Академический Документы
Профессиональный Документы
Культура Документы
2) The most influencing factor according to dealers for one set of customers
while purchasing the television is brand name and for another set of
customer it is price.
3) At present 16 dealers in Guwahati are dealing with Videocon television
and few dealers have given rating as good on different attributes of
Videocon T.V.
4) According to dealers Television and newspaper are the best medium for
advertising followed by hoardings and radio fm.
5) Factor analysis revealed that according to dealers customers are :
Feature sensitive, concerned about longevity, brand conscious and
concerned about appearance of the television.
6) The consumer behaviour differs in different areas.
7) L.G and Samsung are leading brands in television market.
Important findings made from customers opinion:
1) 44% of the customers prefer to purchase LCD right now and 56% of the
customers prefer to purchase Flat T.V.
2) Majority of people wants to purchase LCD of Sony followed by Samsung and
L.G.
3) In case of Flat T.V, majority of the customers prefer L.G closely followed by
Sony.
6) LG is perceived to be strong in the area of advertisement, performance and
aesthetics. Samsung is strong in the area of aesthetics and after sale service.
8) Factor analysis revealed the variables that come into customers mind when
they think of their brand.
9) Factor analysis revealed that customers are feature sensitive, concerned
about
Prospects of LCD: Average sale of LCD in most of the outlets is less than 5. from
the survey it was found that 44% of the customers will opt for LCD of Samsung or
LG is case of repurchase. But high price of LCD has made it affordable only for the
higher income level customers. Easy payment and attractive offers can boost up the
sale of LCD.
Recommendations:
1. Attractive consumer promotion like valuable free gifts can increase sales.
2. Videocon can give 2% to 3% more on MRP as preferred by the dealers.
3. Big glow sign boards will definitely attract the customers. There needs to be
hoardings and banners in every nook and corner of the city.
4. Videocon should increase stock of television inside the shop. Only then,
visibility of Videocon inside the shop will increase.
5. The frequency of advertisement should be increased in newspaper.
6. Videocon needs to sponsor programmes and game shows in television.
7. Radio FM can be a good medium for advertising.
8. Videocon should stress more on advertising especially in television.
9. Entering mobile and computer business can increase sale of television as
range of products plays a vital role in success of a brand.
10. As customers are showing interest in purchasing LCD so Videocon should
make its presence felt in LCD market which is dominated by Samsung, LG.
The dealer margin can be 10%.
BACKGROUND OF VIDEOCON
Videocon Industries
Type
Genre
Founded
Founder
Headquarters
Area served
Industry
Revenue
Net income
Website
Private Conglomerate
Conglomerate
1987
Nandlal Madhavlal Dhoot
Aurangabad, Maharashtra, India
Consumer Electronics
Home Appliances
Components
Office Automation
Internet
Petroleum
Power
Consumer Durables, Oil and Gas etc.
U$4.1 billion
U$276 million
http://www.videoconworld.com
The Videocon group emerges as a USD 2.76 Billion global conglomerate continuing
to set trends in every sphere of its activities from a conference room sized assembly
line in 1979. The company's principal activity is to manufacture consumer
electronics and home appliances. The company is dealing in Oil & Gas, Thomson
CPT, Glass, and Consumer Electronics.
Videocon's Extensions
Videocon has acquired Electrolux brand. The other brands acquired by Videocon
are Sansui, Toshiba, Kenstar, Hyundai, Next. Also, with the acquisition of Thomson
Displays by Videocon in Poland, China, and Mexico, the company is marking its
international presence.
DEALER
DEALER
SCHEMES
MARGIN
PRICE (RS.)
(RS.)
NLC (RS.)
(RS.)
8000
800
7200
200
7000
NLC means Net Landing Cost. NLC is a cost at which the goods lands in the
dealers outlet.
For example, the price of a television is Rs. 8,000 then companys like SAMSUNG
gives a margin of almost Rs. 1,000 as shown is the table. The actual cost is Rs. 7,000.
The column SCHEME is very important and companies try to find space in
dealers outlet with attractive schemes. LG often gives schemes and thus the stock
of LG in dealers outlet is also high. Samsung is considered the best by most of the
dealers. In few outlets LG is giving poor schemes but even then the stock is high
because of high demand of LG from customers. Thus, visibility of the brand can be
increased inside the shop with good schemes.
Now, the companies also try to increase their visibility inside the shop by in shop
branding. Advertisement inside the shop has become very important because it
captures the attention of customers.
Companies like LG, Samsung, Godrej, Whirlpool are giving attractive consumer
promotion offers. Valuable free gifts are given and consumers are attracted to buy
that brand. Advertisement is very important to make an impact in minds of the
customers.
PMPO means peak music power output. Every model is designed with high r.m.s
speakers and woofers backed by sturdy cabinet design to reproduce louder and
sweet sound.
Model: 21FC2AB:
MRP: Rs 7700
Features:
Size : 21 (53 cms),
Sound Output (PMPO)200W
Multi Langauge
Eng+Hindi,
(1/1),
No of Programs
200,
10
DNIe Jr,
AV Stereo,
11
1 set
250W
12
13
Research objectives:
To know the perception of dealers about Videocons television.
To know the factors according to dealer that influences the customers while
purchasing a television.
To know the effect of various promotional schemes.
To know the factors that influences the dealers while purchasing a television
from a company.
To know about the prospects of LCD is Guwahati market.
To find out the customers perception about the brand of television they
own.
To know the factors that influences customers to purchase television.
To know about the striking media for advertising.
To know which brand of television has made the best impact in customers
mind.
14
To determine which variables the customers think about when they consider
their brand of television.
To know how Videocon is perceived by dealers and customers in relation to
Samsung and L.G.
RESEARCH DESIGN:
My research is exploratory, descriptive cross sectional and causal research.
DESCRIPTIVE CROSS-SECTIONAL: It is descriptive cross-sectional
because it covers many variables of interest. It gives a good overall picture
of the position of Videocon at a given time.
CAUSAL: My research is also causal in nature because with reasonable
confidence we can state whether a variable is affected by another variable or
not. The research seeks to establish causation.
Research methodology:
The major parts of research methodology are discussed below:
Data has been collected from primary sources- dealers and customers. Data
collection on Flat T.V was obtained from those dealers of Guwahati who
stock Videocon T.V and also from customers in general. Data collection on
L.C.D was obtained from few dealers of Guwahati. Personal interviews were
taken for dealers and questions were explained to them. Personal interviews
were taken for those customers who did not understand the printed
questionnaire.
Sampling plan: No sample size has been calculated. It is basically
convenience sampling in case of customers. In case of dealers it is judgement
15
sampling as it was decided that only those dealers who r currently stocking
Videocon television will be covered. All the dealers stocking Videocon
television now were covered.
100
16
13
Customer sample size includes customers of different income groups and life styles.
Dealers in Guwahati were divided into different areas. Videocons dealers have
been divided into 5 areas. The details of areas are as follows.
The area has been defined as follows:
Area
1
Dealers
Tarang, Galaxy electronic, G.B enterprise, Vikram sales and Bharali
3
4
5
The dealers have been divided into different areas to see whether there is any
significant difference in the responses given by them. Few dealers stay in one area
and so the average of their opinion is used in few analysis.
Field work plan and dates: Before collecting data from dealers with the aid
of questionnaire, I gathered knowledge about consumer durable goods for
first one week. I met few dealers of Guwahati and learned about the
different goods and also understood the market situation from them. Only
after this, I became more specific and I prepared questionnaire to study the
market scenario on television and prospects of L.C.D as told by my guide in
Videocon.
16
From 15th May onwards, I again went to the market and met different
dealers who stock Videocon T.V. I met 16 dealers in 8 days (2 dealers per
day) and also met dealers of L.C.D. My data collection from dealers was
over before 25th May.
Address of Videocon customers were collected from few dealers. I visited
few Videocon customers from 28th May onwards and took their interview
with the aid of printed questionnaire. I went to few schools and apartments
and collected data on different brands of Television to study the
competitors market. My data collection from customers was over by 20 th
June.
Analysis plan: It was decided in the very beginning of the project that
analysis will be done with the help of SPSS and MS Excel. Questionnaire
was prepared by keeping this analysis plan in mind.
The details of the plan are as follow:
1) To show the responses of dealers and customers with the help of pie
diagram and bar diagram.
2) To do cross tabulation between two questions which are related to each
other.
3) To apply one to one ANOVA to find out whether there is any significant
difference between the responses and to know consumer behaviour in
different areas
4) To do a factor analysis to understand the psychology of the customers
and to find out the underlying significant drivers of consumer behaviour
while purchasing television.
5) To prepare attribute mapping of Samsung, L.G and Videocon.
17
18
FACTOR ANALYSIS
DISCRIMINANT ANALYSIS
Highest stock
onida
13%
BPL
6%
samsung
LG
onida
samsung
56%
LG
25%
BPL
Sony
6%
salora
6%
samsung
19%
samsung
LG
Videocon
Videocon
19%
Sony
LG
19 50%
salora
L.G is giving good competition as 50% of the dealers has L.G as their second
highest number of stock.
Highest sale
Videocon
13%
BPL
6%
samsung
31%
samsung
LG
Videocon
BPL
LG
50%
highest
sale
Although, Samsung issecond
dealers
favorite
but L.G seems to be customers
favorite as 50% of the dealers agree that L.G is the highest selling brand.
BPL
19%
salora
6%
samsung
43%
samsung
LG
Videocon
onida
6%
onida
BPL
Videocon
13%
LG
13%
salora
20
43% of the dealers opinion is that Samsung is the 2nd highest selling brand.
