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Code RED. Relevance. Expensiveness. Differentiation.
The Best Measures for Choosing High Potential Consumer Goods Concepts.
This paper offers solid evidence that Relevance, Expensiveness and Differentiation -- what we call the RED measures -- are superior measures for concept evaluation because they avoid pitfalls typically associated with the traditional Purchase Intent measure. Specifically:
- Our RED measures are less sensitive than Purchase Intent to executional differences in concepts, such as package image and price
- Unlike Purchase Intent, our RED measures do not favor line extensions nor do they easily dismiss breakthrough and niche products that have a good chance of success.
Find out more about the R&D Ipsos Marketing conducted that proves the value of Relevance, Expensive and Differentiation in new product evaluation by downloading this Point of View.
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