Professional Documents
Culture Documents
Villariasa, Richelle T
Nadela, Leziel P
2019
CHAPTER 1
INTRODUCTION
purchase food and household products for both everyday use and special
occasions. The wide selection of products and brands, as well as high inventory
levels, allow consumers to shop the goods that their household may need for a
of food and household products it is organized into sections and shelves where the
costumers easily find the item what are they looking, which are in the small grocers,
also called mini grocery store this minimart usually located at the nearby the
owners and with limited services, these stores usually don’t have any branches.
This study is about customer satisfaction of Minimarts in Davao City to know the
level of customer satisfaction and to know which is of the 7p’s marketing has the
The aim of this research which can become the base of future
knowledge that will be beneficial to both the customers and minimart owners. The
understanding and respect of the customer. Customers are demanding, have more
money to spend and have a wide collection of goods and services to choose from.
To satisfy our customers, we must be able to listen to their feedback and improve
still trying to finds feet. According to Nielsen (2015) convenience industry roughly
doubled in size over the three decades, at year end of 1984 the store count was
85,300 stores, at the year end of 1994 the store count was 98,200 stores and at
year end of 2004 the store count was 138,205 stores. In Davao City, mini-mart
stores with sizes of roughly 300 squares meters were built within subdivision and
Santos told on a briefing yesterday have some shoppers have big ticket purchases
or when they do planned shopping, they go to bigger store formats. There are also
instances that shoppers only have a short list of things to buy they don’t want
temptations we are addressing that a niche he said. The new store format is a far
cry from the hypermarkets, supermarket, and discounters that the pure gold
customer knew it is also different from the 24/7 convenience store venture is it
doesn’t guarantee big growth anymore. Similar to many markets, small store
move closer to residential areas and high traffic areas to cater to shoppers’ busier
lifestyles. Propelling the growth of small format stores is the increasing influence
of four global megatrends which are supporting the growing consumer demand for
faster and more convenient shopping experiences—urbanization, women joining
the workforce, shrinking household size, and the rise of eating out. The flourishing
business process outsourcing (BPO) segment also stimulates the growth of this
retail channel.
Statement of the problem
terms of?
1.1 Age
1.2 Gender
1.4 Occupation
2.1 Product
2.2 Price
2.3 Place
2.3 Promotion
2.4 People
2.5 Processes
Davao City. Specifically, this research also aims to determine the age, gender, civil
Davao City. Moreover the level of customer satisfaction to Minimart product quality,
will also be ascertained by this paper. Finally the study will establish the
Davao city.
which can become the base of future knowledge that will be beneficial to both the
customers and minimart owners. The findings of this study can be utilized to
Customer. This study can help them appreciate the importance of Mini-
Business Owners. This study can help them to gain more knowledge in
Future researchers. They can use this as a reference in creating their own
research. This may contain some ideas which is relevant to their study.
Scope and Limitation of the Study
This research will be conducted in District I, II, and III in Davao City through survey
respondent’s target of the study is about 150 randomly selected in every district of
Davao City.
Definition of Terms
Product - regarding the service framework are the services that the
Price - refers to the cost of the service that the customer must pay.
Processes - are the steps which are required to deliver the service to a
customer.
Overview:
Arief Prasetyo March 1, 2014 Minimart is a store that sells food and
household’s product it is mini that combining from smaller or shorter than the
standard size a very small self-service store with sizes of roughly 300 square
Product
claimed may be ‘real’, with a real distinction on ingredient, quality, utility, or service,
As competition is increasing more and more, companies are coming out with
differentiated products so that they can have a USP to sell better and build
are taken into account while developing the product. Commonly practiced in the
industrial product marketing, where the manufacturer and the user are in direct
contact and the product gets customized to the requirements of the customer.
customer levels are Harley Davidson and Royal Enfield, products which
customers love. The augmented product is the result of voluntary improvements
brought about by the manufacturer in order to enhance the value of the product,
which are neither suggested by the customer nor expected by them. The marketer
on his own augments the product, by adding an extra facility or an extra feature to
the product. This is most commonly observed in the Smart phone market wherein
more and more technology is being introduced just because the manufacturer is
capable of giving this technology. Many customers don’t even demand them. But
augmentation gives value to the products of the company. The potential product is
tomorrow’s product carrying with it all the improvements and finesse possible
under the given technological, economic and competitive condition. There are no
limits to the ‘potential product’. Only the technological and economic resources of
the firm set the limit. Virtual reality, which was a potential product is a reality now
have an immediate use for it. A product needs to be functionally able to do what it
Users and potential users must know why they need to use it, what benefits they
can derive from it, and what it does difference it does to their lives. Advertising and
'brand building' best do this. A product needs a name: a name that people
remember and relate to. A product with a name becomes a brand. It helps it stand
out from the clutter of products and names. A product should be adaptable: with
trends, time and change in segments, the product should lend itself to adaptation
to make it more relevant and maintain its revenue stream. A product is the item
offered for sale. A product can be a service or an item. It can be physical or in
virtual or cyber form. Every product is made at a cost and each is sold at a price.
