A Study On Consumer Buying Behaviour
A Study On Consumer Buying Behaviour
Submitted by
Submitted to the
FACULTY OF MANAGEMENT STUDIES
MARKETING MANAGEMENT
ANNA UNIVERSITY:: CHENNAI 600 025
JUNE 2011
BONAFIDE CERTIFICATE
work of MR.SATHYANANTHAM.U who carried out the project work under my supervision. Certified further, that to the best of my knowledge the work reported herein does not form part of any other project report or dissertation on the basis of which a degree or award was conferred on an earlier occasion on this or any other candidate.
SIGNATURE SIGNATURE
SUPERVISOR
Karpaga Vinayaga College of Engineering & Technology G.S.T.Road, Karpaga Vinayaga Nagar, Chinnakolambakkam, Palayanoor Post, Madhuranthagam (T.K), Kancheepuram District 603308.
Karpaga Vinayaga College of Engineering & Technology G.S.T.Road, Karpaga Vinayaga Nagar, Chinnakolambakkam, Palayanoor Post, Madhuranthagam (T.K), Kancheepuram District 603308.
INTERNAL EXAMINER
EXTERNAL EXAMINER
DECLARATION
I, SATHYANANTHAM.U, hereby declare that this project entitled A
STUDY ON CONSUMER BUYING BEHAVIOUR IN TIKONA DIGITAL NETWORKS (P) LTD has been prepared under the guidance of
MS.R.G.NITHYA, faculty, Department of Management Studies Karpaga vinayaga College of Engineering & Technology - Maduranthagam, in partial fulfillment of the requirements of the MBA program of Anna University for JUNE 2011.
Place: Date:
SATHYANANTHAM.U
ABSTRACT
The project for TIKONA DIGITAL NETWORKS (P) LTD is aimed for successful functioning of the organization. The researcher collected the primary information required for the study through a structured questionnaire. Website and books are the main part of secondary data. The nature of the study was descriptive. The sampling method used is convenience Sampling. The sampling size was 100 Respon dents. This includes only consumers. The researcher while analyzing converted data made use of simple tabulations, percentage, correlation, chi -square test. The need of the study is to study the CONSUMER BUYING BEHAVIOUR for successful functioning of TIKONA DIGITAL NETWORKS (P) LTD. Finally, the last two chapter deal with the finding from the survey and the suggestion to the company is given followed by the conclusion.
ACKNOWLEDGEMENT
With profound gratitude and due regards I whole heartedly and sincerely acknowledge with thanks the opportunity provided to me by our Respectful
Director Tmt. Meenakshi Annamalai for allowing me to do this project in
I thank our respectable Advisor Prof. V.C. Ravichandran for his effective advice and support for pla nning and processing of the project. I thank our dedicated Principal Dr. V. Ilangovan for his valuable suggestions and timely advice which helped me in completing this project on schedule. I thank our Dean (Administration) Prof. T. Rangarajalu for his unrelenting support and guidance and useful tips for completing the project. I thank our Dean (MBA) Prof. J. Nirmal Joseph for his remorseless support and guidance and useful tips for completing the project. I thank our Head of the Department Prof. Dr. V. Vaidyanathan for his pain taking efforts and very encouraging and proper guidance without which this project could not have been completed. I would like to extend my hearty gratitude to My Guide , Lecturer,
Ms.R.G.Nithya for instructing, guiding and encouraging me carrying out this
project work. I highly intended to my parents and all my dear ones without whose constant love and encouragement all these would not have been possible.
