Documente Academic
Documente Profesional
Documente Cultură
ON
(2012-2013)
Submitted by:
Vikas Rajpurohit
MIB (Bus. Admin)
IV SEM
BIG BAZAAR is a name renowned name in Retail. BIG BAZAAR is now a brand
image in private retail sector. While my two month project, I was at BIG BAZAAR
to find potential of BIG BAZAAR on the presence of other retail Stores.
Practical training through experts of BIG BAZAAR gave me actual input to fulfill my
real aim.
This report is the written account of what I learnt experienced during my training. I
wish those going through it will not only find it real but also get useful information.
Vikas Rajpurohit
MIB IV SEM
extend our sincere gratitude to Dr. Sonal Jain our Internal guide for her
I am also grateful to other Staff of Big Bazaar family center, Jaipur for
their support and encouragement. We also convey our thanks to all staff
of DCTE for their support and help to make this report successfully.
Place: Jaipur
I, Vikas Rajpurohit MIB IVth SEM declare that the project report titled “A
Enroll. No.-
UNIVERSITY OF RAJASTHAN
JAIPUR
CERTIFICATE
Vikas Rajpurohit
Enroll. No.-
UOR, Jaipur
Project Title
The study of any subject is made by examining it in an organized fashion. There are
three classes of variables involved in understanding consumer behavior;
STIMULUS, RESPONSE and INTERVENING variables. Stimulus variables, such as
advertisements, products exist in both the individuals’ external environment.
These generate a sensory input to consumers. Response variables are the resulting
mental / or physical reactions of individuals who are influenced by stimulus
variables. For e.g.: - purchasing a product or forming attitudes about it could be
viewed as response variables. Many of the variables affecting consumers (such as
personality, learning, and perceptions are external situations, motives, and so forth)
cannot be directly observed.
The project “Consumer buying behavior while shopping”. Is carried out under
supervision and guidance of BIG BAZAAR. The project was about studying the
consumer buying behavior.
The research carried out in this project was descriptive in nature. The study was
aimed at knowing the various eating habits of a consumer.
This project helped in understanding what exactly a customer looks in an eating joint
before entering it. It gave an idea about the essential factors that are required now a
day for an eating joint to attract customers in this competitive world.
This project helped us to figure out the different consumer eating behavior and to
understand the overall customer perception of eating in a restaurant as well as their
demand for mall.
The trend today has been to combine shopping with various offering. For e.g. apart
from shopping there are food courts, cinema theaters and even in some an
amusement centre for children.
Shopping has made people spend not just on their requirements of goods to be
bought but to look on the totally of experience have a quick bite at McDonalds in the
mall or let the kids play fun game while one is busy shopping or even taking the
family out for movie and having a dinner all under one roof. The benefits of this
totally offering are that many vendors get to have peoples patronize their offerings,
while the
Shopping experience i.e. being enhanced, more business got by the stores at the
venue. Shopping is no longer a onetime agenda for people. Various options are
opening up.
Sl.
Particulars
No.
1 Introduction
1.1 Industry profile
1.2 Company profile
1.3 Big bazaar promise
1.4 Vision, mission & core values
1.5 Board of director
1.6 SWOT Analysis
2 Introduction to marketing
2.1 Definition
2.2 Marketing strategy
2.3 Marketing Mix
2.4 Retailing
3 Introduction to consumer
3.1 Definition
3.2 Types of consumer
3.3 Model of consumer decision making
3.4 Consumer satisfaction
4 Research 0bjective
5 Research methodology
6 Limitations
9 Bibliography
10 Appendices
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.
BHARTI RETAIL
RELIANCE RETAIL
STAR BAZAAR
MORE
MEGA MART
FOOD WORLD
SAFAL
COMPANY PROFILE
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
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 hypermarket format that combines the look, touch and feel of Indian
bazaars with the choice and convenience of modern retail.
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.
Food
Beauty GM
&
Wellness Line
Home
Fashion of
business TLE OF
CONTENTS
Sl.
