Professional Documents
Culture Documents
RESEARCH REPORT
ON
CONSUMER BEHAVIOUR
AT
A PROJECT SUMITTED TO
BHAVNAGAR UNIVESITY OF BHAVNAGAR
IN PARTIAL FULFILLMENT FOR THE DEGREE
OF
BACHELER OF BUSINESS ADMINISTRATION
PREPARED BY,
DILIP VAGHELA
T.Y.B.B.A
ROLL NO. (58)
GUIDED BY,
MR.RUSHI KANADA
(LECTURER)
PREFACE
As we know that the present world not only theoretical knowledge but also practical
knowledge is important in every field and everywhere.
In short, student can improve his knowledge about the marketing research through making
the research report.
Helps to the student to development about field of external environment as a student of
T.Y.B.B.A program. The research provides opportunity to conduct practical survey in
MODERN TVS, Bhavnagar.
I have tried my best together as much as information as I could. So through this report I am
expressing my views, feeling and various managerial and practical activities which I had
observed during my research. I came to know about the effect of consumer buying behavior.
Consumer behavior is the integral part of marketing research. I make research report on the
brand image. TVS is leading company which produce two wheeler vehicles.
ACKNOWLEDGMENT
DATE:
PLACE:
SIGNATURE
CANDIDATE STATEMENT
I undersigned, VAGHELA DILIP student of T.Y.B.B.A. hereby declare that
the project work presented in this report is my own works and has carried
it out under the guidance of Prof. MR Rushi Kanada of K. R. Doshi B.B.A
College.
Date:
Signature:
Place: Bhavnagar.
(VAGELA
DILIP)
EXECUTIVE SUMMERY
The project report is based on the Effect of brand image on consumer behavior. My study is
descriptive in nature. And it gives meaningful information about the Brand image of the
company.
The main objective of the study is to get the practical knowledge and know how the brand
image is important to stand in market. Consumer behavior is the important element in the
marketing management which involves various factors affect consumer behavior etc.
I have used the data of the MODERN TVS and collected through the material given and by
questioning and from the other sources. I have interpreted the data in to my study as per
requirement to understand easily.
By this research I come to know that without study of consumer behavior a Company cannot
stand in market and customer may show the quality, price, features etc when purchase of
product. And in this century it is very hard to survive in market for the business.
PARTICULARS
PAGE
NO.
(1)1.
COMPANY PROFILE
8-9
2.
INTRODUCTION
10
3.
11
7.
12
9.
ORGANIZATIONAL STRUCTURE
13
CH-2
(2)1.
INTODUCTION TO TOPIC
CONUMER BEHAVIOR
CH-3
RESERCH
MATODOLOGY
6
14
15-18
19
(3)1.
(3)2.
(3)3.
(3)4.
CH-5
CH-6
CH-7
CH-9
INTRODUCTION
RESERCH PROCESS
OBJECTIVE
RESEARCH DESIGN
DATA ANALYSIS &
INTERPRETATION
FINDINGS
SUGGESTIONS&
CONCLUSION
BIBLIOGRAPHY
20
21
22
23-27
28
38
39-40
41
COMPANY PROFILE
NAME
MODERN TVS
7
ADDRESS :
1) Registered office
Vitthalwadi,
Near hotel White rose,
Bhavnagar-1
CORPORATE OFFICE
(1) Vitthelwadi,
Near hotel White rose,
Bhavnagar-1
BRAND NAME
PRODUCTION CAPACITY
YEAR OF ESTABLISHMENT
2011
CHAIRMAN
MANAGING DIRECTOR
BANKERS
Authorise Dealer
TOTAL STAFF
TOTAL WORKERS
10
PRODUCTION METHOD
Manual
Not fixed
ACCOUNTING YEAR
TELEPHONE NO.
(0278) 2431729
WEBSITE
WWW.TVSMOTOR.CO.IN
INTRODUCTION
The TVS Group is one of India's largest industrial conglomerates. TV Sundram Iyengar and
Sons Limited, established in 1911, is the parent and holding company of the TVS Group.