CONTENTS
ABSTRACT ACKNOWLEDGEMENT LIST OF TABLES LIST OF FIGURES i ii iii iv
CONTENTS
PAGE NO 1 2 3 5 8 9 10 11 12 23 25 26 29 54 56 57 58 59
1.2 Statement of the Problem 1.3 Company Profile 1.4 Product Profile 1.5 Objectives Of The Study 1.6 Need For The Study 1.7 Scope Of The Study 1.8 Limitations Of The Study 2 3 2.1 Review of Literature 3.1 Research Methodology 3.2 Method Of Data Collection 3.3 Tools Of Analysis 4 4.1 Data Analysis And Interpretation 4.2 Findings Of The Study 5 5.1 Suggestions 5.2 Conclusion Bibliography Appendix
LIST OF TABLES
TABLE. CONTENTS NO Age Profile of the Sample Population 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Qualification of the Respondents Income Level of the customers Consumers using internet connection Showing the users intending internet connection Different uses of Internet Showing the users of particular company Existing users of Tikona wireless broadband Tikona brand awareness Source of brand awareness Users those who collect information before making purchase Word of mouth referrals by friends/ relatives Influence of Advertisements on Buying Decision of Consumers Preference by consumers regarding the features of brand Influence of Different Sources of Information on consumer buying decision Influence of different attributes of information on consumer buying decision Satisfaction with Tikona wireless broadband in comparison with other brands Tikona performance in terms of after sales service Tikona performance in terms of maintenance Tikona performance in terms of consumer expectation PAGE. NO 30 31 32 33 34 35 36 37 38 39 40 41 42 43 45 46 47 48 49 50
LIST OF FIGURES
TABLE. CONTENTS NO Age Profile of the Sample Population 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Qualification of the Respondents Income Level of the customers Consumers using internet connection Showing the users intending internet connection Different uses of Internet Showing the users of particular company Existing users of Tikona wireless broadband Tikona brand awareness Source of brand awareness Users those who collect information before making purchase Word of mouth referrals by friends/ relatives Influence of Advertisements on Buying Decision of Consumers Preference by consumers regarding the features of brand Influence of Different Sources of Information on consumer buying decision Influence of different attributes of information on consumer buying decision Satisfaction with Tikona wireless broadband in comparison with other brands Tikona performance in terms of after sales service Tikona performance in terms of maintenance Tikona performance in terms of consumer expectation
PAGE. NO 30 31 32 33 34 35 36 37 38 39 40 41 42 44 45 46 47 48 49 50
Tikona Digital Networks (TDN) is engaged in building the next generation wireless broadband services for home and enterprise customers in India. TDN has an all India Class-A ISP license granted by the Ministry of Communications, Govt. of India, for this purpose. TDN envisions a powerful Broadband-enabled India and will make all possible contribution to make this happen.
TDN would also be building a comprehensive services framework that can deliver leading edge voice, video, IT applications and multimedia content services over any broadband or IPcentric network. Such a framework can be outsourced by service providers globally, who desire to offer next generation services to their customers. TDN has engaged the best-in-class technology partners to build the required capability frameworks.
Innovation is our driving force and we create environment for the young talent in our company to conceive and incubate new ideas in order to develop and deliver useful services and solutions for our customers, thereby sustaining our competitive advantages.
TDN was founded in mid 2008 by veterans from the telecom industry, who have built some of the largest networks in India for mobile, enterprise, broadband and DTH services. TDN is adequately funded by top-end global investors and is committed to comply with the highest standards of corporate governance. Prakash Bajpai Founder,MD&CEO
Prakash Bajpai has a rich 31 years of experience in IT and Telecom Industry. He has been instrumental in building and leading organizations and business with revenueof more than $2billion.
An engineering graduate from Delhi University, Prakash started his career with I BM as an electronics engineer. He then moved to Phillips, where he was involved in the launch of color TV transmission in India. He was one of the first few employees of Tata Telecom. His experience cuts across geographies as he worked with AT&T Network Systems in the US. Post returning to India, he spearheaded the Marketing, Sales & Network Planning activities at Tata
Lucent Technologies. He then joined Hughes Telecom as President & CEO where he pioneered India's first Integrated Broadband Network in Maharashtra & Goa. He also led
Hughes Telecom to launch India's first IPO (US$ 225 m) in the telecom sector. Prior to launching Tikona, Prakash was the President and CEO at Reliance Communications, where he was responsible for the Broadband, Enterprise, Data Center, PCO and DTH businesses of the company.
Prakash has also attained graduation from a number of in-house Management Programs conducted by the AT&T School of Business Management including mini-MBA in Financial Management
Tarun has over 19 years of industry experience spanning in IT, broadband and digital broadcast technologies. He has successfully deployed and managed operations of many technology intensive projects including enterprise and retail broadband BSS, cutting edge Interactive IPTV over metro Ethernet network, service delivery platforms for New-age products and broadband radio access networks.
