Professional Documents
Culture Documents
AT
BIG BAAZAR
REPORT SUBMITTED IN
BY
who helped us to finish this report on consumer Behavior. I extend our sincere
gratitude to Prof. Ambily Sreekumar our Internal guide for her valuable
guidance in steering the course of the study and in the preparation of this report.
conducted my studies.
I am also grateful to other Staff of Big Bazaar family center, Bansankari for
their support and encouragement. We also convey our thanks to all staff of
Acharya Institute of Management & Science for their support and help to make
Place: Bangalore
This is to declare that the project report titled “Study on consumer Behavior”
guidance of Prof. Ambily Sreekumar and this project report has not been
previously submitted to any other university or institution for the award of any
degree.
Place: Bangalore
Sl. Page
Particulars
No. no.
1 Introduction 6
1.1 Industry profile 7
1.2 Company profile 9
1.3 Big bazaar promise 13
1.4 Vision, mission & core values 15
1.5 Board of director 16
1.6 SWOT Analysis 18
2 Introduction to marketing 20
2.1 Definition 21
2.2 Marketing strategy 22
2.3 Marketing Mix 25
2.4 Retailing 28
3 Introduction to consumer 33
3.1 Definition 34
3.2 Types of consumer 35
3.3 Model of consumer decision making 37
3.4 Consumer satisfaction 37
4 Research 0bjective 41
5 Research methodology 43
Analy
7 51
sis
Graphical representation of data
9 Bibliography 75
10 Appendices 77
Questionnaire
There is no use of PGDM unless and until the classroom knowledge is applied in real
business world in order to gain success. Practical knowledge always has got a weight age
over theoretical knowledge. Such study provides opportunity to bridge the gap between the
theory and practical. Here the student intern gets an exposure to the real corporate world as a
prelude to his corporate life. After having learn the basics in the first two semesters Study on
consumer behavior gives an opportunity to apply them which helps the student to improve
his self image and confidence and ultimately to understand the concepts better.
This project added to my learning in many ways. This study on consumer behavior helped
me to pick up and understand the marketing strategy better. This project work enabled to
know the strength and weakness of Big Bazaar with respect to their customer response.
The project work throws light on the strength and weakness of the company’s consumer
relations as compared to the competitors , and also intends to give necessary information to
the company to understand where they are having a good feed back and where they are
lagging behind. Here more importance is given to learning the factors that affect the
consumer behavior.
“Retailing includes all the activities involved in selling goods or services to the final
consumers for personal, non-business use”.
-Philip Kotler
The organized retail sector in India has a very low contribution to the entire retail sector in
the country. Hence there is ample scope for the new players to achieve success. Large young
working population with average age of 24 years, nuclear families in urban areas, along with
increasing working women population and emerging opportunities in the services sector are
going to be the key growth drivers An organization selling directly to final consumer-
whether a manufacturer, wholesaler or retailer is doing retailing. It does not matter how the
goods or services are sold (by person, mail, telephone, vending machine or internet) or where
they are sold( in store, on the street, or in consumer’s home).
Retail is India’s largest industry, accounting for 10% of country’s GDP and around 8 percent
of employment. Modern retail has entered India as seen in shopping centers, multi storied
malls and huge complexes offer shopping, entertainment and food all under one roof. India
has seen the concept of hypermarket coming of age. Players like Wall-mart, metro have
established hypermarkets in many countries. In India hypermarket concept is in nascent
stage, retailers like Pantaloons, Tata, RPG have started hypermarket operations and they are
having plans to expand aggressively to all the regions of India.
Among all the global retail markets Indian retail market is the most expanding. This is owing
to the absence in restriction at the entry level. So, large foreign companies can enter in the
green retail fields of India.
BIG BAZAAR
BHARTI RETAIL
RELIANCE RETAIL
STAR BAZAAR
MORE
MEGA MART
FOOD WORLD
SAFAL
FUTURE GROUP
Future Group is one of India’s leading business group with multiple businesses spanning
across the consumption space. Led by its founder and Group CEO Mr. Kishore Biyani Future
Group operates through different verticals: consumer finance, capital, insurance, leisure and
entertainment, brand development, retail, real estate development, retail media and logistics.
Apart from Pantaloon retail, the group’s presence in the retail space is complimented by
group companies, Indus league clothing, which owns leading apparel brand like Indigo
Nation and Urban Yoga, and Galaxy Entertainment ltd that operates Bowling Co, Sports Bar,
F123 and Brew Bar .
