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Presented By
Shardul Tiwari Roll no 2074015 PGDM(International Business)
Introduction
Rural marketing is an attractive term today as compared to what it was in mid and late 80s. Rural market have widened and deepened , thanks to government who helps farmer in the form of support pricing resulting in increased incomes . Rural markets are turning out to be attractive to companies consumer product .
Rural population has been increased about 74% of the total population; the demand for products and services has increased a lot in rural areas. Green revolution in the North and white revolution in the West has brought about a new prosperity in the lives of rural people.
Consumer Buyer Behaviour refers to the buying behaviour of final consumers - individuals and households who buy goods and services for personal consumption. All of these final consumers combined make up the consumer market. Villagers react differently to different products, colours, sizes, etc. in different parts of India. Thus utmost care in terms of understanding consumer psyche needs to be taken while marketing products to rural India.
Close up
Companies are coming up with new technology and they are properly communicating it to the customer. There is a trade-off between Quality a customer perceives and a company wants to communicate. Thus, this positioning of technology is very crucial.
BY PROVIDING WHAT CUSTOMER WANTS The customers want value for money. They do not see any value in frills associated with the products.
Conclusion
With an approximate population of 700 million people, the rural Indian market is important for multinational corporations to tap. Although rural Indians need to purchase consumer goods just as their Western counterparts do, rural Indian consumers have a different set of needs that must be met by both package and product. Spending time researching the rural Indian consumer as well as the market before diving in can help to prevent unnecessary struggles and failures.
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