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DIGITAL NETWORKS (P) LTD Submitted for partial fulfillment of the Award Of
SUBMITTED BY
VISHWA KUMBH 1109670057
AFFILIATED TO
CERTIFICATE
Engineering& Technology, Gr.Noida. and has successfully undergone a Summer Internship Program
(SIP), in the topic on A STUDY ON CONSUMER BUYING BEHAVIOUR IN TIKONA DIGITAL NETWORKS (P) LTD, during the period June 2012 to July 2012 with Tikona Digital networks Pvt. Ltd.
The information submitted is true and original to the best of our knowledge.
Name of Supervisor: MS. EVITA SRIVASTAVA Designation: Asstt Professor Department: MBA
DECLARATION
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I hereby declare that the information presented is correct to the best of my knowledge and the analysis is as per the norms and guidelines provided for the report. I have utilized the requisite concepts and applied the required methodologies to analyze the primary data collected to reach the conclusion present in the report.
I claim the report to my indigenous work and have not been presented anywise for any purpose ,what-so-ever.
Preface
Research projects are a momentous part of management studies. To mange complexities of the organization in todays changing competitive environment a manager is suppose to
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have deep knowledge of present market. The present report is prepared on the topic . A STUDY ON CONSUMER BUYING BEHAVIOUR IN TIKONA DIGITAL NETWORKS (P) LTD, The project has been done as a part of course requirement of MBA program .The report emphasis mainly on tikona with other brand in the market. It is based in market research done in Delhi NCR.. Its specification and the analysis of the market with the help of questionnaire. The report has been made conclusive and suggestive. I hope that this report will prove to be useful to the organization as and will be able to provide useful information to its readers.
ABSTRACT
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The project for TIKONA DIGITAL NETWORKS (P) LTD is aimed for successful functioning of the organization. The researcher collected the primary information required for the study through a structured questionnaire. Website and books are the main part of secondary data. The nature of the study was descriptive. The sampling method used is convenience Sampling. The sampling size was 100 Respondents. This includes only consumers. The researcher while analyzing converted data made use of simple tabulations, percentage, correlation, chi-square test. The need of the study is to study the CONSUMER BUYING BEHAVIOUR for successful functioning of TIKONA DIGITAL NETWORKS (P) LTD.
Objective
To understand how these factors influence consumers buying decision. And understand what consumers consider while going for purchasing a wireless internet broadband connection understand the consumers perception towards the company. Tikona digital network.
Finally, the last two chapter deal with the finding from the survey and the suggestion to the company is given followed by the conclusion.
Research Methodology
RESEARCH INSTRUMENT The research instrument used in this study structured questionnaire. Structured questionnaire are those questionnaire in which there are predetermined question relating to the aspect for which the researcher collects data. The questions are presented with exactly the same wording in the same order to all the respondents. QUESTIONNAIRE DESIGN The structured questionnaire for appraisal system with the following types of questionnaire open ended, multiple choice, types of questions.
ACKNOWLEDGEMENT
Vishveshwarya Group of Institutions.
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Training is a real experience. Training for an MBA student, three months of summer training is practically more resourceful than all the management classes he had in the classroom. It is an experience, which sees one through his management career. This is mainly attributed to the fact that during these days of summer training every student comes to know about the real business world. Herein he learns how to put the lessons and the theories that he has learnt from numerous books at work. He learns business management in all ways.Vishveshwarya Institute of
Engineering &
Without his line of action, invaluable guidance and time, it would not have been possible for me to complete this project work. I would also like to thank all those who directly or indirectly helped me in my training. I would like to express thanks to all my friends who helped me in time and again in whatever possible ways during completion of the project as well as those persons from whom I have learned much more in past that help me in applying my ideas in the project report.
CONTENTS
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CHAPTER NO 1 1.1 Introduction 1.2 Statement of the Problem 1.3 Company Profile 1.4 Product Profile 2 3 4 5 Objectives Of The Study Need & Scope For The Study Review of Literature 5.1 Research Methodology
CONTENTS
PAGE NO
19 21 23 33
5.2 Method Of Data Collection 5.3 Tools Of Analysis 6 7 8 9 10 Data Analysis And Interpretation Findings Of The Study Limitation Of The Study Conclusion Suggestions Appendix 11 Bibliography 41 61 64 66 68 70 75
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CHAPTER 1
INTRODUCTION
CHAPTER 1
Vishveshwarya Group of Institutions.
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1.1 INTRODUCTION
Before business can develop marketing strategies, they must understand what factors influence buyers behaviour and how they make purchase decisions to satisfy their needs and wants. Buyers are moved by a complex set of deep and subtle emotions.
