← prod mag ch 7 Export Options Alphabetize Word-Def Delimiter Tab Comma Custom Def-Word Delimiter New Line Semicolon Custom Data Copy and paste the text below. It is read-only. Select All trade off analysis/conjoint analysis technique that is more commonly used in concept evaluation; used in generating high potential concepts for future evaluation. it is the analysis of the process by which customers compare and evaluate brands based on their attributes or features. be able to specify the product as a bundle of attributes, know determinant attributes, respondents should be familiar with the product category, firm should be able to act on the results practical guidelines for the use of conjoint analysis adaptive conjoint analysis shows only a few attributes at a time to the respondent and adapts to the respondent as the conjoint exercise goes on choice based conjoint analysis respondent is shown several alternative product choices ad is asked which he or she would prefer conjoint results are a valid early indicator of ultimate product success, at least for product extensions information acceleration customers can have a simulated virtual reality walk through experience that simulates the buying process and marketers can watch what happens dimensional analysis uses any and all features, not just measurements of dimensions (such as spatial--lenght, width and so on) the task involves listing all of the physical features of a product type 6 full conjoint analysis is useful in measuring up t o____ attributes utility value uses _______ ______ as a proxy for customer preference attributes X level X utility value = product equation for conjoint analaysis composition rule how the respondent combines the partworths of the factors to obtain the overall worth similarities of conjoint and gap analysis Both are based on product attributes (features/functions/benefits). Both can demonstrate product difference by numeric difference. differences of conjoint and gap analysis Focus is trade-off between attributes, not only identification of gap. Conjoint analysis can be easily extended to multiple attributes. Conjoint analysis more realistic (Think about the swimsuit example again).