Professional Documents
Culture Documents
Indhu V
Indhu V
By
INDHU V (C21UG151CCA088)
HUSNIYA ANJUM A (C21UG151CCA087)
KANIMOZHI V (C21UG151CCA090)
KANIZ FATHIMA SHAIKH K (C21UG151CCA091)
KAVIYA K (C21UG151CCA092)
MAHALAKSMI R (C21UG151CCA097)
NERISAIVITHAGI N (C21UG151CCA098)
1
ARIGNAR ANNA COLLEGE (ARTS & SCIENCE)
(AFFILIATED TO PERIYAR UNIVERSITY, SALEM - 11)
KRISHNAGIRI - 635 1115
INDHU V (C21UG151CCA088)
HUSNIYA ANJUM A (C21UG151CCA087)
KANIMOZHI V (C21UG151CCA090)
KANIZ FATHIMA SHAIKH K (C21UG151CCA091)
KAVIYA K (C21UG151CCA092)
MAHALAKSMI R (C21UG151CCA097)
NERISAIVITHAGI N (C21UG151CCA098)
A Project submitted in partial fulfillment of the requirements for the award of the degree of
2
INTERNAL EXAMINER EXTERNAL EXAMINER
3
CERTIFICATE
done by INDHU V has been originally carried out by her under the guidance
Place: Guide
Date:
4
DECLARATION
(Arts & Science), Krishnagiri – 635 001 and submitted in partial fulfillment, of the
requirements for the award of the degree of Bachelor of commerce, and it had been
ACKNOWLEDGEMENT
5
I love to dedicate my humble attempt to those who really struggle to survive in this
world and thanks to God. Life for them is not easy it seems smooth and straight for many.
M.sc.,M.Phil., PhD., Arignar Anna College (Arts & Science), Krishnagiri, for his
profound scholarship and insightful guidance that helped me develop and shape this research
work in the present form. His perceptive guidance is not less than a debt that I cannot afford
to pay back. Working with him had been a thrilling academic experience and will be a joy
forever.
M.Phil, MBA., Ph.D., Arignar Anna College (Arts & Science), Krishnagiri for his
constant support and guidance to complete this dissertation work successfully. Words are
deficient to express the sense of gratitude that feels my heart for his beneficial suggestions,
motivation, patience, an empowering me to finished my work successfully
I express my special thanks to my family members for their continuous support in this
research. I keep in mind the help rendered by my parents and my friends.
LIST OF CONTENTS
6
CERTIFICATE
ACKNOWLEDGEMENT
DECLARATION
LIST OF TABLE
LIST OF CHART
I INTRODUCTION 10 to 23
24 to 30
II REVIEW OF LITERATURE
LIST OF CHART
7
26
28
30
32
34
36
38
40
42
44
46
48
8
50
52
54
56
58
60
62
64
66
9
CHAPTER I
INTRODUCTION
Today human begins work with the time. The various activities to be performed on
generally prescribed on the basis of time factor. Thus time is considered to be a fresher factor
in every walk of life. Now-dayswe find no person without a wrist watch and a home without
10
a clock. Thus the watches have become almost a necessity for human begins; to whichever
economic class they belong.In the 18th and 19th century watch industry has flourished in
western world only, specifically Switzerland but the second half of the 20th century has seen
company as created history in the Indian watch industry by manufacturing and marketing
different brands of watches not only in Indian market but also in the international
Market. This project work titled “Consumer Satisfaction towards Titan Watches” is a effort to
study the market response to Titan brand of watches.Consumer purchasing behavior can be
explained as the analysis of how, when, what and why people buy. Understanding the
Marketing executives are constantly analyzing the changes in consumer purchasing behavior
to predict the future trends. The knowledge of consumer purchasing behavior helps the
marketer to understand how consumers think, feel and select from alternatives like products,
brands etc. Now-a-days consumers are becoming more socially conscious in their purchasing
behaviors and for some it is becoming a more important aspect of purchasing criteria
In fact, buyers are extremely choosy about the brand and type of wrist watches they wear.
Being extremely brand conscious, their tastes have advanced throughout the years and have
gone beyond the domains of durability to pick in terms of aesthetics and classy. Subsequently
it is a buyers’ market with large number of designs that have entered and overwhelmed the
market place.
