Concept Development using Conjoint Analysis
Problem Statement:
A snack food company is exploring the possibility of developing a new biscuit product.
Market research suggests that three attributes are most important for consumers while
selecting a biscuit:
1. Flavor (Butter, Chocolate, Spicy)
2. Texture (Crunchy, Soft)
3. Packaging Type (Pouch, Box)
Output of Conjoint Analysis
Attribute Level Utility
Flavor Butter -0.60
Flavor Chocolate 1.10
Flavor Spicy -0.50
Texture Crunchy 0.95
Texture Soft -0.95
Packaging Pouch -0.10
Packaging Box 0.10
Based on the above attributes, you are required to:
1) Identify the number of possible concepts
2) Prepare concept profiles (i.e., combinations of different attribute levels)
3) Comment on the relative importance of each attribute
4) Suggest the four best concepts based on the following conjoint analysis output.