Question: After being shown a prototype, they were asked to , Would you buy this product if it was sold for Tsh 1 0 0 ,

After being shown a prototype, they were asked to,Would you buy this product if it
was sold for Tsh 100,000. The questionnaire allowed only two answers yes or no. When the answers were
totaled six of the nine customers in the group answered yes. Prior to the focus group the development team
claimed that 80% of customer would want to buy the product at this price. If the developers are right, what
should we expect to happen at the focus group?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

On 1/1/18, Kantner, Inc., a domestic corporation had the following balance sheet accounts for book and tax purposes. Assets: Property, plant and 1,000,000 equipment Accumulated depreciation...

Q:

During the early stage of product development, some companies use focus groups to get the reaction of customers to a new product or design. The particular focus group in this example has nine...

Q:

During the early stage of product development, some companies use focus groups to get the reaction of customers to a new product or design. The particular focus group in this example has nine...

Q:

In java create a program that can keep track of product inventory and generate a bill for the user. The code must be menu-driven and let the user add and delete products for sale, it should also be...

Q:

In java create a program that can keep track of product inventory and generate a bill for the user. The code must be menu-driven and let the user add and delete products for sale, it should also be...

Q:

This is an individual assignment requiring you to analyze the data presented in the TruEarth Healthy Foods case (4065-PDF-ENG). You will likely find the Student Spreadsheet that accompanies the case...

Q:

Hello, I need help with a homework problem due tomorrow night that I've gotten behind completing. I have attached Course Reading for the week for background information, assignment prompt, and the...

Q:

PAPERS What Project Strategy Really Is: The Fundamental Building Block in Strategic Project ManagementPeerasit Patanakul, Stevens Institute of Technology, Hoboken, NJ, USA Aaron J. Shenhar, Rutgers...

Q:

Breeder's Own Pet Foods, Inc. In January 2011, Breeder's Own Pet Foods, Inc. executives looked forward to their meeting with representatives of Marketing Momentum Unlimited, a marketing and...

Q:

McGregor Enterprise Steve Simpson is a very average man. He wears classes, weighs barely 145 pounds and stands at just 57. If you even noticed Steve, his baby face and full head of short, brown hair...

Q:

CASE SCENARIO George Larsen will never be accused of having a dynamic presence. The bespectacled accountant spread 145 pounds over a 57 frame and, if you even noticed George, his baby face and full...

Q:

At May 31, 2012, the accounts of Mantle Manufacturing Company show the following. 1. May 1 inventoriesfinished goods $12,600, work in process $14,700, and raw materials $8,200. 2. May 31...

Q:

You are considering setting up a firm to produce gadgets. The demand for gadgets can be high, medium, or low with equal probability. The corresponding cash flows are: Demand Annual Cash Flows High:...

Q:

Which state relies least on property tax as a share of its general revenue? a . Illinois b . New Jersey c . Connecticut d . Alabama

Q:

An accumulator is a primitive kind of calculator that can evaluate arithmetic expressions. In fact, the Arithmetic-Logic Unit (ALU) of the rst computers was just an accumulator. An arithmetic...

Q:

13. What is offshoring of white-collar service jobs and how does that practice relate to international trade? Why has offshoring increased over the past few decades? Give an example (other than that...

Q:

14. last word What was the central point that Bastiat was trying to make in his imaginary petition of the candlemakers?

Q:

7. The potentially valid arguments for tariff protectionmilitary self-sufficiency, infant industry protection, and diversification for stabilityare also the most easily abused. Why are these...