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Factors influences consumer behavior towards multi brand outlets Submitted to Submitted by Prof. L.K. Vaswani Vishal Atul Darandale (11201051) Shivshankar Biradar (11201014) Satyaranjan Suar (11201041)

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Page 1: Factors influences consumer behavior towards multi brand outlets

Factors influences consumer behavior towards

multi brand outlets

Submitted to Submitted by

Prof. L.K. Vaswani Vishal Atul Darandale (11201051)

Shivshankar Biradar (11201014)

Satyaranjan Suar (11201041)

Page 2: Factors influences consumer behavior towards multi brand outlets

EXECUTIVE SUMMARY

The project is done by Satyranjan Suar, Vishal Atul Darandale, and Biradar

Shivshankar for the fulfillment of Marketing Management subject which is

assigned for 2 credits in the MBA-RM program.

The project title was “factors influencing consumer behavior towards multiband

outlet”. For the study the Big Bazaar (Patia, BBSR) is taken as the study location,

which is a eminent multi brand outlet for the consumers of Bhubaneswar.

Objective of the study was “To find out the important factor that influences

consumer behavior towards multi brand outlet”. To achieve the objective 14

influencing factors are taken as the parameters.

Required data was collected by formal questionnaires. Accessibility, Quality

comparison, Variety, Availability of new products, Window shopping, Good

packaging, Credit card, facilities Schemes ,Time pass, Price Recommendation,

from friends and relatives, Former experience, Availability of specific brands

which are not available anywhere in city, Influencing by Advertising.

Page 3: Factors influences consumer behavior towards multi brand outlets

Table of Content

ContentsCHAPTER 1...................................................................................................................................................4

INTRODUCTION...........................................................................................................................................4

1.1 OBJECTIVE..........................................................................................................................................5

CHAPTER 2...................................................................................................................................................6

METHODOLOGY...........................................................................................................................................6

2.1 Sampling............................................................................................................................................6

2.2 Primary data collection......................................................................................................................6

2.3 Analysis..............................................................................................................................................6

2.4 Dissemination....................................................................................................................................6

CHAPTER 3...................................................................................................................................................7

FINDINGS AND ANALYSIS.............................................................................................................................7

3.1 Accessibility of BIG BAZAR.................................................................................................................7

3.2 Quality of Comparison.......................................................................................................................8

3.3. Variety of product.............................................................................................................................9

3.4 Availability of new product..............................................................................................................10

3.5 Window Shopping............................................................................................................................11

3.6 Good Packaging...............................................................................................................................12

3.7 Credit card Facility...........................................................................................................................13

3.8 Scheme...........................................................................................................................................14

3.9 Time Pass.........................................................................................................................................15

3.10 Price..............................................................................................................................................16

3.11 Recommendation by friends/ relatives..........................................................................................17

3.12 Former Experience.........................................................................................................................18

3.13 Specific Brand................................................................................................................................19

3.14 Influencing by Advertising.............................................................................................................20

3.15 Combine effect of all influencing factor.........................................................................................21

Chapter 4...................................................................................................................................................26

CONCLUSION.............................................................................................................................................26

Page 4: Factors influences consumer behavior towards multi brand outlets

Table

Table 3.1 : Grid and consumer responses towards accessibility..................................................................9

Table 3.2 Grid and consumer responses towards Quality Comparison....................................................10

Table: 3.3 Variety of Product.....................................................................................................................11

Graph: 3.4 Availability of new product......................................................................................................12

Table: 3.4 Grid and consumer responses towards Availability of new product.........................................12

Table: 3.5 Grid and consumer responses towards Window shopping.......................................................13

Table 3.6 Grid and consumer responses towards Good Packaging...........................................................14

Table: 3.7 Grid and consumer responses towards Credit card facility.......................................................15

Table 3.8 Grid and consumer responses towards Schemes.......................................................................16

Table 3.9 Grid and consumer responses towards Time Pass.....................................................................17

Table 3.10 Grid and consumer responses towards Price...........................................................................18

Table 3.11 Grid and consumer responses towards Recommendation by friends/ relatives.....................19

Table 3.12 Grid and consumer responses towards Former experience....................................................20

Table 3.13 Grid and consumer responses towards Specific Brand...........................................................21

Table 3.14 Grid and consumer responses towards Influencing by Advertising.........................................22

Table: 3.15 Combine effect of all influencing factor..................................................................................22