Pantaloon Retail India Limited is India’s leading retail company with presence across
multiple lines of business. Led by Pantaloon Retail, the group operates over 12 million
square feet of retail space in 71 cities and towns and 65 rural locations across India.
Headquartered in Mumbai (Bombay), Pantaloon Retail employs around 30,000 people and is
listed on the Indian stock exchanges. The company owns and manages multiple retail formats
that cater to a wide across section of the Indian society and is able to capture almost the
entire consumption basket of the Indian consumer.
In the lifestyle segment, the group operates Pantaloons, a fashion retail chain and Central, a
chain of seamless malls. In the value segment, its marquee brand, Big Bazaar is a
Pantaloon Retail forayed into modern retail in 1997 with the launching of fashion retail
chain, Pantaloon’s in Kolkata. In 2001, it launched Big Bazaar, a hypermarket chain that
combines the look and feel of Indian bazaars, with aspects of modern retail, like choice,
convenience and hygiene. This was followed by Food Bazaar, food and grocery chain and
launch central, a first of its kind seamless mall located in the heart of major Indian cities.
BIG BAZAAR
Big bazaar is the company’s foray into the world of hypermarket discount stores, the first of
its kind in India. Price and the wide array of products are the USP’s in Big Bazaar. Close to
two lack products are available under one roof at prices lower by 0 to 60 per cent over the
corresponding market prices. The high quality of service, good ambience, implicit guarantees
and continuous discount offers have helped in changing the face of the Indian retailing
industry. A leading foreign broking house compared the rush at Big Bazaar to that of a local
suburban train.
Big Bazaar is a chain of shopping malls in India, owned by the Pantaloon Group and which
work on Wal-Mart type economies of scale. They have had considerable success in many
Indian cities and small towns. Big Bazaar provides quality items but at an affordable price. It
is a very innovative idea and this hypermarket has almost anything under one
roof….Apparel, Footwear, Toys, Household Appliances and more.
TLE OF
CONTENT
S Sl.
No.Particula
rsPage
no.1Introduc
tion6
1.1Industry
profile71.2Com
pany profile
91.3Big bazaar
promise131.4Vi
sion, mission &
core
Beauty Food values151.5Boa
rd of director
& 161.6SWOT
Analysis
GM
182Introduct
Wellnes ion to
s Line marketing20
2.1Definition
212.2Marketing
strategy
Fashion of 222.3Marketing
Mix252.4Retaili
ng283Introdu
busines ction to
consumer33
3.1Definition34
Books s 3.2Types of
consumer353.3
& Leisure Model of
Electron
consumer
Stationar & decision
y Entertainm ics
making373.4Co
nsumer
Acharya Institute of Management & sciences, Bangalore ent Page
satisfaction374
11
Research
Research
methodolog
y436Limitati
ons497Analy
sis51Graphical
representation
of
data8Conclus
ion &
recommend
ation719Bibl
iography751
0Appendice
s77Questionnai
re ome
At Big Bazaar, you will get: A wide range of products at 0 – 60 % lower than the
corresponding market price, coupled with an international shopping experience.
GROUND FLOOR
Plastics, crockery, utensil, cosmetics, health care, body care, skin care, personal care, home
care, food items, oil & ghee, staple food, fruits & vegetable.
FIRST FLOOR
Materials Suiting & Shirting, Textiles, Saris, men’s accessories, Baby Accessories, games
(toys), footwear
SECOND FLOOR
Home decor, lights, furniture, sanitary, Electronics, Luggage, stationary, linen, electrical
accessories
THIRD FLOOR
Food Bazaar’s core concept is to create a blend of a typical Indian Bazaar and International
supermarket atmosphere with the objective of giving the customer all the advantages of
Quality, Range and Price associated with large format stores and also the comfort to See,
Touch and Feel the products. The company has an aggressive private label with its own
brands of salt, spices, pulses, jams, ketchups, snacks, home care products, personal care
product etc. With unbeatable prices and vast variety (there are 42 varieties of rice on sale),
Food Bazaar has proved to be a hit with customers all over the country.
‘FOOD BAZAAR' a division of Pantaloon Retail India Ltd is a chain of large supermarkets
with a difference. Food Bazaar represents the company’s entry into food retail and is
targeted across all classes of population. Food Bazaar replicates a local ‘mandi’, to provide
the much important ‘touch & feel’ factor which Indian housewives are used to in the local
bazaar. Food Bazaar has over 50,000 stock keeping units which cover grocery, FMCG
products, milk products, juices, tea, sugar, pulses, rice wheat etc, besides fruits and
vegetables. All products are sold below MRP and discounts range between 2% to 20%. Fruits
and vegetables are sold at prices comparable to wholesale prices
GROUP MISSION:
We share the vision and belief that our customers and stakeholders shall be served only by
creating and executing future scenarios in the consumption space leading to economic
development.
