a. experimental
b. results-oriented
c. observational
d. stimulus-response
e. ethnographic
Experimental research is a technique that helps to analyse the initial consumer response before officially launching the project. Kraft has launched an experimental research in California market to test their product and to analyse if the serving was acceptable with the new product. Experimental research generally helps to determine the flaws and loopholes in a product.
have greater marginal utility than existing substitute products
Explanation:
Utility is the satisfaction derived from consuming a good or service. Products or services that meet or exceed customers' expectations are deemed to have a high utility value. Goods that do not adequately address customers' needs are considered to be of low utility value.
Goods and services deemed to be of high utility value are always in high demand. Consumers will be willing to pay more for such commodities. A product with high utility value will outsell its competitors in the market.
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Step-by-step explanation:
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