Consumer behavior is the study of when, why, how, and where people do or do not buy a product. It blends elements from psychology, sociology, social anthropology and economics. It attempts to understand the buyer decision making process, both individually and in groups. Consumer behavior refers to the mental and emotional process and the observable behavior of consumers during searching, purchasing and post consumption of a product or service.
It studies characteristics of individual consumers such as demographics and behavioral variables in an attempt to understand people's wants. It also tries to assess influences on the consumer from groups such as family, friends, reference groups, and society in general. Customer behavior study is based on consumer buying behavior, with the customer playing the three distinct roles of user, payer and buyer. Relationship marketing is an influential asset for customer behavior analysis as it has a keen interest in the re-discovery of the true meaning of marketing through the re-affirmation of the importance of the customer or buyer. A greater importance is also placed on consumer retention, customer relationship management personalization, customization and one-to-one marketing. Social functions can be categorized into social choice and welfare functions.
Competitors of TDN
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Advertising gives you a reason to buy And Sales promotion gives you an incentive to buy
Today in this broadband field there are many competitors together competing for the same customer base that uses internet. The main aim of these ISPs is to make people know more about internet and convert them from non-user to user of internet by which they will earn profit. Many companies like Reliance, Aortal, Tata Idiom, Banal and some smaller companies which also have a significant amount of customer base like You telecom, Hatchway cable Pace net etc. are providing Internet today.
These days the consumer has become quite smart, before selecting a provider the user considers price services customer support satisfaction guarantee company size service plans
BSNL
in
the country and also captures a more than 50% of market share. Apart from broadband, it provides the services like Video multicasting, Video-on-demand and Interactive gaming, Audio and Video conferencing, IP Telephony, Distance learning etc. It also has very large customer base in rural part of India.
Aortal
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Bharti Airtel is in second place in terms of market capturing of broadband. It acquires 13.65% of market after BSNL which has captured 54.44% of market (TRAI). Airtel has recently launched its 16 mpbs broadband, and is advertising through several advertising mediums such as Mobile & Internet, Print, TV, Radio and Outdoor and Transit advertisements.
Reliance
Reliance has most number of outlets in the country and they are retailing their new product through them. Reliance is retailing its new Net connect broadband plus in 12000 IT retail outlets across India as well as 2300 Reliance communication retail stores and 240 reliance world outlets.
They have a unique selling approach. They make customer to buy their product once through attractive offers, and even if half of the total broadband user buy reliance net connect once and with lower profit margin also reliance will be benefited to a large extent.
Tata Indicom
Tata Indicom is extensively advertising its new product Photon plus with a punch line Express Wireless Broadband.
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Building a strong business using the Internet is a challenge. E-commerce can yield tremendous returns, and may prove more cost-effective than traditional ways of doing business. The number of people using the Internet continues to grow, providing an attractive growth opportunity for e-commerce. This means that the Internet will be important for businesses in the foreseeable future. And for presenting yourself to the world you need a website. A business web site has to work effectively. The right people need to see it. It has to sell. And it has to give reasons for users to come back
Offline promotion Public relations Media, Sponsorship, Events Advertising Press, Poster, Road shows, Radio, TV Direct Marketing Direct mail,, door to door, telemarketing
Online Promotion Banner Advertising Email Marketing Affiliate links to other sites Portals Search Engines
As we know that customer is the king of any business, It is essential to understand customer expectations their preferences towards the product and their needs and wants. Without understanding consumer behaviour no companies can survive. It serves as a feedback from the consumer and provide the companies the message regarding the consumer attitudes, companies position, competition, opinions of the consumer regarding the product etc. Now a days almost all the companies involves in collecting the data from consumers regarding their product and brand. They employee marketing people to let them know consumer behaviour. By keeping all this points in mind, as consumer behaviour plays a vital role for any organization, this project A STUDY ON CONSUMER BUYING BEHAVIOUR IN TIKONA DIGITAL NETWORKS PVT LTD, does the same.
Tikona Digital Networks (TDN) is engaged in building the next generation wireless broadband services for home and enterprise customers in India. TDN has an all India Class-A ISP license granted by the Ministry of Communications, Govt. of India, for this purpose. TDN envisions a powerful Broadband-enabled India and will make all possible contribution to make this happen.
TDN would also be building a comprehensive services framework that can deliver leading edge voice, video, IT applications and multimedia content services over any broadband or IP-centric network. Such a framework can be outsourced by service providers globally, who desire to offer next generation services to their customers. TDN has engaged the best-in-class technology partners to build the required capability frameworks.
Innovation is our driving force and we create environment for the young talent in our company to conceive and incubate new ideas in order to develop and deliver useful services and solutions for our customers, thereby sustaining our competitive advantages.
