Agreement of Program Terms
Agreement of Program Terms
(IMSAR)
Getting a report ready requires the work and effort of many people.
I would like to thank all those who have contributed in completing
this report.
(Varsha)
INDEX
1. Executive summary
3. Review of Literature
5. Research methodology
7. findings
9. Conclusion
10. Limitations
11. Annexure
EXECUTIVE SUMMARY
Brands work by facilitating and making more effective the consumer's choice
process. Brands have a social and emotional value for the users. They have a
personality and speak for the user. They enhance the perceived utility and
desirability of a product. Brands have the ability to add or subtract the
perceived value of a product. Children today are extremely aware of the
various brands in the market and are conscious of the products they use or
consume. They pick and choose carefully according to their needs, style
preferences, etc. They also exercise a lot of independence in decision -
making and influence the family buying behavior. Today's kids are well
informed, better than their parents. That is why the topic “A Study on Brand
Consciousness among Children and Its Effect on Family Buying
Behavior” has been selected. The main objectives of this project are to study
the level of brand consciousness of electronic goods among children in the
age group of 8 - 16 years, residing in Haryana, To analyses the effect of
brand consciousness among children in the family buying behaviour, To
examine whether unbranded products provide same satisfaction as branded
products and customers' preference for unbranded products. And to offer
valuable suggestions to the marketer that would help in product planning,
product promotion and product pricing.
This research work is based on the exploratory research design .the data has
been collected from primary and secondary sources. The primary data is
collected from question are and secondary data is obtained from magazines,
newspapers and websites. The Universe of this project consists of Children in
the age group of 8 years to 16 years. The Sample size for this project is 50
children and 50 parents.
This project is not free from limitations like small sample size, so the sample
may not be truly representative of the population,
The questionnaires were to be filled independently by the children; only
children from eight years upwards were included in the study. This is
because, they need to read, comprehend and answer the questions. Data
collection was a difficult task. Many questionnaires were distributed, but all
were not returned. Despite of all these limitations an effort has been made to
make this research work more representative.
After analyzing the data it is found that there is a very high degree
of brand awareness among children. To be specific even children as young as
eight year olds had given names of at least three well-known brands.
Children do not enjoy independence in decision
Majority of the parents have said that their children insist for branded items
at some point.
Most of the parents consider their children's opinion
sometimes while purchasing electronic goods. Parents have expressed that
children's suggestions are valuable to them at a moderate level while making
purchases for the family. So it concluded that brand play very vital role in
family while purchasing electronic goods. They don’t mind paying extra for
branded products, as they get value for money. Children also affect in family
buying behavior because children are also very conscious towards brands.
Chapter 1.
INTRODUCTION TO PROJECT
Consumer Behavior
Culture is learned behavior that has been passed down over time, reinforced in our
daily lives through the family unit and through educational and religious
institutions. Cultural influences, therefore, are powerful ones and if a company
does not understand the culture in which a particular market operates, it cannot
hope to develop products and market them successfully in that market.
Social Class
This is the most prominent social influence. Traditionally, one of the chief
determinants of social class was income. Since pay structures have a great deal in
terms of the lower C2, D and E categories moving more towards level previously
enjoyed by the higher A, B and C1 categories over past thirty years or so,
classification of consumers on the basis of lifestyle is becoming more meaningful
today. Income aside, social class is an indicator of life-style and its existence exerts
a strong influence on individual consumer and their behavior.
Reference Groups
This can be described as a group of people whose standards of conduct
mould an individual disposition, beliefs and values. This group can be
small or large. Reference group can range from the immediate family to
individual is unlikely to deviate too far from the behaviors norms laid down
by the members of a club or hobby group. Reference group theory not state
that individualism can not exit within a group but it does suggest that even
rigid independent thinkers will at least be aware of what is considered
normal within a group.
In a small group be the family the advice and opinion of these who
are regarded as knowledge will be highly regarded. Such people are termed
opinion leaders. Extraneous to groups’ influences might also be at the work
in opinion forming, and here there is the existence of opinion leaders who
are outside of the immediate group. The opinion followers take up their
opinions. In the case of a number of products, deliberate direct appeal is
made to the so-called snob appeal. This is done by using marketing of
company’s products acceptable to opinion leaders, or famous personalities
(Who are paid for their endorsement) in the hope that other sectors of the
population will follow them.
The family life cycle traditionally contains six stages, although more
recently different division has been quoted. These divisions are:
Psychological
Input
Culture
Attitude
Learning
Perception
Problem Recognition
Information Search
Evaluation of Alternatives
Purchase Decisions
Post Purchase Behavior
REVIEW OF LITERATURE
REVIEW OF LITERATURE
* Dr. M. H. Salim **Mr. Praven Raj D.
