Crispo. co is a potato crisp manufacturing company with a brand image built on luxury it has an online shop and retails outlet. Crispo uses social media platforms such as Instagram and TikTok for marketing purposes. However, recently the company is worried about cretin trends that encourage their customer segment to avoid unhealthy snacks due to their propensity to cause obesity and as such is looking to control cost. How can big data analytics benefit Crispo.co in its focus on customer trends and cost reduction?

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter11: Differential Analysis And Product Pricing
Section: Chapter Questions
Problem 3TIF
icon
Related questions
Question
Crispo. co is a potato crisp manufacturing company with a brand image built on luxury it has an
online shop and retails outlet. Crispo uses social media platforms such as Instagram and TikTok
for marketing purposes. However, recently the company is worried about cretin trends that
encourage their customer segment to avoid unhealthy snacks due to their propensity to cause
obesity and as such is looking to control cost.
How can big data analytics benefit Crispo.co in its focus on customer trends and cost
reduction?
Transcribed Image Text:Crispo. co is a potato crisp manufacturing company with a brand image built on luxury it has an online shop and retails outlet. Crispo uses social media platforms such as Instagram and TikTok for marketing purposes. However, recently the company is worried about cretin trends that encourage their customer segment to avoid unhealthy snacks due to their propensity to cause obesity and as such is looking to control cost. How can big data analytics benefit Crispo.co in its focus on customer trends and cost reduction?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Pricing Decisions
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Business/Professional Ethics Directors/Executives…
Business/Professional Ethics Directors/Executives…
Accounting
ISBN:
9781337485913
Author:
BROOKS
Publisher:
Cengage