The price that can be charged depends on the market, the quality, the marketing
and the segment that is targeted. Each product has a useful life after which it needs
relevant to the segment and times, often keeping the product almost the same.
Simon Preece July 23, 2014 Consumer products brand design is wrongly
predicated on the notion that shoppers make rational, informed decisions. In truth,
most are purely instinctive and reactive. Eye-tracking studies show that consumers
read on average only seven words in an entire shopping trip, buying instinctively
by color, shape and familiarity of location. Best sellers succeed by appealing to the
reptilian brain, which decides before logic has a chance. Stand out, need to make
a brand the consumer’s signpost to the category. Just covering the shelf and
shouting louder than everyone else won’t cut it. You need a point of orientation on
the package that draws a shopper’s eye and communicates the essence of the
gravitate toward it. Pass the five-year-old test. If you can describe your brand to a
five-year-old, send them into a store to find it, and actually get it, your packaging
creates an iconic connection. Consumers will come back week after week looking
for it. The key to this stickiness is a distinctive brand mark. Trigger emotional
engagement. Consumers act when a brand makes them feel something. When
someone looks at you, you’re compelled to look back to determine the nature of
the attraction. Create iconic assets. The best packaging creates a series of visual
equities, a sort of tool kit that can be transferred to every form of consumer
communication.
Price
Dana Griffin March 21, 2019 Penetration strategy offers new products and
services for prices far below their value at their initial offering, in an attempt to draw
consider your cost/profit objectives, customers, the product's life cycle and your
competition. This strategy is the practice of setting an initial price much lower than
the eventual standard price. This strategy essentially represents a price war, going
for the deepest possible price cuts and aiming for your price to always be the
lowest on the market. Penetration pricing can bring new customers into your store,
increasing market share and building customer loyalty. Customers who are looking
for the best bargain will switch their loyalty to you if you can entice them with the
lowest prices. This strategy works best during a product's growth phase, since the
product already has a positive reputation. Use penetration pricing only if you need
competitors. You will have the most success when the given product is mass-
produced since the cost per unit is usually lower. Your business must be able to
absorb any loss incurred when you slash prices, so make sure you have enough
reserve funds to keep the business afloat. To penetrate the market, a company
prices a product at a low introductory price P and they expect to sell a specific
amount of items A, so the expected revenue is P*A. Companies determine price P
based on price elasticity and marginal cost. Price elasticity measures how the
outweighs the lower price, revenue increases. At that point, demand is considered
successful.
can mean the difference between success and failure for a small business. Price
items too high and no one will buy, too low and you’ll struggle or even lose money.
Pricing strategies are a mix of art and science. On daily basis, mark up calculation
is what most small businesses, especially retailer’s use to price products. But your
If you dint know the difference between mark up and profit margin and use a
markup percent when asked for the profit margin percent, you’ll end up with bad
and profit margin percentage are not the same and that the math to get to each
a psychological pain of loss when they part with their money. But certain pricing
strategies actually alleviate this mental barrier and can even create perceived
value that drives more sales. Prices that end in odd numbers like 5 and 9 always
beat out prices that end in even numbers in these studies. It seems crazy to think
that pricing something 1-5 cents below a whole dollar amount makes customers
value of customers place on a product. Even though mark up or margin might put
the product at a lower price, customers might be willing to pay more because of
competitors.
prices Miyuri Shirai, 1 July 2014. The importance of price made it very sensitive
factor that influence consumer purchase decision, thus pricing decision has to be
harmonized with the rest of the marketing mix product, promotion and placement.
of its goods, services or an idea. It also refers to sum of all values that consumer
Desirae Odjick May 28, 2018 says that pricing a products is one of the
business. Your pricing is a deciding factor in everything from your cash flow, to
your profit margins, to which expenses you can afford to cover. That’s why it’s all
too easy to get stuck on pricing when you’re launching a new store or product, but
it’s important not to let the decision stop you from launching. The best pricing data
you can get is from launching and testing with real customers but you still need to
start somewhere, with a price that works. That’s what we’re tackling today in ask
shopify.