The dawn of new century has seen India emerging as one of the largest markets for
commodities and services. Corporate now recognized that its real value lies not in
production and distribution, but out side the business itself i.e., in the minds of potential
buyers. After realizing the fact, they started givingdue consideration for brands and the
equity they create in the market and in the consumer minds. Fewstudies deal with the role
of children in the family buying process. The present study has two dimensions to it, viz,
a) study the level of brand consciousness among children, and b) Its effects on family
buying behaviour.
The researchers also made an attempt to know: what the consumer is actually looking for
in branded products, whether Indian consumers value only branded products or give equal
value for unbranded quality products. In this study a sample of 150 children and 150
parents are taken and data was collected through convenience sampling technique by a
structured questionnaire. This study was conducted in the Thiruvananthapuram and Kochi
districts in Kerala. The responses are presented in the form of statistical tables for clear
and easy comprehension. The researcher on the basis of findings has given valuable
suggestions to the marketer that would help in product planning, product promotion, and
product pricing.
* Director, Allama Iqbal Institute of Management, Trivandrum
The research paper is about the impact of branding on consumer behavior. Brand
knowledge is a very important factor. As the consumer is more aware of the brand and he
has all the knowledge about its price, quality etc., the more he will be attracted towards
that brand. The loyalty level increases with the age. Family is the most influential
reference group. The consumers, who are more social, are affected by their friends like on
Facebook. The consumers who are more status conscious are more status conspicuous than
those who are not status conscious. The next part is of methodology and analysis.
According to the research, all the factors are statistically significant but just gender is the
only variable which is not statistically significant and its value is different from the 0. In
the reliability table, it is calculated that the research validity and reliability is 89.6% which
is great. In the end, it is concluded that the branding impacts the consumer behavior in
relation to the different dependent and independent variables.
'Brand', 'Brand Name', 'Brand Equity', and ‘Brand Loyalty' are
forces or terms tat affects a business. Product features can be easily
copied; therefore brands are considered a marketer's tool for creating
product differentiation. Brands differentiate products and represent a
promise of value. Brands incite beliefs, evoke emotions, and prompt
behavior.
People buy products, but which products they buy and how they
make a buying decision have a lot to do with how they feel about the
brand. Products are what the company makes, what the customer buys
is a brand. Brands work by facilitating and making more effective the
consumer's choice process. Brands have a social and emotional value
for the users. They have a personality and speak for the user. They
enhance the perceived utility and desirability of a product. Brands
have the ability to add or subtract the perceived value of a product.
Consumers expect to pay lower prices for unbranded products or for
those with low brand equities. On the other hand, they are ready to
pay a premium for their favorite or socially valued brands.
Chapter 3.
Objective of the study
Research Design
Type of Research
Method of data collection
Sampling
RESEARCH METHODOLOGY
2. PERIOD OF STUDY
The collection of data began from the month of February 2007 and was
completed in aprail2007. The research report pertains to the year April
2007.
PROFILE OF RESPONDENTS
This study is based on findings of a survey of 50 children and their
parents spread in Haryana. The children were in the age group of 8 to 16
years. Both 'boys and girls were selected at random within the age group
mentioned, using convenience-sampling method. The children were
mostly from middle class and upper middle class strata of the society.
Further, the respondents being children, items / products used by children
where they may have substantial degree of influence in the buying
process, have been specifically reflected to in the questionnaire, although,
a few questions do ask about their influence in purchase decision process
of other items used by the family.
Children today are extremely aware of the various brands in the market and are conscious
of the products they use or consume. They pick and choose carefully according to their
needs, style preferences, etc. They also exercise a lot of independence in decision - making
and influence the family buying behavior. Today's kids are well informed, better than their
parents. This is because virtually from birth today's children are exposed to TV
commercials, banner ads, billboards, logos, and product promotions. Through this study,
the researcher wishes to provide valuable insights to the marketers on the level of brand
consciousness among children and its influence on the family buying behavior. Thus,
enabling them to devise their marketing strategies based on the findings. Further, the
researcher also wishes to study what the consumer is actually looking for in a branded
product, whether Indian consumers value only branded products or give equal value for
unbranded quality products.
3. Collection of Data
The data has been collected from primary and secondary sources.
Primary data was collected using two sets of questionnaires for kids and
their and parents. One administered to the child to study the level of brand
consciousness, and the second administered to the parent to study the
impact on the family buying behaviors. In order to have adequate
representation of children of all ages and gender, the researcher
approached a school in the area and collected data in a structured manner
from third standard students up to tenth standard students.
Secondary data was collected from Previous
Dissertation Research Papers/Marketing Journals/Magazines,
Text Books &. Websites.
Sampling Technique
DATA ANALYSIS
AND
INTERPRETATION
Always: - 10
Sometime: - 30
Never: - 10
INTERPRETATION
High level: - 12
Medium level: - 31
Not at all: - 7
INTERPRETATION:-
High level: - 16
Medium level: - 27
Not at all: - 7
INTERPRETATION
It is evident from the graph given above that brand awareness amongst
children is helpful to parents to some extent, as about 76% of respondents
have opted for it. 19% of respondents said it is highly helpful. While only
5% of respondents feel it does not help at all.