TVS Motor Company is the third largest two-wheeler manufacturer in India and one among
the top ten in the world, with annual turnover of more than USD 1 billion in 2008-2009, and
is the flagship company of the USD 4 billion TVS Group. With a workforce of over 5000, the
company has 4 plants - located at Hosur and Mysore in South India, in Himachal Pradesh,
North India and one at Indonesia. The company has a production capacity of 300 thousand
units a year.
TVS and Sons also distribute Heavy Duty Commercial Vehicles, Jeeps and Cars. It represents
premier automotive companies like Ashok Leyland, Mahindra and Mahindra Ltd., Fiat and
Honda. It also distributes automotive spare parts for several leading manufacturers.
TVS & Sons has grown into a leading logistics solution provider and has set up state-of-theart warehouses all over the country. It has also diversified into distributing Garage equipment
that ranges from paint booths to engine analyzers and industrial equipment products.
10
Successfully launched the Victor and Fiero-F 2 models after parting ways with Suzuki.Two
wheeler markets show sign of revival after a lackluster first half.The company is suffering a
decline in volumes due to poor response of its two strokes Max motorcycles. Recently
launched the TVS Centra and 125 cc TVS Victor GLX and four stroke Max in the pipeline,
which would be launched later this year.Plans major foray into three-wheeler and
quadricycles market through fresh investments of Rs 500 crore.Actively looking to set up
manufacturing unit in Indonesia or Vietnam.Strong focus on R&D and product development.
TVS MOTOR COMPANY
TVS Motor Company Limited, part of the TVS Group, is one of India's leading two-wheeler
manufacturers. With a turnover of over Rs.2700 crores, the Company manufactures a wide
range of motorcycles, scooters, mopeds and scooterettes. Little wonder, it boasts of more than
7 million happy customers.
The chapter called two wheelers in India begins..
The year was 1980. And it is a year to remember for the Indian two-wheeler industry. For it
was this year that saw India's first two-seater moped, TVS 50, rolling out on the Indian roads.
For some it was freedom to move. For some, shorter distances to span. For the Indian
Automobile sector, a breakthrough to be etched in history.
With the joint venture with Suzuki Motor Corporation in 1983, TVS-Suzuki became the first
Indian company to introduce 100 cc Indo-Japanese motorcycles in September 1984. Through
an amicable agreement the two companies parted ways in September 2001.
11
PRODUCT PROFILE
TECHNOLOGY
A unique power/economy mode for extra mileage. An auto reserve fuel tap. No more turning
knob from main to reserve. Auto chokes for instant starts. Every time.
SAFETY
Puncture Resistant Tyres that come with a special sealant inside, minimizing chances of a
flat. A side stand alarm that beeps if you forget to take off the stand. Multi focal reflector
headlamp and side reflectors for enhanced visibility. Now all you need is an equally funky
helmet and you re all set to pep.
12
ORGANISATION STRUCTURE
MANAGING DIRECTOR
SALESMAN
PEON
SALES MAN
PEON
SALES MAN
PEON
13
14
The main purpose Marketing is to satisfied our target customer need and want toward
the particular product or services which are our customer need. after knowing their
need and wants about any product or services then need to identify their buying
behavior for buying the product or service. Decided which bases customers are
purchase the product like product attractiveness lower price, Durability of Product etc.
In the buying the product customer think something and do something at last
movement of buying product and services so need know the behavior of customer for
buying any product or services.
MODELS OF BUYING BUYER BEHAVIOUR:
Marketing
Stimuli
Product
Price
Other
Stimuli
Economic
Technology
Buyer
Characteristics
Cultural
Social
Place
Political
Personal
Promotion
Cultural
Psychological
15
Buyer's
Decision process
Problem recognition
Information search
Evolution of
alternative
Purchase decision
BUYING PROCESS
Problem reorganization
Buying process state with problem recognition in this steps customer are identify
there need and wants need are decide on the basis of internal & external factor.