Books Electronic
No.ParticularsPa
& Leisure ge
& s
no.1Introduction
Stationary
Acharya Institute of Management & sciences, Bangalore
Entertainment 6 1.1Industry
Page 13
profile71.2Compan
y profile 91.3Big
bazaar
, mission & core
values151.5Board
of director
161.6SWOT Analysis
182Introduction
to
marketing202.1D
efinition
212.2Marketing
strategy
222.3Marketing
Mix252.4Retailing28
3Introduction to
consumer333.1De
finition343.2Types
of
consumer353.3Mod
el of consumer
What's in store for you at Big Bazaar? decision
making373.4Consu
At Big Bazaar, you will get: A wide range of products at 0 – 60 % lower thanmerthe
satisfaction374Res
corresponding market price, coupled with an international shopping experience.
earch
Products available in Big Bazaar 0bjective415Res
earch
GROUND FLOOR
methodology436
Limitations
Plastics, crockery, utensil, cosmetics, health care, body care, skin care, personal497A
nalysis51Graphical
care, home care, food items, oil & ghee, staple food, fruits & vegetable.
representation of
FIRST FLOOR data8Conclusion
&
Materials Suiting & Shirting, Textiles, Saris, men’s accessories, Baby Accessories,
games (toys), footwear
recommendatio
n719Bibliograph
SECOND FLOOR y7510Appendice
s77Questionnaire
Home decor, lights, furniture, sanitary, Electronics, Luggage, stationary, linen,
electrical accessories ome
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.
Big Bazaar promises to sell only the original products from the authorized dealers;
so that all applicable products carry the original manufacturer’s warranty. To service
any product purchased at Big Bazaar, customer can visit the authorized service
centre of the manufacturer. The invoice accompanying the product is the warranty
document.
2. GUARANTEED DELIVERY:
3. SECURE PAYMENT:
It commits to ensure that no payment misuse happens, so we work with banks and
payment gateways to ensure that your information is protected. Payments are
protected both by it and by the policies of customer’s bank, and the chances of fraud
in these channels are actually very low. Big Bazaar openly publishes its office
addresses and is part of India’s largest retail company with a presence all over India
– so you know how to contact us in person, if required.
If customer has purchased something at Future Bazaar and the product did not
meet its expectations or does not fit to his needs, then it can return the product to
us; no questions asked, as long as it is in its original packaging and accompanied by
its invoice. We will even make the return process simple for you – just contact our
customer support and we’ll arrange to pick up the product from your home.
Alternately, you can drop it off at the nearest Big Bazaar.
Our customer support is manned by dedicated call centre personnel, who can take
decisions and resolve your problems. They are eager to solve your problems and
are aware of the processes and means to handle them. In case they cannot solve
the problem at their end, they will trigger the required action on your behalf or advise
you the best possible method to a successful fulfillment of all your queries/issues.
Be assured that when you call us, your call is being taken seriously.
GROUP VISION:
Future Group shall deliver Everything, Everywhere, Every time for Every Indian
Consumer in the most profitable manner.
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.
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.
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.
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 Jaipur. 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.
INTRODUCTION TO MARKETING
THE MARKET
MARKETING:
Definition of marketing:
Importance of marketing:
Marketing is recognized as the most significant activity in our society. Our life styles
are continuously affected by a wide range of marketing activities. Marketing alone
can put goods and services we want and need at our doorsteps.
PROCESS FOLLOWED
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.
2. TARGETING:
In the next step, we decide to target one or more segments. Our choice should
generally depend on several factors:-
First:
Secondly:
Thirdly:
2. Big Bazaar specifically targets working women and home makers who are the
primary decisions maker. It is part of Big Bazaar’s new Guerrilla Marketing Strategy.
3. POSITIONING:
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
PRICING:
Generally pricing strategy under marketing mix analysis is divided into two parts:
price determination and price administration.
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:
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.
1. 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.