The watch industry in the current scenario is booming and attaining a rapid growth in
India. Different brands with different technology and designs have entered into the market
which raised the competitiveness in the industry. With the advent of new technology, a
revolutionary change is occurred in the watch market of India. The brand watch market has
11
been emerged with global competitors with their style and fashion watches in India. The
various activities that is to be performed are prescribed on the basis of time factor in the
present scenario. With the arrival of new technology, a radical change has occurred in the
watch market in India. Watches have become almost a necessity for human beings, to
whichever economic class they belong. While purchasing a watch the price is consider to be
the most important factor as well as appearance also become the important factor to be
considered.
Marketing is getting more and more customer centric with all the big brands focusing
on what customer needs and what satisfies their customers more. In such a customer focused
business world, studying the customer satisfaction has become necessary for all the
businesses and industries. Surveying the customers regularly and in a variety of ways is a
critical part of running a successful business, regardless of your industry, product or service.
loyalty." "Customer satisfaction data are among the most frequently collected indicators of
market perceptions. Their principal use is twofold:" 1. "Within organizations, the collection,
analysis and dissemination of these data send a message about the importance of tending to
customers and ensuring that they have a positive experience with the company's goods and
services." 2. "Although sales or market share can indicate how well a firm is performing
currently, satisfaction is perhaps the best indicator of how likely it is that the firm’s customers
will make further purchases in the future. Much research has focused on the relationship
between customer satisfaction and retention. Studies indicate that the ramifications of
satisfaction are most strongly realized at the extremes." On a five-point scale, "individuals
who rate their satisfaction level as '5' are likely to become return customers and might even
evangelize for the firm. A second important metric related to satisfaction is willingness to
recommend. This metric is defined as "The percentage of surveyed customers who indicate
12
that they would recommend a brand to friends." When a customer is satisfied with a product,
he or she might recommend it to friends, relatives and colleagues. This can be a powerful
marketing advantage."Individuals who rate their satisfaction level as '1,' by contrast, are
unlikely to return. Further, they can hurt the firm by making negative comments about it to
satisfaction."
satisfaction is the best indicator of how likely a customer will make a purchase in the future.
Asking customers to rate their satisfaction on a scale of 1-10 is a good way to see if they will
become repeat customers or even advocates. Any customers that give you a rating of 7 and
above, can be considered satisfied, and you can safely expect them to come back and make
repeat purchases. Customers who give you a rating of 9 or 10 are your potential customer
advocates who you can leverage to become evangelists for your company. Scores of 6 and
below are warning signs that a customer is unhappy and at risk of leaving. These customers
need to be put on a customer watch list and followed up so you can determine why their
satisfaction is low. That’s why it’s one of the leading metrics businesses use to measure
these cut-throat environments are the ones that make customer satisfaction a key element of
Picture two businesses that offer the exact same product. If you had a recommendation for
one business would that sway your opinion? Probably. So how does that recommendation
originally start? More than likely it’s on the back of a good customer experience. Companies
13
who offer amazing customer experiences create environments where satisfaction is high and
customer advocates are plenty. This is an example of where customer satisfaction goes full
circle. Not only can customer satisfaction help you keep a finger on the pulse of your existing
3. It reduces customer churn An Accenture global customer satisfaction report (2008) found
that price is not the main reason for customer churn; it is actually due to the overall poor
quality of customer service. Customer satisfaction is the metric you can use to reduce
customer churn. By measuring and tracking customer satisfaction you can put new processes
in place to increase the overall quality of your customer service. I recommend you put an
Do that for six months, than measure customer satisfaction again. See whether your new
COMPANY PROFILE
Titan is the largest watch company in India and the sixth largest in the world.
Background.
Titan Industries was established in 1984 as a joint venture between the Tata Group and Tamil
Nadu Industrial Development Corporation (TIDCO). The company set up its corporate office
in Bangalore (Karnataka) and its watch manufacturing facility in Hosur (Tamil Nadu).In two
decades the company has built an impressive watch business to become India’s largest
manufacturer and the world's sixth largest manufacturer of watches. This has mainly been
achieved by developing a formidable distribution network. The company has amongst the
world's largest retail chain of exclusive retail showrooms for watches called ‘The World of
It also has multi-brand outlets named ‘Time Zone’, service centers and dealer outlets.
Globally Titan has a presence in over thirty countries through its marketing subsidiaries.
