Discussion Questions – Week 3
1. How
did Kroger use the market basket analysis method?
Kroger had a loyalty program
that sent its customers coupons specific to their shopping tendencies. These coupons relate to things they
have purchased before.
2. Why
is market basket analysis so popular in the retail industry?
Market Basket analytics is
popular because retailers choose which offers to put on certain
items based on their selling rate. Market basket gains this info and it helps towards which items they want to
bundle too.
3. How
easy is it to run a market basket analysis?
Running a Market Basket analysis
is inexpensive and easy
4. What
is the first thing that you see when walking into this supermarket?
Paper Towel Sales, Large amounts
of mixed items in a ‘Bucket’
5. Which
method was introduced in the report?
The Market Basket analysis
method
6. Based
on your shopping experience or direct observation, which Maine-based grocery
store is the best player in market basket analysis? Why? Use pictures if you can.
Based on my experiences,
Hannaford is the go-to place for me. Once of twice a month my roommate
will come home from work with stacks of pages from the paper which are
coupons and such for groceries and other essential items. Based on my location,
Hannaford
is the closest place for me to shop. As a result of being so close, I feel that
I see more coupons for Hannaford than any
other store around my area.
7. Who
should be responsible for the overconsumption of sugar?
It and adults job to influence
our youth about the high use of sugar.
8. Do
you believe if the government should regulate the sugar advertising?
I do. There are too many studies
that have proven the overuse and consumption of sugar within
products. The government should assign this issue to the FDA.
9. Identify
the stages in the ethical decision-making framework in Chapter 4 and describe
how ethics can be integrated into the snack industry’s advertising strategy?
a) Identify the issue, Research
and get more info on the issue. Communicate with the stakeholders,
Brainstorm for alternatives, Decide, together, on what steps need to be made to fix
the issue.
b) The snack industry needs to
change. I understand these snacks are adored by kids; however
when sugar becomes a health issue, steps need to be made. Companies should strive to be more
sustainable and uses higher-quality and healthier ingredients in their
snacks and foods.
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