2. Visual merchandising
a. sales
b. retail strategies
d. communicates image
A. Interior merchandising
Advertisement on popular entertainment channels like Star Plus, Sony, Set Max,
and Star One.
Road shows carried out by the Big Bazaar staff with announcements about the offer
to make people aware.
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.
C. Types of advertising:
Informative Advertising:
Purchases of durable products are generally erratic and often too expensive to buy,
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.
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:
4. PUBLICITY OF PRODUCT:
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.
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:
For example, the customer can be a toy store who buys from a
major brand manufacturer of toy products. The toy store sells
to a consumer - the end user.
CONSUMER BEHAVIOUR
Consumer behavior is the study of how people buy, what they buy and why they
buy. it attempts to understand the buyer decision making process, both individually
and in groups it studies characteristics of individual consumers such as
demographics, psychographics, and behavioral variables in an attempt to
understand people wants. It also tries to access influences on the consumer form
groups such as family, friends, reference groups, and the society in general.
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.
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:
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.
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
Have you ever received a Happy Birthday email or card from a company you were a
client of? Have you ever had a personalized sign-up confirmation email for a service
that you could tell was typed from scratch? These little niceties can be time
consuming and aren't always cost effective, but remember to do them.
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.
Clients don't like to be disappointed. Sometimes, something may not get done, or
you might miss a deadline through no fault of your own. Projects can be late,
technology can fail and sub-contractors don't always deliver on time. In this case a
quick apology and assurance it'll be ready ASAP wouldn't go amiss.
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.
RESEARCH OBJECTIVE
Main objective of the study is to find out the buying behavior of the customers.
6. To give some idea to Big Bazaar that will give an edge to make customer
services more better.
RESEARCH 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.
AREA OF STUDY:
The study is exclusively done in the area of marketing. It is a process requiring care,
sophistication, experience, business judgment and imagination for which there can
be no mechanical substitutes.
This study was done in big bazaar which is situated in Jaipur, Jaipur.
SAMPLING:
SAMPLING METHODS
With this method of sampling the potential people you want to interview are listed
e.g. a group of 100 are listed and a group of 20 may be selected from this list at
random. The selection may be done by computer.
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.
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
Using this method the sample audience is made up of potential purchasers of your
product. For example if you feel that your typical customers will be male between
18-23, female between 26-30, then some of the respondents you interview should
be made up of this group, i.e. a quota is given.
Dimensional Sampling
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.
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.
DATA COLLECTION:
PRIMARY DATA:
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 was collected through internet sources, research papers, and
published reports by various institutions.
RESEARCH DESIGN –
The research work is exploratory in nature, and is meant to provide the basic
information required by research objectives. It is a preliminary study based on
primary data and the findings can be consolidated after a detailed conclusive study
has been carried out.
This research was done in Jaipur city only hence this Conclusion is valid only
for Jaipur.
It was assumed that respondent have the knowledge about big bazaar but if
he do not have proper knowledge then result may come wrong.
DATA ANALYSIS
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
Inference:
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.
Inference:
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
Inference:
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.
Inference:
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
Inference:
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
Inference:
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
Inference:
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
Inference:
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)
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%
SWOT ANALYSIS
STRENGTHS
Fast growing Indian middle class with reasonably good purchasing power.
WEAKNESSES
OPPORTUNITIES
There remains a large future scope for the retail industry in India, as incomes
rise and consumption increases
THREATS
Smaller specialty shops and informal shops are sometimes able to avoid
taxes, offering lower total prices to customers.
CONCLUSION
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.
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
RECOMMENDATIONS
Human Resource
If a new promoter comes then company should give a small brief about the rule
and regulation before sending him/her on the floor.
Product
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.
APPENDICES
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
g. Billing speed
h. Store environment
• Brand
• Price and Discount
• Quality & Value for money
• Durability and After sales service
• Need
………………………………………………………………………………………………….
.
Monthly family
income…………………………………………………………………………
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/