TDN was founded in mid 2008 by veterans from the telecom industry, who have built some of the largest networks in India for mobile, enterprise, broadband and DTH services. TDN is adequately funded by top-end global investors and is committed to comply with the highest standards of corporate governance. Prakash Bajpai
Founder,MD&CEO
Prakash Bajpai has a rich 31 years of experience in IT and Telecom Industry. He has been instrumental in building and leading organizations and business with revenueof more than $2billion.
An engineering graduate from Delhi University, Prakash started his career with IBM as an electronics engineer. He then moved to Phillips, where he was involved in the launch of color TV transmission in India. He was one of the first few employees of Tata Telecom. His experience cuts across geographies as he worked with AT&T Network Systems in the US. Post returning to India, he spearheaded the Marketing, Sales & Network Planning activities at Tata Lucent Technologies. He then joined Hughes Telecom as President & CEO where he pioneered India's first Integrated Broadband Network in Maharashtra & Goa. He also led
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Hughes Telecom to launch India's first IPO (US$ 225 m) in the telecom sector. Prior to launching Tikona, Prakash was the President and CEO at Reliance Communications, where he was responsible for the Broadband, Enterprise, Data Center, PCO and DTH businesses of the company.
Prakash has also attained graduation from a number of in-house Management Programs conducted by the AT&T School of Business Management including mini-MBA in Financial Management Tarun Kumar Chief Technology Officer
Tarun has over 19 years of industry experience spanning in IT, broadband and digital broadcast technologies. He has successfully deployed and managed operations of many technology intensive projects including enterprise and retail broadband BSS, cutting edge Interactive IPTV over metro Ethernet network, service delivery platforms for New-age products and broadband radio access networks.
Tarun is an electronics and communication engineer with M Tech (Integrated Electronics) from Indian Institute of Technology (1990 batch).
Tikona sells the services to peoples as a wireless broadband. It employees 4G technology through which consumers are able to access the internet without any wire but with a high download speed of 2mbps.
Details Monthly plan charges Installation charges Modem rental Free usage Guaranteed maximum bill amount Subscription amount Maximum PC Registration Maximum simultaneous PC connections
CB49 49 500 50 100 999 661 8 8 S 2 MBPS CIRCUIT BREA KER PLAN
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Speed beyond Free usage Charges during Subscription amount Maximum PC Registration Maximum simultaneous PC
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Details
UNLTD 549
549 500
300
600
750
1024
2048
300
1157
1267
1433
2095
4411
2095
16
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The study the buying behaviour of the consumers Tikona digital network connection. know how the Company has been encountering the aggressive marketing strategies of competitors. find out what marketing strategies should be undertaken to increase the market share of the brand To understand how these factors influence consumers buying decision. And understand what consumers consider while going for purchasing a wireless internet broadband connection understand the consumers perception towards the company. Tikona digital network. To determine whether there is any deviation between the features of the brand and the acceptance of the consumers. .
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Before business can develop marketing strategies, they must understand what factors influence buyers behaviour and how they make purchase decision to satisfy their needs and wants. This study aims towards collecting information about consumers Psychology towards wireless internet connection and thus helping Tikona in understanding customers nature and help in developing strategies which will thus help them in increasing their business. This study helpful to know in which stage the brand would be in industrial life cycle. It is done to understand what consumers consider while going for purchasing a wireless internet broadband connection. By this study we came to know how the organization retaining and sustaining its customer. The main purpose of this project is to study consumers buying behaviour and develop strategies which help Tikona in increasing their market share. This study is mainly focused on various factors that affect consumers buying decision. Such as social, psychological and personal. The survey was conducted among different groups and all possible local areas in Noida were considered for the study. The sample size was of 100 people who included people from various age groups and different income levels. The data was collected through filling of questionnaire and interview. The survey helped in understanding the various factors that influenced the buying decisions of the customers and understanding their needs when it comes to wireless broadband internet connection. This study helps to understand the satisfactory level of consumers towards the brand. And also understanding the consumer attitudes and their buying motives by means of company brand image.
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LITERARY REVIEW: Psychologists have long been interested in the topics of buying and shopping behaviour. Some major perspectives in psychology such as behaviourism and cognitive have formulated different theories to explain buying motivation and behaviour. The behaviorists stress the process of operant conditioning and individuals history of reinforcement, while the cognitive approach puts its accent on individuals free will and intentional, voluntary action. The views of these two perspectives can be examined in terms of the nature of buying behaviour and the process of choice.