Picture
Quality
6%
Aesthetics
6%
Aesthetics
Price
Brand Image
Price
44%
Brand Image
44%
Picture Quality
Aesthetics
6%
Aesthetics
Price 25%
Price
Brand Image
Picture Quality
sound
Picture
Quality 44%
Brand
Image 6%
44% of the dealers opinion is that picture quality is the 2nd most influencing
factor for the customers while purchasing television
Third most influencing factor
sales people's
opinion
6%
Aesthetics
19% price
6%
Aesthetics
price
Picture Quality
sound
44%
sound
Picture
Quality
25%
Again, 44% of the dealers opinion is that sound quality is the third most
influencing factor in customers purchase decision making.
Thus, we can conclude that brand name of the company matters the most
for one set of customer customers and another set of customers are price
22
sensitive. Picture quality and sound quality should be such that it can
attract the customer and enable him to purchase the television.
samsung
43%
videocon
6%
samsung
lg
videocon
onida
lg
38%
43.75% of the dealers opinion is that Samsung is giving the best consumer
promotion offers. Right now, Samsung is giving Khulja Slim Slim Offer.
On purchase of Samsung Flat TV the customers are entitled to
Khullja slim slim offer card. This card needs to be scratched
brand
off. The offers are free Best
upgrade
or name
sets of 2 Blockbuster
samsung
series DVD movies The customer has to be lucky
to get free upgrade
38%
offer. If the customer gets this offer then he is assured to get a high priced
T.V at a low price. For example, a customer may get ultra slim fit TV by
purchasing a simple Flat T.V.
samsung
lg
lg
62%
23
62.50% of the dealers opinion is that L.G has got the best brand name in
the market followed by Samsung. And thats why; L.G seems to be the
highest selling brand.
Best Aesthetics
onida
6%
bpl
6%
sony
6%
samsung
lg
sony
onida
samsung
57%
lg
25%
bpl
Most Reliable
57% of the dealers opinion is that Samsung has the best aesthetics. The
bpl
appearance is such
samsung The finishing touch given
6% that it can attract customers.
25%
by Samsung is better than most of the brands.
samsung
lg
bpl
lg
69%
24
69% of the dealers opinion is that L.G is the most reliable brand.
Best Sound
sansui
13%
samsung
19%
onida
19%
lg
6%
samsung
lg
videocon
sony
onida
sony
6%
videocon
37%
sansui
When it comes to sound quality, then 37% of the dealers opinion is that
Videocon has the best sound quality.
Best NLC
bpl
19%
samsung
lg
videocon
19%
videocon
lg
6%
25
samsung
56%
bpl
56% of the dealers opinion is that Samsung is giving them the best Net
Landing Rate. Because of this, Samsung leads when it comes to highest
number of stock. So, it is clear that dealers stocks that brand which gives
highest Net landing Rate. L.G is not giving a very good net landing rate so it
is 2nd in the list of highest number of stock even though L.G is the highest
selling brand.
Best after sale service
onida
13%
samsung
25%
BPL
6%
samsung
sony
6%
L.G
philips
sony
onida
philips
6%
L.G
44%
BPL
43.75% of the dealers opinion is that L.G is giving the best after sale service
and this is one of the reasons for its high demand.
Best in shop advertisement
Vieocon
25%
BPL
6%
samsung
31%
samsung
L.G
Vieocon
BPL
L.G
38%
26
BPL
6%
samsung
Vieocon
13%
L.G
Vieocon
samsung
50%
onida
BPL
L.G
25%
50% of the dealers opinion is that Samsung is giving them the best schemes.
So, Samsung is not only giving best consumer promotion offers but also the
best trade promotion offers. Because of this Samsung is actually dealers
Best
pictureapprox.
quality
favorite. Samsungs scheme
is Rs.800
onida
13%
BPL
6%
samsung
philips
6%
L.G
philips
L.G
19%
27
samsung
56%
onida
BPL
56% of the dealers opinion is that Samsungs picture quality is the best
among all the brands.
28
50.00%
40.00%
30.00%
Series1
20.00%
10.00%
0.00%
Poor
Fair
Good
Very
good
50% of the dealers opinion is that the brand name of Videocon is good and
25% of the dealers opinion is that its just fair.
Satisfaction with Aesthetics
40.00%
35.00%
30.00%
25.00%
20.00%
15.00%
10.00%
5.00%
0.00%
Series1
Poor
Fair
29
Good
Very
good
37.50% and 31.25% of the dealers feel that the aesthetics of Videocon is
good and very good. So, the aesthetics are good enough to attract the
customers. Samsung has best aesthetics so Videocon can work on this.
Satisfaction with performance
40%
30%
20%
Series1
10%
0%
Fair
Good
Very excellent
good
40.00%
35.00%
30.00%
25.00%
20.00%
Series1
15.00%
10.00%
5.00%
0.00%
Poor
Fair
Good
30
Very excellent
good
37.50% of the dealers feel that the net landing rate provided by Videocon is
good but 25% of the dealers feel that the net landing rate is just fair.
10.00%
20.00%
30.00%
40.00%
Series1
Series1
10.00%
0.00%
Poor
Good
Excellent
43.75% of the dealers say that after sale service of Videocon is good.
50.00%
40.00%
30.00%
Series1
20.00%
10.00%
0.00%
Poor
Fair
Good
VeryExcellent
good
32
50% of the dealers are not very much satisfied with the trade promotion
activity of Videocon. They say that the trade promotion is just fair.
70.00%
60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
Series1
Poor
Fair
Good
VeryExcellent
good
50.00%
40.00%
30.00%
Series1
20.00%
10.00%
0.00%
Poor
Fair
Good
VeryExcellent
good
33
50% of the dealers think that Videocons sound quality is good but 37.50%
of the dealer thinks that Videocons sound quality is very good.
Excellent
Very good
Good
Series1
Fair
Poor
0.00% 10.00% 20.00% 30.00% 40.00% 50.00%
43.75% of the dealers think that Videocons in shop branding is good but
25% of the dealers think that it is poor.
At present 16 dealers in Guwahati are dealing with Videocon television and the rating
given by them is hovering around 2 and 3 which means fair and good .The rating is
hovering around fair and good. Few dealers gave ratings as very good and no one
gave excellent. This shows that dealers are satisfied with Videocon to some extent. So,
Videocon needs to raise its bar and dominate the market which right now is dominated
by Samsung and L.G.
34
no
19%
yes
no
yes
81%
81.25% of the dealers think that in shop branding increases the sales. They
think that in shop branding increases the visibility of the brand in an outlet
which is crowded by many brands. Samsung and L.G are having the best in
shop branding followed by Videocon. This is also one of the reasons for high
sale of Samsung and L.G in Guwahati market.
35
frequencies
10
rank 1
rank 2
rank 3
rank 4
rank 5
rank 6
8
6
4
2
ho
ar
di
ng
t
er
ne
int
az
in
es
tv
fm
io
ra
d
m
ag
ne
ws
pa
pe
media
NLC
Brand name
Brand name
37%
NLC
51%
36
Consumer demand
Relationship with
company
51% of the dealers give 1st preference to net landing rate before buying
television from a company. Only 37% of the dealers give 1st preference to
brand name. This shows that brand name of a company does not matters the
most for the dealers. If the company gives a good net landing rate then most
of the dealers are ready to stock that brand.
Free goods
6%
Cash
discount
6%
Schemes
Free goods
Cash discount
Schemes
88%
88% of the dealers expect better schemes from company. Dealers expect
increase in schemes by 2% to 3% on MRP.
Dealers also expect to get a free television or refrigerator incase of bulk
purchase.
Dealers expect free tour package to foreign countries incase of huge sale
37
Yes
No
Yes
87%
87.50% of the dealers say that their stock requirements form Videocon are
met in time but remaining dealers says that their stock requirement are not
met in time.
No
13%
Yes
No
Yes
87%
Does Videocon Responds
Quickly?
No
7%
87.50% of the dealers says that there has been complain from Videocon
customers
Yes
No
Yes
38
93%
CROSS TABULATIONS :
[ALL THE CHI- SQUARED TEST HAS BEEN CARRIED AT 90%
CONFIDENCE LEVEL]
For finding out whether there is change in consumer behavior in different areas as
defined by me in the analysis, I did a cross tabulation and conducted a chi-square
test. The null hypothesis assumed is that there is no significant difference between
customers of different areas and their most influencing factor while purchasing a
television.
Chi-Square Tests
Pearson Chi-
Value
df
Asymp. Sig.
22.629
12
(2-sided)
.031
39
Square
The small value (.031) of Pearsons Chi-square test clearly states that there is
significant difference between customers of different areas and their most
influencing factor while purchasing a television.
Symmetric Measures
Contingency
Value
Approx.
.765
Sig.
.031
Coefficient
Contingency coefficient is .765 which is more than .500. This means that the
relationship between variables is strong and with approx. significance as .031, it can
be said with certainty that the relationship between the variables selected holds
true.
The objective of preparing this bar diagram is to show the difference between
different area of customers and the most influencing factor for them while
purchasing television.
40
consumer behaviour
6
5
4
aesthetics
price
brand image
picture quality
2
1
0
area 1
area 2
area 3
area 4
area 5
area of dealers
Area 1 includes dealers of Paltan bazaar, fancy bazaar and pan bazaar. The
bar diagram reveals out of the 5 dealers in this area, 4 dealers are of the
opinion that the most influencing factor for customers while purchasing a
television is brand image. Thus, the customers of this area are brand
sensitive.
