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A Synopsis
SUBMITTED FOR THE FULFILLMENT OF THE DEGREE OF
BACHELOR OF COMMERCE (HONS.)
I, Vishnu Verma , acknowledge that I have made this case study on my own with
the guidance and help from my teacher Mr. Bhanot.
I thank him for his guidance and cooperation and all the valuable input he has
given which has helped me in completing this research.
CONTENTS
INTODUCTION OF
MARKETING
CHARACTERISTICS OF
MARKETING
CONSUMER BEHAVIOUR
NATURE OF CONSUMER
BEHAVIOUR
COMPANIES PROFILE.
CHAPTER 2 NEED OF THE STUDY 15
CHAPTER 8 SUGGESTIONS 42
CHAPTER 9 REFERENCES 44
CHAPTER 10 ANNEXURE 46
CHAPTER 1
INTRODUCTION
INTRODUCTION OF MARKETING
What is marketing?
From a societal point of view, marketing provides the link between a society's
material requirements and its economic patterns of response.
Marketing satisfies these needs and wants through the development of exchange
processes and the building of long-term relationships..
Characteristics of marketing
1. Customer-orientation:
All business activities should be directed to create and satisfy the customer.
Emphasis on the needs and wants of consumers keeps the business on the right
track.
All marketing decisions should be made on the basis of their impact on the
customer. Consumer becomes the guide of business.
2. Marketing Research:
Under the marketing concept; knowledge and understanding of customer’s
needs, wants and desires is very vital. Therefore, a regular and systematic
marketing research programme is required to keep abreast of the market. In
addition, innovation and creativity are necessary to match the products of
requirements of customers.
Up-to-date and adequate knowledge must be available to answer the following
questions:
(а) What business are we really in?
3. Marketing Planning:
The marketing concept calls for a goal-oriented approach to marketing. The
overall objectives of the firm should be the earning of profits through satisfaction
of customers. On the basis of this goal, the objectives and policies of marketing
and other departments should be defined precisely. Marketing planning helps to
inject the philosophy of consumer-orientation into the total business systems and
serves as a guide to the organisation’s efforts.
4. Integrated Marketing:
Once the organizational and departmental goals are formulated, it becomes
necessary to harmonize the organizational goals with the goals of the individuals
working in the organization. The activities and operation of various organizational
units should be properly coordinated to achieve the defined objectives. The
marketing department should develop the marketing mix which is most
appropriate for accomplishing the desired goals through the satisfaction of
customers.
5. Customer Satisfaction:
The aim should be to maximize profit over the long run through the satisfaction of
customers wants.
CONSUMER BEHAVIOUR
The study of consumer behaviour assumes that the consumers are actors in the
marketplace. The perspective of role theory assumes that consumers play various
roles in the marketplace. Starting from the information provider, from the user to
the payer and to the disposer, consumers play these roles in the decision process.
The roles also vary in different consumption situations; for example, a mother
plays the role of an influencer in a child’s purchase process, whereas she plays the
role of a disposer for the products consumed by the family.
They borrow money from friends, relatives, banks, and at times even adopt
unethical means to spend on shopping of advance technologies. But there are
other consumers who, despite having surplus money, do not go even for the
regular purchases and avoid use and purchase of advance technologies.
The rich rural consumers may think twice to spend on luxuries despite having
sufficient funds, whereas the urban consumers may even take bank loans to buy
luxury items such as cars and household appliances. The consumer behaviour may
also varies across the states, regions and countries. It may differ depending on the
upbringing, lifestyles and level of development.
d. Packaging
e. Positioning
f. Place of distribution
9. Reflects status:
The consumer behaviour is not only influenced by the status of a consumer, but it
also reflects it. The consumers who own luxury cars, watches and other items are
considered belonging to a higher status. The luxury items also give a sense of
pride to the owners.
COMPANY PROFILE
PEPSODENT
In the 1930s a massive animated neon advertising sign, featuring a young girl on a
swing, hung on a building in Times Square in New York City. (This ad was re-
created for the climax of the 2005 film King Kong.)
COLGATE
Date of
23-09 1937
Establishment
Revenue 605.297 ( USD in Millions )
Market Cap 269877.7453365 ( Rs. in Millions )
Corporate Colgate Research Centre,Main Street,Hiranandani Gardens ,
Address Powai Mumbai-400076, Maharashtra
www.colgate.co.in
Management Chairperson - Vinod Nambiar
Details MD - I Bachaalani
Directors - Shyamala Gopinath, G Nthunzi, I Shahani, V S
Mehta, J K Setna
Business
Household & Personal Products
Operation
Background Colgate-Palmolive is Rs1,300 crore company started in year
1937.In Rs2,400 crore domestic market it enjoys 50% of market
share.It spread across 4.5 million retails outlets out of which
1.5 million are direct outlets.