We will be the trendsetters in evolving delivery formats, creating retail realty, making
consumption affordable for all customer segments – for classes and for masses.
We shall ensure that our positive attitude, sincerity, humility and united determination shall
be the driving force to make us successful.
CORE VALUES:
Simplicity & Positivity: Simplicity and positivity in our thought, business and action.
Kishore Biyani is the Managing Director of Pantaloon Retail (India) Limited and the Group
Chief Executive Officer of Future Group.
Gopikishan Biyani is a commerce graduate and has more than twenty years of experience in
the textile business.
Rakesh Biyani is a commerce graduate and has been actively involved in category
management; retail stores operations, IT and exports. He has been instrumental in the
implementation of the various new retail formats.
Vijay Biyani has more than twenty years of experience in manufacturing, textiles and retail
industry and has been actively involved in the financial, audit and corporate governance
related issues within the company.
Shri Shailesh Haribhakti is a Chartered Accountant, Cost Accountant, and a Certified Internal
Auditor. He is the Deputy Managing Partner of Haribhakti & Co., Chartered Accountants and
past president of Indian merchant Chambers. He is on the Board of several Public Limited
Companies, including Indian Petrochemicals Corporation Ltd., Ambuja Cement Eastern Ltd.
etc. He is on the Board of Company since June 1, 1999.
S. Doreswamy is a former Chairman and Managing Director of Central Bank of India and
serves on the board of DSP Merrill Lynch Trustee Co and Ceat Limited among others.
D. O. Koshy holds a doctorate from IIT, Delhi and is the Director of National Institute of
Design (NID), Ahmedabad. He has over 24 years of rich experience in the textiles and
garment industry and was instrumental in the setting up of NIFT centres in Delhi, Chennai
and Bangalore. He is a renowned consultant specializing in international marketing and
apparel retail management.
Bala Deshpande is Independent Director, Pantaloon Retail (India) Ltd. and also serves on the
boards of Deccan Aviation, Nagarjuna Construction, Welspun India and Indus League
Clothing Ltd, among others.
Anil Harish is the partner of DM Harish & Co. Associates & Solicitors and an LLM from
University of Miami. He also serves on the board of Mahindra Gesco, Unitech, IndusInd
Bank and Hinduja TMT, among others.
STRENGTHS
Fast growing Indian middle class with reasonably good purchasing power.
WEAKNESSES
Can enter into production of various products due to its in depth understanding of
customer’s taste and preferences
There remains a large future scope for the retail industry in India, as incomes rise and
consumption increases
The opportunity for widening the business all over India because Big Bazaar opens
new stores in untapped markets, such as smaller or second tier cities such as Sangre,
Belgaum and Mysore.
THREATS
Government Policies encouraging the unorganized sector will affect adversely the big
players.
Smaller specialty shops and informal shops are sometimes able to avoid taxes,
offering lower total prices to customers.
The concept of market is very important in marketing. P.Kotler defines a market as an area
for potential exchanges. Thus a market is a group of buyers and sellers interested in
negotiating the terms of purchase or sale of goods or services.
MARKETING:
Marketing consists of a set of principles for choosing target markets, identifying consumer
needs developing wants, satisfying products and services and delivering value to customers
and profit to the company.
Thus marketing comprises an integrated system of business activities in order to plan, price,
promote, and distribute goods and services to meet consumer needs within the limit of
society.
Definition of marketing:
Importance of marketing:
Marketing is a vital connecting link between producers and consumers. Marketing is directly
responsible to maintain the equilibrium between mass production and mass consumption.
PROCESS FOLLOWED
c. Implement our segmentation by optimizing our products/services for that segment and
communicating that we have made the choice to distinguish ourselves that way.
1. SEGMENTATION:
Segmentation involves finding out what kinds of consumers with different needs exist. In the
auto market, for example, some consumers demand speed and performance, while others are
much more concerned about roominess and safety. In general, it holds true that “You can’t
be all things to all people,” and experience has demonstrated that firms that specialize in
meeting the needs of one group of consumers over another tend to be more profitable.
2. Another basis for segmentation is behavior. Some consumers are “brand loyal”—i.e. they
tend to stick with their preferred brands even when a competing one is on sale.