Furthermore Lindsey Peacock January 8, 2019 setting the right prices for
your products is a balancing act. If a store prices products too low, it might see a
healthy stream of sales without turning any profit (and we all like to eat and pay
our bills, right?). But when products are priced too high, a retailer will likely see
fewer sales and “price out” more budget-conscious customers. Ultimately, retail
production and business costs, revenue goals, and competitor pricing. Even then,
setting a retail price isn’t just pure math. In fact, that may be the most
straightforward step of the process. Choosing the right pricing strategy for your
brand many retailers benchmark their pricing decisions using keystone pricing
explained below, which is essentially doubling the cost of the product to set a
healthy profit margin. However, in many instances, you'll want to mark up your
retailer’s use when selling a product. Manufacturers first started using MSRPs to
simple mark-up formula this is a pricing strategy that retailers use as an easy rule
of thumb. Essentially, it’s when a retailer would simply double the wholesale cost
they paid for a product to determine the retail price. Now, there are a number of
scenarios in which keystone pricing may be too low, too high, or just right for your
business.
Place
Martin August 9, 2014 in the marketing mix, the process of moving products
from the producer to the intended user is called place. In other words, it is how the
addition, a newer method is the internet which itself is a marketplace now. Through
the use of the right place, a company can increase sales and maintain these over
a longer period of time. In turn, this would mean a greater share of the market and
increased revenues and profits. Correct placement is a vital activity that is focused
on reaching the right target audience at the right time. It focuses on where the
business is located, where the target market is placed, how best to connect these
two, how to store goods in the interim and how to eventually transport them.
Kayla Dean December 26, 2017 the place or location where the event or
experience took place is more than just about the name of the place. It is also the
physical location of the place, the physical attributes, such as the urban setting of
crowds, pollution, public transit, traffic jams or the rural setting of open spaces,
Promotion
Ajeet Mishra July 23, 2015 in a business, really need to understand the
active process which needs to be very closely scrutinized for obtaining the best
results. You can utilize the manpower that you have to fullest and come up
strategies to promote your business and let it flourish. Promotional strategies and
marketing go hand. Marketing the brand or product will include different aspects of
key in putting across the benefits of your product or service to the customer. Well-
communicating with the public in an attempt to influence them toward buying your
products and/or services. Generally we promote our businesses, our products, and
our services by trying to bring them to the forefront of our target audience's
attention in the hope that they will act as we want them to see our product want to
buy our product. You might promote your business, product or service in person
through direct selling or in a retail store, via the internet through a website or social
just to name a few of the more popular business communication channels, but it's
the intention to influence the consumer that defines promotion and sets it apart
According to Emily Weisberg April 14, 2016 if they ever come out with a
new product or service, you know how tough it can be to get the word out. You
could be offering the best new product or service in the world, but if you don’t
promote it properly, you may end up losing money down the line. Here are some
creative ways to promote a new service or product for your small business. When
it comes to promoting a new product or service in a business, it can seem like there
are endless options. It can be difficult to figure out where to get started and which
methods of promotion will give you the best results. The truth is that there are many
ways to promote your business, and what works may depend in the business.
fundamental component of business marketing plan. Consider the sales venue and
the demographic when choosing which type of promotional product strategy will
be most effective. You might need to test more than one strategy to find the one
that result in the best sales and revenues. These examples of product promotional
strategies are universally adaptable to any business that sells products and too
many services.
People
Hitesh Bhasin December 31, 2017 the most successful companies put the
right people in the right job. But now, instead of companies which hire thousands
of employees, let us think of small businesses. The lesser the people, the more
their importance rises. People have the most important and the most critical job in
the world Customer service. People are so much under observation that even
sales departments are audited for the number of complaints escalated in a single
year. Most companies have got the clear message that the right hierarchy makes
not exist. Without them, no one would be responsible for selling and getting those
products out there. However, more often than not, the importance of people in
marketing is being neglected. This is due to the fact that not everyone is being
respectful of their customers. How many times have you seen establishments fail
because of the people who are running them? How many times have you noticed
restaurant staff not being attentive to their guests? To understand is that people
are the backbone of the company. Training will help the employees utilize their
skills and improve themselves in the best ways they could, and they also should
more about marketing tactics, and how to deal with customers better. And, possibly
the biggest reason why people are important in marketing, and any type of
business, is the fact that they can help sell and promote your products.