Information Search
When customer need are arise about any product & services them they are want to
search some information about it from some source like personal commercial public
sources etc.
Evaluation of Alternatives
Customer is evaluating the entire available alternative and leads which are satisfied
our primary and secondary need of product or services.
Choice of Purchasing Decision
When customer are finally decide to buy any product or services than decide which
place we purchase which price we purchase the product etc.
16
1.
Cultural Factors:
a.
Culture:
Culture is the most fundamental determinant of a person wants and behavior.
The grooving child acquires a set of values, perception, preference and
behaviors through his/her family and other key institution.
b.
SubCulture:
Each culture consists of smaller subculture that provides more specific
identification and socialism for its members. Subculture includes nationalities.
religion and geographical regions. Many subcultures makes up important
market segments and marketers often design products and marketing programs
tailored to their needs.
c.
Social Class:
Social classes do not reflect income alone but also ther indicators such as
occupation, education and areas of residence. Social classes differ in their dress
speech, patterns recreational tailored to their needs.
2.
Social Factors:
a.
Reference Group:
People are significantly influenced by their reference groups in at least their
ways. Reference group expose an individual to know behave ours and lifestyle.
They also influence the person's attitude, their self concept and they create
peoples.
b.
Family:
The family is the most important consumer buying organization in society and
it been researched extensively. Family members. constitutes the most
influential, primary reference group. We can distinguish between two families
in the buyer behavior. The family of orientation consists of one's parents and
17
3.
Personal Factors:
a.
b.
Occupation:
A person's occupation also influences his/her consumption pattern. a blue color
worker will buy work cloth, work shoes and lunch box. A company president
will buy work expensive suit, air travel, country club membership. A marketer
trips to identify occupational group that have above interest in their product and
the service. Thus computer software companies will design different computer
software for brand manager, engineer, lawyer and physician.
c.
Lifestyle:
People coming from the same sub culture. social class and occupation may lead
quite different life styles. a person's life style is the person's patterns of living in
the world as in the persons activities, interests and opinions.
18
4.
Psychological Factors:
a.
Motivation:
A persons has many needs at any given time some need are biogenic. They
arise from psychological status of tension such as hunger, thirst, discomfort,
other need are psychological needs. a motive is a need that is sufficiently
pressing to drive the person to act satisfying the need reduce the felt tension.
b.
Learning:
Where, people act they learn. Learning involves changes in an individual's
behavior arising from most humans produce through the interplay of drives
response and reinforcement demand for a product by associating it with strong
drives, using motivating and providing positive reinforcement.
c.
19
RESEARCH
METHODOLOGY
20
RESEARCH METHODOLOGY
WHAT IS RESEACH ?
In common words, research refers to a search for
knowledge. Research can be defines as a scientific and systematic search for
information on a specific search for information on specific topic. Actually, it is a
voyage of discovery. In other words, research is an academic activity. Research
comprises defining problem, collecting data, evaluating data, formulating hypothesis,
reaching conclusion and testing the conclusion whether they fit the formulating
hypothesis. It is the pursuit of truth with the help of study, observations, comparison
and experiment. In short, the search for knowledge through objective and systematic
method of finding solution to the problem is research.
In simple word, research is a method of finding facts of
particular topic by collecting, formulating and analyzing the data from real field and
find solution for it. Thus, research is an origin contribution to the existing stock of
knowledge making for its advancement.
RESEARCH METHODOLOGY :
Research methodology is a way to systematically solve the
research problem. It may be understood as a science of studying how research is
done scientifically. Research methodology may differ from problem to problem. The
research methodology has many dimension and research methods do constitute the
part of the research methodology. The scope of research methodology is wider than
that of research method, research methodology indicates which method and
techniques are relevant and which are not.
21
TYPES OF RESEARCH
The explanation of types of research are as follows ..
1. Applied v/s fundamental :
Research can either be applied research or
fundamental research. Applied research aims at finding a solution for an immediate
problem facing a society or an industrial or business organization.