Chart

Chart: 3.15 Not Important influencing factors against perception............................................................24

Chart 3.16 Less Important.........................................................................................................................25

Chart: 3.17 Important................................................................................................................................26

Chart: 3.18 Very Important........................................................................................................................27

Graphs

Graph: 3.1 Accessibility of BIG BAZAAR.....................................................................................................10

Graph: 3.2 Quality Comparisons................................................................................................................10

Graph: 3.3 Variety of Product....................................................................................................................12

Graph: 3.4 Availability of new product......................................................................................................13

Page 5: Factors influences consumer behavior towards multi brand outlets

Graph: 3.5 Window shopping....................................................................................................................14

Graph:3.6 Good Packaging........................................................................................................................15

Graph: 3.7 Credit card facility....................................................................................................................16

Graph: 3.8 Schemes...................................................................................................................................17

Graph: 3.9 Time pass.................................................................................................................................18

Graph: 3.10 Price.......................................................................................................................................19

Graph: 3.11 Recommendation by friends/ relatives..................................................................................20

Graph: 3.12 Former Experience.................................................................................................................21

Graph:3.13 Specific Brand........................................................................................................................22

Graph: 3.14 Influencing by Advertising......................................................................................................23

Graph: 3.15 Not Important influencing factors against perception...........................................................25

Graph 3.16 Less Important.......................................................................................................................26

Graph: 3.17 Important...............................................................................................................................27

Graph 3.18 Very Important.......................................................................................................................28

Page 6: Factors influences consumer behavior towards multi brand outlets

CHAPTER 1

INTRODUCTION

There is nobody in the world that is left out of the class of consumers. The

consumer hood continues till one’s last breath in the world.

The consumer purchases a variety of goods and services to satisfy his wants and he

is always influenced in his purchasing activities by some considerations which lead

him to select a particular commodity or a particular retail store in preference to

others. So, consumer buying is more complex. Consumer purchases are likely to be

influenced by physiological, psychological and sociological factors. The

commodities and services are brought by the consumer to satisfy his basic needs,

for comfort, pleasure, recreation and happiness. Every individual has physiological

need such as hunger, shelter, thirst, etc., which have to be satisfied for survival.

The psychological factors like status prestige and social factors like friends,

neighbors, job and relatives influence their purchasing activities.

People bear certain beliefs and attitudes towards certain types of goods, brands of

commodities and retail outlets based on their previous experience. When there is a

need, they are able to discover some new commodities capable of satisfying their

needs. Before the commodities and brands are selected, these commodities must

compete successfully against alternatives in the market. The selection of a

particular commodity becomes important for consumer since there are wide

varieties of consumer goods in the market. Again selection of a particular

commodity depends on income of the consumer and necessity of the product to the

individual. Before the selection of the commodity purchased, an individual

requires information regarding the various sources of supply of the commodity, its

brands, relative merits and demerits, uses and value of their characteristic features

Page 7: Factors influences consumer behavior towards multi brand outlets

and services offered. The common sources through which individual gathers

information are from advertising media (television, radio and news papers),

friends, retailers in the locality, displays in shops.

1.1 OBJECTIVE To find out the important factors that influences consumer behavior towards multi brand outlets.

Page 8: Factors influences consumer behavior towards multi brand outlets

CHAPTER 2

METHODOLOGY

2.1 Sampling Project area is selected by convenient sampling. By this way BIG BAZAAR

is taken as the project area.

As the universe is not defined so a sample size of 30 respondents is taken.

The respondents are selected by perfect random sampling. Criteria for the

respondents are they must go to Big Bazaar frequently for shopping.

2.2 Primary data collection The report is based on primary data. To collect the data formal

questionnaires are used. The respondents are asked to fill up the

questionnaire form by themselves.

2.3 AnalysisAfter collection of the data analysis is done by the Microsoft excel software.

The comparison is made by different charts and functions of statistics.

2.4 Dissemination At the last the report is written according to the findings of the assigned

project and disseminated.

Page 9: Factors influences consumer behavior towards multi brand outlets

CHAPTER 3

FINDINGS AND ANALYSIS

3.1 Accessibility of BIG BAZARAccessibility is a major factor for the consumers for choosing the Big Bazaar. Perception towards the convenience to reach the outlet is tested here which shows that 17 out of 30 consumers says that it’s important. As there are many such outlets in the city it’s easy to any consumer to choose any other outlet.The below chart makes degree towards this perception visualize.

