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Method of evaluating consumer choice through concept testing for the marketing and development of consumer products

  • US 5,124,911 A
  • Filed: 04/15/1988
  • Issued: 06/23/1992
  • Est. Priority Date: 04/15/1988
  • Status: Expired due to Fees
First Claim
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1. A method of concept testing comprising:

  • a. performing a multi-attribute evaluation of prompts comprising concepts and existing products which compete in the same consumer market;

    b. eliciting from consumers evaluations of the extent to which each attribute ideally should be possessed by a product in the same consumer market;

    c. eliciting from consumers evaluations of their likelihood of purchasing the existing products and products described by the prompts;

    d. performing an independence factor analysis of the attributes whereby clusters of related attributes are formed and are identified as factors;

    e. performing for each prompt a squeeze analysis of the factors whereby (i) a matrix of factors is created wherein points defining the Euclidean distances between each product and the ideal product are plotted based upon the attribute evaluations associated with each product and (ii) a rating is assigned to each factor and to each attribute so that the Euclidean distances between the points on the matrix representing each product and the point representing the ideal product are re-ranked into the same order as the likelihoods of purchasing each product;

    f. calculating, for each prompt, the deviation of each respective attribute evaluation for that prompt from the mean of the attribute evaluations for all prompts.

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