Question: 1. Based on the conceptual framework of multi-attribute choice model, generating consumers perceptual map for a product category requires knowledge of: A. Consumers average attribute
1. Based on the conceptual framework of multi-attribute choice model, generating consumers perceptual map for a product category requires knowledge of:
A. Consumers average attribute scores for each competitive brand
B. Consumers relative importance weights for each attribute
C. Consumers demographic characteristics
D. All of the above
E. A & B from the above
2. Based on the conceptual framework of multi-attribute choice model, generating consumers preference map for a product category requires knowledge of:
A. Consumers average attribute scores for each competitive brand
B. Consumers relative importance weights for each attribute
C. Consumers demographic characteristics
D. All of the above
E. A & B from the above
3. If you have 7 product attributes and 6 competing brands to work with in a given product category, how many distinct preference maps in all could be created?
A. 5
B. 10
C. 15
D. 21
E. None of the above
4. Suppose you are interested in using the Conjoint Analysis technique to generate preference maps in a product category. You have identified that there are 5 product attributes in that product category, and each of those 5 product attributes has 2 distinct levels (Low and High). What is the maximum number of distinct product profiles that can be created in this product category?
A. 4
B. 12
C. 27
D. 32
E. 81
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