Tarun is an electronics and communication engineer with M Tech (Integrated Electronics) from Indian Institute of Technology (1990 batch).
y y y
Details Monthly plan charges Installation charges Modem rental Free usage Guaranteed maximum bill amount Subscription amount Maximum PC Registration Maximum simultaneous PC connections
FIXED MONTHLY CHARGE PLANS Details Monthly plan charges Installation charges Bonus Bandwidth of 2Mbps(MBs/month) Speed beyond Free usage Charges during Subscription amount Maximum PC Registration Maximum simultaneous PC 256 NILL 1213 8 2 512 NILL 1433 8 3 750 NILL 2205 8 4 1024 NILL 3308 8 5 FMC599 599 500 4000 FMC799 7899 500 8000 FMC1499 1499 500 15000 FMC2499 2499 500 50000
Details
UNLTD 549
Plan charges Installation charges Download speed Subscription amount Maximum PC registration Maximum simultaneous PC connections
549 500
300
600
750
1024
2048
300
1157
1267
1433
2095
4411
2095
16
To find out what marketing strategies should be undertaken to increase the market share of the brand.
The survey was conducted among different groups and all possible local areas in Chennai were considered for the study. The sample size was of 100 people who included people from various age groups and different income levels. The data was collected through filling of questionnaire and interview.
The survey helped in understanding the various factors that influenced the buying decisions of the customers and understanding their needs when it comes to wireless broadband internet connection.
This study helps to understand the satisfactory level of consumers towards the brand. This study helps in understanding the consumer attitudes and their buying motives by means of company brand image.
This study is restricted to marketing area. Time is the major limitation of this study . This study is performed only for a period of 90 days. Convenience sampling is used in this study. Less number of consumers are taken as sample in this study i.e. 100 Respondents. Information collected is ineffective for consideration becasuse due to less number of samples.
THEORITICAL REVIEW: Consumer is the king and it is the consumer who determines what a business is. Therefore, a sound marketing program should start with a careful analysis of the habits, attitudes, motives and needs of consumers. Consumer behaviour is prerequisite though the process is highly complicated. At the same time, a firms ability to establish and maintain satisfying exchange relationships depends on the level of understanding of buying behaviour. Thus, buying behaviour is the decision process and acts of people involved in buying and using products.
marketing strategies.
y Secondly, the proof of establishing consumer orientation in the marketing. This is known only
when marketing mix is developed to include positive answers to the questions listed in the beginning of this chapter.
y Thirdly, by gaining a better understanding of the factors that affect buyer behaviour, marketers
are in a better position to predict how consumers will respond to marketing strategies.
y Finally, consumer is the principala priori of business. The efficiency with which a free
market system of enterprise operates, in the last analysis, depends upon the extent of consumer understanding possessed by the business cannot possibly fulfill its obligations in a meaningful and responsive manner. This is exactly the reason why consumer behaviour is given importance in modern marketing.
1. Routine decision behaviour - is usually found in the cases of frequently purchased and low-cost items. Lengthy search for products is not attempted and hence the decision effort needed is only minimum. Though consumers are branding conscious. They are also aware of alternative brands, for instance, if you intended to buy a particular would switch over to a second preferred brand of their choice. Thus, products that are bought through routine response behaviour are purchased quickly with very little mental effort. 2. Limited decision-making - is pertinent in the case of purchases made by the consumers less frequently. The investment needed also will be comparably high. Hence, the consumers may acquire information about all possible brands and some amount of mental exercises would follow to arrive at a decision about all possible brands and some of a television set makes the consumer to examine various models and brands, make casual enquiries with the neighborowners and discuss with family members is also considered at length. Thus, limited decisionmaking requires a moderate amount of time for information gathering and deliberation. 3. Extensive decision-making _is required when a consumer wants to purchase unfamiliar products which is totally new, having high unit value and bought preferably once in his life time. Before such a product is bought, the consumer uses many criteria for evaluating alternative brands and substitute products and spends much time in seeking information and deciding on the purchase. Decisions on construction complex type of consumer decisionmaking behaviour. An interesting but a notable point in this connection is that the type of decision-making need not necessarily remain constant. The following illustrates the variations more clearly.
Degree of Search Level of Prior Experienc e Frequency of Purchase Amount of Perceived Risk Time Pressure
Very High
Moderate
Very Low
(1)
Personal Factor:
These include factors unique to a particular person. Numerous personal factors
influence purchase decisions: (a) Demographics Individual characteristics such as age, sex, race, ethnicity, income, occupation and family life cycle are called demographics. These have a bearing on who is involved in family decision-making. (b) Life styles Life style means an individuals pattern of living expressed through activities, interests and opinions. Life style patterns include the ways people spend-time, the extent of their interaction with others, and their general outlook on life and living, people partly determine their own life styles and partly these are shaped by personality and demographics. (c) Situation. Situational factors are influences resulting from circumstances, time and location that affect the consumer buying behaviour.