Area 2 includes dealers of basistha chariali, lokhra and hatigaon. The bar
diagram reveals that out of 8 dealers in this area, 5 dealers are of the
opinion that the most influencing factor for customers while purchasing a
television is price. Thus, the customers of this area are price sensitive
Area 3 which include bharali brothers chandmari is of the view that
customers are brand sensitive.
Area 4 which include manju electronics in maligaon is of the view that
customers are price sensitive.
For finding out whether dealers stock that brand which has high demand, I made
a cross tabulation of highest number of stock and highest number of sale and
conducted a chi-square test. The null hypothesis assumed is that there is no
41
Pearson Chi-
Value
df
23.944
sided)
.004
Square
The small value (.004) of Pearsons Chi-square test clearly states that there is
significant relationship between highest number of stock of a particular brand kept
by dealers and highest number of sale of that particular brand.
Symmetric Measures
Contingency
Value
.774
Approx. Sig.
.004
Coefficient
Contingency coefficient is .774 which is more than .500. This means that the
relationship between the variables selected is strong and as approximate
significance is .004 so with a high confidence level we can say that the relationship
between the variables holds true.
The main objective of preparing this bar diagram is to show the relationship
between highest number of stock of a particular brand kept in a particular outlet
and highest number of sale of a particular brand in that outlet.
42
6
5
samsung
L.G
videocon
BPL
1
0
samsung
L.G
onida
BPL
It can be interpreted from the bar diagram that 9 dealers has Samsung as
their highest number of stock and 5 dealers out of 9 has Samsung as their
highest selling brand.
Again, 4 dealers have L.G as their highest number of stock and 3 dealers out
of 4 has L.G as their highest selling brand.
Only 1 dealer has BPL as their highest number of stock and high selling
brand in that outlet is also BPL.
There is an exception in 2 dealers outlet. Both the dealers have Onida as their
highest number of stock but highest selling brands are L.G and Videocon.
For finding out whether the dealers stock that brand the most which provides
highest N.L.C, I did a cross tabulation and conducted a chi-square test. The null
hypothesis assumed is that there is no significant relationship between the highest
number of stock kept by a dealer and the Net landing rate provided by that brand.
43
Chi-Square Tests
Pearson
Value
df
21.333
sided)
.011
Chi-Square
The small value (.011) of Pearsons Chi-square test clearly states that there is
significant relationship between the highest number of stock kept of a particular
brand and net landing rate provided by that brand
Symmetric Measures
Contingency
Value
Approx.
.756
Sig.
.011
Coefficient
Contingency coefficient is .756 which is more than .500. This means that the
relationship between variables is strong and with approx. significance as .011, it can
be said with certainty that the relationship between the variables selected holds
true.
The main objective of preparing the following bar diagram is to show that most of
the dealer stocks that brand which gives the best Net landing rate instead of
stocking that brand which has high demand. The next preference is given to the
brand which has got high demand.
44
N.L.C
samsung
L.G
videocon
BPL
samsung
L.G
onida
BPL
Chi-Square Tests
Pearson Chi-
Value
17.524
df
9
Square
The small value (.041) of Pearsons Chi-square test clearly states that there is
significant relationship high sale of a particular brand and consumer promotion
activity given by that brand.
Symmetric Measures
Contingenc
Value
.723
Approx. Sig.
.041
y
Coefficient
Contingency coefficient is .723 which is more than .500. This means that the
relationship between variables is strong and with approx. significance as .041, it can
be said with certainty that the relationship between the variables selected holds
true.
The objective of preparing the following bar diagram is to show the relationship
between highest sale of a particular brand and highest consumer promotion offer
given by that brand.
46
L.G
videocon
onida
1
0
samsung
L.G
videocon
BPL
5 dealers say that Samsung is the highest selling brand in their outlet and
Samsung gives best consumer promotion offers.
8 dealers say that L.G is the highest selling brand in their outlet and 5
dealers are of the opinion that L.G gives the best consumer promotion
offers.
BPL is the highest selling brand in one outlet and BPL gives good consumer
promotion offers according to that dealer.
In 2 outlets Videocon is highest selling brand although Samsung and L.G is
giving the best consumer promotion
Thus, we can conclude that the brand which gives good consumer promotion
offers is recording high sale too.
47
For finding out whether high sale of a particular brand is because of excellent
brand name enjoyed in the market, I did a cross tabulation and conducted a chisquare test. The null hypothesis assumed is that there is no significant relationship
between high sale of a particular brand and excellent brand name enjoyed by it in
the market
Chi-Square Tests
Value
df
Asymp.
Sig. (2-
Pearson Chi-
13.867
sided)
.003
Square
The small value (.003) of Pearsons Chi-square test clearly states that there is
significant relationship between high sale of a particular brand and excellent brand
name enjoyed by that particular brand in the market.
Symmetric Measures
Contingency
Value
.681
Approx. Sig.
.003
Coefficient
Contingency coefficient is .681 which is more than .500. This means that the
relationship between variables is strong and with approx. significance as .003, it can
be said with certainty that the relationship between the variables selected holds
true.
48
The objective of preparing this bar diagram is to show the relationship between
highest sale of a particular brand and the brand name enjoyed by that brand in the
market.
samsung
L.G
samsung
L.G
videocon
BPL
highest sale
5 dealers are of the opinion that Samsung is highest selling brand in their
outlet and they think that Samsung enjoys the best brand name in the
market.
8 dealers are of the opinion that L.G is the highest selling brand in their
outlet and L.G is the best brand according to them.
Thus, we can conclude that the brand which has made an impact in customers
mind has high demand. Customers are brand conscious.
49
For finding out whether high sale of a particular brand is related to aesthetics of
that brand, I did a cross tabulation and conducted a chi-square test. The null
hypothesis assumed is that there is no significant relationship between high sale of
a particular brand and aesthetics of that brand
Chi-Square Tests
Value
Pearson Chi-
22.278
df
12
sided)
.035
Square
The small value (.035) of Pearsons Chi-square test clearly states that there is
significant relationship between high sale of a particular brand and aesthetics of
that brand.
Symmetric Measures
Contingency
Value
.763
Approx. Sig.
.035
Coefficient
Contingency coefficient is .763 which is more than .500. This means that the
relationship between variables is strong and with approx. significance as .035, it can
be said with certainty that the relationship between the variables selected holds
true.
50
The objective of preparing this bar diagram is to show the relationship between
highest sale of a particular brand and the aesthetics of that brand.
high sale of a brand and aestheitics of that brand
6
5
samsung
L.G
sony
onida
bpl
1
0
samsung
L.G
videocon
BPL
Again, 5 dealers are of the view that one of the reasons for Samsungs high
sale is because of its aesthetics. The television is such that it can attract
customers.
Again, L.G is the highest selling brand in 8 outlets and 3 dealers are of the
view that L.Gs aesthetics are the best. Although they say that Samsung is
equally good.
Again, the dealers who say that BPL is the highest selling brand also say that
it has got the best aesthetics.
Thus, we can conclude that aesthetics plays a major role in customers mind
while purchasing a television. Samsung seems to have the best aesthetics and
also has high demand.
51
For finding out whether high sale of a particular brand is because it is reliable, I
did a cross tabulation and conducted a chi-square test. The null hypothesis assumed
is that there is no significant relationship between high sale of a particular brand
and reliability with brand
Chi-Square Tests
Pearson Chi-
Value
df
20.682
sided)
.002
Square
The small value (.002) of Pearsons Chi-square test clearly states that there is
significant relationship between high sale of a particular brand and reliability with
that brand.
Symmetric Measures
Contingency
Value
.751
Approx. Sig.
.002
Coefficient
Contingency coefficient is .751 which is more than .500. This means that the
relationship between variables is strong and with approx. significance as .002, it can
be said with certainty that the relationship between the variables selected holds
true.
52
The objective of preparing this bar diagram is to show the relationship between
highest sale of a particular brand and the aesthetics of that brand.
high sale and reliabilty
8
7
6
5
samsung
L.G
bpl
2
1
0
samsung
L.G
videocon
BPL
5 dealers say that Samsung is the highest selling brand in their outlet and 3
dealers say that Samsung is most reliable and is one of the factors for its
high demand.
Again, in 8 outlets L.G is the highest selling brand and 7 dealers are of the
view that L.G is the most reliable brand and thats why customers demand
L.G.
Again, BPL is highest selling brand according to one dealer and the dealer is
of the view that BPL is most reliable.
Thus, we can conclude that the brand which is most reliable ha high demand.
53
For finding out whether high sale of a particular brand is related to favorable net
landing cost provided by that brand to the dealer, I did a cross tabulation and
conducted a chi-square test. The null hypothesis assumed is that there is no
significant relationship between high sale of a particular brand and net landing
rate provided by that brand to the dealer
Chi-Square Tests
Value
df
Asymp.
Sig. (2-
Pearson Chi-
17.778
sided)
.038
Square
The small value (.023) of Pearsons Chi-square test clearly states that there is
significant relationship between high sale of a particular brand and net landing cost
provided by that brand to the dealer.
Symmetric Measures
Contingency
Valu
Approx. Sig.
e
.725
.038
Coefficient
Contingency coefficient is .725 which is more than .500. This means that the
relationship between variables is strong and with approx. significance as .038, it can
be said with certainty that the relationship between the variables selected holds
true.
54
The objective of preparing this bar diagram is to show the relationship between
highest sale of a particular brand and the aesthetics of that brand.