Que.4 Do you live in a
Joint Family 35
Nuclear Family 15
INTERPRETATION
Graph show that most of the family lives in the joint family that’s
why suggestion of children does not that much matter because other
member of the family also influence purchasing decision. Graph show
that 35 family lives in joint families and rest lives in nuclear.
ANALYSIS OF CHILDREN AS A RESPONDENT
INTERPRETATION:-
INTERPRETATION
The table shows that parents play major role in purchasing
electronic products. Children do not enjoy independence in
decision making for all the items listed as most of them have opted
'not for all'. But other members also influence buying decision.
Que.5 Does your Parents' agree with your decision to buy
an electronic product?
Yes: - 18
No: - 32
35
30
25
20 Yes
15 No
10
5
0
INTERPRETATION:-
Parents do not agree with all that the child buys, but approve most
of them. A very negligible percent do not approve of their child's
choice.
Que.6 Does purchasing a particular brand give you a sense
of satisfaction?
Yes: - 33
No: - 17
INTERPRETATION:-
Most of the respondents said that selecting a particular brand gives
them a sense of satisfaction.
Que.7 Reasons for preferring a branded item?
Quality: - 35
Prestige: - 12
Fashion: - 3
INTERPRETATION:-
The most important reason that respondents prefer buying branded
products is for quality. About prefer the brand because it attracts
them and about prefer because of fashion.
Que.8 what are the parameters of your Buying decision?
Popularity: - 7
Price: - 8
Quality: - 26
Durability: - 9
INTERPRETATION:-
All the variables listed in the table help in choosing a brand
constituting of respondents, however, 'quality' is the most
important individual factor that helps in choosing a brand. It is
followed by popularity of the brand. Price is least important factor
according to the respondents. Unbranded products vs. branded
products
Que.9. Depicts respondents' perception of unbranded
products.
Yes: - 35.
No: - 15.
INTERPRETATION:-
Child as respondent
The sample size is 50, of which 48respondents (97%) are aware of
brands. It is clear that there is a very high degree . of brand
awareness among children. To be specific even children as young
as eight year olds had given names of at least three well-known
brands.
Children do not enjoy independence in decision making for all the
items listed in the questionnaire, as most of them (57.2%) have
ticked 'not for all'. But sizeable respondents (39.6%) have said 'yes'
that they decide independently Good Quality' is the foremost
reason for buying a branded item (45.5%), followed by reliability
(15.8%). About 29.7% of respondents feel that all the aspects are
important to them.
81.1 % respondents said they don't mind paying more for a
branded product as they get value for money.
67.6% have expressed that unbranded products provide same
satisfaction as that of branded products. 32% indicated that they
do not qualify the norms of branded products.
Parent as respondent
55.9% of the parents have said that their children insist for
branded items at some point of time, 29.7% of respondents said
'yes they insist' and 14% of respondents said 'no' they do not insist
or branded items.
65.8% of the parents consider their children's opinion sometimes
while purchasing durable goods mentioned in the table. About
16.7% always take into consideration their children's opinion
Girls are more conservative and buy mostly when in need of things.
Both boys and girls invariably consult family members in purchase
decisions. Children prefer branded products for items like watches clothes
and shoes.
Although unbranded products sometimes give same satisfaction as
branded products, customers would still prefer to purchase a branded
product.
Chapter 8.
SUGGESTIONS
Getting parents to agree with them. Peer pressure works more in boys.
Girls are more conservative and buy mostly when in need of things.
Both boys and girls invariably consult family members in purchase
decisions. Children prefer branded products for items like watches clothes
and shoes.
Although unbranded products sometimes give same satisfaction as
branded products, customers would still prefer to purchase a branded
product?
Chapter 9.
LIMITATIONS OF THE STUDY
The universe being large, the study was restricted to children residing in a
few cities of Haryana
The sample size is only 50children and 50 parents, so the sample may not
be truly representative of the population.
The questionnaires were to be filled independently by the children; only
children from eight years upwards were included in the study. This is
because, they need to read, comprehend and answer the questions.
The maximum age limit considered is 16 years; otherwise the scope of the
study would become extremely large.
Data collection was a difficult task. Many questionnaires were
distributed, but all were not returned. Some came back with only either
the child's part or the parent's part filled. Some had not filled all the
answers.
The above limitations serve as impediments for 100% accuracy in
analysis.
Chapter 10.
ANNEXURE
Bibliography
Appendices
BIBLIOGRAPHY
Text books.
.
1. Philip Kotler, 'Marketing Management', Prentice-Hall of India
Private Ltd., New Delhi, Eleventh Edition, 2003
2. Schiffman, 'ConsumerBehaviour
3. Marketing management, T.N Chabra
Newspapers
Websites
www.google.com
www.yahoo.com
Chapter 11.
QUESTIONNARE FOR KIDS
Any other
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Durability
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