Based on their different conception about the nature of buying behaviour, the behaviorist and the cognitive theorists have different views on the process of choice when buying. The behaviorists propose that consumer choice begins with an external stimulus such as an advertising message or word-of-mouth communication. Etc. However, the cognitive psychologists adopt a different approach to explain the process of choice. They consider the choice of buying as a rule-following behaviour Etc. To the behaviorists, therefore, choice of buying is simply a behaviour, the only way of acting in a given set of circumstances defined in terms of controlling contingencies. On the other hand, the cognitive theorists present choice of buying as an outcome of internal, mental deliberation and psychological decision. Actually, although the behaviorists and the cognitive theorists have different ideas of the content of choice, they do share similar view on the unconscious feature of choice (rather involuntary response to discriminative stimulus and the following of rules).
THEORITICAL REVIEW: Consumer is the king and it is the consumer who determines what a business is. Therefore, a sound marketing program should start with a careful analysis of the habits, attitudes, motives and needs of consumers.
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Consumer behaviour is prerequisite though the process is highly complicated. At the same time, a firms ability to establish and maintain satisfyin g exchange relationships depends on the level of understanding of buying behaviour. Thus, buying behaviour is the decision process and acts of people involved in buying and using products.
1. Routine decision behaviour - is usually found in the cases of frequently purchased and low-cost items. They are also aware of alternative brands, for instance, if you intended to buy a particular would switch over to a second preferred brand of their choice. Thus, products that are bought through routine response behaviour are purchased quickly with very little mental effort.
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2. Limited decision-making - is pertinent in the case of purchases made by the consumers less frequently. The investment needed also will be comparably high. Hence, the consumers may acquire information about all possible brands and some amount of mental exercises would follow to arrive at a decision about all possible brands. Thus, limited decision-making requires a moderate amount of time for information gathering and deliberation. 3. Extensive decision-making _is required when a consumer wants to purchase unfamiliar products which is totally new, having high unit value and bought preferably once in his life time. Before such a product is bought, the consumer uses many criteria for evaluating alternative brands and substitute products and spends much time in seeking information and deciding on the purchase. An interesting but a notable point in this connection is that the type of decision-making need not necessarily remain constant. The following illustrates the variations more clearly. Degree of Search Level of Prior Experienc e Frequency of Purchase Amount of Perceived Risk Time Pressure
Extended Consumer Decisionmaking Limited Consumer Decisionmaking Routine Consumer Decisionmaking Very High Moderate Very Low
(1)
Personal Factor:
These include factors unique to a particular person. Numerous personal factors influence
purchase decisions:
(a) Demographics
Individual characteristics such as age, sex, race, ethnicity, income, occupation and family life cycle are called demographics. These have a bearing on who is involved in family decision-making.
(c) Situation.
Situational factors are influences resulting from circumstances, time and location that affect the consumer buying behaviour.
The factors that other people exert on buying behaviour are called social
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Role means the activities that a person is supposed to perform. A person occupies several positions and, therefore, he/she has many roles.
(a) Perception
Perception is the process of selecting, organizing and interpreting information to derive meaning. Different people perceive the same thing at the same time in different ways.
(b) Motives
A motive means an internal force that orients a persons activities towards need satisfaction. A set of motives affects a buyers actions. Motives that influence where a person buys
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products on a regular basis are known as patronage motives. These include location, price, variety, service and behaviour of sale people. Marketers use depth interviews, projection and other methods to know and understand the motives of buyers
(c) Learning
Changes in an individuals behaviour due to information and experience are called learning. A consumer tends to repeat purchase actions which create satisfaction. Inexperienced buyers use price as an indicator of quality more advertisements, salespersons, friends and relatives. They also learn by buying and using products.
(d) Attitudes
Attitude refers to an individuals enduring evaluation, feelings and behavioural tendencies toward an object or idea. An individuals attitudes remain generally stable and do not vary from moment to moment. Attitudes play a significant role in determining consumer behaviour.
(e) Personality
Personality refers to a set of internal traits and distinct behavioural tendencies that result in consistent patterns of behaviour. An individuals personality is the outcome of heredity and personal experiences. It makes the individual unique.. Personality influences the type of brand and products purchased.
(f) Self-concept
Self-concept of self-image means a persons perception or view of himself. Individuals develop and alter their self=concept through interaction of social and psychological dimensions. Research shows that a buyer purchases products that reflect and enhance the selfconcept. A persons self-concept may also influence selection of products category and brand.
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Stimulus
The stages in consumer buying decision process are below: 1. Problem Recognition
A buyer recognizes the problem when he becomes aware of the desired state and an actual condition. The speed with which a consumer recognizes the problem can be quite fast or slow. Sometimes, a person has a problem or need but is unaware of it. Marketers use advertising, personal selling and other methods to help trigger recognition of such needs or problems.