(2) Social factors: The factors that other people exert on buying behaviour are called
social factors. These factors are as follows (a) Roles and Family Role means the activities that a person is supposed to perform. A person occupies several positions and, therefore, he/she has many roles. (b) Reference Group A reference group is any group that exercises a positive are three major types of reference groupsmembership, aspiration and dissociative. A reference group may serve as an individual, point of comparison and source of information.
(c) Opinion leader The reference group members who provides information about a specific share that interests members of the group is called opinion leader. An opinion leader is likely to be most influential when consumers have high product involvement buy low product knowledge, when they share the attitudes and values of the opinion leader and when the product details are numerous and complicated. (d) Social Class A social class means an open group of individuals with similar social rank. Quite often people in a society are classified into upper, middle and lower classes on the basis of their income and occupation. Consumers belonging to a particular social class tend to have common behavioural patterns. They may have similar attitudes and values. Social class has an impact on spending and saving an individual buys and uses. (e) Culture and Sub-cultures Culture is the aggregate of customs, beliefs, values, and objects that a society uses to cope with its environment and passes on to future generations. Culture permeates our daily life and therefore influences buying behaviour. Our culture determines what we want and wear, where we reside and travel. It also influences how we buy and use products. Cultural changes affect marketing mix.
(d) Attitudes Attit tendencies t refers t an indi idual s enduring evaluati n, feelings and behavi ural ard an object or idea. An individual s attitudes remain generall stable and do
not vary from moment to moment. Attitudes play a significant role in determining consumer behaviour.
(e) Personality Personality refers to a set of internal traits and distinct behavioural tendencies that result in consistent patterns of behaviour. An individual s personality is the outcome of heredity and personal experiences. It makes the individual uni ue. Some individuals are introverts, dogmatic, compulsive and ambitious while others are quite opposite in nature. Personality influences the type of brand and products purchased. (f) Self-concept Self-concept of self-image means a persons perception or view of himself. Individuals develop and alter their self=concept through interaction of social and
psychological dimensions. Research shows that a buyer purchases products that reflect and enhance the self-concept. A persons self-concept may also influence selection of products category and brand.
Stimulus
The stages in consumer buying decision process are below: 1. Problem Recognition
A buyer recognizes the problem when he becomes aware of the desired state and an actual condition. The speed with which a consumer recognizes the problem can be quite fast or slow. Sometimes, a person has a problem or need but is unaware of it. Marketers use advertising, personal selling and other methods to help trigger recognition of such needs or problems.
2. Information search
After recognizing the problem or need, a buyer search for product information that can resolve the problem or satisfy the need. There are two types of information search. In the internal search which is our self and external search which consists of frien relatives, and ds, media. Marketers repeat advertisements and use visuals to increase consumer learning of information.
3. Evaluation of alternatives
A successful information search yields a number of brands that a buyer views as possible alternatives. This group of products/brands is called the buyers evoked set. Various objective and subjective characteristics that are important to the buyer are used to evaluate the alternatives. Cost and warranty are examples of objective criteria whereas brand image and style are examples of subjective characteristics.
4. Purchase
In this stage the buyer chooses the product or brand to be bought. Product availability may influence which brand is purchased. The terms of sale (price, delivery, warranty, maintenance agreement, installation and credit arrangement) are settled finally, the actual purchase takes place.
5. Post-purchase behaviour
After the purchase, the buyer begins evaluating the product to ascertain if its actual performance meets the expectations. Many criteria used in evaluating alternatives are applied again for this purpose. The outcome of this stage is either satisfaction of dissatisfaction. Shortly after purchasing an expensive product, a buyer doubts whether he make the right decision.
2. Rational and Emotional Motives Buying motives are those which are based on logical reasoning and consideration of economic consequences. They include the cost, durability and dependability of the product/service. Emotional buying motives are based on personal feelings. These motives include ego, prestige, love and affection, status, pride, etc.
3. Product and Patronage Motives Product motives are of two types-primary and secondary. Primary buying motives are the reasons due to which consumers buy one class of products rather than another. These motives arise directly from human needs and wants. These include the desire for health, beauty, knowledge, relaxation, recognition, etc. Secondary or selective buying motives induce consumers to buy certain kinds of products. These include desire for convenience, dependability, durability, economy, versatility, etc.