L.G
videocon
bpl
1
0
samsung
L.G
videocon
BPL
It is very clear from the bar diagram that the brand which gives the best net
landing rate has high sale. Dealers always try to sale that brand which gives them a
healthy net landing rate.
5 dealers say that Samsung is the highest selling brand in their outlet and
Samsung gives them the best net landing rate.
Videocon is the highest selling brand in 2 outlets and Videocon gives best net
landing rate.
BPL is the highest selling brand in one outlet and BPL gives the best net
landing rate to that dealer
Although, L.G is not giving a healthy net landing rate but even then it is the
highest selling brand. It is because L.G has the best brand name in the
market.
55
For finding out whether high sale of a particular brand is also because of after
sale service provided by it, I did a cross tabulation and conducted a chi-square test.
The null hypothesis assumed is that there is no significant relationship between
high sale of a particular brand and after sale service provided by that brand
Chi-Square Tests
Value
df
Asymp.
Sig. (2-
Pearson Chi-
24.671
15
sided)
.055
Square
The small value (.023) of Pearsons Chi-square test clearly states that there is
significant relationship between high sale of a particular brand and after sale
service of that brand.
Symmetric Measures
Contingency
Value
.779
Approx. Sig.
.055
Coefficient
Contingency coefficient is .779 which is more than .500. This means that the
relationship between variables is strong and with approx. significance as .055, it can
be said with certainty that the relationship between the variables selected holds
true.
56
The objective of preparing this bar diagram is to show the relationship between
highest sale of a particular brand and the after sale service of that brand.
samsung
2.5
L.G
philips
1.5
sony
onida
bpl
0.5
0
samsung
L.G
videocon
BPL
3 dealers are of the view that Samsung gives the best after sale service and
that why it has high demand.
Again, 3 dealers are of the view that L.G gives the best after sale service and
thats why it has high demand.
One dealer is of the view that BPL gives the best after sale service and thats
why it is high selling brand in his outlet.
57
For finding out whether high sale of a particular brand is related to favorable
trade promotion activity provided by that brand to the dealer, I did a cross
tabulation and conducted a chi-square test. The null hypothesis assumed is that
there is no significant relationship between high sale of a particular brand and
trade promotion provided by that brand to the dealer
Chi-Square Tests
Pearson Chi-
Value
df
27.000
12
sided)
.008
Square
The small value (.023) of Pearsons Chi-square test clearly states that there is
significant relationship between high sale of a particular brand and trade
promotion provided by that brand to the dealer.
Symmetric Measures
Contingency
Value
.792
Approx. Sig.
.008
Coefficient
Contingency coefficient is .792 which is more than .500. This means that the
relationship between variables is strong and with approx. significance as .008, it can
be said with certainty that the relationship between the variables selected holds
true.
58
The objective of preparing this bar diagram is to show the relationship between
highest sale of a particular brand and trade promotion provided by that brand to
the dealer.
samsung
L.G
videocon
onida
bpl
1
0
samsung
L.G
videocon
BPL
gives them profit. It is evident from the bar diagram that high sale of a brand is
related to trade promotional offers given by that brand.
ANOVA
(1) My next step is to find out the satisfaction level of the dealers of different areas
on different attributes of Videocon television. For this purpose I conducted one-way
ANOVA with area of dealers as factor and dependent variable being the
satisfaction of the various dealers with the attributes. I had assumed a set of 11 null
hypotheses for conducting the test.
The significance level assumed by me is 90% or 0.10. If the value in Sig. column
in ANOVA table is less than .10, it proves that at 90% confidence level the variation
in independent variable is able to cause significant variation is dependent variable.
The test reveals that there is no significant difference between different area of
dealers and the rating given by them on aesthetics, advertisement and sound
quality and after sale service.
But with a high confidence level we can conclude that there is significant level of
difference between the different areas of dealers and rating given by them on
satisfaction regarding brand name, performance, net landing rate, consumer
promotion activities, trade promotion, picture quality and in shop advertisement.
The Sig. column below reveals the significance level.
ANOVA
satisfaction with brand name
Sig.
.004
.230
.017
.075
.067
60
.355
.069
.571
.059
.168
.021
The following table will give the mean values given by different areas of dealers:
Descriptive
Mean
satisfaction with
brand name
satisfaction with
DEALERS NAME
GB, galaxy, tarang, vikram sales, bharali brothers
panbazar.
raj,rhino,uphonic,excellent,city,sunshine,rong
ghor,bambino
Bharali brothers chandmari
manju
rhino
Total
gb,galaxy,tarang,vikram,bharali panbazar
2
3.125
2
4
4
2.8125
2.4
aesthetics
raj,rhino,uphonic,excellent,city,sunshine,rong
satisfaction with
ghor,bambino
bharali chandmari
manju
rhino
Total
gb,galaxy,tarang,vikram,bharali panbazar
3.125
2
4
4
2.9375
2.4
performance
raj,rhino,uphonic,excellent,city,sunshine,rong
satisfaction with
ghor,bambino
bharali chandmari
manju
rhino
Total
gb,galaxy,tarang,vikram,bharali panbazar
3.25
2
4
5
3.0625
1.8
3.125
1
4
61
satisfaction with
rhino
Total
gb,galaxy,tarang,vikram,bharali panbazar
3
2.625
1.8
raj,rhino,uphonic,excellent,city,sunshine,rong
2.375
consumer
promotion
activities
satisfaction with
ghor,bambino
bharali chandmari
manju
rhino
Total
gb,galaxy,tarang,vikram,bharali panbazar
3
4
4
2.4375
1.8
advertisement
raj,rhino,uphonic,excellent,city,sunshine,rong
satisfaction with
ghor,bambino
bharali chandmari
manju
rhino
Total
gb,galaxy,tarang,vikram,bharali panbazar
2.75
3
3
3
2.5
1.6
trade promotion
raj,rhino,uphonic,excellent,city,sunshine,rong
satisfaction with
ghor,bambino
bharali chandmari
manju
rhino
Total
gb,galaxy,tarang,vikram,bharali panbazar
2.75
2
4
3
2.4375
2.6
after sales
service
raj,rhino,uphonic,excellent,city,sunshine,rong
satisfaction with
ghor,bambino
bharali chandmari
manju
rhino
Total
gb,galaxy,tarang,vikram,bharali panbazar
3
3
4
2
2.875
2.8
picture quality
raj,rhino,uphonic,excellent,city,sunshine,rong
satisfaction with
ghor,bambino
bharali chandmari
manju
rhino
Total
gb,galaxy,tarang,vikram,bharali panbazar
62
2.75
3
4
4
2.9375
3.4
sound
raj,rhino,uphonic,excellent,city,sunshine,rong
satisfaction with
ghor,bambino
bharali chandmari
manju
rhino
Total
gb,galaxy,tarang,vikram,bharali panbazar
2.875
4
4
4
3.25
1.4
in shop ad
raj,rhino,uphonic,excellent,city,sunshine,rong
ghor,bambino
bharali chandmari
manju
rhino
Total
2.625
2
4
3
2.3125
63
which means very good. Bharali brothers chandmari which is area 3 in my analysis
is also not very much satisfied with Videocon as we can see the rating given by them
in mean column. Thus, we can conclude that area 1 and area 3 are not very much
satisfied.
Communality
Initial
Eigen
aesthetics
.977
price
brand name
reliability
added
.886
.936
.883
.884
features
picture
sound
.897
.916
fact
values
Total
or
1
2
3
4
3.705
2.050
1.323
1.096
65
%of
Variance
41.162
22.775
14.699
12.182
Cumulative %
41.162
63.937
78.636
90.818
service
sales people
.912
.884
opinion
Factor Matrix
aesthetics
price
factor1
-.299
-.649
Factor 2
.127
-8.915E-
Factor 3
-.272
.666
Factor 4
.893
-.110
brand name
reliability
added
.236
.288
.898
02
-.575
-.718
-.198
-.638
.523
-.143
-.379
.108
.136
features
picture
sound
service
sales
.901
.773
-.125
-.908
.197
.533
.904
-2.584E-
.192
.180
-7.047E-02
-.175
-9.905E-02
4.453E-02
-.271
-.169
peoples
02
opinion
factor1
-.147
factor2
-3.561E-
factor3
-9.399E-02
Factor 4
-.972
price
brand
-.549
-9.217E-02
02
.205
.201
-.695
.912
.241
.235
name
reliability
added
.169
.787
.899
.290
-.112
.424
.182
-3.256E-02
features
picture
sound
service
sales
.911
.904
7.744E-02
-.911
1.296E-02
-.269
-.907
-.225
3.956E-02
-.146
-.263
-6.346E-02
.254
6.540E-02
.120
-1.825E-02
peoples
opinion
Interpretation of output:
66
matrix table, a slightly different picture emerges. Here, variable namely after sale
service also has a high loading of .904 on factor 2 column. Thus, both after sales
service and reliability are taken together. Now, we may combine these variables
into a factor called Trust or Guarantee or Longevity or any other
similar word or phrase which captures the essence of these two variables.
5) For interpreting factor 3, we look at the column labeled factor 3 in Rotated
matrix table and Factor matrix table. We find only one variable i.e. Brand name
having a high loading of .912 in Rotated factor matrix table. Thus, phrase for this
variable can be brand conscious.
6) For interpreting factor 4, we look at the column labeled factor 4 in Rotated
matrix table and Factor matrix table. We find one variable i.e. Aesthetics having
high loading of .893 in factor matrix table. Thus, phrase for this variable can be
Discriminant analysis:
68
Wilks'
Chi-square
df
Sig.