2. Information search
After recognizing the problem or need, a buyer search for product information that can resolve the problem or satisfy the need. There are two types of information search. In the internal search which is our self and external search which consists of
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friends, relatives, and media. Marketers repeat advertisements and use visuals to increase consumer learning of information. 3. Evaluation of alternatives A successful information search yields a number of brands that a buyer views as possible alternatives. This group of products/brands is called the buyers evoked set. Various objective and subjective characteristics that are important to the buyer are used to evaluate the alternatives. Cost and warranty are examples of objective criteria whereas brand image and style are examples of subjective characteristics.
4. Purchase
In this stage the buyer chooses the product or brand to be bought. Product availability may influence which brand is purchased. The terms of sale (price, delivery, warranty, maintenance agreement, installation and credit arrangement) are settled finally, the actual purchase takes place.
5. Post-purchase behaviour
After the purchase, the buyer begins evaluating the product to ascertain if its actual performance meets the expectations. Many criteria used in evaluating alternatives are applied again for this purpose. The outcome of this stage is either satisfaction of dissatisfaction. Shortly after purchasing an expensive product, a buyer doubts whether he make the right decision.
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1. Internal and External Motives Internal buying motives are inherent in the minds of consumers. They arise from the basic needs like hunger, safety, comfort, pleasure, etc. internal buying motives may be rational or emotional. External buying motives are those which a customer learns or acquires from his environment. Social status, social acceptance, achievement, etc. are examples of such motives. Income, education, occupation, religion, culture, family and social environment influence external motives.
2. Rational and Emotional Motives Buying motives are those which are based on logical reasoning and consideration of economic consequences. They include the cost, durability and dependability of the product/service. Emotional buying motives are based on personal feelings. These motives include ego, prestige, love and affection, status, pride, etc. 3. Product and Patronage Motives Product motives are of two types-primary and secondary. Primary buying motives are the reasons due to which consumers buy one class of products rather than another. These motives arise directly from human needs and wants. These include the desire for health, beauty, knowledge, relaxation, recognition, etc. Secondary or selective buying motives induce consumers to buy certain kinds of products. These include desire for convenience, dependability, durability, economy, versatility, etc.
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CHAPTER 5
5.1 RESEARCH METHODOLOGY
The purpose of the research methodology is to describe the research procedure. This includes the overall design, the sampling procedure, the data collection method analysis procedures. This section is important because it is hard to discuss
methodology without using technical terms. Yet, most of the reader will not understand the technical language. This study was made based on primary data. Distributing the questionnaire to the respondents collected the data. The questionnaire containing questions relating to socio- economic status of the respondents.
RESEARCH DESIGN: A research design is the specification of methods and procedure for acquiring the information needed to structure or to solve problem. It is the overall operational pattern of frame work of the project that stipulates procedures. A research design is therefore defined as A plan, structure and strategy of investigation conceived so as to obtain answers to research question and control vacancies.
Descriptive Research Design: Descriptive research is contract to explorative research is marked by the prior formulation of specific research question. The problem, perhaps as a result of an exploratory study, before the project is initiated. He should be able to define clearly what he wants to measures and to setup appropriate and specific means for measuring it. Descriptive research design includes surveys, fact findings, and enquiries of different kinds.
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The main characteristic of this method is that researcher has no control over the variable. He can only report what has happened or what is happening. Most EX-POST FACTO research projects are used for descriptive studies in which the researcher seeks to measure such items. Descriptive research will be applicable to the existing problems.
RESEARCH INSTRUMENT The research instrument used in this study structured questionnaire. Structured questionnaire are those questionnaire in which there are predetermined question relating to the aspect for which the researcher collects data. The questions are presented with exactly the same wording in the same order to all the respondents.
QUESTIONNAIRE DESIGN The structured questionnaire for appraisal system with the following types of questionnaire open ended, multiple choice, types of questions.
AREA OF STUDY The area of study is confined to customers of TIKONA Digital Networks (P) Ltd, Delhi NCR.
Name of Shopping Mall The Great India Place .Noida Spice world mall, Noida Opulent mall Ghaziabad EDM Mall ISBT ,Delhi Ansal Plaza ,Delhi No of customer 25 15 20 25 15
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CONVENIENT SAMPLING Convenient sampling is also known as purposive are deliberate sampling. This sampling method involves purposive or deliberate selection of particular unit of the universe for constituting a sample which represents the universe. When population elements are selected for inclusion in sample based on the case access, it can be called convenience sampling. SAMPLE Sample denotes only a part of the conclusions are drawn on the basis of entire universe.
