Maggi noodles is a product of Nestle, which occupies a major chunk of market share in the food industry. The primary objective of the project is to identify the consumer preferences and the unique selling proposition (USP) for the product in the market. The study is aimed at understanding the buying behaviour of the people across various income groups.
Maggi noodles is a product of Nestle, which occupies a major chunk of market share in the food industry. The primary objective of the project is to identify the consumer preferences and the unique selling proposition (USP) for the product in the market. The study is aimed at understanding the buying behaviour of the people across various income groups.
Maggi noodles is a product of Nestle, which occupies a major chunk of market share in the food industry. The primary objective of the project is to identify the consumer preferences and the unique selling proposition (USP) for the product in the market. The study is aimed at understanding the buying behaviour of the people across various income groups.
Manoj R (1311171) Muthuraman AL (1311175) Nikhil Darak (1311180) Pankaj Kumar (1311183) Sudheender S (1311204)
Objective of study: Maggi noodles is a product of Nestle, which occupies a major chunk of market share in the food industry. The primary objective of the project is to identify the consumer preferences and the unique selling proposition (USP) for the product in the market. The following shall also be investigated in addition to the primary objective. 1. Investigation of product differentiation and brand building process that Nestle adopted for connecting with consumers. 2. The competition that Nestle is facing from its rival companies. 3. The effect of advertisements on consumer behaviour. Scope: The scope of study is limited to the residents of Bangalore. The study is aimed at understanding the buying behaviour of the people across various income groups. To analyse the best strategies that Maggi can adopt to increase the market share in the processed food industry. Methodology: A survey shall be floated and responses shall be collected from 50 individuals within Bangalore. Consumer preferences, consumer decision making process and the factors affecting the same will be identified. Analysis of 4Ps to understand the marketing mix will be carried out using the primary data. The competition that the product faces in the current scenario will be evaluated qualitatively and quantitatively using secondary data. The strategy for sustainability and overcoming competition to achieve progressive growth in market share shall be suggested.
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