Graph: 3.1 Accessibility of BIG BAZAAR

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

16

18

Accessibility of BIG BAZAAR

No

. of

Res

po

nd

ent

Table 3.1 : Grid and consumer responses towards accessibilityGrid Accessibility

Not Importance 0

Less Important 7

Important 17

Very Important 6

Page 10: Factors influences consumer behavior towards multi brand outlets

3.2 Quality of ComparisonQuality comparison between different brands is important from the consumer’s

point of view. As the multiband outlet provides this facility so it’s an important

factor that influences the consumers towards it.

The above statement is proved by the given chart which shows that 63%

respondents says that it is important for choosing the outlet.

Graph: 3.2 Quality Comparisons

Table 3.2 Grid and consumer responses towards Quality Comparison

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

16

18

20

Quality Comparison

No. o

f Res

pond

ent

Grid Quality Comparison

Not Important 1

Less Important 3

Important 19

Very Important 7

Page 11: Factors influences consumer behavior towards multi brand outlets

3.3. Variety of productAvailability of variety of products makes a outlet more convenient for any

consumer to purchase all the required goods from one place which saves their time,

money and effort for searching them.

From the chart shown here we can conclude that 50% of the consumers’ variety Is

very important. 24% says that it’s important and so on as in the chart. Which is a

evidence for showing the degree of importance of the factor.

Graph: 3.3 Variety of Product

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

16

Variety of Product

No. o

f Res

pond

ent

Table: 3.3 Grid and consumer responses towards variety of product

Grid Variety of product

Not Important 2

Less Important 5

Important 8

Very Important 15

Page 12: Factors influences consumer behavior towards multi brand outlets

3.4 Availability of new productGenerally the new products introduced on the market are available in these

multiband outlets before than the Kirana stores. So consumers prefer the outlet to

get the new product rather than searching it from the market.

The given chart and table makes this perception clear. Here the degree of

importance of the factor is given. Maximum that is 50% of the respondent said that

it is important for them.

Graph: 3.4 Availability of new product

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

16

Availability of new product

No.

of R

espo

nden

t

Table: 3.4 Grid and consumer responses towards Availability of new product

Grid

Availability of

new product

Not Important 4

Less Important 1

Important 15

Very Important 10

Page 13: Factors influences consumer behavior towards multi brand outlets

3.5 Window ShoppingMany consumers go to the multiband outlets without any definite objective to

purchase something. As there are all products in the display they take anything

which attracts them. This concept is called the window shopping which drags the

consumers towards a multi brand outlet. In the given chart maximum respondent

i.e. 40% said that it is very important to them. So, multiband outlet changes a

typical buyer to a shopper.

Graph: 3.5 Window shopping

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

Window shopping

No. o

f Res

pond

ent

Table: 3.5 Grid and consumer responses towards Window shopping

Grid Window shopping

Not Important 2

Less Important 5

Important 11

Very Important 12

Page 14: Factors influences consumer behavior towards multi brand outlets

3.6 Good PackagingFascinating and strong packages makes the consumer attract towards the products.

Although it doesn’t effect in selling to a great extent but makes the customer happy

after selling. Packaging may make the customer loyal because it adds the value to

some extent.

Here 39% said that this is important. 24 % of the respondents said that its very

important.

Graph:3.6 Good Packaging

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

Good Packaging

No.

of R

espo

nden

t

Table 3.6 Grid and consumer responses towards Good Packaging

Grid Good Packaging

Not Important 3

Less Important 6

Important 13

Very Important 8

Page 15: Factors influences consumer behavior towards multi brand outlets

3.7 Credit card FacilityIn the modern era people are preferring card swapping rather than the cash

transactions. In the multi brand outlets swapping facility attracts people more. It

makes the customers easy to transact that much amount which is required.

The given chart shows the degree of importance of this facility. 40% customers

said that it is important, which is maximum. For 30 % of the customers it is

important.

Graph: 3.7 Credit card facility

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

Credit card facility

No. o

f Res

pond

ent

Table: 3.7 Grid and consumer responses towards Credit card facility

Grid Credit card facility

Not Important 1

Less Important 8

Important 9

Very Important 12

Page 16: Factors influences consumer behavior towards multi brand outlets

3.8 SchemeAlways there are new schemes available for sales promotion in the Big Bazaar.

The discounts and offers available in the out let is a major factor to influence the

customers to prefer the outlet.