14
Titan has also entered the jeweler business in 1995.Jewellery is sold in India through an
exclusive company controlled retail chain, comprising of owned and franchised outlets. It is
The company has watch assembly plants at Defraud (Uttar Pradesh) and Baddi (Himachal
The majority stake in the company is held by the promoters, with TIDCO having 28 per cent
of the shares and Tata Group companies owning 25 per cent of the shares. Public holding in
the company is around 28 per cent. The rest of the stake is held by foreign institutions, on-
In watches, the company has two flagship brands – Sonata and Titan. Sonata is positioned in
the lowed segment in the market with a price band of Rs 250 to Rs 1250,thus addressing the
affordability
PLANTS
&TIDCO MiddleEast,
jeweler
Africa,
Asia,pacific&
Europe
The watches division comprises brands sonata, fastrack, raga, octane and xylems. In
2011,the company secured license for marketing and distribution of Tommy Hilfiger and
15
Hugo Bosswatches. Favre leuba was incorporated in 2012. In 2018, the division accounted
for Rs.2, 126cores in revenue which was 10% of the total of the company.
SONATA
FASTRACK
16
RAGA
17
OCTANE
TOMMY
18
XYLEMS
19
HUGO BOSS
Titan Time Products Limited (TTPL) Set up initially as a joint venture between
(TIHBV)
Titan International Middle East (TIME) Associate company that markets the Titan as
Africa
Titan International Marketing Limited Associate company that carries out marketing
Titan Watches &Jewellery International Deemed subsidiary that carries out marketing
20
issue of Indian consumers.The brand Titan is positioned in the middle and upper segment and
The jewellery business selling under the brand name ‘Tarnish’ has a share of slightly over 50
per cent in the total revenues of the company while watches have about 45%.The balance is
accounted for by the new businesses viz.Precision Engineering, Accessories & Licensed
The company is involved in retailing of accessories like sunglasses (brand Fastback) and
Watches under the license of designer wear brand Tommy Hilfiger have also been launched.
In the international markets Titan has also introduced a perfume under the brand name
Evolve.
Titan’s first foray into international markets was through the export of watch movements in
1989.This was a result of an arrangement with France Ebauches from whom Titan had
sourced its movement technology to buy back a part of Titan’s production of watch
movements. This led the company to get keen on selling the value-added watch in the
international markets instead of selling the movements. The company first launched its watch
range in the Middle East in 1991.The Middle East emerged as the best choice as it had a
sizeable non-resident Indian population that was familiar with the brand. With the availability
21
The first global footprint was placed in the United Arab Emirates — the largest market in the
Middle East. This was followed by an entry into Kuwait, Oman, SaudiArabia, Egypt and a
few key markets in Africa. Despite competition from global majors, Titan achieved sales of
over 100,000 watches within a year of its launch. With the success of the Middle East
venture, the company was eager to advance its geographic presence. The neighboring
countries of Sri Lanka, Bangladesh, Nepal and Maldives were identified as ideal locations.
The company also moved into the Asia-Pacific markets of Singapore, Vietnam, Malaysia,
After covering these markets, the company set its sights on Europe. The company decided
against the soft option of driving its globalizationthrough private label exports. It launched its
watches under its own brand name in the UK market in 1993.The direct sales route was
After an extensive survey of the European market, Titan found that with brands jostling for
shelf space, retailers needed good reasons to stock the brand.The need of the hour was also to
create strong consumer demand.So the company unleashed a massive advertising campaign
The Titan has a initial designs had to be augmented with a new collection.So the company
went back to the drawing board and created a completely new collection for the European
Greece and UK,in which it had a fairly large presence. All sales and marketing efforts were
only on these markets. This move halved the advertising spend in the European market.
22
The globalization efforts of the company rested with this division with a sharp focus on
Titan watches are sold internationally through a network of approximately 2500 dealers
The watch industry historically was a licensed industry in India with the only major player
having the license to manufacture watches being HMT. However, HMT was strong only in
the mechanical watches segment. It only made a handful of ordinary looking quartz watches
and neglected styling altogether. In the late 1970s the Government of India as a part of its
efforts to step up watch production in the country had granted TIDCO the license to
manufacture watches, theother recipients of the license being small-scale units.TIDCO was
seeking an Indian partner to collaborate with and was aware of the Tata Group’s intention to
enter into watch production. The Tata Group saw this as an opportunity and formed a joint
The company made aggressive efforts to ramp up its position in the domestic market. Besides
heavy advertising and publicity to build up a brand name, the company also concentrated on
the design element. At the time of Titan’s entry, the consumer had a total of 400 models to
choose from across various brands and companies. Titan entered with 200 models of its own
and rapidly expanded its product range to over 850 models. Its product development cell
focused on encouraging consumers to own multiple watches in order to expand the market.