RESEARCH DESIGN :
A research design is the specification of methods and procedure for acquiring the information needed to structure or to solve problem. It is the overall operational pattern of frame work of the project that stipulates procedures. A research design is therefore defined as A plan, structure and strategy of investigation conceived so as to obtain answers to research question and control vacancies. Descriptive Research Design: Descriptive research is contract to explorative research is marked by the prior formulation of specific research question. The problem, perhaps as a result of an exploratory study, before the project is initiated. He should be able to define clearly what he wants to measures and to setup appropriate and specific means for measuring it. Descriptive research design includes surveys, fact findings, and enquiries of different kinds. The main characteristic of this method is that researcher has no control over the variable. He can only report what has happened or what is happening. Most EX-POST FACTO research projects are used for descriptive studies in which the researcher seeks to measure such items. Descriptive research will be applicable to the existing problems.
RESEARCH INSTRUMENT
The research instrument used in this study structured questionnaire. Structured questionnaire are those questionnaire in which there are predetermined question relating to the aspect for which the researcher collects data. The questions are presented with exactly the same wording in the same order to all the respondents.
QUESTIONNAIRE DESIGN
The structured questionnaire for appraisal system with the following types of questionnaire open ended, multiple choice, types of questions.
AREA OF STUDY
The area of study is confined to employees of TIKONA Digital Networks (P) Ltd, Chennai.
SAMPLING METHOD
The sampling method involved is convenient sampling method. CONVENIENT SAMPLING Convenient sampling is also known as purposive are deliberate sampling. This sampling method involves purposive or deliberate selection of particular unit of the universe for constituting a sample which represents the universe. When population elements are selected for inclusion in sample based on the case access, it can be called convenience sampling. SAMPLE Sample denotes only a part of the conclusions are drawn on the basis of entire universe.
SAMPLE SIZE The sample size is restricted to 100 employees. The sample questionnaire consists of closed ended quetionnaire.
CHI-SQUARE TEST:
The chi-square test is one of the most useful non-parametric tests used in statistical analysis. The chi-square test was first used by Karl Pearson in 1900; it is used to compare the observed and expected frequencies. It is important to keep in mind that the chi-square test only tests whether two variables are independent. It cannot address questions of which is greater or less. Using this chi-square test, we cannot evaluate directly the hypothesis, the test can only test whether the two variables are independent or not. A set of expected frequencies is desired under the assumption that the null hypothesis is true. This test enables us to find of the deviation of the expected frequency from theoretical ones is just by chance or due to the inadequacy of the theory to fit the data. Oi (I = 1, 2, 3,.., n) be the set of observed frequencies and Is Ei (I = 1, 2, 3, n) be the set of expected frequencies, then Karl Pearsons N X
2
Oi = Ei i=1 i=1
If the above calculated X2 value is less than the tabulated X2 the value, we accept the null hypothesis. While comparing the calculated value of X2 with the table value we have to determine the degree of freedom. The degrees of freedom may be considered as the number of independent observations in the sample minus number of k observations which can be
V=n-k
Since we have that Oi = Ei = N, the total frequency, can find one observation say nth i=1 i=1 Observation using the remaining (n-1) observations, n=n-Ei, = 1, 2, 3.n-1 Hence, the above-defined chi-square has n-1 degrees of freedom. The observed chi-square value should be compared with the tabulated chi-square with (n-1) degrees of freedom.
CORRELATION ANALYSIS:
Correlation analysis deals with the association between two or more variable . It does not tell anything about cause and effect relationship. Correlation value shall always lie between +1 and -1. it shows there is perfect positive correlation between variables. When r=0, there is no correlation. r =cov (x,y) /s.d (x)* s.d(y) r-correlation Coefficient x & y are variables
1. Age Profile of the Sample Population TABLE NO: 1 Age Profile of the Sample Population Attributes Less than 18 Years Between 18-23 Years Between 23-28 Years Between 28-45 Years More than 45 Years No.of Respondents 9 23 46 14 8 Percentage 9 23 46 14 8
Inference: It is found that 69% of respondents are in the age group 18-28 years, 14% are in the age group of 28 to 45 years, only few respondents are in age group who are less than 18 years and more than 45 years.