Function(s)
1 through 2
2
Lambda
.096
.516
79.511
22.484
22
10
.000
.013
In wilks lambda, value close to 0 indicates the group means are different. Values
close to 1 indicate that the group means are not different. Here the first wilks
lambda is .096 is close to 0 and .516 is not very close to 0. But even then, both will
be able to explain differences in the groups.
Standardized Canonical Discriminant Function Coefficients
consumer promotion
brand name
aesthetics
performance
sound quality
net landing rate
after sale service
in shop branding
trade promotion
picture quality
advertisement
Function1
-.224
.992
-.323
.199
-.092
-.708
.576
-.023
-.318
.290
.619
Function2
.355
-.303
.472
-.488
.146
.870
-.286
-.135
-.288
.080
.518
The higher value of the coefficients for a particular attribute on a function indicates
the higher loading of the same on that function.
Functions at Group Centroids
name of
Function
1
company
Samsung
.0759
1.319
69
L.G
Videocon
2.423
-2.499
-.690
-.629
The above table displays the canonical variable means by group. Within-group
means are computed for each canonical variable. In this example for the first
canonical variable, the average discriminant score for Samsung is .075. This table is
used to plot the brands on the attribute plot.
Peceptual map television brands and attributes
1.5
0.5
Series1
0
-3
-2
-1
-0.5
-1
Based on the distances of the attribute vectors from the axis and their
lengths it can be concluded that after sale service, brand name, picture
quality, advertisement, trade promotion and in shop branding weight
heavily on function 1. The graph also indicates that sound quality, consumer
70
It appears that L.G is strongly represented by brand name, after sale service
and performance.
Samsung
is
firmly
identified
by
sound
quality,
picture
quality,
Videocon, right now, is not strong in any of the areas according to the
dealers.
Findings in detail:
1) Most of the dealers stock that brand which gives them healthy net landing
cost and trade promotion schemes. Samsung gives best net landing cost and
also good schemes and so it is also kept as highest number of stocks by most
of the dealers.
71
2) The schemes given by Samsung are Rs.200 approx and dealer margin is
Rs.800 approx. Again, L.G gives Rs.400 approx as schemes and margin is
Rs.600 approx.
3) Also, Samsung leads in aesthetics and consumer promotion.
4) L.G is most reliable and has got best after sales service. The service is
prompt. In case of complain, service is given within a day.
5) It was found that dealers expect free television incase of bulk purchase of
television. Dealers also expect free tour packages incase of huge sales.
6) The most influencing factor according to dealers for one set of customers
while purchasing the television is brand name and for another set of
customer it is price. L.G is having the best brand name and price is also
affordable and thus it is the highest selling brand in most of the outlets. 2 nd
most influencing factor is picture quality and Samsung has the best picture
quality followed by L.G. Samsung and L.G are dominating the influencing
factors that influence the customers while purchasing television.
7) At present 16 dealers in Guwahati are dealing with Videocon television and
few dealers have given rating as good on different attributes of Videocon
T.V. The rating is hovering around fair and good. Very Few dealers gave
ratings as very good and no one gave rating as excellent. This shows that
dealers are satisfied with Videocon to some extent.
8) According to dealers Television and newspaper are the best medium for
advertising followed by hoardings and radio fm.
9) If the company gives a good net landing rate then most of the dealers are
ready to stock that brand. Brand name and customers demand are
secondary for most of the dealers.
72
10) Most of the dealers want better schemes from company. Apart from
ordinary schemes, dealers want extra schemes. According to them, increase
in M.R.P by Rs.300 by increasing schemes by Rs.300 will not affect the
customers much and dealers too benefit a lot.
11) Factor analysis revealed that according to dealers customers are :
a. Feature sensitive
b. Concerned about longevity
c. Brand conscious
d. Concerned about appearance of the television.
12) The customers of Paltan bazaar, Pan Bazaar, Fancy Bazaar and Chandmari
are mostly brand sensitive. The customers of Basistha chariali, Hatigaon,
Lokhra and Maligaon are mostly price sensitive.
13) There is significant level of difference between the different areas of dealers
and rating given by them on satisfaction with Videocons brand name,
performance, net landing rate, consumer promotion activities, trade
promotion, picture quality and in shop advertisement
14) L.G is perceived by the dealers to be strong in the area of brand name, after
sale service, in shop branding, performance. Samsung is strong in the area
of aesthetics, consumer promotion activities, picture quality, sound quality,
advertisement and net landing rate
15) There is significant relationship between high sale of a particular brand and
net landing rate and trade promotional activities provided by that brand to
the dealer, aesthetics of that brand, attractive offers given by that brand,
after sale service given by that brand.
73
74
LCD
7%
CTV
40%
CTV
Flat TV
LCD
Flat TV
53%
75
53% of the customers own Flat TV and 40% of the customers surveyed own
Conventional TV. Very few people own LCD.
The brand which customers can recall the most
6
5
4
3
Rank
Rank, 5
Rank, 4
2
Rank, 3
1
Rank, 2
Rank, 1
0
Sony
LG
Samsung
Onida
Videocon
The bar diagram clearly depicts that most of the customers can recall Sony
closely followed by LG.
The advertisement of the brand that customers can
recall the most
Videocon
Brands
Samsung
LG
Rank
Sony
Onida
0
763
Rank
Most of the customers can recall the advertisement of Onida closely followed
by Sony and LG. The person who acted as devil in Onida advertisement has
made considerable impact.
LCD
44%
Flat TV
Flat TV
56%
LCD
56% of the customers want to repurchase Flat TV and 44% of the customers
brand
incase of repurchase of television by
want toPreferred
repurchase
LCD.
customers at this moment
onida
6%
bpl akai
1% 1%
samsung
18%
samsung
lg
videocon
philips
sony
sony
35%
onida
philips
1%
videocon 77
11%
lg
27%
bpl
akai
35% of the customers are opting for Sony closely followed by LG and
Samsung.
7
6
5
Sony
LG
3
Samsung
2
1
0
Brand
image
Picture Features
quality
Sound
price
Reliabilty
Attributes
The above graph is in the order of most important reasons
Sony is preferred because of brand image followed by picture quality,
features, sound, price.
LG is preferred because of price followed by brand image, picture quality,
sound quality, features.
78
1
4%
4%
4%
11%
17%
13%
4
5
6
10%
6%
13%
7
8
18%
9
10
15%
7%
2%
4%
6%
1
2
3
4
5
6%
21%
6
7
13%
79
24%
8
9
10
Series1
5
0Influence of advertisement in magazine
1 2 3 4 5 6 7 8 9 10
25%
surveyed areofofinfluence
the opinion that in shop branding is
25of the customersPercentage
60& influential and 17% of the customers are of the opinion that it is 80%
20
influential.
15
Series1
10
5
80
0
1
10
percentage of influence
9
8
7
6
Series1
5
4
3
2
1
0
10
81 15
20
25
21% of the people are of the opinion that advertisement in internet is 50%
influential and 19% of the customers are of the opinion that advertisement
in internet is 40% influential. Almost 15% of the people are of the opinion
that it is least influential.
82
6
7
percentage of influence
10
21% of the people are of the opinion that advertisement in hoarding in 21%
influential while 18% of the people are of the opinion that advertisement in
hoarding is 60% influential. 15% are of the view that it 50% influential.
influence of sales people's opinion
30
25
20
percentage
of people's 15
opinion
10
Series1
5
0
1
9 10
percentage of influence
30% of the people are of the opinion that their purchase decision is
influence of opinion by friends and relatives
influenced by sales peoples opinion. Few customers are of the opinion that
they get 60% to 70% influenced. Rest of the opinion is scattered. Few
30
customers are of the opinion that sales peoples opinion is less influential
25
Series1
5
0
1
83 6
percentage of influence
9 10
26% of the people are of the opinion that they get 80% influenced by the
opinion of friends and relatives. High percentage of people gets influenced
by this kind of word of mouth marketing.
yes
32%
yes
no
no
68%
84
rating
2.5
2
Series1
1.5
1
0.5
0
less
than
10,000
10,000
to
20,000
21,000 31,000
to
to
85
30,000 40,000
income level
40,000 &
above
Brands
haier
sony
Series1
philips
videocon
lg
samsung
0
86
Most of the customers are satisfied with the performance of their brand of
television. There was significant difference in the rating given by customers.
Difference was seen in advertisement. This is quite obvious as most of the brands
are not doing advertisement except for few players like L.G., Samsung, Onida,
Sony.
Samsung
0%
LG
6%
sony
11%
Onida
33%
Onida
BPL
Videocon
Videocon
11%
Samsung
LG
sony
BPL
39%
Highest number of complain is against brands like Onida and BPL. 33%
and 39% is quite high
CROSS TABULATION
For finding out whether the users of a particular brand of television will again
buy the same brand incase of repurchase, I made a cross tabulation of users of a
particular brand of television and the preferred brand incase of repurchase and
conducted a chi-square test. The null hypothesis assumed is that there is no
87
Pearson Chi-
Value
df
Asymp. Sig.
132.285
84
(2-sided)
.001
Square
The small value (.001) of Pearsons Chi-square test clearly states that there is
significant relationship between users of a particular brand of television and the
preferred brand in case of repurchase.
Symmetric Measures
Contingency
Value
.786
Approx. Sig.
