Consumer researchers have established that most buyers of fast-moving consumer goods such as packaged foods practice multi-brand purchas-ing. Analyses of such products show that most consumers tend to purchase a variety of brands within a product category, selecting among a small “repertoire ” of brands rather than being exclusively loyal to a single brand (Ehrenberg, 1988). Research generally shows that in stationary conditions (i.e., the absence of any marked short-term trend in sales) only a few consumers acquire a given brand on consecutive shopping occasions; (b) most consumers buy several different brands, selecting them apparently randomly from a subset or ‘repertoire ’ of known, tried and tested brands. At the brand level, (c) each ...