51% of the respondents said that it is very important. Which shows to what extent

this factor is important.

Graph: 3.8 Schemes

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

16

18

Schemes

No. o

f Res

pond

ent

Table 3.8 Grid and consumer responses towards Schemes

Grid Schemes

Not Important 3

Less Important 5

Important 5

Very Important 17

Page 17: Factors influences consumer behavior towards multi brand outlets

3.9 Time PassMany people visit to the nearby mall to pass their leisure time. Youth prefer to go

to the multi brand outlet to pass their time. But from the analysis maximum people

said that this is not a important factor to go to the Big Bazaar. 39% people said that

this is not important which is maximum where as 24% said that is very important.

Graph: 3.9 Time pass

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

Time pass

No. o

f Res

pond

ent

Table 3.9 Grid and consumer responses towards Time Pass

Grid Time pass

Not Important 13

Less Important 4

Important 5

Very Important 8

Page 18: Factors influences consumer behavior towards multi brand outlets

3.10 PricePrice is a major factor for the consumers for choosing the Big Bazaar. Perception

towards the price at the outlet is tested here which shows that 50% consumers say

that it’s important. Products are available at various prices in Big Bazaar so that

many consumers gets attracted to such outlets.

Graph: 3.10 Price

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

16

Price

No. o

f Res

pond

ent

Table 3.10 Grid and consumer responses towards Price

Grid Price

Not Important 2

Less Important 6

Important 15

Very Important 7

Page 19: Factors influences consumer behavior towards multi brand outlets

3.11 Recommendation by friends/ relativesMany people prefer to purchase goods from multi brand outlets as they are

recommended for purchase goods from their friends and relatives. Near about 36%

people purchase goods from big bazaar on recommendation by friends and

relatives.

Graph: 3.11 Recommendation by friends/ relatives

Not Important Less Important Important Very Important0

2

4

6

8

10

12

Recommendations by friends/ Relatives

No. o

f Res

pond

ent

Table 3.11 Grid and consumer responses towards Recommendation by friends/ relatives

Grid

Recommendations by

friends

Not Important 7

Less Important 8

Important 11

Very Important 4

Page 20: Factors influences consumer behavior towards multi brand outlets

3.12 Former ExperiencePeople give less important for former experience of purchase goods from Big

Bazaar as they are mainly attracted from many other things such as price, discount

and all that. Near about 43% people gives less important to former experience for

purchase from this type of outlets.

Graph: 3.12 Former Experience

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

Former Experience

No. o

f Res

pond

ent

Table 3.12 Grid and consumer responses towards Former experience

Grid Former Experience

Not Important 6

Less Important 13

Important 7

Very Important 4

Page 21: Factors influences consumer behavior towards multi brand outlets

3.13 Specific BrandAs Big Bazaar is the multi brand outlet means all the brand are available at one

place. Consumer can choose specific brand from all these brands available at Big

Bazaar and for that he need not require to go to specific brand showroom or shop.

A 50% person out of 30 people gives very much important to this thing to save

their time, money.

Graph:3.13 Specific Brand

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

16

Specific Brand

No. o

f Res

pond

ent

Table 3.13 Grid and consumer responses towards Specific Brand

Grid Specific Brand

Not Important 3

Less Important 4

Important 8

Very Important 15

Page 22: Factors influences consumer behavior towards multi brand outlets

3.14 Influencing by AdvertisingAs advertising is more important thing in promotion of product and goods. Due to

this type of promotion more people gets attract towards Big Bazaar and also gets

strongly influencing due to advertising. A 36 % people give very much importance

to this attribute as they are mainly influencing by advertisement.

Graph: 3.14 Influencing by Advertising

Not Important Less Important Important Very Important0

2

4

6

8

10

12

14

Influencing by Advertising

No. o

f res

pond

ent

Table 3.14 Grid and consumer responses towards Influencing by Advertising

Grid Influencing by Advertising

Not Important 6

Less Important 6

Important 5

Very Important 13

Page 23: Factors influences consumer behavior towards multi brand outlets

3.15 Combine effect of all influencing factorBelow table shows that preference of people towards various influencing factors in

according with specified Grid points such as not importance to very importance.