.001
Coefficient
Contingency coefficient is .786 which is more than .500. This means that the
relationship between variables is strong and with approx. significance as .001, it can
be said with certainty that the relationship between the variables selected holds
true.
akai
bpl
onida of preparing this bar diagram is to see the relationship between
The objective
users
bpl
BRAND
onida
of a particular brand of television and the preferred brand in case of repurchase.
sony
sony
videocon
philips
lg
samsung
videocon
lg
samsung
0
888
10
OPINION OF PEOPLE
12
14
16
Highest number of complains were against brands like BPL and ONIDA. The users
of these brands prefer brands like Sony, Samsung and LG.
89
The above finding has been done with the help of factor analysis which is described
below in detail:
I have 10 factors in my study. They are as follows:
I feel proud whenever I see the advertisement of my brand.
I am proud to be owner of my brand
My brand of television makes me feel superior
Everybody should know about my brand
My brand of television is very reliable
The longevity should be minimum of 5 years
The features of my brand is more important than price
I will always buy those products which comes under my brand
The price is more important that features
I prefer to pay by installments.
The objective of doing factor analysis is to find underlying factors which would be
fewer than 9 in number but would be linear combinations of some of the original 9
variables.
Factor analysis on the factors under study resulted in following output:
Final statistics
Variables
Communality
Factor
.669
the advertisement of my
90
Initial
% of
Cumulative
Eigen
Variance
values
4.073
40.727
40.727
brand
i am proud to be owner of
.722
my brand
my brand of television
.788
.724
about my brand
my brand of television is
.556
reliable
the longevity should be
.626
minimum of 5 years
the features of my brand
.911
2.505
25.054
65.781
.354
.801
.427
installments
Factor Matrix
Factor 1
.818
Factor 2
2.298E-02
my brand
i am proud to be owner of my brand
my brand of television makes me feel superior
everybody should know about my brand
my brand of television is reliable
the longevity should be minimum of 5 years
the features of my brand are more important
.816
.888
.851
.746
-.163
9.046E-02
-.237
-1.088E-02
7.402E-03
-4.848E-03
.774
.950
than price
i will always buy those products which comes
.472
.363
under my brand
91
3.240E-02
.642
-.894
.123
Factor 1
.818
Factor 2
5.143E-03
my brand
i am proud to be owner of my brand
my brand of television makes me feel superior
everybody should know about my brand
my brand of television is reliable
the longevity should be minimum of 5 years
the features of my brand are more important
.811
.887
.851
.746
-.146
.111
-.254
-3.023E-02
-1.115E-02
-2.111E-02
.778
.948
than price
i will always buy those products which comes
.480
.353
1.289E-02
.644
-.895
.109
under my brand
the price is more important
i prefer to pay by installments
92
3) Now the second task which follows is that of interpreting what these 4 extracted
factors represent. This we can accomplish by looking at Factor matrix and Rotated
factor matrix table.
4) Looking at the table Rotated factor matrix, we notice that in factor 1 column,
variables viz. proud to see advertisement, proud to be owner. Superior feeling,
everybody should know about my brand and my brand is very reliable have
loadings of .818, .811, .887, .851, .746. This suggests that factor 1 is a combination of
these 5 original variables. Factor matrix table also suggest similar grouping.
Therefore, there is no problem in interpreting that factor 1 is a combination of
these variables. At this point the task is to find out a suitable phrase which captures
the essence of original variables which continue to form underlying concept or
factor. In this case, factor 1 could be names as highly proud of ownership
5) Looking at the table Rotated factor matrix, we notice that in factor 2 column,
variables viz. the longevity should be minimum 5 years and the features are
more important than price have loadings of .778 and .948. This suggests that
factor 2 is a combination of these 2 original variables. Factor matrix table also
suggest similar grouping. Therefore, there is no problem in interpreting that factor
1 is a combination of these 2 variables. At this point the task is to find out a suitable
phrase which captures the essence of original variables which continue to form
underlying concept or factor. In this case, factor 1 could be names as quality
conscious
93
Final statistics
Variables
Comm
Factor
unality
Initial
% of
Cumulative
Eigen
Variance
.612
values
3.619
36.187
36.187
advertisement of my brand
i am proud to be owner of my
.942
3.231
32.308
68.495
brand
my brand of television makes
.900
1.374
13.737
82.233
me feel superior
everybody should know about
.918
my brand
my brand of television is
.859
reliable
the longevity should be
.905
minimum of 5 years
the features of my brand are
.854
.741
94
.729
.764
Factor Matrix
Factor 1
Factor 2
Factor 3
.597
.491
-.117
my brand
i am proud to be owner of my brand
my brand of television makes me feel superior
everybody should know about my brand
my brand of television is reliable
the longevity should be minimum of 5 years
the features of my brand are more important than
.660
.923
.838
.852
.180
.213
-.497
.195
.407
-.305
.868
.847
.509
-.101
-.226
-.200
.344
.303
price
i will always buy those products which comes
.614
-.548
.252
.302
5.268E-
-.666
-.479
-.441
.452
under my brand
the price is more important
i prefer to pay by installments
02
Rotated Factor Matrix
Factor 1
Factor 2
Factor 3
.713
.309
-8.542E-02
my brand
i am proud to be owner of my brand
my brand of television makes me feel superior
everybody should know about my brand
my brand of television is reliable
the longevity should be minimum of 5 years
the features of my brand are more important
.298
.922
.943
.752
.290
.328
-.143
6.116E-02
.166
-.402
.900
.857
.913
.214
-2.396E-02
.362
-.104
-.111
95
than price
i will always buy those products which comes
.324
-.331
.725
under my brand
the price is more important
i prefer to pay by installments
.232
-.318
-.811
2.422E-02
.132
.600
96
which continue to form underlying concept or factor. In this case, factor 1 could be
names as highly proud of ownership
4) Looking at the table Rotated factor matrix, we notice that in factor 2 column,
variables viz. the longevity should be minimum 5 years and the features are
more important than price have loadings of .900 and .857. This suggests that
factor 2 is a combination of these 2 original variables. Factor matrix table also
suggest similar grouping. Therefore, there is no problem in interpreting that factor
1 is a combination of these 2 variables. At this point the task is to find out a suitable
phrase which captures the essence of original variables which continue to form
underlying concept or factor. In this case, factor 1 could be names as quality
conscious
5) Looking at the table Rotated factor matrix, we notice that in factor 3 column,
variables viz. I am proud to be owner of my brand and I will always buy those
products which comes under my brand have loadings of .913, .725. This suggests
that factor 3 is a combination of these 2 original variables. Factor matrix table also
suggest similar grouping although the loading for the variable I will always buy
those products which comes under my brand is very less. Therefore, there is no
problem in interpreting that factor 3 is a combination of these 2 variables. At this
point the task is to find out a suitable phrase which captures the essence of original
variables which continue to form underlying concept or factor. In this case, factor 1
could be names as hard core loyal customers
97
Proud of ownership
Quality conscious.
Considers Samsung to be very reliable
The above finding has been done with the help of factor analysis which is described
below in detail:
The factors considered are same. Factor analysis on the factors under study
resulted in following output
Final statistics
Variables
Communalit
Factor
Initial
% of
Eigen
Variance
Cumulative%
.760
values
3.826
38.259
38.259
my brand
i am proud to be owner
.689
2.591
25.908
64.167
of my brand
my brand of television
.852
1.308
13.077
77.243
.878
about my brand
my brand of television is
.851
reliable
the longevity should be
.939
minimum of 5 years
the features of my brand
.836
.327
.794
important
i prefer to pay by
.798
98
installments
Factor Matrix
Factor 1
Factor 2
Factor 3
.585
-.647
4.591E-03
brand
i am proud to be owner of my brand
my brand of television makes me feel superior
everybody should know about my brand
my brand of television is reliable
the longevity should be minimum of 5 years
the features of my brand are more important than
.718
.809
.883
.405
.122
.528
.122
-.250
.250
-.188
.850
.721
-.398
-.367
.186
.807
.449
-.195
price
i will always buy those products which comes under
.472
-.195
.256
my brand
the price is more important
i prefer to pay by installments
-.817
-.430
-.351
.234
5.368E-02
-.139
Factor 2
Factor 3
.240
-.750
.374
advertisement of my brand
i am proud to be owner of my brand
my brand of television makes me
.799
.719
-.220
-.573
-4.676E-02
8.308E-02
feel superior
everybody should know about my
.779
3.396E-02
.520
brand
my brand of television is reliable
the longevity should be minimum of
-2.151E-02
.275
-3.017E-02
.877
.922
.308
5 years
the features of my brand are more
.800
.440
-5.276E-02
.231
-.230
.470
-.849
-1.140E-02
-6.843E-02
.451
-.263
-.443
99
Interpretation of output
1) In Final statistics table, we find a column named Communality. Final statistics
table tells us that after 3 factors were extracted and retained, the communality is .
760 for I feel proud whenever I see advertisement of my brand, .689 for I am
proud to be owner of my brand and so on. This means that .760 or 76.0% of the
variance (information content) of variable is captured by our 3 extracted factors
together and so on.
2) In final statistics table, we see from the cumulative percentage column that the
two factors extracted together account for 77.24 % of the total variance
(information contained in the original 10 variables). This is a good bargain, because
we are able to economise on the number of variables (from 10, it is reduced to 3
underlying factors). While we lost 22.76% of the information content (77.24% is
retained by the 3 factors extracted out of the 10 original variables.)