SAMPLE SIZE The sample size is restricted to 100 customers. The sample questionnaire consists of closed ended questionnaire.
Name Of Customer Students Businessman Housewife Serviceman Type Of Customer 35 25 30 10
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The statistical tools and test used for this study are. Simple percentage analysis Chi-square test. Correlation Analysis
SIMPLE PERCENTAGE ANALYSIS: Simple percentage analysis is used for analysis of the data that is collected for research work, simple percentage are often used in data presentation for the simplify, numbers, through the use of percentages, the data are reduced in standard form with base equal to which it facilitates the relative comparisons. Simple percentage method = no. of respondents / total no. of samples * 100.
CHI-SQUARE TEST: The chi-square test is one of the most useful non-parametric tests used in statistical analysis. The chi-square test was first used by Karl Pearson in 1900; it is used to compare the observed and expected frequencies. It is important to keep in mind that the chi-square test only tests whether two variables are independent. It cannot address questions of which is greater or less. Using this chi-square test, we cannot evaluate directly the hypothesis, the test can only test whether the two variables are independent or not. A set of expected frequencies is desired under the assumption that the null hypothesis is true. This test enables us to find of the deviation of the expected frequency from theoretical ones is just by chance or due to the inadequacy of the theory to fit the data. Oi (I = 1, 2, 3,.., n) be the set of observed frequencies and
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Is
This statistics has a constraint that n n Oi = Ei i=1 i=1 If the above calculated X2 value is less than the tabulated X2 the value, we accept the null hypothesis. While comparing the calculated value of X 2 with the table value we have to determine the degree of freedom. The degrees of freedom may be considered as the number of independent observations in the sample minus number of k
observations which can be estimated using the independent observations . The degree of freedom
V=n-k
Since we have that Oi = Ei = N, the total frequency, can find one observation say nth i=1 i=1 Observation using the remaining (n-1) observations, n=n-Ei, = 1, 2, 3.n-1 Hence, the above-defined chi-square has n-1 degrees of freedom. The observed chisquare value should be compared with the tabulated chi-square with (n-1) degrees of freedom.
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CORRELATION ANALYSIS:
Correlation analysis deals with the association between two or more variable . It does not tell anything about cause and effect relationship. Correlation value shall always lie between +1 and -1. it shows there is perfect positive correlation between variables. When r=0, there is no correlation. r =cov (x,y) /s.d (x)* s.d(y) r-correlation Coefficient x & y are variables
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CHAPTER 6
DATA ANALYSIS & INTERPRETATION
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1. Age Profile of the Sample Population TABLE NO: 1 Age Profile of the Sample Population Attributes Less than 18 Years Between 18-23 Years Between 23-28 Years Between 28-45 Years More than 45 Years No.of Respondents 9 23 46 14 8 Percentage 9 23 46 14 8
Inference: It is found that 69% of respondents are in the age group 18-28 years, 14% are in the age group of 28 to 45 years, only few respondents are in age group who are less than 18 years and more than 45 years.
Percentage
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2. Qualification of the Respondents TABLE NO: 2 Qualification of the Respondents Attributes 10th pass or below Higher Secondary level Graduate Post Graduate No.of Respondents 8 18 42 32 Percentage 8 18 42 32
Percentage
Qualification
Inference: It is found that 26% of the respondents are below higher secondary level, 42% are graduates and 32% are post graduates.
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No. of Respondents 14 24 34 28
Percentage 14 24 34 28
40 35 30
Percentage
Monthly Income
Inference: It is found that 14% of the respondents monthly income is less than Rs. 10000, 24% is in between 10000 and 20000, 34% is in between 20000 and 40000, 28% is greater than 40000.
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Attributes Yes No
No.of Respondents 69 31
Percentage 69 31
31%
Yes No 69%
Inference: It is found that 69% of the respondents are having internet connection and 31% are not having internet connection.
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TABLE NO: 5 Showing the users intending internet connection Attributes Yes No No.of Respondents 65 35 Percentage 65 35
35%
Yes No 65%
Inference: It is found that 65% of the respondents who are not having internet connection are looking for internet connection, while 35% dont have any idea of purchasing a new one.
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6. For what purpose do you use internet? TABLE NO: 6 Different uses of Internet
No.of Respondents 8 22 35 25 10
Percentage 8 22 35 25 10
10%
25%
Inference: It is found that 8% of the respondents use internet for research, 22% for searching jobs, 35% for checking mails, 25% for chatting and 10% for downloading.
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No.of Respondents 25 33 18 9 15
Percentage 25 33 18 9 15
Inference: It is found that 25% of the respondents use airtel service, 33% are using BSNL, 18% are using reliance, 9% are using MTS and 15% are using other services.