Processes
Mark Silver December 4, 2014 the goals have to be set, the commitments
have to be made and the plans have and the plans to be created. After doing the
above jobs, you will be able to know if the objectives of the project have been
quantifiably met. You also need to define, capture and track the entire portfolio of
the projects. Consequently, the proposed project against the projects done in the
past. This will enable you to determine the changes which are needed in order to
give a new proposal for the best chance to succeed and not to repeat the past
problems. If the past has been documented for reference, you can learn from the
past. One of the failures of effective delivery process is lack of control. Most of the
people have realized that there is reaction for every action. However, the logic
goes out for some reasons when it comes to a project. For you to succeed, the
scope or budget of a project will produce a failed delivery process if the variables
are not subsequently adjusted. In addition to that, project managers are needs to
define a strong change of the control process which is embraced from the highest
to the lowest level. Even though it is not easy; your product will be delivered on
Mark Acutt 2019 The marketing mix process talks about various kinds of
processes that one can use to market his products well. These include: Electronic
Processes. This includes the use of barcodes, receipts, and other forms or
graphics or logos, and the information about a product or a company that come
with them. This may also include the use of those codes that one can scan using
an app on his phone. It’s getting pretty popular these days, you see, and a lot of
people feel that it’s cool because it gives them a sense of virtual reality.
Technological Processes. This sounds vast, but basically, it’s about the process of
creating products that are tangible that your customers could really feel are theirs.
Not only should the manufacturer create products that he wants, he also should
keep in mind that the products he makes should be ones that would fulfill the
client’s needs. Direct Activities. Mostly, this is about the reactions of the clients as
they get to try your products, and how you feel about what they have said. Think
present time. That’s when direct activities happen. Indirect Activities. Meanwhile,
indirect activities talk about support that happens before, during, or after the
service has been given. In short, it is lengthy it may last for a lifetime.
Physical Evidence
This way, when people hear the name of company or of the products and
services that offer, a logo or image of the brand would easily come to mind. Like,
when you hear the words Google or Buzz feed, the logos of these companies
come to mind. There gets to be recall. And that’s something that should also aspire
for company. This means that if people easily to remember what all about, need to
be coherent with the logos and images, or the color patterns that use for packaging
and promotional materials. Also need to keep in mind that physical evidence isn’t
just about putting a logo out there, or giving away flyers or posters with graphics
that relate to company in it. Also need to make sure that somehow, the physical
environment of the office says a lot about what you’re trying to offer, too. Aside
when you add up what you have done to your space and on the issue of corporate
branding, it would all culminate to the ambience that your space would give.
Conceptual Framework
The variables of the study are explicit in the diagram presented in figure 1. In
the illustration the two variables are 1) age, gender, civil status, occupation
Processes and Physical Evidence. This variable will make consumer protect them
from any deficiency or defect of the products and also it gives as a standards and
Product gives capacity to meet consumer needs and gives customer satisfaction
by improving the products and making them free from any deficiencies, Price
charges for a good or service and what the consumer is willing to give up to receive
product mix to position and distribute the product in a place that is accessible to
encouraging the sale of the good or service to their target market. People An
essential ingredient to any service provision is the use of appropriate staff and
interpersonal skills, aptitude and service knowledge to provide the service that
customers are paying for. Processes the systems and processes of the minimarts
affect the execution of the service to make sure that well-tailored process in place
to minimize costs. Physical evidence is the element of the service mix which
will make perceptions based on their sight of the service provisions, which will have
Age Product
Income Price
Place
Gender
Promotion
Civil Status
People
Occupation Processes
respondents.
CHAPTER 3
METHODOLOGY
Source of Data
The source of data for this study is the primary data taken from the
to the present study and collect by the researcher through communication methods
with the respondents. For this kind of data, survey techniques were used to answer
research is best method to answer the research questions and objectives of the
study.
researcher design a survey questionnaire which has two parts, where the first part
is about the demographic profile of the respondents and the second part measures
the customer level of satisfaction on the minimart product quality, product Price,
Sampling Techniques
This study will use random sampling technique, particularly the simple
Rizal Memorial Colleges research panel for review, revision, before the researches
will do the data gathering. The study will be conduct to gather data of customer
satisfaction of minimart in Davao City through the interpretation of the data collect
among 150 costumers of minimart in Davao city. The research data gathered from
All needed data will be encode tallied, interpret analyze using descriptive
statistics such as frequency distribution, weighted average (mean), and the Cross
statistics will be utilized, particularly the descriptive statistics that concerned with
INTERNET
Ajeet Mishra (July 23, 2015) Why is Promotion is Important for a Business?
Desirae Odjick May 28, 2018 How to Price Your Product: What you need to
Product
Krista Angela M. Montealegre July 30, 2019 Mini-marts are in as retail giants
Lindsey Peacock January 8, 2019 pricing strategy: 10 ways to find the Perfect
Miyuri Shirai July 1, 2014. Effects of Quality and Price Appeals on Consumers
– 840.
Simon Preece July 23, 2014 the five things Product Packaging Must Do.
Susan Ward (October 4, 2018), 8 Rules for Good Customer Service, Giving
Customers the kind of customer service that keeps them coming back.