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This Case Flyer was prepared by Kumar Gambhiraopet and Dr. Nagendra V. Chowdary, ET CASES. It is intended to be used as the basis for
classroom discussion rather than to illustrate either effective or ineffective handling of a management situation. The case flyer was compiled from
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Source
THE ECONOMIC TIMES, October 19th 2014
CB-4-0006
3. Have you shopped at the market (as stated above) with a specific product in mind or for a
specific purpose like marriage, festival or birthday or for any other reason like price, variety,
ethnicism, etc.? Or was it either to explore or entertain yourself/ accompanying your family/
friends/relatives?
4. List the contributing factors which drive you to visit the marketplaces once in a while or
quite often (Exhibit I)? Rank accordingly on the basis of the driving intensity of specific
factors i.e.,
a. Always
b. Often
c. Sometimes
d. Rarely
e. Never
5. The base article points out that, Chandni Chowk in Old Delhi, hosts Ghantewala
Confectioners, a traditional mithai (sweet) outlet started in 1780. Does this stand as a
testimony for the long time existence of marketplaces and a statement that they were there
yesterday, today and will be present tomorrow, despite the growth of high street and high-
end shopping malls as well as e-commerce? What according to you are the reasons for their
continued existence and continued patronage?
6. In the base article, a LED shop owner at one of the market centres of India’s oldest
marketplaces at Chandni Chowk says, “Chinese LED lights are the hottest selling items
this year” and draws a politically incorrect parallel between the Chinese lights and the three
Japanese scientists who won the Nobel Prize in physics for LED technology. Do such
kinds of references taken by the vendors have a placebo effect on the consumers? If yes,
what kind of consumer personality does it reflect?
7. Do you think these oldest marketplaces would continue to exist in the years and decades to
come with burgeoning growth of deep discount stores online/offline?
III. Consumer Behavior at Common-street, Traditional Brick-and-mortar Shopping
Destinations
1. What according to you are the similarities and dissimilarities between old marketplaces,
common-street shopping centre and a high-street shop or a high-end shopping mall?
2. Do you think customers ‘straddle’ between common street marketplaces and high street
stores or high-end shopping malls? If yes, what traits do such customers exhibit?
3. Were there any situations when you had to shop at an old market but you skipped it and
went to one of the high-end shopping malls? List the factors which drove you to skip
conventional marketplaces and reach out for high-end shopping malls. Is there any covert
significance of Consumer Ethnocentrism? Or behavioral traits like Compliant, Aggressive
and Detached?
4. How would you describe a typical customer’s personality who had been frequenting an old
market?
5. While high-street shops or high-end malls have enough and more ways to attract and engage
customers with their appealing visual merchandizing, extensive price promotions/price
discounts, snobbish value, etc., the common street marketplaces seem to be deprived of all
these. Yet, they do thrive on their terms. What do you think that these old marketplaces
use to attract and engage customers?
6. What is consumer personality? Does a thorough understanding personality and the
underlying traits of the same help the marketers to analyse consumer preferences, buying
motives and their buying behavior better? Are the behavioral traits of the consumers the
same at common-street markets as well as high-end shopping malls?