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Attributes Yes No
No.of Respondents 25 75
Percentage 25 75
25%
Yes No
75%
Inference: It is found that 25% of the respondents are using Tikona and 75% are not the users of Tikona product.
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TABLE NO: 9 Tikona brand awareness Attributes Yes No No.of Respondents 87 13 Percentage 87 13
13
Yes No
87%
Inference: It is found that 87% of the respondents are aware of Tikona and only 13% are unaware of the existence of Tikona product.
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No.of Respondents 8 31 42 19
Percentage 8 31 42 19
19%
8%
31%
42%
Inference: It is found that 8% of the respondents came to know about the brand through TV ads, 31% through newspapers, 42% through sales executives, 19% through other sources.
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TABLE NO: 11 Users those who collect information before making purchase
Attributes Yes No
No.of Respondents 90 10
Percentage 90 10
FIGURE NO: 11 Users those who collect information before making purchase
10%
Yes No
90%
Inference: It is found that 90% of the respondents collected information before making a purchase decision while 10% did not collect any information.
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12. Have your friends/ relatives opinions influenced you to buy Tikona wireless broadband? TABLE NO: 12 Word of mouth referrals by friends/ relatives
No.of Respondents 33 26 11 23 7
Percentage 33 26 11 23 7
7% 23% 33% Strongly agree Agree Neutral Disagree 11% 26% Strongly disagree
Inference: It is found that 33% of the respondents strongly agree that friends had a major influence in purchase decision, 26% agree, 11% are neutral, 23% are disagree and 7% strongly disagree that friends had a major influence in purchase decision.
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13. Has the advertisement insisted major influence in your buying decision? TABLE NO: 13 Influence of Advertisements on Consumers buying decision
No.of Respondents 23 11 22 9 35
Percentage 23 11 22 9 35
23% 35% Strongly agree Agree 11% Neutral Disagree Strongly disagree 9% 22%
Inference: It is found that 23% of the respondents strongly agree that advertisement had a major influence in purchase decision, 11% agree, 22% are neutral, 9% are disagree and 35% strongly disagree that advertisement had a major influence in purchase decision.
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14. What are the features you look in a product before making purchase decision? Give preferences.
Particulars
Strongly agree
Agree
Neutral
Disagree
Strongly disagree
32
28
16
14
10
& 36
24
14
14
12
Sales 38
32
12
10
for 28
34
16
14
Add on features 26
32
28
8.8% 12% 32% Strongly agree Agree Neutral 17.2% Disagree Strongly disagree 30%
Inference It is found that 32% of the respondents strongly agree that features had a major influence in purchase decision, 30 % agree, 17.2% are neutral, 12% are disagree and 8.8% strongly disagree that friends had a major influence in purchase decision.
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15. Whom do you consult while buying a wireless internet broadband connection?
No.of Respondents 43 21 12 19 5
Percentage 43 21 12 19 5
5% 19% 43% Friends Relatives Internets 12% Newspaper/Magazines Any other source 21%
Inference: It is found that 43% of the respondents are influenced by their friends, 21% by relatives, 12% by internets, 19% by newspapers and 5% by Any other source while making purchase decision.
Vishveshwarya Group of Institutions.
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17. How satisfied are you with Tikona wireless broadband compared with the others substitutes available in the market?
TABLE NO: 17 Satisfaction with Tikona wireless broadband in comparison with other brands Attributes Highly satisfied Satisfied Neutral Dissatisfied Highly dissatisfied No.of Respondents 12 28 53 5 2 Percentage 12 28 53 5 2
FIGURE NO: 17 Satisfaction with Tikona wireless broadband in comparison with other brands
5%
2%
53%
Inference: It is found that 12% of the respondents are highly satisfied with product, 28% are satisfied, 53% are neutral, 5% are dissatisfied and 2% is highly dissatisfied with product.
Vishveshwarya Group of Institutions.
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CHI-SQUARE TEST:
Particulars
Strongly agree
Agree
Neutral
Disagree
Strongly disagree
Total
32
28
16
14
10
100
& 36
24
14
14
12
100
After Sales 38 Service Value Money Add features Total 160 on 26 for 28
32
12
10
100
34
16
14
100
32
28
100
150
86
60
44
500
NULL HYPOTHESIS: H0 There is no significant difference between the features of the brand and the acceptance of the consumers.
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ALTERNATIVE HYPOTHESIS: H1 There is significant difference between the features of the brand and the acceptance of the consumers. Calculated value of chi-square=19.528 Tabulated value of chi-square at 5% level of significance=26.3 Since Tabulated value > Calculated value Null Hypothesis Accepted. There is no significant difference between the features of the brand and the acceptance of the consumers.