Table: 3.15 Combine effect of all influencing factor

Influencing Factor

Not

Importance

Less

Important Important Very Important

Accessibility 0 7 17 6

Quality Comparison 1 3 19 7

Count of Variety 2 5 8 15

Availability of new

product 4 1 15 10

Window shopping 2 5 11 12

Good Packaging 3 6 13 8

Credit card facility 1 8 9 12

Schemes 3 5 5 17

Time pass 13 4 5 8

Price 2 6 15 7

Recommendations 7 8 11 4

Former Experience 6 13 7 4

Specific Brand 3 4 8 15

Influencing by

Advertising 6 6 5 13

Graph: 3.15 Not Important influencing factors against perception

Page 24: Factors influences consumer behavior towards multi brand outlets

Accessi

bility

Quality

Compariso

n

Count of V

ariety

Availa

bility o

f new

product

Window sh

opping

Good Packag

ing

Credit c

ard fa

cility

Schem

es

Time p

ass Price

Recommen

dations

Form

er Ex

perien

ce

Speci

fic Bran

d

Influencin

g by A

dverti

sing

02468

101214

Not Importance perception againt factor

Influencing factor

No.

of R

espo

nden

t

Chart: 3.15 Not Important influencing factors against perception

Quality Comparison2%

Count of Variety4%

Availability of new product8%

Window shopping4%

Good Packaging6%

Credit card facility2%

Schemes6%

Time pass25%

Price4%

Recommendations13%

Former Experience11%

Specific Brand6%

Influencing by Advertising11%

Not Importance

Graph 3.16 Less Important

Page 25: Factors influences consumer behavior towards multi brand outlets

Accessi

bility

Quality

Compariso

n

Count of V

ariet

y

Availa

bility o

f new

product

Window sh

opping

Good Packa

ging

Credit c

ard fa

cility

Schem

es

Time p

ass

Price

Recommen

dations

Form

er Ex

perien

ce

Spec

ific Bra

nd

Influencin

g by A

dverti

sing0

2468

101214

Chart Title

influencing factors

No.

of r

espo

nden

t

Chart 3.16 Less Important

Accessibility9%

Quality Comparison4%

Count of Variety6%

Availability of new product1%

Window shopping6%

Good Packaging7%

Credit card facility10%

Schemes6%

Time pass5%

Price7%

Recommendations10%

Former Experience16%

Specific Brand5%

Influencing by Advertising7%

Less Important

Graph: 3.17 Important

Page 26: Factors influences consumer behavior towards multi brand outlets

Accessib

ility

Quality C

omparison

Count of V

ariety

Availab

ility of n

ew product

Window shopping

Good Packagi

ng

Credit c

ard fac

ilitySch

emes

Time p

ass Price

Recommendations

Former

Experi

ence

Specific B

rand

Influencing b

y Adver

tising

0

4

8

12

16

20

Chart Title

influencing factor

No. o

f res

pond

ent

Chart: 3.17 Important

Accessibility11%

Quality Comparison13%

Count of Variety5%

Availability of new product10%

Window shopping7%Good Packaging

9%

Credit card facility6%

Schemes3%

Time pass3%

Price10%

Recommendations7%

Former Experience5%

Specific Brand5%

Influencing by Advertising3%

Important

Page 27: Factors influences consumer behavior towards multi brand outlets

Graph 3.18 Very Important

Accessi

bility

Quality C

omparison

Count of V

ariety

Availab

ility o

f new

product

Window shopping

Good Packagi

ng

Credit c

ard fa

cility

Schem

es

Time p

ass Price

Recommen

dations

Form

er Exp

erien

ce

Speci

fic Bran

d

Influencin

g by A

dvertisin

g02468

1012141618

Chart Title

Influencing factor

No.

of r

espo

nden

t

Chart: 3.18 Very Important

Accessibility4% Quality Comparison

5%

Count of Variety11%

Availability of new product7%

Window shopping9%

Good Packaging6%

Credit card facility9%

Schemes12%

Time pass6%

Price5%

Recommendations3%

Former Experience3%

Specific Brand11%

Influencing by Advertising9%

Very Inportant

Page 28: Factors influences consumer behavior towards multi brand outlets

Chapter 4

CONCLUSIONThis study concluded with some results comes out after analyzing of all first hand

data that collected by students.

Very important factor that influence the consumer behavior towards multi

brand outlet is the schemes available throughout the year for different

brands in Big Bazaar.

Then second, the quality comparison is the important factor subsequent to

schemes that influence customer behavior towards this (Big Bazaar) multi

brand outlet.