Sunday 17 April 2011

Student Research Project #2

Why did I choose this experiment?

I have chosen this experiment because it caught my attention, I am interested in knowing whether there is a difference in time, and if so, I shall find out whether my hypothesis is correct. I presume that the higher the quality, the faster the chocolate will melt, therefore the most expensive chocolate will melt at a faster pace than the other two chocolates which are not of the same price range.

An issue to be aware of!

Stores such as Woolworths and Coles are experts when it comes to pricing products and selling products. I had to be careful when it came to deciding which chocolate I should buy, mainly because there are many specials and it is difficult to figure out which price category each chocolate belongs to because of this particular reason. You have to be cautious when it comes to buying products specifically when there are specials.

These everyday market stores are specialists when persuading consumers to buy the products which they have on offer. A lot of adjectives are put forth and this can mislead consumers and entice them to buy products which they may not need, and buy products which are overpriced.

When shopping for the chocolates I had to confirm what the price ranges were, and then choose which of them were the most suitable choice for this experiment. One way to help classify the ranges which are available is by looking at the packaging. If the packaging is appealing and gives a good impression upon you as a consumer, the product could be of higher quality. If however there is a product which appears to be very plain and not at all eye-catching then this product could be of lesser quality.

Another way in which you can classify the price range which a product belongs, is by looking at the name of the brand/company which it belongs to. If it belongs to a company which is very well known then it is most likely that this product is of higher quality and is more expensive than a product which belongs to a company which is not at all common, and that most people haven't heard of. An example of this would be Cadbury compared to a company from overseas which most people aren't familiar with and cannot be found at common stores such as Woolworths and Coles. 

 

 




Common stores are consequently racking in the money. Good advertisements can really make a difference, if the advertisment is outstanding then the product can be made or broken.

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