CORRELATION ANALYSIS:
NULL HYPOTHESIS: There is no significant difference in the purchase influenced by the word of the mouth referrals of friends and the purchase influenced by the advertisements. ALTERNATIVE HYPOTHESIS: There is significant difference in the purchase influenced by the word of the mouth referrals of friends and the purchase influenced by the advertisements. X 33 26 11 23 7 100 Y 23 11 22 9 35 100 XY 759 286 242 207 245 1739 X2 1089 676 121 529 49 2464 Y2 529 121 484 81 1225 2440
r= cov(x,y)/s.d(x)*s.d(y) r= -0.578 Since the value of r is negative, Alternative hypothesis get accepted. There is significant difference in the purchase influenced by the word of the mouth referrals of friends and the purchase influenced by the advertisements.
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40% of the customers are satisfied with Tikona broadband while only 7% are dissatisfied with this product, all others response is neutral. 40% of the respondents are satisfied with after sales service while only very few are dissatisfied with the after sales service. 40% of the customers are satisfied with the maintenance of Tikona broadband while only 7% are dissatisfied, all others response is neutral Nearly 50% of the respondents are satisfied as the product meets the expectation of the customers while 43% of the respondents feel neutral. There is no significant difference between the features of the brand and the acceptance of the consumers. There is significant difference in the purchase influenced by the word of the mouth referrals of friends and the purchase influenced by the advertisements.
.
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CHAPTER 9 CONCLUSION
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CHAPTER 9 CONCLUSION
Consumer behavior plays a vital role recent days so the researcher carefully under takes the survey of consumers to find out its effect on TIKONA DIGITAL NETWORKS PVT LTD on the basis of that survey. All the things are mostly favorable to Tikona, the Tikona should continue the same strategy. Tikona should concentrate on sales promotional activities & recruits additional number of employees in service department in order to provide uninterrupted service to consumers. Tikona have a good brand image among consumers so in order to retain the consumers and to sustain the image it is recommended that the organization should follow the suggestions as given above in the project.
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product is easy to maintain and also the product meets the expectation of the customers. This shall be maintained.
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ANNEXURES
QUESTIONNAIRE
Respected madam/sir, As a part of my project I would like to gather some information from you Which will help me in an in depth study of project. The information provided by You will be kept confidential and will be used for academic purpose only. I would be obliged if you co-operate with me in filling the questionnaire. 1. Name .
2. Gender
a) Male b) Female
3. Age
a) Less than 18 years b) Between 18-23 years c) Between 23-28 years d) Between 28-45 years e) More than 45 years
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4. Qualification of the Respondents a) 10th pass or below b) Higher secondary level c) Graduate d) Post Graduate
a) Less than Rs. 10,000 b) Between Rs. 10,000-Rs. 20,000 c) Between Rs. 20,000-Rs. 40,000 d) More than Rs. 40,000
a) Yes b) No
a) Yes b) No
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a) Yes b) No
a) Yes b) No
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a) Yes b) No
14. Have your friends/ relatives opinions influenced you to buy Tikona wireless broadband?
15. Has the advertisement insisted major influence in your buying decision? a) Strongly agree b) Agree c) Neutral d) Disagree e) Strongly disagree 16. What are the features you look in a product before making purchase decision?
Vishveshwarya Group of Institutions.
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Give preferences. a) Brand credibility b) Price and discount c) After sales services d) Value for money e) Add on features
17. Whom do you consult while buying a wireless internet broadband connection?
a) Friends b) Relatives c) Internets d) Newspaper/ Magazines e) Any other source
18. How satisfied are you with Tikona wireless broadband compared with the others substitutes available in the market? a) Highly satisfied b) Satisfied c) Neutral d) Dissatisfied e) Highly dissatisfied
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CHAPTER 11 BIBLIOGRAPHY
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BIBLIOGRAPHY & REFERENCES BOOKS: Dr. GUPTA C.B. Dr. N. RAJAN NAIR. Marketing Management, New Delhi Sultan Chand & Sons, Publishers 2003.
GUPTA S.P., STATISTICAL METHODS, New Delhi, Sultan Chand & Sons, Publishers 2003
PHILIP KOTLER, Kevin LANE KELLER, ABRAHAM KOSHY, MITHILESHWAR Marketing Management,13th Edition, New Delhi, Pearson Education, 2008
LEON G. SCHIFFMAN, LESLIE LAZAR KANUK, Consumer Behaviour,9th Edition, New Delhi, Prentice Hall of India Pvt. Ltd., 2007
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