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I learned in my marketing class that the compensatory method is when you allocate 100 points for a different features of a product and then you give the feature that is most important to you the most points. It is a method that is used to help a consumer make a decision about a product.
Here's an example: If you were going to buy a TV, the different features of a TV would be its size, screen quality, wi-fi connection. If the screen size was most important to you, you would give that category 50 out of the 100 points. If screen quality was next in importance to you, you would give it a 30 out of the 100 points. If wi-fi connection was least important to you, you would give it the least amount of points. In this case you would give it a 20 out of the 100 points. Thus, 50+30+20=100 points. Now, when you are shopping for your tv you can rank each tv you are considering and the one that is closest to the points you allocated in each category is ultimately the one you should buy.
*this is a very subjective method- the product that you are "suppose" to buy after completing this method may not be the product that you actually want. This method can also make you realize what features/categories are most important to you when making a big decision
What else can I help you with?
In demand forecasting important method used in trend projection is?
Delphi method
What is the meaning of ethical considerations?
There is no best marketing method. They all work, provided, they are all executed properly. The best marketing method is the one that works best for you. The main thing is not to fall into the trap of jumping from method to method like so many marketers do. You have to be disciplined enough to be patient. You have to give whatever method(s) you're using a reasonable chance to work. Then, when you find something that works, milk it to the point of diminishing returns.
A method of advertising or selling that uses false claims is called?
A method of advertising or selling that uses false claims is called false advertising.
What is Value Based Pricing?
Value based pricing is a method of pricing a product based on perceived value. This method sets aside the issue of production and distribution costs and focuses more on what the buyer is willing to pay. This method of pricing is the most popular way to bring more profits to a company's table.
What is modern marketing?
modern marketing is new marketing method.
If you decide that you will not buy any pair of jeans that costs more than 100 you are using for decision making?
a non-compensatory method
How can write leave application letter for compensatory leave?
how to write a compensatory leave letter
Can you receive compensatory damages in federal court?
can you recieve compensatory damages in federal court
What is the Rule of compensatory off in central government?
how many hours to a minimum one has to work to get compensatory off
How do you use compensatory in a sentence?
Flexible signin and time-off for personal business is definitely a compensatory benefit.
How do you use compensatory damages in a sentence?
The civil suit resulted in the defendant having to pay compensatory damages to the victim.
What type of loan is IMF's Compensatory and Contingency Financing Facility?
The Compensatory and Contingency Financing Facility is a loan for sudden drops in export earnings.
What are examples of actual or compensatory damages?
Actual or compensatory damages are sometimes used in the same manner. Generally, both are given to reimburse the victim's economic losses. So examples of compensatory damages involve lost wages and earnings as well as medical expenses incurred as a result of the accident and/or incident at work. The specific amount of money lost by the victim is reimbursed by actual or compensatory damages.
Is compensatory curve present in complete denture?
yes
What is the difference between punitive and compensatory damages in a legal context?
Punitive damages are meant to punish the defendant for their actions, while compensatory damages are meant to compensate the plaintiff for their losses.
What Damages make a person whole again?
Compensatory and Punitive
What is CCA abbrevation in salary payslip?
City Compensatory Allowance