Percentage
2. Qualification of the Respondents TABLE NO: 2 Qualification of the Respondents Attributes 10th pass or below Higher Secondary level Graduate Post Graduate No.of Respondents 8 18 42 32 Percentage 8 18 42 32
e centage
Graduate
Post Graduate
Qua f cat on
Inference: It is found that 26% of the respondents are below higher secondary level, 42% are graduates and 32% are post graduates.
3.Income Level of the customers TABLE NO: 3 Income Level of the customers
No. of Respondents 14 24 34 28
Percentage 14 24 34 28
40 35 30 ercenta e
25 20 15 10 5 0 Le than 10,000
10,00020,000
20,00040,000
Monthl Income
Inference: It is found that 14% of the respondents monthly income is less than Rs. 10000, 24% is in between 10000 and 20000, 34% is in between 20000 and 40000, 28% is greater than 40000.
4. Do you have an internet connection? TABLE NO: 4 Showing the users of internet connection
No.of Respondents 69 31
Percentage 69 31
31%
Yes
No
69%
Inference: It is found that 69% of the respondents are having internet connection and 31% are not having internet connection.
5. If No, are you looking for an internet connection? TABLE NO: 5 Showing the users intending internet connection Attri utes Yes No No.of Respondents 65 35 Percentage 65 35
35%
No
65%
Inference: It is found that 65% of the respondents who are not having internet connection are looking for internet connection, while 35% dont have any idea of purchasing a new one.
6. For what purpose do you use internet? TABLE NO: 6 Different uses of Internet
No.of Respondents 8 22 35 25 10
Percentage 8 22 35 25 10
10%
8%
22%
25%
Chatting Downloading
35%
Inference: It is found that 8% of the respondents use internet for research, 22% for searching jobs, 35% for checking mails, 25% for chatting and 10% for downloading.
Job
arch
arch/Studi
No.of Respondents 25 33 18 9 15
Percentage 25 33 18 9 15
15% 25%
9%
Airt l
Bsnl
R lian Mts
18%
33%
Oth rs
Inference: It is found that 25% of the respondents use airtel service, 33% are using BSNL, 18% are using reliance, 9% are using MTS and 15% are using other services.
Attributes Yes No
No.of Respondents 25 75
Percentage 25 75
25%
No
75%
Inference: It is found that 25% of the respondents are using Tikona and 75% are not the users of Tikona product.
9. If No, are you aware of the Tikona wireless broadband? TABLE NO: 9 Tikona brand awareness Attributes Yes No No.of Respondents 87 13 Percentage 87 13
13
Yes No
87%
Inference: It is found that 87% of the respondents are aware of Tikona and only 13% are unaware of the existence of Tikona product.
No.of Respondents 8 31 42 19
Percentage 8 31 42 19
8%
19%
Pamphlets
31%
Inference: It is found that 8% of the respondents came to know about the brand through TV ads, 31% through newspapers, 42% through sales executives, 19% through other sources.
11. Did you collect any information before making purchase? TABLE NO: 11 Users those who collect information before making purchase
Attributes Yes No
No.of Respondents 90 10
Percentage 90 10
FIGURE NO: 11 Users those who collect information before making purchase
10%
Yes No
90%
Inference: It is found that 90% of the respondents collected information before making a purchase decision while 10% did not collect any information.
12. Have your friends/ relatives opinions influenced you to buy Tikona wireless broadband? TABLE NO: 12 Word of mouth referrals by friends/ relatives
No.of Respondents 33 26 11 23 7
Percentage 33 26 11 23 7
7%
23%
33%
trongly agree
Agree Neutral
Disagree
11%
26%
Inference: It is found that 33% of the respondents strongly agree that friends had a major influence in purchase decision, 26% agree, 11% are neutral, 23% are disagree and 7% strongly disagree that friends had a major influence in purchase decision.
trongly disagree
13. Has the advertisement insisted major influence in your buying decision? TABLE NO: 13 Influence of Advertisements on Consumers buying decision
No.of Respondents 23 11 22 9 35
Percentage 23 11 22 9 35
23%
35%
trongly agree
Agree Neutral %
9% 22%
Inference: It is found that 23% of the respondents strongly agree that advertisement had a major influence in purchase decision, 11% agree, 22% are neutral, 9% are disagree and 35% strongly disagree that advertisement had a major influence in purchase decisio n.