3) Looking at the table Rotated factor matrix, we notice that in factor 1 column,
variables viz. I am proud to be owner, superior feeling, everybody should know
about my brand have loadings of .799, .719, .779. This suggests that factor 1 is a
combination of these 3 original variables. Factor matrix table also suggest similar
grouping. Therefore, there is no problem in interpreting that factor 1 is a
combination of these variables. At this point the task is to find out a suitable phrase
which captures the essence of original variables which continue to form underlying
concept or factor. In this case, factor 1 could be names as proud of
ownership.
N.B- Samsung customers are not proud of seeing the advertisement of their brand
4) Looking at the table Rotated factor matrix, we notice that in factor 2 column,
variable viz. the longevity should be minimum 5 years have loading of .877. This
suggests that factor 2 consist of 1 original variable. Factor matrix table also suggest
100
another variable viz features are more important than price and loading is .721.
Therefore, there is no problem in interpreting that factor 1 is a combination of
these 2 variables. At this point the task is to find out a suitable phrase which
captures the essence of original variables which continue to form underlying
concept or factor. In this case, factor 1 could be names as quality conscious
5) Looking at the table Rotated factor matrix, we notice that in factor 3 column,
variable viz. my brand is very reliable have loading of .922. This suggests that
factor 3 has just one variable. Factor matrix table also suggest similar grouping.
Therefore, there is no problem in interpreting that factor 3 has just one variable.
101
attractive offer and easy payment. The objective of doing factor analysis is to find
underlying factors which would be fewer than 11 in number but would be linear
combinations of some of the original 11 variables.
Factor analysis on the factors under study resulted in following output:
Final statistics:
Variable
Communality
factor
Initial
%of
Cumulative
Eigen
Variance
values
.593
.513
.598
.620
.590
.820
.817
.715
.724
.590
.530
aesthetics
price
brand image
reliability
added features
picture quality
sound quality
after sales service
warranty period
attractive offer
easy payment
1
2
3
4
2.845
1.868
1.302
1.096
25.863
16.980
11.836
9.964
25.863
42.843
54.680
64.644
Factor Matrix
factor1
aesthetics
price
brand image
reliability
added features
picture quality
sound quality
after sales service
warranty period
attractive offer
easy payment
factor2
-.518
-.536
-.422
-.416
-.241
.870
.830
.566
.296
-.153
.072
-.412
.398
-.317
-.040
-.564
-.245
-.351
.367
.212
.627
.603
factor3
Factor 4
.386
-.189
-.530
-.401
.461
.048
.056
-.318
-.177
.414
.392
aesthetics
price
brand
factor1
-.146
-.708
-.376
Factor 2
-.714
.086
-.060
Factor 3
-.042
.038
-.673
102
Factor 4
-.245
.057
-.012
.078
-.179
-.198
.534
-.036
.032
.051
.399
-.748
.043
.087
image
reliability
added
features
picture
quality
sound
quality
after sales
service
warranty
period
attractive
offer
easy
payment
-.314
.140
-.263
-.658
.148
-.746
-.081
-.073
.857
.223
-.026
.186
.876
.141
-.092
.143
.320
.742
.153
-.195
-.041
.251
-.088
.807
-.303
.032
.705
.029
-.099
.141
.705
.046
Interpretation of output:
1) In Final statistics table, we find a column named Communality. Final statistics
table tells us that after 4 factors were extracted and retained, the communality is .
593 for aesthetics, .513 for price and so on. This means that .593 or 59.3% of the
variance (information content) of variable 1 i.e. Aesthetics is captured by our 4
extracted factors together and so on.
2) The first step in interpreting the output is to look at the factors extracted, their
Eigen values and the cumulative percentages of variance (table- final statistics). We
see from the cumulative percentage column that the three factors extracted
together account for 64.64 % of the total variance (information contained in the
original 11 variables). This is a good bargain, because we are able to economise on
the number of variables (from 11, it is reduced to 4 underlying factors). While we
lost only 35.36% of the information content (64.44% is retained by the 4 factors
extracted out of the 11 original variables.)
103
Now the second task which follows is that of interpreting what these 4 extracted
factors represent. This we can accomplish by looking at Factor matrix and Rotated
factor matrix table.
3) Looking at the table Rotated factor matrix, we notice that in factor 1 column,
variables viz. picture quality and sound have loadings of .857 and .876. This
suggests that factor 1 is a combination of these 2 original variables. Factor matrix
table also suggest similar grouping. Therefore, there is no problem in interpreting
that factor 1 is a combination of Picture quality and Sound quality.
At this point the task is to find out a suitable phrase which captures the essence of
original variables which continue to form underlying concept or factor. In this case,
factor 1 could be names as Feature sensitive or quality product.
4) Looking at the table Rotated factor matrix, we notice that in factor 2 column,
only one variable viz. after sale service have high loading of .742. Thus, factor 2
can be called as concern about after sale service
5) For interpreting factor 3, we look at the column labeled factor 3 in Rotated
matrix table and Factor matrix table. We find only 2 variable i.e. attractive offer
and easy payment in Rotated factor matrix table having loading of .705 and .705.
Thus, phrase for this variable can be lucrative offers.
6) For interpreting factor 4, we look at the column labeled factor 4 in Rotated
matrix table and Factor matrix table. We find one variable i.e. warranty period
having high loading of .807 in rotated factor matrix table. Thus, phrase for this
variable can be security conscious.
DISCRIMINANT ANALYSIS:
The objective of this analysis is to draw a perceptual map using an attribute-based
procedure, of customers perception regarding three brands of television. The three
brands are Videocon, Samsung and L.G. Data was collected from 15 customers of
104
Wilks'
Function(s)
1 through 2
2
Lambda
.032
.141
Chi-square
22.049
10.224
df
14
6
Sig.
.078
.116
In wilks lambda, values close to 0 indicate the group means are different. Values
close to 1 indicate that the group means are not different. Here the first wilks
lambda is .032 and .141 which is close to 0. Both will be able to explain differences
in the groups.
Standardized Canonical Discriminant Function Coefficients
rating for aesthetics
rating for performance
rating for
Function1
.054
1.328
.569
Function 2
.412
.315
.677
advertisement
rating for after sale
-.065
-.276
service
rating for picture
-1.206
1.219
quality
rating for sound
rating for reliability
.441
-1.070
-1.938
.527
The higher value of the coefficients for a particular attribute on a function indicates
the higher loading of the same on that function
Functions at Group Centroids
name of
Function
1
company
Samsung
L.G
Videocon
-.877
.734
.143
.313
.540
-.853
105
The above table displays the canonical variable means by group. Within-group
means are computed for each canonical variable. In this example for the first
canonical variable, the average discriminant score for Samsung is -.877. This table
is
Perceptual mapping of Customers satisfaction with
Videocon, L.G and Samsung.
1.5
1
Function 2
0.5
0
-1.5
-1
-0.5
0.5
1.5
-0.5
Series1
-1
-1.5
-2
-2.5
Function 1
Based on the distances of the attribute vectors from the axis and their
lengths it can be concluded that after sale service, advertisement and
performance weight heavily on function 1. The graph also indicates that
aesthetics and after sale service weight heavily on function 2.
106
Reliability and picture quality are not weighing heavily on any dimension
but we can say that customers of Samsung are satisfied with its picture
quality and reliability.
Sound quality is near Videocon and customers to some extent are satisfied
with Videocons sound quality.
Findings in detail:
1) 44% of the customers prefer to purchase LCD right now and 56% of the
customers prefer to purchase Flat T.V.
2) Majority of people wants to purchase LCD of Sony followed by Samsung and
L.G. Sony is preferred because of its brand image, picture quality, sound,
attractive features and also because it is reliable.
107
3) In case of Flat T.V, majority of the customers prefer L.G closely followed by
Sony. L.G is preferred because customers think that L.G has got the best brand
name and the price is also affordable. Other reasons are picture and sound
quality of L.G.
4) Videocon customers are not very much satisfied with advertisements.
5) There is no significant difference between different income level of customers
and type of television preferred.
6) Customers are mostly loyal customers as most of the customers incase of
repurchase prefers the brand which they are using right now.
7) Best brand impact in the minds of the customers is made by Sony. The other
brands are L.G, Samsung, Onida and Videocon.
8) Most of the customers can recall the advertisement of Onida followed by
Sony, Samsung, L.G and Videocon.
9) Complain against Onida and BPL are more. The owners of these brands
incase of repurchase are opting for Sony or LG.
10) People with income level of Rs. 40,000 and above are mostly brand loyal
customers.
11) Videocons advertisement campaign led by Dhoni and Shahrukh couldnt
make considerable impact as 63% of the customers surveyed cannot recall the
name of Videocon.
108
Television
Newspaper
PROSPECTS OF LCD
The full form of LCD is Liquid crystal display. LCD is the new upcoming form of
television with better picture quality. The market share of LCD is slowly increasing
in Guwahati. But, as the price is on the higher side, it is not preferred by most of
the customers. LCD is mostly for high end customers.
109
It would be interesting to see which brands of LCD are ruling the market.
Most of the dealers have less stock of LCD. 13 dealers were surveyed in Guwahati.
These dealers are well known in Guwahati market and major chunk of LCD is sold
by these dealers.
philips
8%
sanyo
8%
samsung
lg
philips
lg
23%
samsung
61%
sanyo
Out of the 13 outlet surveyed, 61% of the outlet say that highest selling
brand in Samsung. L.G is way behind and is the highest selling model in
23% of the outlets surveyed.