3. One can also segment on benefits sought, essentially bypassing demographic explanatory
variables. Some consumers, for example, like scented soap (a segment likely to be attracted
to brands such as Irish Spring), while others prefer the “clean” feeling of unscented soap (the
“Ivory” segment). Some consumers use toothpaste primarily to promote oral health, while
another segment is more interested in breathe freshening.
2. TARGETING:
In the next step, we decide to target one or more segments. Our choice should generally
depend on several factors:-
First:
How well are existing segments served by other manufacturers? It will be more difficult to
appeal to a segment that is already well served than to one whose needs are not currently
being served well.
Secondly:
Thirdly:
Do we have strengths as a company that will help us appeal particularly to one group of
consumers?
3. POSITIONING:
Positioning involves implementing our targeting. Big bazaar is positioning to its targeting
customer, middle class by giving discount offers, working women by monthly saving bazaar
and home makers by providing a wide range of food, non food, fruits and vegetable.
The easiest way to understand the main aspects of marketing is through its more famous
synonym of "4Ps of Marketing". The classification of four Ps of marketing includes
marketing strategies of product, price, placement and promotion. The following diagram is
helpful in determining the main ingredients of the four Ps in a marketing mix.
PRODUCT:
In simpler terms, product includes all features and combination of goods and related services
that a company offers to its customers.
Product is the most important aspect of marketing mix for manufacturers because products
are the market expression of the company's productive capabilities and determine its ability
to link with consumers. So product policy and strategy are of prime importance to an
PRICING:
Pricing is basically setting a specific price for a product or service offered. In a simplistic to
the concept of price as the amount of money that customers have to pay to obtain the product.
Setting a price is not something simple. Normally it has been taken as a general law that a
low price will attract more customers. It is not a valid argument as customers do not respond
to price alone; they respond to value so a lower price does not necessarily mean expanded
sales if the product is not fulfilling the expectation of the customers
Generally pricing strategy under marketing mix analysis is divided into two parts: price
determination and price administration.
Price determination is referred to as the processes and activities employed to arrive at a price
for a product including consideration of relative prices of products within the same line, and
differences in price for similar products of differing grades and qualities.
Price administration is referred to as the activities involved in fitting basic prices to particular
sales situations such as geographic locale, functions performed by customers, position of
distribution channel members or special sales situations.
Placement under marketing mix involves all company activities that make the product
available to the targeted customer while planning placement strategy under marketing mix
analysis, companies consider six different channel decisions including choosing between
direct access to customers or involving middlemen, choosing single or multiple channels of
distributions, the length of the distribution channel, the types of intermediaries, the numbers
of distributors, and which intermediary to use based on the quality and reputation .
PROMOTION:
Promotional strategies include all means through which a company communicates the
benefits and values of its products and persuades targeted customers to buy them. The best
way to understand promotion is through the concept of the marketing communication
process. Promotion is the company strategy to cater for the marketing communication
process that requires interaction between two or more people or groups, encompassing
senders, messages, media and receivers
Despite the fact that marketing mix analysis is used as a synonym for the 4Ps of Marketing, it
is criticized on the point that it caters seller's view of market analysis not customers view. To
tackle this criticism, attempted to match 4 Ps of marketing with 4 Cs of marketing to address
consumer views:
2.3. RETAILING:
“Retailing includes all the activities involved in selling goods or services to the final
consumers for personal, non-business use”.
-Philip Kotler
RETAIL STORE: this is a place where all the things are available under a one roof in a
organized manner according to consumer needs.
Merchandise assortment
The company was looking for a solution that would bring all of its businesses and processes
together. After a comprehensive evaluation of different options and software companies, the
management at Pantaloon decided to go in for SAP.
Some of the qualities of SAP retail solutions are that it supports product development, which
includes ideation, trend analysis, and collaboration with partners in the supply chain;
sourcing and procurement, which involves working with manufacturers to fulfill orders
according to strategic merchandising plans and optimize cost, quality, and speed–variables
2. Visual merchandising
a. sales
b. retail strategies
d. communicates image
A. Interior merchandising
It includes danglers, signage, standees, distribution of pamphlets, which gives details about
the offers.
B. Exterior merchandising
Advertisement on popular entertainment channels like Star Plus, Sony, Set Max, and Star
One.
Newspaper ads in almost all the local dailies like The Times of India, on different days
during the period of the offer.
ADVERTISING:
A. Objectives of Advertising:
Major Objectives:
1. To promote a new product.
2. To warn the public against imitation of the retailer’s product.
3. To manage competition in the market.
B. Benefits of Advertisements:
1. Advertisement helps in creating awareness among the customer about the existence,
price, and availability of product.