14. What are the features you look in a product before making purchase decision? Give preferences. TABLE NO: 14 Preference by consumers regarding the features of brand
Particulars
Strongly agree
Agree
Neutral
Disagree
Strongly disagree
32
28
16
14
10
& 36
24
14
14
12
Sales 38
32
12
10
Value Money
for 28
34
16
14
Add features
on 26
32
28
Agree Neutral
7.2%
Disagree
trongly disagree
"
Inference: It is found that 32% of the respondents strongly agree that features had a major influence in purchase decision, 30 % agree, 17.2% are neutral, 12% are disagree and 8.8% strongly disagree that friends had a major influence in purchase decision.
30%
15. Whom do you consult while buying a wireless internet broadband connection?
No.of Respondents 43 21 12 19 5
Percentage 43 21 12 19 5
5%
1 %
#
Friends 43%
Relati es Internets
$
12%
Inference: It is found that 43% of the respondents are influenced by their friends, 21% by relatives, 12% by internets, 19% by newspapers and 5% by Any other source while making purchase decision.
16. Rate the following attributes according to the importan you give while buying a ce wireless internet broadband connection? TABLE NO: 16 Influence of different attributes of information on consumer buying decision
Attributes Brand name of the company Net Speed Area wise Connectivity Price of the product Monthly Tariff plans
No.of Respondents 5 25 10 15 45
Percentage 5 25 10 15 45
Inference: It is found that 5% of the respondents are influenced by brand nameof the company, 25% by net speed, 10% by area wise connectivity, 15% by price of the product, and 45% by monthly tariff plans available while making purchase decision.
15%
10%
17. How satisfied are you with Tikona wireless broadband compared with the others substitutes available in the market? TABLE NO: 17 Satisfaction with Tikona wireless broadband in comparison with other brands
No.of Respondents 12 28 53 5 2
Percentage 12 28 53 5 2
FIGURE NO: 17 Satisfaction with Tikona wireless broadband in comparison with other brands
5%
2%
12%
28%
53%
Inference: It is found that 12% of the respondents are highly satisfied with product, 28% are satisfied, 53% are neutral, 5% are dissatisfied and 2% is highly dissatisfied with product.
18. How would you rate Tikona Performance as your expectation on 5 points scale? a) After sales service TABLE NO: 18 Tikona performance in terms of after sales service
No. of Respondents 15 25 46 12 2
Percentage 15 25 46 12 2
Highly satisfied
satisfied 25% Neutral Dissatisfied 46%
Highly dissatisfied
Inference: It is found that 15% of the respondents are highly satisfied with after sales service of the product, 25% are satisfied, 46% are neutral, 12% are dissatisfied and 2% is highly dissatisfied with after sales service of the product.
No.of Respondents 12 28 53 5 2
Percentage 12 28 53 5 2
5%
2%
12%
Highly satisfied
Inference: It is found that 12% of the respondents are highly satisfied with maintenance of product, 28% are satisfied, 53% are neutral, 5% are dissatisfied and 2% is highly dissatisfied with maintenance of product.
c) Product as per expectation TABLE NO: 20 Tikona performance in terms of consumer expectation
No. of Respondents 18 28 43 10 1
Percentage 18 28 43 10 1
18%
Highly satisfied
Inference: It is found that 18% of the respondents are highly satisfied with product, 28% are satisfied, 43% are neutral, 10% are dissatisfied and 1% is highly dissatisfied with product.
CHI-SQUARE TEST:
Particulars Strongly agree Brand Credibility Price Discount After Service Value Money Add features Total 160 150 86 60 44 500 on 26 32 28 8 6 100 for 28 34 16 14 8 100 Sales 38 32 12 10 8 100 & 36 24 14 14 12 100 32 28 16 14 Agree Neutral Disagree Strongly disagree 10 100 Total
NULL HYPOTHESIS: H0 There is no significant difference between the features of the brand and the acceptance of the consumers.
ALTERNATIVE HYPOTHESIS: H1 There is significant difference between the features of the brand and the acceptance of the consumers. Calculated value of chi-square=19.528 Tabulated value of chi-square at 5% level of significance=26.3 Since Tabulated value > Calculated value Null Hypothesis Accepted. There is no significant difference between the features of the brand and the acceptance of the consumers.