2. Descriptive v/s analytical :
Descriptive research includes survey and
fact finding inquiries of different kinds. In analytical research, on the other hand, the
researcher has to use facts or information already available, and analyze this to
make a critical evaluation of the material.
3.Quantitative v/s Qualitative :
Quantitative research is based on the
measurement of quantity or amount. It is applicable to phenomena that can be
expressed in terms of quality. Qualitative research, on the other hand, is concerned
with qualitative phenomena. That is phenomena relating to or involving quality or
kind.
4.conceptual v/s empirical :
Conceptual research is that related to some
abstract ideas or theory. It is generally used by philosophers and thinkers to develop
new concepts or to re interpret existing ones. On the other hand empirical research
relies on experience or observation alone often without due regard for system and
theory.
22
OBJECTIVES OF RESEARCH
Research refers to collecting, formulating and analyzing data on specific
topic and finding the solutions. Though every research study has its own specific
objectives. The purpose of research study is to discover answer to question through
scientific procedure and to find out the fact of particular topic. The main objectives of
this research study are as under..
To know various methods of promotions which company
mostly use.
To know the sales promotion strategy of the company.
To know how does it apply in automobile sector in
4wheeler only.
To know customer response about sales promotion
methods and strategies of the company.
23
RESEARCH DESIGN
24
RESEARCH INSTRUMENT
The Data Collection is the main part of any research study. The task of
data collection begins after a research problem has been defined. There are main
two types of data are collected for making a research study.
The Primary Data are those which were collected afresh and for the
first time. And The Secondary Data are those which have already been collected by
someone else and which have already been passed through the statistical process.
There are various methods for collecting data for the use in research
study given below:
The six methods are generally used for collecting the primary data for
making research study. The methods for data collecting primary are given as under,
Observation method
Questionnaires
Interview method
Schedule
One can get secondary data from the data collected by someone else
and also collect from published and unpublished data.
In this research study, the data were collected through the
questionnaire method because this study is made on the basis of primary
data. Thus, I selected questionnaire as my research instrument.
25
26
DEFINE RESEARCH
PROBLEM
REVIEW CONCEPT
AND THEORIES
REVIEW PREVIOUS
RESEARCH
FINDING
FORMULATE
HYPOTHESIS
DESIGN RESEARCH
(INCLUDING
SAMPLE DESIGN)
COLLECT DATA
(EXECUTION)
27
28
29
30
particular
yes
no
Total
Q:1: Do you own a bike?
No. of respondents
47
3
50
%
94
6
100%
INTERPRETATION
In this question particular question it is found that 94% of respondents are having motorbike
and 6% are either having scooter or moped. On the basis of the above pie-chart it is clear that
more people own bike.
31
%
50
30
20
INTERPRETATION
The above bar-graph shows the brand awareness of bikes among the respondents. In the
above bar-graph it is clear that HERO HONDA is the most popular brand in Bhavnagar
whereas BAJAJ and YAMAHA follow 2nd and 3rd place. TVS comes at 4th place taking lead
from LML, KINETIC and ENFIELD BULLET.
32
%
24
18
20
26
6
INTERPRETATION
From the above mentioned tables and graphs we can see that parameters like mileage, power
and style holds an upper edge over the other parameters which affect the purchase decision of
bike. Thus customers are more likely to see the brand aspect before actually buying a product.
Particular
Total
no.
of
respondent
Friends
Dealers
Family
Media
Total
17
3
23
7
50
34
6
46
14
100
INTERPRETATION
From the above graph it is clear that FAMILY plays a major role in the purchase of bike and
the reference and suggestions of FRIENDS come at the second place. Whereas MEDIA factor
comes at third place with DEALER making no promising affect on the purchase of bike.
34
Particular
Yes
No
Total
%
72
28
100
INTERPRETATION
As shown in the above PIE CHART, the percentage of respondents who have visited the TVS
SHOWROOM is more than those respondents who have not visited the TVS SHOWROOM.