Financials Total Income - Rs. 50151.163 Million ( year ending Mar 2018)
Net Profit - Rs. 6589.839 Million ( year ending Mar 2018)
Company
N Ghate
Secretary
Bankers No Bankers Details in A.R
Auditors Price Waterhouse
In July 2009, the Bombay High Court sanctioned the amalgamation of both
subsidiaries of the company - Advanced Oral Care Products, Goa and Professional
Oral Care Products, Goa.
In March 2010, Colgate Palmolive (India) has acquired the remaining 25% of stake
in CC Health Care Products from the local shareholders at an aggregate price of Rs
69.07 lakh. Colgate already has 75% stake in CC Health, which is engaged in the
manufacture of toothpaste.
CLOSE UP
Launched in 1967, it is the first gel toothpaste in the world. In 2003, Unilever sold
the exclusive licensing rights of Close-Up in United States and Canada to Church &
Dwight. This sale did not affect the brand in other countries, like India where
Unilever and its subsidiaries continue marketing Close-Up. The brand is positioned
to target the youth segment with a lifestyle appeal in its advertising campaigns.
Products Offered:
As said earlier, the specialty of close-up toothpaste is that, it has come out of the
typical opaque, mint-flavored toothpaste to a cleared gel with a spicy cinnamon
taste. Its products straight away appealed to the youths and from the day of
launch, Close-up has introduces a lot of products into the market. The main
motive of Close-up was to target youth and hence to move along with the trendy
market, they launched a lot of products. They have introduced tooth with crystals
in it, the crystal frost were used to whiten teeth and to give icy-cool freshness.
Then they introduced toothpaste with two colored gels known as the Fire Freeze.
It had red and blue gel which is used for providing intensive cooling sensation and
to give long lasting freshness.
NEED OF THE
STUDY
As toothpaste is one of the vital consumer product and nowadays there are many
companies who are manufacturing varity of toothpaste therefore, there was a
need to study the perception of consumer with regard to the toothpaste.
CHAPTER 3
OBJECTIVES OF
THE STUDY
REVIEW OF
LITERATURE
ABSTRACT: ‘Consumer is king’ –the statement carries profound truth in it. Today
the success of any firm depends upon the satisfaction of consumers. For satisfying
the consumers the firm should know about the behavior of the consumers. In
these circumstances understanding consumer is a very difficult task because of
the changing technology, innovation, and changes in life style. Researchers
conducted many research in this area, and they given only few suggestion, but
there is no final conclusion. As per the ideas given by the researchers, there are
two factors influencing the consumers such as intrinsic and extrinsic factors. It is
difficult to classify consumers by conventional demographic factors and unless
their thought process and buying behavior are fully understood, decisions on
product designs and packaging, branding and distribution channels are likely to be
misplaced. With the inevitability of change looming large over the horizon, Indian
companies must learn from their western counterparts; not only to identify the
sources, timing and direction of the changes likely to affect India, but also the
new competencies and perspective that will enable them to respond to these
changes, comprehensively and effectively. This study mainly focus on
understanding the external factors like demographic, social, cultural ,price, quality
,product attributes etc for buying toothpaste. The market share of any product is
highly determined by the purchasing behavior of the consumers. Following study
is conducted by the researcher to find out the behavior of the consumers, to
analyze the preference of consumers, & consumer awareness. Descriptive
research design was adopted and the data is collected through primary and
secondary sources. The method adopted for conducting survey is questionnaire;
Simple random sampling technique was adopted for selecting the consumers.
The objectives of the study were to “Study the consumer buying habit” and “to
study the toothpaste brands to identify important parameters for customer”.
The questionnaire methodology was adopted and the consumers and the sales
officer in companies were contacted in order to have their view on toothpaste.
The area of the study was restricted to Gurgaon 100 respondents were contacted
.The sales managers in two companies were contacted and their views were
known in terms of how they were going in the toothpaste segment.
It was found that many firms are in the toothpaste segment. So it is a highly
competitive segment. It was found that focus as well as cost leadership was being
followed by the firms when they were going in the toothpaste segment.
The firms are more and more focusing on the promotion and they are spending a
lot of money on this front. Customers are also becoming demanding now-a-days
and it is seen that many attributes are important for the success of a particular
brand. The firms are going in for new launches.
It is found that the discounts are important factor. Another important factor is
brand image or brand name.
The project provided an opportunity to know about a competitive segment and
how consumers behave in that segment. It also provided an insight into the
toothpaste industry and the attitude and perception of the consumer in that
segment.