CORRELATION ANALYSIS:
NULL HYPOTHESIS: There is no significant difference in the purchase influenced by the word of the mouth referrals of friends and the purchase influenced by the advertisements. ALTERNATIVE HYPOTHESIS: There is significant difference in the purchase influenced by the word of the mouth referrals of friends and the purchase influenced by the advertisements. X 33 26 11 23 7 100 Y 23 11 22 9 35 100 XY 759 286 242 207 245 1739 X2 1089 676 121 529 49 2464 Y2 529 121 484 81 1225 2440
r= cov(x,y)/s.d(x)*s.d(y) r= -0.578 Since the value of r is negative, Alternative hypothesis get accepted. There is significant difference in the purchase influenced by the word of the mouth referrals of friends and the purchase influenced by the advertisements.
Nearly 50% of the respondents are satisfied as the product meets the expectation of the customers while 43% of the respondents feel neutral. There is no significant difference between the features of the brand and the acceptance of the consumers. There is significant difference in the purchase influenced by the word of the mouth referrals of friends and the purchase influenced by the advertisements.
5.2 CONCLUSION
Consumer behaviour will play an vital role in recent days so that the researcher carefully under took an survey among the consumer to find out the same in TIKONA DIGITAL NETWORKS PVT LTD on the basis of that survey. All the things are mostly favourable to Tikona, the Tikona should continue the same strategy. Tikona should concentrate on sales promotional activities & recruits additional number of employees in service department in order to provide uninterrupted service to consumers. Tikona have a good brand image among consumers so in order to retain the consumers and to sustain the image it is recommended that the organization should follow the suggestions as given above in the project.
BIBLIOGRAPHY
Dr. GUPTA C.B. Dr. N. RAJAN NAIR. Marketing Management, New Delhi Sultan Chand & Sons, Publishers 2003.
GUPTA S.P., STATISTICAL METHODS, New Delhi, Sultan Chand & Sons, Publishers 2003
PHILIP KOTLER, Kevin LANE KELLER, ABRAHAM KOSHY, MITHILESHWAR Marketing Management,13th Edition, New Delhi, Pearson Education, 2008
LEON G. SCHIFFMAN, LESLIE LAZAR KANUK, Consumer Behaviour,9th Edition, New Delhi, Prentice Hall of India Pvt. Ltd., 2007
ANNEXURES QUESTIONNAIRE
Respected madam/sir, As a part of my project I would like to gather some information from you Which will help me in an in depth study of project. The information provided by You will be kept confidential and will be used for academic purpose only. I would be obliged if you co-operate with me in filling the questionnaire.
1. Name .
2. Gender
a) Male b) Female
3. Age
a) Less than 18 years b) Between 18-23 years c) Between 23-28 years d) Between 28-45 years e) More than 45 years 4. Qualification of the Respondents a) 10th pass or below b) Higher secondary level c) Graduate d) Post Graduate
a) Less than Rs. 10,000 b) Between Rs. 10,000-Rs. 20,000 c) Between Rs. 20,000-Rs. 40,000 d) More than Rs. 40,000
a) Yes b) No
a) Yes b) No
a) Airtel b) Bsnl c) Reliance d) Mts e) others 10. Have you used Tikona wireless broadband?
a) Yes b) No
a) Yes b) No
12. If Yes, how do you came to know about this product? a) Advertisements b) Newspapers/ Magazines c) Company Sales Executives d) Any other source
a) Yes b) No
14. Have your friends/ relatives opinions influenced you to buy Tikona wireless broadband?
a) Strongly agree b) Agree c) Neutral d) Disagree e) Strongly disagree 15. Has the advertisement insisted major influence in your buying decision? a) Strongly agree b) Agree c) Neutral d) Disagree e) Strongly disagree
16. What are the features you look in a product before making purchase decision? Give preferences. a) Brand credibility b) Price and discount c) After sales services d) Value for money e) Add on features
17. Whom do you consult while buying a wireless internet broadband connection?
18. Rate the following attributes according to the importance you give while buying a wireless internet broadband connection? a) Brand name of the company b) Net Speed c) Area wise Connectivity d) Price of the product e) Monthly Tariff plans 19. How satisfied are you with Tikona wireless broadband compared with the others substitutes available in the market? a) Highly satisfied b) Satisfied c) Neutral d) Dissatisfied e) Highly dissatisfied
20. How would you rate Tikona Performance as your expectation on 5 points scale? a) After sales service b) Maintenance c) Product as per expectation