Titan also revolutionized the retail market with its innovations in enhancing the customer’s
23
CHAPTER-II
REVIEW OF LITERATURE
Joseph N. Fry and Fredrick H. Siller (1970) 1, in the study titled "A comparison of
Housewife Decision making in Two Social Classes" compared elements of the purchase
decision processes of working women and middleclass housewives under the relatively
24
controlled condition of a simulated purchasing behaviour. Comparison of brand preference
and deal sensitivity measures for the two social classes uncovered a genuinely high degree of
similarity in observed behaviour during the purchasing simulation
Jeffrey (1971)2in his studies stated that one among the key variables in studying the
role of risk is handling in the consumer decision process is self-confidence. When taking problem
solving purchase choice decisions, low self-confidence customers would be defensive or
indecisive.
Farquhar (1989)3 considers that building a strong brand within consumers’ minds
means creating a positive brand evaluation, an accessible brand attitude, and a consistent
brand image, the accessible brand attitude actually referring to what the others term as
awareness.
Keller, 19935Brand awareness is the first and prerequisite dimension of the entire
brand knowledge system in consumers’ minds, reflecting their ability to identify the brand
under different conditions: the likelihood that a brand name will come to mind and the ease
with which it does so
Chang and Wildt (1994) 6in their study found that the price influence on the quality
perception became less because of the increase in the number of the intrinsic attributes
Other authors (Laurent, Kapferer and Roussel, 1995) 7 suggest three classical
measures of brand awareness in a given product category: spontaneous (unaided) awareness
(consumers are asked, without any prompting, to name the brands they know in the product
category – in this case the unaided awareness of a brand is the percentage of interviewees
indicating they know that brand), top of mind awareness (using the same question, the
percentage of interviewees who name the brand first is considered) and, respectively, aided
25
awareness (brand names are presented to interviewees – in this case the aided awareness of a
brand is the percentage of interviewees who indicate they know that brand).
Barry, Anna Marie Seward: Visual intelligence,1997 8 In educated societies, the human
brain has been trained to analyze text in a way that a reader is able to interpret writing as
whatever he or she sees in the meaning of the words by analyzing the context in which the
text was written. Through teaching people to read and analyze literature, the educated society
has become more accustomed to picking apart the words they are reading. That same process,
however, does not hold true for the human perception of images. Through societal norms, we
have grown accustomed to accept images as truth without using the same analytical process
to pick apart images in the way we do text. The human perception of “truth in images” plays
a major role in the modern day trend of manipulating photographs, in this increasingly digital
age, photographs can be manipulated to portray an illusion of whatever the manipulator wants
the picture to be. This can be especially prevalent in print advertising, where the main goal is
to influence the needs or desire of a consumer with persuasive images
Chapman and Wahlers, (1999)10, in their study had found that consumers have a
belief “the higher the cost, the higher the quality” and “the lower the cost, the lower the
quality’’
Hoyer and MacInnis, (2001)11had said that an individual’s attitude will affect his/her
behaviour or not depends on several variables such as: level of involvement or elaboration,
knowledge and experience, accessibility of attitudes, situational factors and also personality
variables
26
David SLandes; Revolution in time ,(2004) 12World of keeping in general and
mechanical watches in particular is a fascinating and complex field .Highly complex micro-
mechanical system , the history of development of movement and design trends and political
and personal intrigues of industry provide for interesting reading and endless opportunity for
research
Venkoba Rao (Apr-Jun 2008)13 in their study reveal that consumers prefer branded
watches that are of Indian make in round or square shape offering 1.2 years or above
warranty in the price ranges below Rs. 1000 and Rs. 1000-3000. 'Need-based' purchases are
made from company showrooms/authorized outlets on cash payment. The preferences of
male and female consumers do not differ much. The young consumers are more conscious
about their preferences compared to the middle-aged and older consumers. Though widely
exposed to international trends, consumers are price conscious and prefer to buy only
affordable branded watches through extensive search
Husic and Cicic, (2009)15, believed that monthly salary may moderate the consumer
behaviour in consumption of luxury branded goods
27
Kunal Bhattacharya ,(2011)17 attempts to study this changing perception and
preferences of the Indian consumer towards wrist watches as the market readies to offer a
plethora of opportunity to domestic and international marketers. It outlines consumer likings
and purchase patterns as watch vendors evolve product and promotion strategy in dynamic
market conditions.
Karbasivar and Yarahmadi (2011)19, more apparel impulse purchasing and cash
discounts promotion usage between in sample also in store display has major part to
encourage consumers to do impulse purchases Sellers can also gift complementary products
to encourage consumer to do impulse purchases. Likewise, sealers can increase apparel
impulse purchase with decorating their stores in modern style and use attractive lights and
colours. The result of the study demonstrates that there is a critical relationship between
window display, credit card, promotional activities (discount, free product) and consumer
impulse purchasing behaviour.
28
K. Anitha and DR.M.UmaMaheswari(2013)21 conducted a study on “Customer
satisfaction towards titan watches with reference to Erode District”. The study helps to gain
knowledge about the different types of Titan brands. In this study both primary and
secondary data has been used. The simple percentage analysis, chi-square analysis and
weighted average tools has been used in this study. The findings of the study reveals that
Titan watches are a fast moving product and the important factors for its quality,
attractiveness, designs and latest new models.
AratiBiradar (2014)22 made a study on “Market study of titan watches”. The
findings of the study are that market performance of two brands of watches namely, titan
watches are presented in the report. They concluded that at the end of advertisement of each
brand are presented and their position in the market is determined.
Rizwan Raheem Ahmed (2014)23research study, it has been observed that the
packaging is the most vital factor. It is further inferred that the bundling components like its
Color, packaging material, Design of Wrapper and development are more important factors
when consumers making any buying decision. Finally, it has also been concluded that the
Packaging is one of the most important and effective factor, which influences consumer’s
purchase decision.
29
Dr.Josephine Lourdes De Rose(2015)26made a study on “A review on the factors
contributing to the selection of a wristwatch using conjoint analysis”. The findings of the
study are conjoint analysis displays the key levels under each of the attributes and they
concluded that watches become almost a necessity for human beings to whichever economic
class they belong.
30
CHAPTER III
RESEARCH METHODOLODY
31
RESEARCH OBJECTIVE
1. To know about the demographic and social – economic characteristics of the
respondents.
2. To rank the attributes level in the order in which they contributes towards the
selection of a wrist watches.
3. To find out the respondents level of satisfaction towards titan watches.
4. To give valuable suggestion to improve the quality and services of titan watches in to
the study area.
NATURE OF STUDY
The study is a quantitative as well as qualitative one which has used structured questionnaire
to collect details from respondents
RESEARCH DESIGN
Research design is a logical and systematically plan prepared for directing a research study. A
research design is a arrangement of condition for collection and analysis of data in a manner that aims
to combine relevance to the research purpose with economy in procedure. It is the program that guides
the investigator in the process of collecting, analyzing and interpreting data. It is used to find the
opinion about consumer behavior towards e-marketing. Descriptive research and exploratory design is
adopted in this design.
POPULATION
The population selected from the people who are visiting titan showroom in Krishnagiri.
SAMPLE SIZE
SAMPLING TECHNIQUE
32
The research was conducted by administering questionnaire which investigated a consumer
satisfaction towards titan watches in krishnagiri. A total of 75 questionnaires were distributed to
people who visited in titan showroom sampling method; Accidental sampling method.
STUDY PERIOD
In this research two methods are adopted for collecting the data. They are primary and
secondary data.
Primary Data
Secondary Data.
PRIMARY DATA
Primary data was collected with an aid of a Questionnaire. The questionnaire contains a series of
questions arranged in a proper order. The data collection was done using a questionnaire of 22
questions, which consisted Rank method and liker 5 point scale. The questionnaire was designed to
collect data about the consumer satisfaction towards titan watches.
SECONDARY DATA
Secondary data was collected from the internet, articles from scholarly journals and books.
33
34
CHAPTER IV
TABLE.4.1
35
Male 36 48
Female 39 52
TOTAL 75 100
INTERPRETATION:
The above table 4.1 explains that out of 75 respondents, 39(52%) respondents are
from female and remaining 36(48%) respondents are from male.
Most of the respondents are female.
