Marketing Research Proposal 2 G1
Marketing Research Proposal 2 G1
Section C – Group 1
Team Members
Ankitha Nayak B 19129
Harshitha H S 19141
Monica P M 19150
Naresh Holla 19151
Nishan N 19153
Syeda Zaiba 19180
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Table of Contents
BACKGROUND..................................................................................................................................2
WORKING DEFINITION.................................................................................................................2
DECISION MAKING CONTEXT.....................................................................................................3
RESEARCH PURPOSE.....................................................................................................................3
UNIQUE SELLING PREPOSITION................................................................................................3
RESEARCH BOUNDARY.................................................................................................................4
RESEARCH OBJECTIVE.................................................................................................................4
RESEARCH QUESTIONS.................................................................................................................4
RESEARCH APPROACH.................................................................................................................4
RESEARCH HYPOTHESIS..............................................................................................................5
SAMPLING PLAN AND SIZE..........................................................................................................5
INFORMATION RESOURCE PLANNING TABLE......................................................................6
QUESTIONNAIRE.............................................................................................................................6
DUMMY TABLE................................................................................................................................8
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BACKGROUND
This Proposal talks about the face cream which we will be taking into study. Here we have
taken herbal face cream into consideration. First, we are giving a brief description about the
product, next we will talk about the company which we have taken into consideration, we
will also talk about the features of the product. In order to find the key reason for consumers
thinking to buy herbal face cream, we have come up with various methods of collecting
information regarding it.
COMPANY PROFILE
The Holla Drug Company is an Indian company established by Holla sons in 1940 and based
in Bengaluru. It produces health care products under the name Holla Herbal
Healthcare whose products include ayurvedic ingredients. It is spread across locations
in India
The company has more than 290 researchers that utilise ayurvedic herbs and minerals Holla
Global Holdings Ltd. (HGH) is the parent of The Holla Drug Company worldwide. It is also
the global headquarters of all Holla subsidiaries.
The Company is well known for not compromising on quality and for continual product
innovation. The most thorough research and development, the most careful selection of
materials, the best manufacturing practices and the strictest quality control - all go into
making the products which are trusted by the millions of families using them.
WORKING DEFINITION
The cosmetic cream that is applied on your face to make the skin softer, less dry and also to
enhance the complexion. It provides a soothing and moisturizing effect when applied to the
skin. It is an emulsion in which the fat predominates, but the cooling effect produced when it
is applied is due to skin evaporation of water contained.
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Some characteristics of face cream should have
RESEARCH PURPOSE
1) To know whether the consumers are ready to switch to herbal face cream or not.
2) To launch the product in Mysore or not.
3) To know the usage rate of competitors products vis-a-vis herbal cosmetics.
4) To create awareness regarding the same among women about the benefits of herbal
face creams and persuade them to use the product.
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No side effects as it does not contain any harmful chemicals
It Gives Beautiful, Healthy Complexion, prevents wrinkles and age spots and reduces
acne breakouts.
Contains the features which makes the skin Smooth, Supple, Flawless, Radiant.
Environmental-Friendly as the ingredients in herbal beauty product are produced
organically.
RESEARCH BOUNDARY
The market research is to know about the current trend in the market and whether it is
suitable to launch the product in the market of Mysuru.
RESEARCH OBJECTIVE
To understand the behaviour/willingness of the customer whether they would buy
the herbal face cream with the added functionalities, in the Mysore market.
To understand whether Mysore market would be accepting herbal cosmetics
changes in such products or not.
To determine the current trend in the market in herbal face cream segment.
RESEARCH QUESTIONS
Is achieving a healthy skin important to the consumers of the targeted boundary or
area?
Which face cream do they currently use?
Gender and the age group of the consumers and also the education level in the
particular area should be studied.
It’s important to know is there any relationship between the income and the
purchasing of the product.
Do the consumers use samples before buying face cream products?
On average, how much do the consumers spend on face cream each month?
Prior usage of the face cream by the consumers and also to know whether the
consumers are open for trying out new herbal face cream?
RESEARCH APPROACH
The preliminary research approach that has been used to clarify the nature of the problem to
be solved with the concerned product category is Exploratory research approach. Exploratory
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research can add quality and insightful information to a study and is vital to a study.
Exploratory research allows the researcher to be creative in order to gain the most amount of
insight on a subject.
RESEARCH HYPOTHESIS
H0: There is no particular preference for herbal face cream.
H1: There is a particular preference for herbal face cream.
H0: The herbal face cream is not better compared to the conventional face cream.
H1: The herbal face cream is not better compared to the conventional face cream.
H0: There is no relationship between the gender and age group for the choice of
the herbal face cream
H1: There is a relationship between the gender and age group for the choice of the
herbal face cream.
H0: There is no relationship between the Income and purchasing of the face
cream.
H1: There is a relationship between the Income and purchasing of the face cream.
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INFORMATION RESOURCE PLANNING TABLE
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QUESTIONAIRE
Q7. How often do you use moisturizers or facial creams, including night creams?
Once a Day
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Twice a day
Twice in a week
Three time in a week
Q9. How do you describe your Skin Tone?
Fair
Moderate
Dark
Q12. Mark your opinion on the Herbal Face Cream statements below:
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DUMMY TABLE