The prius

Assignment Help Other Subject
Reference no: EM13194267

Case 1: The Prius

Toyota recently introduced a hybrid automobile named Prius. Since its introduction, this offering has achieved a 1.2% market share in this market. Toyota has conducted research in an effort to assess its opportunity for market share development. The table below indicates consumers' current response at each step along the share development path for Toyota's Prius hybrid automobile as well as Toyota's desired response at each step:

Share Performance 
Director Current Response Desired Response
Product Awareness 0.70 0.80
Product Attractiveness 0.45 0.60
Price Acceptable 0.60 0.80
Product Availability 0.55 0.70
Service Experience 0.60 0.75


3. Even though target customers are somewhat aware of this product, customers do not appear to have a favorable attitude and interest in this product and the benefits it offers. What is the resulting loss in Prius's potential market share due to this product unattractiveness to potential customers? Show your work.

a) 6.2%
b) 14%
c) 25%
d) 31.5%
e) 38.75% 

Reference no: EM13194267

Questions Cloud

Process is in statistical control : What do we mean when we say a process is in statistical control? What evidence allows us to make that statement? Please include references or URL used.
What information is needed to construct a control chart : What information is needed to construct a control chart? Where can this information be obtained? Please include references or URL used.
Monitor the driving forces of change mentioned in the text : As a manager, how would you monitor the driving forces of change mentioned in the text? How would you tackle a gap analysis? How would you handle scalability issues? Respond to at least two of your classmates’ postings.
Identical standby generator units for emergency power use : "A plant has two identical standby generator units for emergency power use. In the area of the generators, the normal noise level registers 81 dBA on the sound-level meter with the generators turned off. When one generator switches on, the noise leve..
The prius : Toyota recently introduced a hybrid automobile named Prius. Since its introduction, this offering has achieved a 1.2% market share in this market. Toyota has conducted research in an effort to assess its opportunity for market share development.
Consumer financial services : Charles Schwab is a consumer financial services company and wants to segment the market to better serve its customers and prospective customers. This market could be segmented on the basis of differences in income, education and age, as well as diffe..
The vast majority of rose bowl games : "The vast majority of rose bowl games (in pasadena, ca) have been played in freezing cold weather. therefore, probably the next rose bowl game will be played in freezing cold weather.
Evaluate behaviors of canada-ethnic background and conflicts : Evaluate the behaviors of Canada with respect to ethnic background and conflicts.
Calculate the critical radius : Assume for the solidification of nickel that nucleation is homogeneous, and the number of stable nuclei is nuclei per cubic meter. Calculate the critical radius and the number of stable nuclei that exist at the following degrees of supercooling: 200K..

Reviews

Write a Review

Other Subject Questions & Answers

  Describing the research experiments

What is the place of secondary authority in your research plan? How would you go about researching primary sources for this case? Give examples of key words that you would use to research this case.

  Review the aging-changes in physical appearance simulation

Review the Aging and Changes in Physical Appearance simulation. Discuss the social and physical aspects of late adulthood. What physical and cognitive changes are involved?

  Leaders of functionalism in american psychology

Who are some of the leaders of functionalism in American psychology?

  Practicing input-output psychologist

Compare and contrast the role of an I/O professor with that of a practicing I/O psychologist. What activities do they share in common? What distinguishes the two professions from each other?

  Employee conduct and behavior-practices prohibited

What is the principal reason why the work organization formulates and publishes a code of ethics enumerating its standards of employee conduct and behavior?

  Management cost and control system

The project here is to ‘develop a Management Cost and Control System (MCCS)'. What kind of system could it be? Why would this system help the company's competitiveness?

  How different disciplines of study assist to read and write

How can knowing about different disciplines of study(domains of thinking) assist you to read and write critically as the student and professional in workplace?

  What are some of the assumptions commonly

What are some of the assumptions commonly held about the Old Testament? Explain why the Old Testament is foundational to the Christian worldview.

  Is distance learning equal opportunity for global community

What are your thoughts about the idea that technological and medical advances would bring an end to hunger disease, drudgery and unemployment in the U.S.?

  Personal philosophy of nursing education

Make a brief personal philosophy of nursing education (Your personal beliefs regarding teaching, learning and nursing education) 1 - 2 paragraphs maximum.

  Concept regarding cognitive science

Break down the perceptual organizational process

  Designing a political commercial

Design a political commercial. You will need to have a transcript of the text and a clear detailed description of the visual pictures to be used in your commercial.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd