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Definition of Problem:
Schmitten Luxury Chocolate provides a taste which isnt preferred by the Indian
taste buds which is resulting into fewer sales.
Description of problem:
Schmitten Luxury Chocolate is a new entrant into the Indian market. Due their
heavy advertising including the Ad with Priyanka Chopra, many people tried the
chocolates offered by Schmitten but didnt like how it tasted either it was very
sweet or okay in comparison to the competitive brands, which resulted into the
people continuing with their existing chocolate brands rather than switching to
Schmitten Chocolates.
Hypothesis:
Alternate: The hypothesis statement for Schmitten Chocolates is that the diverse
tastes of the chocolates are affecting the sales of Schmitten.
Null: The hypothesis statement for Schmitten Chocolates is that the diverse taste of
the chocolates is not affecting the sales of Schmitten.
Research Methodology:
Technology and customers tastes and preferences play a vital role in todays
generation. Research Methodology is a set of various methods to be followed to
find out various information regarding market strata of different products.
Research Methodology is required for every industrial service industries for getting
acquire knowledge of their products.
Research Design
The research work is exploratory in nature, and is meant to provide the basic
information required to fulfill the Research objectives. The findings can be
consolidated after a detailed conclusive study has been carried out.
Sample Design
Sample Size
Data Sources
Data Analysis
The market survey and the techniques for marketing are carried out by doing an
online survey using a questionnaire. Quantitative method of data analysis is done.