36
37
TABLE 4.2
Married 29 38.667
Unmarried 46 61.333
TOTAL 75 100
38
TABLE 4.3
10-20 25 33.333
39
20-30 36 48
30-40 6 8
Above 40 8 10.67
TOTAL 75
100
40
TABLE 4.4
Students 32 42.6670
Business/profession 14
18.667
Government employee 9
12
41
Others 20
26.667
TOTAL 75
100
42
TABLE 4.5
43
Below 5000 27
36
5000-10000 8
10.667
10000-15000 13
17.333
Above 15000 27
36
TOTAL 75
100
44
TABLE 4.6
45
S.S.L.C 11 14.667
Graduate 36
48
Post graduate 15
20
Others 13
17.333
TOTAL 75 100
46
TABLE 4.7
Regular 60 80
TOTAL 75 100
47
Most of the respondents are wearing a wrist watches regularly.
48
TABLE4.8
Internet 23 30.667
Advertisement 28 31.333
49
TOTAL 75 100
50
TABLE .4.9
51
Gift to others 19
25.333
TOTAL 75
100
52
TABLE 4.10
53
PREFERENCE NO.OF RESPONDENTS PERCENTAGE
Straps 12 16
Gold frames 26 35
Metallic frames 24 32
Plastics 13 17
TOTAL 75
100
54
TABLE: 4.11
55
AWARENESS NO.OF RESPONDENTS PERCENTAGE
Yes 50 67
No 25 33
TOTAL 75 100
56
57
TABLE:4.12
Quality 53 71
Value of money 5 7
Total 75 100
58
59
Garrett’s Ranking Technique
Garrett’s Ranking Techniques was used to rank the preference indicated by the
respondents on different factors. As per this method, respondents have been asked on assign
the rank for all factors and the outcomes of such ranking have been converted into score
value with the help of the following formula:
Where Rji = Rank given for the ith variable by jth respondents.
Nj = Number of variable Ranked by jth respondents.
With the help of Garrett’s Table, the percent position estimated is converted into
scores. Then for each factor, the score of each individual are added and then total value of
score and mean value of score is calculated. The factors having highest mean value is
considered to be the most important factor.
60
Objective:
To identify the reason for purchasing titan watches.
The following sources are considered most important reasons for purchasing titan
watches based on Garret ranking.
1) Quality
2) Design
3) Price
4)Attractiveness
5) Company reputation
61
TABLE 4.14
45 60
Yes
30 40
No
75 100
TOTAL
62
63
OBJECTIVES:
To identify the factors before purchasing a new titan watch.
The following sources are considered most important factors before
purchasing a new titan watch.
1) Color
2) Brand
3) Price
4)comfort
5) Size and Shape
6)Water Resistance
7)Special Features
8) Straps and Bracelets
9)Packaging
10)Quality
T-TEST ANALYSIS.
NULL HYPOTHESIS.
There is no significant difference in satisfaction level of consumers of
various product features. Assume the respondents are atleast neutral to the statement.
µ =3
ALTERNATIVE HYPOTHESIS:
There is a significate difference in satisfaction level of consumers in product
features.
µ ≠3
LEVEL OF SIGNIFICANCE
TABLE 4.16
DESCRIPTIVE STATISTICS
ONE-SAMPLE STATISTICS
64
FEATURES N Mean Std. Deviation Std. Error Mean
DESIGN 75 1.9600 .19728 .02278
PRICE 75 1.9200 .27312 .03154
QUALITY 75 1.8533 .35616 .04113
ATTRACTIVE 75 1.8267 .38108 .04400
COMPANY REPUTATION 75 1.8400 .36907 .04262
STATUS 75 1.7333 .44519 .05141
AFTER SALE SERVICE 75 1.7067 .45836 .05293
BATTERY WORKING 75 1.7333 .44519 .05141
OFFERS 75 1.6667 .47458 .05480
COLLECTIONS 75 1.7200 .45202 .05220
ONE-SAMPLE TEST
Test Value = 0
FEATURES 95% Confidence
Interval of the
Sig. (2- Mean Difference
T Df tailed) Difference Lower Upper
DESIGN 86.041 74 .000 1.96000 1.9146 2.0054
PRICE 60.880 74 .000 1.92000 1.8572 1.9828
QUALITY 45.066 74 .000 1.85333 1.7714 1.9353
ATTACTIVE 41.512 74 .000 1.82667 1.7390 1.9143
COMPANY
43.175 74 .000 1.84000 1.7551 1.9249
REPUTATION
STATUS 33.718 74 .000 1.73333 1.6309 1.8358
AFTER SALE SERVICE 32.246 74 .000 1.70667 1.6012 1.8121
BATTERY WORKING 33.718 74 .000 1.73333 1.6309 1.8358
OFFERS 30.414 74 .000 1.66667 1.5575 1.7759
COLLECTIONS 32.953 74 .000 1.72000 1.6160 1.8240
65
CONCLUSION:
The computed P value (0.000) is lesser than the critical value at
5%(0.05),hence we reject the null hypothesis.