RESEARCH METHODOLOGY
RESEARCH METHODOLOGY
The process used to collect information and data for the purpose
of making business decisions. The methodology may
include publication research, interviews, surveys and other research techniques,
and could include both present and historical information.
DATA SOURCE
TOOLS USED: I presented all the result of my research through Bar Graph,
Column Graph and Pie Chart.
CHAPTER 6
DATA ANALYSIS
AND INTERPRETATION
23%
13%
64%
INTERPRETATION
The above graph shows that Colgate is most preferred toothpaste among
respondents.
4%
14%
5%
77%
INTERPRETATION
The above graph shows that majority of the respondents are using their preferred
toothpaste for more than 3 years.
9% 36%
41%
INTERPRETATION
The above graph shows that Germs Protection feature is mostly preferred while
purchasing toothpaste.
4) Which of the toothpaste according to you are better with regard to the
following criteria?
Colgate
Whitening
Good foam
Freshens your breath
Prevents germs disease
Deep clean
Prevents tooth decay
Strengthens enamel
No cavity
0% 5% 10% 15% 20% 25% 30% 35% 40%
Pepsodent
Whitening
Good foam
Freshens your breath
Prevents germs disease
Deep clean
Prevents tooth decay
Strengthens enamel
No cavity
0% 5% 10% 15% 20% 25% 30%
Close Up
Whitening
Good foam
Freshens your breath
Prevents germs disease
Deep clean
Prevents tooth decay
Strengthens enamel
No cavity
INTERPRETATION
The above graph shows that Colgate is most preferred in No Cavity criteria,
Pepsodent in Whitening criteria and Close Up in Freshens your breath criteria.
5) Which of the following features attracts you the most while purchasing
toothpaste?
Quality Extra quantity Offers Advertisement Packing
11%
11%
11%
60%
7%
INTERPRETATION
The above graph shows that Quality of the toothpaste is most preferred feature
while purchasing toothpaste.
6) How much satisfied were you in terms of product effectiveness the last time
you used your preferred toothpaste?
Colgate
Very satisfied
Satisfied
Not sure
Dissatisfied
Very dissatisfied
Very satisfied
Satisfied
Not sure
Dissatisfied
Very dissatisfied
Close Up
Very satisfied
Satisfied
Not sure
Dissatisfied
Very dissatisfied
INTERPRETATION
The above graph shows that majority of the respondents are satisfied in terms of
product effectiveness.
COLGATE
100%
90%
80%
70%
60%
50%
40%
30% Best
20% Very Good
10%
0% Good
PEPSODENT
100%
90%
80%
70%
60%
50%
40%
30% Best
20% Very Good
10%
0% Good
CLOSE UP
100%
90%
80%
70%
60%
50%
40%
30% Best
20%
10% Very Good
0% Good
INTERPRETATION
8) In case you have to choose a substitute other than your first preference which
one will you choose?
27%
41%
32%
INTERPRETATION
The above graph shows that Close Up is most preferred substitute among
respondents other than their first preference.
CHAPTER 7
FINDINGS AND
CONCLUSIUON
FINDINGS
Based on this study the preference for selecting toothpaste is mainly based on
brand quality and offers. It was seen that Colgate enjoys the majority amongst the
people closely followed by Close Up and Pepsodent. In order to choose a
substitute other than there preferred one most of the people were in favour of
Close Up .Hence well established brand such as Colgate and Close Up which have
been flourishing in the Indian market for decades control the market share of
toothpaste.
To wrap up Colgate is best among all Close Up and Pepsodent are close
competitors in this segment.
CHAPTER 8
SUGGESTIONS
REFERENCES
REFERENCES
WEBSITES
www.ssrn.com
www.slideshare.net
CHAPTER 10
ANNEXURE
QUESTIONNAIRE
PERSONAL FIELDS
(*optional fields)
*Name-_______________ *Age-__________________
*Gender-________ *Email.Id-_________________
a)Colgate
b)Pepsodent
c)Close Up
a)12/hrs refreshing
b)Germs protection
c)No cavity
d)Any other__________
4)Which of the toothpaste according to you are better with regards to the
following criteria?
Whitening
No cavity
Strengthens enamel
Prevents tooth decay
Deep clean
Prevents germs disease
Freshens your breath
Good foam
5)Which of the following factor attracts you the most while purchasing
toothpaste?
a)Quality
b)Extra quantity
c)Offers
d)Advertisement
e)Packing
6) How satisfied were you in terms of product effectiveness the last time
you used your preferred toothpaste? (Please tick the desired column)
1-Best
2-Very Good
3-Good
8)In case, you have to choose a substitute other than your first preference,
which one will you choose?
a)Colgate
b)Pepsodent
c)Close Up
______________________________________________________