Buiness Intel

Business Intel
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Institution
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Prices of other consumer-related products are correlated to the boxed beef cutout values as it affects the decision of the buyers. If the prices of other consumer goods are higher compared to the boxed beef cutouts, the buyers will opt for BBC. However, lower prices of other consumer goods will reduce the demand for the boxed beef cutouts. It is essential to note consumers are assumed to be rational decision makers and the price is a significant factor in consumption pattern of the buyers (Himbert, 2016). Prices affect the ability to buy, prices of other consumer-related products is the most influential variable correlated to the boxed beef cutouts.
Consumers’ confidence index indicates the level of optimism on the economic conditions, and it is based on the level of spending and savings. A high consumer confidence index leads to high spending behaviour; therefore, it is positively correlated to the boxed beef cutouts. On the other hand, a lower consumer confidence index is negatively correlated to the boxed beef cutouts as there is increased savings and minimal spending in commodities. Notably, the consumer confidence is affected by prevailing economic conditions such as general price, employment level and inflation; therefore, it is the second most significant factor after prices (Busby & Dow, 2009).
Facebook posts provide information and awareness among the potential buyers about the boxed beet cutouts. Consumers are influenced by external stimuli such as advertisements that affect buying decisions and consumption behavior (Information Resources Management Association, 2015).

Thus, creating appealing Facebook posts will create an incentive for the consumers that are significantly correlated to the value of boxed beef cutouts. If a significant portion of the consumers is aware of the products and their characteristics, it will increase the demand and prices of the boxed beef cutouts. Hence, the Facebook post is the third most influential factor that influences the value of the boxed beef cutouts.
References
Busby, T. L., & Dow, P. B. (2009). Trade to win: Proven strategies to make money. Hoboken, N.J: John Wiley.
Himbert, L. (2016). Unit Pricing: Empirical Investigations of its Influences at the Product and Retailer Levels. (Springer eBooks 2016 [recurso electrónico].)
Information Resources Management Association. (2015). Marketing and consumer behavior: Concepts, methodologies, tools, and applications.