Size of LCD
32inch
15%
19inch
8%
19inch
26inch
32inch
26inch
110
77%
6 to 10
15%
5 or less than 5
6 to 10
5 or less than
5
85%
In 85% outlets out of the 13 outlets surveyed, average sale is 5 or less than 5.
Infact, in few outlets the sale is not even 1 per month and thus, the sale is not
very high. Mostly in areas like Ganeshguri, Christian basti, Fancy bazaar,
Paltan bazaar, chandmari, the sale is high. Almost 5 per month. In exclusive
showrooms the sale is 10 and more.
111
Out of 100 customers surveyed, 44% of them are of the view that in case of
repurchase of television, they will opt for LCD. Thus, LCD is slowly making
a place in customers mind.
Preferred Brand of LCD
Preferred Brand
philips
Videocon
onida
LG
Series1
Samsung
sony
0
10
15
20
Opinion of people
TO SUM UP:
Price of 26 inch LCD is Rs.33,000 approx and analysis proved that there is no
significant difference between different income level of people and preferred type of
television. People with income level of Rs.10,000 and above are also ready to buy
LCD incase of repurchase. Samsung and L.G launched new LCD series in the
112
113
Strength:
1) Brand name of Videocon is still one of the best. It can be market leader in
future.
2) The price of Videocon T.V is affordable.
3) Picture quality and specially sound quality of Videocon is regarded as good
by most of the dealers
114
Weakness
1) The schemes given by Videocon to most of the dealers is less and not
satisfactory.
2) There is lack of Videocon television inside the shop and so there is no brand
visibility.
3) Videocon have not made strong presence in LCD market.
4) In most of the outlets there are no glow sign boards. In shop branding is not
satisfactory.
5) The frequency of advertisement in newspaper and television is far less
compared to brands like LG and Samsung. The advertisement in local
newspapers is mostly black and white which is not attractive.
6) Consumer promotion activities are very less compared to other brands.
7) After sale service is not satisfactory according to few dealers and customers.
8) Videocon is not able to focus on consumer durable good business as it is
trying to enter many sectors.
9) Videocon hardly sponsors game shows or programmes.
10) The website of Videocon has no new news in whats new
Opportunities
1) Dealers are ready to stock Videocon television if attractive schemes are
given. Videocon can give extra scheme of 2% to 3% on MRP and capture
space in dealers outlet.
115
Threats
1) Dealers want healthy schemes and schemes of Videocon are not very
satisfactory. If this continues then market share of Videocon will drastically
come down.
2) If Videocon does not improve frequency of advertisement then there will be
no brand impact in customers mind and thus customers will not prefer
Videocon television.
3) Even if customers thinks of buying Videocon television they will land up
buying LG or Samsung as there are very less number of Videocon television
inside the shop.
4) Due to the introduction of the series of LCD like SCARLET from LG and
SERIES 4 BY Samsung, it will be difficult for Videocon to make a mark
in LCD market.
LIMITATION
My project suffers from few limitations and they are as follows:
116
117
118
Videocon television sets are very less in comparison to other brands in most
of the dealers outlet. The stock inside the shop should be increased. Only
then, the visibility inside the shop will increase.
It has been found from factor analysis that customers are quality conscious.
The sound quality of Videocon T.V is good but it needs to work on Picture
quality and Added features.
Representatives of Videocon should visit the dealers often. Videocon should
maintain better relationship with dealers.
www.videoconworld.com highlights Videocon Privilege Club. Very few
customers know about this. The news in Whats new is highlighting old
news. The website should be upgraded and Videocon should advertise the
advantages of such privilege cards.
Videocon should sponsor game shows and programmes. LG is sponsoring
game shows like kya aap panchvi paas se tez hain in Star Plus hosted by
Shahrukh Khan and Dus Ka Dum in Sony hosted by Salman Khan. These
kinds of sponsorship will increase the visibility of brand Videocon and make
an impact in the minds of the customers.
Entering mobile and computer business can increase sale of television as
range of products plays a vital role in success of a brand.
As customers are showing interest in purchasing LCD so Videocon should
make its presence felt in LCD market which is dominated by Samsung, LG.
The dealer margin can be 10% on MRP.
119
BIBLOGRAPHY
BOOKSREFFERED:
MarketingResearchbyRajendraNargundkar(2 ndEdition).
MarketingManagementbyPhilipKotler,KevinLane,AbrahamKoshyand
Mithlileshwaf(12thedition)
Websitesvisited:
www.videoconworld.com
www.google.com
120
ANNEXURE 1:
121
Samsung
Sony
L.G
Videocon
BPL
Onida
Haier
Igo
Philips
Sanyo
_______
_______
_______
_______
_______
_______
_______
_______
_______
_______
2. Rank the following Brands Flat T.V in order of high selling (rank1-highest, rank=10
lowest)
Samsung
Sony
L.G
Videocon
BPL
Onida
Haier
Igo
Philips
_______
_______
_______
_______
_______
_______
_______
_______
_______
122
Sanyo
_______
3. Which model of top brand mentioned above is sold the most?
4. According to you what influences your customers decision to purchase a Flat T.V?
(Rank 1= most influential, Rank 9= least influential)
Aesthetics
Price
Brand image
Reliability
Added Features
Picture quality
Sound
After sales service
Sales peoples opinion
_____
_____
_____
_____
_____
_____
_____
_____
_____
5. Where do you rank the following Brands of Flat T.V in terms of: (Rank 1=highest,
Rank 10= lowest)
L.
G
Samsun
g
Videoco
n
BP
L
consumer
promotio
n
Brand
name
Aesthetic
s
Reliabilit
y
Sound
quality
N.L.C
After
sales
service
In Shop
branding
Trade
promotio
n
Exchange
offer
123
Onid
a
Son
y
Haie
r
Sany
o
Ig
o
Philip
s
Picture
quality
6. Rate your satisfaction with the following attributes of Videocon Flat T.V in a 5 point
scale (Please tick in the following. 1=poor, 2=fair, 3=good, 4=very good, 5=excellent)
(i) Brand name
1
(ii) Aesthetics
1
(iii) Performance
1
(vi) Advertisement
1
shop branding
2
124
8. Which form of Advertisement is most effective for CTV? (Rank the following,
Rank1= highest)
Media
Rank Media
Rank
Newspaper
Magazines
T.V
Internet
Radio
Hoardings
9. What are your preferences before buying a Flat T.V from a company (rank the
following, rank1=most preferred, rank 9= least preferred)
________
________
________
________
________
________
________
________
________
No
12. Has there been any complain till now from Videocon Flat T.V customers?
Yes
No
If yes, did Videocon respond quickly?
Yes
No
*************
125
Samsung
Sony
L.G
Videocon
BPL
Onida
Haier
Igo
Philips
Sanyo
_______
_______
_______
_______
_______
_______
_______
_______
_______
_______
Aesthetics
Price
Brand image
Reliability
Added Features
Picture quality
Sound
_____
_____
_____
_____
_____
_____
_____
126
_____
_____
4. Where do you rank the following Brands of L.C.D in terms of: (Rank 1=highest, Rank
10= lowest)
L.
G
Sany
o
Ig
o
Philips
consumer
promotion
Brand
name
Aesthetics
Reliability
Sound
quality
N.L.C
After
sales
service
In Shop
branding
Trade
promotion
Exchange
offer
Picture
quality
5. What kind of trade promotional activities do you recommend for L.C.D?
127
Annexure 2:
128
Aesthetics (appearance)
Price
Brand image
Reliability
Added Features
Picture quality
Sound
After sales service
Warranty period
Attractive offer
_____
_____
_____
_____
_____
_____
_____
_____
_____
_____
129
Easy payment
_____
5. Rate your satisfaction till now with your brand of television in a 5 point scale.
(1=poor, 2=fair, 3=good, 4=very good, 5=excellent.) (Please tick )
(i) Aesthetics (Appearance of the T.V)
1
(ii) Performance
1
(iii) Advertisement
1
(vi) Sound
1
(vii) Reliability
1
6. How much influential are the following in your decision making. Rate the following
in a 10 point scale. (1=10%, 10=100%) (Please tick
(i) Advertisement in Newspaper
1
10
10
10
130
10
10
10
10
10
Yes
No
If yes, have your even informed the company about your complain? (Please tick
Yes
No
Again, if yes, then in how many days did the company respond? ____________
8. Rank the brands of television which comes in your mind. (Rank 1= highest, rank
5=lowest)
Rank 1= _______________
Rank 2= _______________
Rank 3= _______________
Rank 4= _______________
Rank 5= _______________
9. Which companys television advertisement you recall the most? (Rank 1= highest,
rank 3=lowest)
Rank 1= _______________
Rank 2= _______________
Rank 3= _______________
10. Which companys advertisement featured Dhoni and Shahrukh together?
11. Do you know that Videocon had been recognized as the most trusted brand? [By
Brand Equity- Economic times]. (Please tick )
Yes
No
131
12. If you go for repurchase of television, which one you will prefer from the following?
(Please tick in the following)
(i) Flat T.V
(ii) L.C.D
(iii) CTV
14. What is the reason for choosing the above mentioned brand? (Rank the following,
Rank 1= most important reason, Rank 2 = 2 nd most important reason and so on) [Please
dont repeat the ranks]
Price
Features
Brand image
Reliability
Sound
After sales service
Aesthetics
Picture quality
Attractive Advertisement
Attractive offer
_____
_____
_____
_____
_____
_____
_____
_____
_____
_____
132
(vii) I will always buy those products which comes under my brand
1
Personal profile:
Name: ___________________________________
Occupation: ____________________
133