DECISION:
There is a significant difference in satisfaction level of consumer on their
various product features.
TABLE 4.17
Alligator 6
Leather 26
35
Steal 13
17
Titanium 20
27
66
Rubber 10
13
TOTAL 75
100
67
TABLE 4.18
68
PERCENTAGE
Online 25 33.333
Watches shops 40
53.333
Branded watch 10
shop/jewellery
13.333
TOTAL 75
100
69
TABLE 4.19
70
AMOUNT NO.OF.RESPONDENTS
PERCENTAGE
1500-2000 27
36
37
TOTAL 75
100
71
TABLE 4.20
72
AFFORDABLE LEVEL NO.OF RESPONDENTS
PERCENTAGE
Strongly agree 21 28
Agree 38
51
Disagree 2
Neutral 14
19
TOTAL 75
100
73
/TABLE 4.21
74
RECOMMENDATION NO.OF RESPONDENTS
PERCENTAGE
Yes 46 61
No 29
39
TOTAL 75
100
75
76
CHAPTER V
Most of the respondents are from the marital status are unmarried.
Most of the respondents are from age group are 20-30 years.
Most of the respondent’s monthly income is below Rs5000 and above Rs 15000.
77
Most of the respondents are graduated.
Most of the respondents are from purpose of purchasing for own use.
There is a huge difference in quality between titan watches and other brands.
Mostly the respondents accepted that the publicity of watches by celebrity affects
Most of the respondents willing to spend on watch at rupees more than 2000.
SUGGESTION
The survey of consumers has revealed the like and dislikes and taste regarding wrist
watches and Satisfaction level in relation to Titan industries Ltd. The consumers have
forwarded the following suggestions for the consideration of the company and dealers.
The respondents feel that the price of Titan watches is too high. They anticipate a
reduction in the price, which can be affordable to all common class of people.
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The service for the new watches should be improved.
One service mechanic must be provided by the company at every showroom to ensure
Some respondents feel that the price of spares of Titan watches is high and suggest
Some more attractive festival offers and gifts should be given on purchases.
All varieties of watches should be made available in show room, which cater to the
Advertisements in local media should be increased. This may cover rural areas also.
Some respondents suggested that Titan industries Ltd., should manufacture separate
The dealer has to improve after sales service to satisfy the customers.
CONCLUSION
The Titan brand of watches coming from the Titan industries is known for quality and
performance in the domestic and international markets. The consumer of Titan brand watches
are highly satisfied customers having pride in owning and wearing the most sophisticated,
Titan brand watches are in great demand not only in India but also abroad. It is owing
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The turnover of titan brand of watches has shown uptrend from year to year. Titan watches
Though, there, is increasing demand for all varieties of Titan a watch, a few
has to put its efforts in improving quality of its watches, introduce new varieties with
changing out look to appeal and attract potential customers for its products. Again the
company can also consider for a reduction in the prices which may make it market leader in
Finally it can be said that the performance of Titan watches is not only amazing but
also highly satisfactory. The company can achieve further success by improvement the
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APPENDIX
QUESTIONNAIRES
1. NAME:
2. Gender:
a) Male [ ] b) Female [ ]
3. Marital status:
a) Married [ ] b) Unmarried [ ]
4. Age:
a) 10 to 20 [ ] b) 20 to 30 [ ]
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c) 30 to 40 [ ] d) Above 40 [ ]
5. Occupation:
a) Student [ ] b) Business person/profession [ ]
6. Monthly income:
7. Qualification:
a) S.S.L.C [ ] b) Graduate [ ]
a) Yes [ ] b) No [ ]
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2. Price
3. Quality
4. Company reputation
5. Attractiveness
a) Yes [ ] b) No [ ]
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working
9 Offers
10 Collections
d) Titanium [ ] e) Rubber [ ]
a) Yes [ ] b) No [ ]
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