C. Types of advertising:
Purchases of durable products are generally erratic and often too expensive to buy, so the
retailer spends a huge amount on informative advertising.
Classified Advertising:
It refers to messages, which are placed under specific headings and columns in various
magazines and newspapers.
2. PROMOTION:
Promotion can be loosely classified as "above the line" and "below the line" promotion.
The promotional activities carried out through mass media like television, radio, newspaper
etc. is above the line promotion.
Some of the examples of BTL promotions are by exhibitions, sponsorship activities, public
relations and sales promotions like giving free gifts with goods, trade discounts given to
dealers and customers, reduced price offers on products, giving coupons which can be
redeemed later etc.
DISCOUNT DAYS: To increase the sale retail stores has started various discount offer days.
As big bazaar is concern it has big days, PAHLI TARIKH, Wednesday Bazaar, monthly
saving bazaar, power of ten.
3. PERSONAL SELLING:
Publicity non-personal communication in news story form about an organization, its products
or both, that is transmitted through a mass medium at no charge.
5. PUBLIC RELATION:
Public relation is the planned and sustained effort to establish and maintain goodwill and
mutual understanding between an organization and its target customers.
3. INTRODUCTION
TO
Acharya Institute of Management & sciences, Bangalore Page 33
CONSUMER
CUSTOMER:
Customer is a person who is willing to buy the product and supported by the enough
monetary power to pay for it. The customer buys a product to fulfill his demand. So, the
customer expects full satisfaction by the product for which he is paying.
CONSUMER:
One that consumes, especially one that acquires goods, services for direct use or ownership
rather than for resale or use in production and manufacturing. A consumer is an end user.
CONSUMER BEHAVIOUR
The mental and emotional process and physical activities of people who purchase and use
products and services to satisfy their need and wants.
To understand consumer behavior we need to break down shoppers into five main types:
Loyal customers: They represent no more than 20 percent of our customer, but make up more
than 50 percent of our sales.
Discount customers: They shop out store frequently, but make their decisions based on the
size of our markdowns.
Impulse customers: They do not have buying a particular item at the top of their “to do” list,
but come into the store on a whim. They will purchase what seems good at the time.
Need based customers: They have a specific intention to buy a particular type of item.
Wandering customers: They have no specific need or desire in mind when they come to the
store. Rather, they want a sense of experience or/and community.
If we are serious about growing our business, we need to focus our effort on the loyal
customer, and the merchandise our store to leverage the impulse shoppers. The other three
Let me further explain the five types of customers and elaborate on on what we should we
doing with them.
Loyal customers:
Discount customers:
This category helps ensure your inventory is turning over and as a result, it is a key
contributor to cash flow. This same group, however, can often wind up costing you money
because they are more inclined to return product.
Impulse customer:
Clearly, this is the segment of our clientele that we all like to serve. There is nothing more
exciting then assisting an impulse shopper and having them respond favorably to our
recommendations. We want to target our displays towards this group because they will
provide us with a significant amount of customer insight and knowledge.
People in this category are driven by a specific need. When they enter the store, they will
look to see if they have that need filled quickly. If not they will leave right away. As difficult
Wandering Customer:
For many stores, this is the largest segment in terms of traffic, while, at the same time, they
make up the smallest percentage of sales. Keep in mind, however, that although they may not
represent of your immediate sales, they are a real voice for you in the commodity. Many
Wanders shop merely for the intervention and experience it provides them. Since they are
merely looking for interaction, they are also very likely to communicate to others the
experience they had in store. Therefore, although wandering customers cannot be ignored,
the time spent them needs to be minimized.
It's a well known fact that no business can exist without customers. In the business of
Website design, it's important to work closely with your customers to make sure the site or
system you create for them is as close to their requirements as you can manage. Because it's
critical that you form a close working relationship with your client, customer service is of
vital importance. What follows are a selection of tips that will make your clients feel valued,
wanted and loved.
This is the most daunting and downright scary part of interacting with a customer. If you're
not used to this sort of thing it can be a pretty nerve-wracking experience. Rest assured,
though, it does get easier over time. It's important to meet your customers face to face at least
once or even twice during the course of a project.
My experience has shown that a client finds it easier to relate to and work with someone
they've actually met in person, rather than a voice on the phone or someone typing into an
email or messenger program. When you do meet them, be calm, confident and above all, take
time to ask them what they need. I believe that if a potential client spends over half the
meeting doing the talking, you're well on your way to a sale.
