Abstract
The case deals with forecasting the market demand for a leading brand of vegetable oil called "Vanaspati." The problem is viewed from the point of view of a company that controls a substantial market share of this product in India. Students are asked to prepare a longterm forecast of the company's market share. To be able to do this, they must first estimate the national demand for "Vanaspati" for the target year. A logarithmic model using income as the independent variable is the main tool of analysis. The students are exposed to the concepts of income elasticity, price elasticity and cross elasticity.
Additional Information
| Product Type | Case |
|---|---|
| Reference No. | ECO0019 |
| Title | Hindustan Lever Limited ** |
| Pages | 13 |
| Published on | Jan 1, 1970 |
| Year of Event | 1957 |
| Authors | Paul, S; Rao, N N Venkata; |
| Area | Economics (ECO) |
| Discipline | Economics, Marketing |
| Sector | Manufacturing |
| Country | India |
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