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Regularities in purchase behavior
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Outline Stationary markets The purchase of a single brand
Patterns of purchase in the entire product category
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Stationary markets established markets tend to be stable for medium-length analysis periods; use of mathematical models to mimic actual purchase behavior; these models are based on consumer or household panel data; they can be used to provide sales norms and judge the performance of a brand;
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The purchase of a single brand
the sales equation: m = b w where: m → mean population purchase rate b → penetration w → purchase frequency
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Patterns of purchase in the entire product category
how do penetrations and purchase frequencies vary with market share? what is double jeopardy? how important are sole buyers of a brand? when consumers buy more than one brand, what determines which other brands they buy?
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