Thus the interest of customers in TVS product can relate to 72% among 50 respondents.
No. of respondents
35
Yes
No
Total
46
4
50
92
8
100
INTERPRETATION
As given in the PIE CHART above 92% of the respondents know about TVS motorbike and
only 8% of the respondents are unaware about the TVS motorbike. This question is based on
the awareness as well as past usage of the TVS motorbike.
36
Particular
Yes
No
Total
No. of respondents
16
34
50
%
32
38
100
INTERPRETATION
In the PIE CHART given above it is clear that out of 50 respondents 68% of them have
visited the TVS DEALERSHIP and only 32% have not visited the TVS DEALERSHIP. By
the chart given above it makes clear that the TVS DEALERSHIP has attracted more number
of respondents
37
Particular
No. of respondent
Yes
No
Total
17
33
50
%
34
66
100
INTERPRETATION
In the given PIE CHART 66% of the respondents have no affect with the celebrity
endorsement during the purchase of the bike. Whereas 34% of the respondents agreed that
celebrity endorsement do make an effect on the purchase decision of the bike.
FINDINGS
In the analysis the respondents have shown that they consider TVS motor company
after HERO HONDA and BAJAJ and this is a major concern for the company. TVS
38
motor company has to make some arrangements to increase the awareness level
among the prospects through media.
The company should also emphasize on other bikes excluding TVS VICTOR and
TVS CENTRA because some of the bikes in TVS like Apache RTR are more popular
than these bikes in the surveyed area.
In BHAVNAGAR the respondents who have visited the dealership are not satisfied
with the service facilities which can be improved by regular visit of the service
managers as well as providing regular training to the staff as well as the owner.
The dealership in Bhavnagar also lacks in space, which is a major concern because
the first impression on the mind of the customer is about the window display, which
can be improved with the help of the professionals.
The buying behavior of the customers in Bhavnagar is not focused on the celebrity
endorsement but they want a product which should contain all the factors and at an
affordable price.
The customers in Bhavnagar want more number of dealers in their area so as to have
more options in visiting the dealership. Every dealership should have the same
services and excellent window display so as to attract more customers.
As in the demographic phase of the respondents the younger generation wants to have
a bike with lot of power and style which TVS should come within future .As TVS has
launched its new bike VICTOR GLX in the market.
TVS should improve its channel management and should invest in the brand image in
the market.
39
40
In TVS motor company VICTOR is the most popular bike and very interestingly
without any media interaction FIERO F2 has taken the 2nd spot with CENTRA on the
3rd spot which has taken a lead with only one place from MAX-R .It is recommended
that FIERO F2 should be given equal sales promotion than CENTRA because of its
popularity has come through people network and not through channel media.
The respondents have liked the service facility and the staff but the important factor is
the lack of space. The dealership in Bhavnagar has to improve the staff as well as the
after sales services and the customer relations.
Celebrity endorsement does not affect most of the respondents whereas only 34% of
the respondents have an affect over the purchasing decision of bike. Company should
give more importance to the product so as to give the best in quality to the customer.
In context to popularity TVS ranks 3rd according to this sample size and thus the
company should introduce new products as well as reposition its product according to
the demand in the market.
In the case of no price consideration TVS ranks 4 th and according to survey analysis
the respondent wants to purchase his dream bike which TVS Company has to make in
comparison with HERO HONDA, BAJAJ and ENFIELD BULLET.
41
BIBLIOGRAPHY
BOOKS
WEBSITES
WWW.TVSMOTOR.CO.IN/About_us.aspx
42
SIGNATURE:
Yes
No
43
TVS
HERO HONDA
ENFIELD
YAMAHA
BAJAJ
LML
KINETIC
Bike? [Rank]
MILEAGE
STYLE
PRICE
BRAND
SPARE PARTS
FRIENDS
DEALER
FAMILY
MEDIA
44
Yes
No
Bike?
Yes
No
45