This goes without saying really. We all know how annoying it is to wait days for a response
to an email or phone call. It might not always be practical to deal with all customers' queries
A good example of this is my cell phone. They've had some trouble with repairing my
handset which was in warranty period. Due to some parts problem they was not able to give
me on time. At every step I was called and told exactly what was going on, why things were
going wrong, and how long it would be before they will give my cell phone back. They also
apologized repeatedly, which was nice. Even they took time to keep me informed, it didn't
seem so bad, and I at least knew they were doing something about the problems. That to me
is a prime example of customer service.
A fellow Site Pointer once told me that you can hear a smile through the phone. This is very
true. It's very important to be friendly, courteous and to make your clients feel like you're
their friend and you're there to help them out. There will be times when you want to beat
your clients over the head repeatedly with a blunt object - it happens to all of us. It's vital that
you keep a clear head, respond to your clients' wishes as best you can, and at all times remain
polite and courteous.
This may not be too important when you're just starting out, but a clearly defined customer
service policy is going to save you a lot of time and effort in the long run. If a customer has a
problem, what should they do? If the first option doesn't work, then what? Should they
contact different people for billing and technical enquiries? If they're not satisfied with any
aspect of your customer service, who should they tell?
There's nothing more annoying for a client than being passed from person to person, or not
knowing who to turn to. Making sure they know exactly what to do at each stage of their
enquiry should be of utmost importance. So make sure your customer service policy is
present on your site -- and anywhere else it may be useful.
Even if it's as small as sending a Happy Holidays email to all your customers, it's something.
It shows you care; it shows there are real people on the other end of that screen or telephone;
and most importantly, it makes the customer feel welcomed, wanted and valued.
6. Anticipate Your Client's Needs & Go Out Of Your Way to Help Them Out
Sometimes this is easier said than done! However, achieving this supreme level of
understanding with your clients will do wonders for your working relationship.
Take this as an example: you're working on the front-end for your client's exciting new
ecommerce Endeavour. You have all the images, originals and files backed up on your
desktop computer and the site is going really well. During a meeting with your client he/she
happens to mention a hard-copy brochure their internal marketing people are developing. As
if by magic, a couple of weeks later a CD-ROM arrives on their doorstep complete with high
resolution versions of all the images you've used on the site. A note accompanies it which
reads:
"Hi, you mentioned a hard-copy brochure you were working on and I wanted to provide you
with large-scale copies of the graphics I've used on the site. Hopefully you'll be able to make
use of some in your brochure."
Your client is heartily impressed, and remarks to his colleagues and friends how very helpful
and considerate his Web designers are. Meanwhile, in your office, you lay back in your chair
drinking your 7th cup of coffee that morning, safe in the knowledge this happy customer will
send several referrals your way.
It's possible this is the most important point in this article. The simple message: when you
promise something, deliver. The most common example here is project delivery dates.
Conclusion
Customer service, like any aspect of business, is a practiced art that takes time and effort to
master. All you need to do to achieve this is to stop and switch roles with the customer. What
would you want from your business if you were the client? How would you want to be
treated? Treat your customers like your friends and they'll always come back.
Main objective of the study is to find out the buying behavior of the customers.
5. RESEARCH
Acharya Institute of Management & sciences, Bangalore Page 43
METHODOLOGY
Technology and customers tastes and preferences play a vital role in today’s 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.
PERIOD OF STUDY:
AREA OF STUDY:
This study was done in big bazaar which is situated in bansankari, Bangalore.
SAMPLING:
Sampling is the process of selecting units (e.g., people, organizations) from a population of
interest so that by studying the sample we may fairly generalize our results back to the
population from which they were chosen.
SAMPLING METHODS
Systematic samples
Out of the 100 people we talked about above, systematic sampling suggests that if we select
the 5th person from the above list, then we would select every 5th, 10th, 15th, 20th etc. The
pattern is the every consecutive 5th. If the 6th person was selected then it would be every
consecutive 6th.
Multi-Stage Samples
With this sampling process the respondents are chosen through a process
of defined stages. For example residents within Islington (London) may
have been chosen for a survey through the following process:
Throughout the UK the south east may have been selected at random, ( stage 1), within the
UK London is selected again at random (stage 2), Islington is selected as the borough (stage
3), then polling districts from Islington (stage 4) and then individuals from the electoral
register (stage 5).
As demonstrated five stages were gone through before the final selection of respondents were
selected from the electoral register.
Convenience Sampling
Where, the researcher questions anyone who is available, this method is quick and cheap.
