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When using a conjoint methodology to conduct research, we are able to
calculate "utilities" for each product characteristic studied.
These utilities represent the values consumers place on product characteristics,
and they allow us to conduct market simulations.
Our proprietary market simulation software ProductScopeSM allows
our clients to quickly and easily conduct "what-if" scenarios.
With this software, clients can examine the impact of increasing or decreasing
the price of their product and assess the impact to their share of preference
with a competitive change. ProductScopeSM also includes the
ability to specify external effects, to account for such things as differences
in brand awareness or distribution. It also has the capability to examine
results among subgroups of the total sample.
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