However we do not know how representative the sample is and how reliable the result.
Quota Sampling
Dimensional Sampling
An extension to quota sampling, the researcher takes into account several characteristics e.g.
gender, age income, residence education and ensures there is at least one person in the study
that represents that population. E.g. out of 10 people you may want to make sure that 2
people are within a certain gender, two a certain age group who have an income rate between
£25000 and £30000, this will again ensure the accuracy of the sample frame again.
SAMPLING PROCEDURE:
The random sampling is done because any probability sampling procedure would require
detailed information about the universe, which is not easily available further, it being an
exploratory research.
DATA:
The term data refers to groups of information that represent the qualitative or quantitative
attributes of a variable or set of variables. Data are typically the results of measurements and
can be the basis of graphs, images, or observations of a set of variables. Data are often
viewed as the lowest level of abstraction from which information and knowledge are derived.
Raw data refers to a collection of numbers, characters, images or other outputs from devices
that collect information to convert physical quantities into symbols, that are unprocessed.
PRIMARY DATA:
Data is collected from various customers through personal interaction. Data is collected by
survey, formal discussion and observation with different respondents.
SURVEY METHOD: Data are usually collected through the use of questionnaires. The data
is collected by mean of simple survey done in the retail store of the customers.
Is he brand loyal?
Observation may help us determine how much time consumers spend comparing prices, or
whether nutritional labels are being consumer.
SECONDARY DATA:
Secondary data was collected through internet sources, research papers, and published
reports by various institutions.
RESEARCH DESIGN –
Preparation of a project report and concluding a research is a whole process which is carried
out in a number of steps. Therefore throughout the whole process of research there are a
number of difficulties encountered by researcher, at every step. In the present study we may
assume following limitation.
This research was done in Bangalore city only hence this Conclusion is valid only for
Bangalore.
It was assumed that respondent have the knowledge about big bazaar but if he do not
have proper knowledge then result may come wrong.
The respondent view point on the study/questionnaire purely judgment and may be
induced by other reasons also.
As big bazaar says “IS SE SASTA AUR ACHCHHA KAHI NAHI”, does big bazaar match
this?
NO 46 30.66
Inference:
From the above table it is clear that the 69.33% majority of respondent agree with the punch
line and 30.66% not agree with big bazaar punch line.
2. STATE-OF-ORIGIN OF RESPONDENTS:
Inference:
From the above table it is clear that the 40% majority of respondent belongs to north India,
and 35.33% customer belong to Karnataka where store is located and remaining 13.33%
(AP), 9.3%(Kerala), 8.6%(Tamil Nadu).Here one thing which, I would like to add is that,
respondents who is belonging to other then these five regions like west Bangal I have add
that in north India, so due to that north India may have major part. And
Table 3
From the above table it is clear that the only 38% customer are aware about the region
specific product and 62% majority of respondent is not aware about the region specific
product. Big bazaar is trying to come with some region specific product but there is a need of
advertise such product..
4. BILLING SIZE
Table-4
From the above table it is clear that 43.33% majority of people are having their billing size
between 500 to 1500 for shopping at big bazaar and 26%people are having 3000-5000.
Table-5
Inference:
From the above table it is clear that 59.33% majority of customers think that the price is
reasonable and 9% customer think that price is very reasonable and remaining 30% think that
prices are fairly reasonable only 1.33% think that the price is bad.
Table-6
From the above table it is clear that 48% majority of customers think that the quality of
products is good and 5% of customers think that quality is bad, but still there is a need to
improve the quality because only 7% customer thinks that quality is very good and we should
know that quality plays an important role for the product.
Table-7
From the above table it is clear that 42.66% majority of customers think that the product
availability is good and 8.66% of customers think that the product availability is bad.
Table-8
From the above table it is clear that 44.65% majority of customers think that the discount
offers are good and 1.88% of customers think that discount offers are bad. Here 24%
customer thinks that discount offers are very good which is a good thing for Big Bazaar.
Table-9
From the above table it is clear that 68.66% majority of customers think that the product
display is good and 2.67% of customers think that product displays is bad.
Table-10
From the above table it is clear that 50.66% majority of customers think that the staff
behavior is good and 7.33% of customers think that behavior is bad, but we can’t ignore this
because for the retention of the customer it is an important factor.
Table-11
From the above table it is clear that 55.55% majority of customers think that the billing speed
is average and 13.33% of customers think that it is bad so there is a need to increase the cash
counter specially on the business days. Here if a customer wants to purchase few items then
he will think, not to come because now nobody has time for waiting for the billing.
Table-12
From the above table it is clear that 63.33% majority of customers think that the store
environment is good and 2% of customers think that store environment is bad.
Table:13
Brand 29 19 18 41 43
Customer preference about attributes while shopping, Analysis shows that 42% of
respondents has given 1st preference to need and following by 19.33% (brand), 15.33%
(price), 13.33% (quality), 10% (durability).
2nd preference 46.66% (quality), 17.33% (need), 14% (price), 12.66% (Brand) and 9.33%
(durability)
3rd preference 44.33% (price), 12% (brand), 12% (quality), 11.66% (durability), 10% (need)
4th preference 35.33% (durability), 27.33% (brand), 17.33% (quality), 10.66% (price) and
9.33% need
5th preference 34% (durability), 28.66% (Brand),15.33% (Price) 11.66% ( need), 10.66%
(quality)
Table-14
From the above table it is clear that 30% of customers visit frequently on weekends and 10%
of customer visit on Wednesday. Here may be one thing that the customer who visit once in
15 days or once in a month, he can also come on weekends and Wednesday also.
Table-15
From the above table it is clear that news paper is the most effective medium of knowing the
offers and word of mouth is also calculative factor. Here, advertisement in news paper is in
the hand of management of big bazaar so there is a need to advertise in news papers more
and more.
Table-16
From the above table it is clear that 34.66 percent customer live within 2 km area, 33.33%
live in 2-5km and 30 percent live in 5-10km. so ther is not a big difference in the percentage
of customers staying, we can say that till 10 km, big bazaar is able to pull the customers.
Table-17
Table- 18
I met with people having different age groups. The people that I have met most belong to age
group 20-30 years and having 40% and people belonging to age group above 40 years is
having least 10%. People in the age group of 30-40 years is having 33%
Conclusions followed by recommendations form the basis of the report more solid. The
conclusion proves the analysis that is carried out in the report and on the basis of these
conclusions, recommendations are given.
During the course of the study it was found that big bazaar is lacking popularity due to the
less concentration on the management of customer data base.
In the survey and analysis it was found that the Buying Behavior of the customers depends
on variety of factors like Need, Cost, Quality, Durability, Product range and some other
factors.
The organization should also concentrate upon the Advertisement strategies and
should come up with the innovative ads.
Name recall amongst the Consumer Categories is low because of less frequency of
the TV advertisements.
The organization should have customer data base so that information about offers can
be conveyed to the customer and customer segregation can also be done.
The Retailing industry is booming. In order to tap the potential market, the Company
can advertise in a magazine named like ‘Daily news record’. This will help in
showcasing the products of the magazine. This can add an extra spice to sales.
Place
Food bazaar has less stores in comparison to Reliance fresh. So increasing the stores
increase the availability in the market because a customer wants to purchase food
items mostly near to the home. We can see the traffic problem in city so he do not
thinks well to go far for daily required items.
Human Resource
Product
Organization should focus on the availability of the product which is demanded by the
customer more or less instead of focusing on the profitable brands only.
As big bazaar is known for cheaper and better but there is a need to increase the quality.
For example, fashion department has not too much quality garment.
Company should focus on their Price. It should know the competitors price and
according to that there should be a proper action to decide the price and discount
offers.
Customer services
On the weekends mostly, there is long queue for the billing which takes a huge time
so there should be an increment in the number of cash counters.
From the analysis it is clear that more than 50% customers live within 5km area, so if
it possible big bazaar should increase its home delivery distance.
On the business days again it is seen that there is a queue in front of lift so there is a
need to solve the problem by using escalator or big size lifts because due to this
customer do not want to go on the above floor and these floor are having high value
product.
BOOKS:
INTERNET:
www.financialexpress.com/news/Future-Group-to-hive-off-Big-Bazaar/
www.fibre2fashion.com/face2face/pantaloon/kishorebiyani.asp
www.thehindubusinessline.com/iw/2005/12/25/stories/
QUESTIONNAIRES
3. Are you aware about your Region specific product which is available in store?
a. yes b. no
If yes, what you purchase
………………………………………………………………………………………………..
4. How much on average do you spend on your planned shopping (one time) at big bazaar?
a. less than 500 b. Rs.500-1500 c. Rs.1500-3000
d. Rs3000-5000 e. Rs5000 and above
a. Prices
b. Quality
c. Availability
d. Discount offers
e. Product displays
f. Staff behavior
g. Billing speed
h. Store environment
11. What other store do you visit other then big bazaar? (you can choose multiple opt.)
…………………………………………………………………………………………………..