buying preference and satisfaction level of ramdev

52
Prepared By Darshan Patel (M0911-068) Gaurav Gagwani (M0911-022) S.V. INSTITUTE OF MANAGEMENT KADI "BUYING PREFERENCE AND SATISFACTION LEVEL OF RAMDEV GARAM MASALA: STUDY OF RETAILERS AND CUSTOMERS IN AHMEDABAD CITY" A SUMMER INTERNSHIP PROJECT ON

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Page 1: Buying Preference and Satisfaction Level of Ramdev

Prepared ByDarshan Patel (M0911-068)

Gaurav Gagwani (M0911-022)

S.V. INSTITUTE OF MANAGEMENTKADI

"BUYING PREFERENCE AND SATISFACTION LEVEL OF RAMDEV GARAM MASALA:

STUDY OF RETAILERS AND CUSTOMERS IN AHMEDABAD CITY"

A SUMMER INTERNSHIP

PROJECTON

Page 2: Buying Preference and Satisfaction Level of Ramdev

FLOW OF PRESENTATION

1. Company Profile & Industry Overview

2. Research Methodology

3. Data Interpretation

4. Major Findings

5. Recommendations

Page 3: Buying Preference and Satisfaction Level of Ramdev

ABOUT RAMDEV COMPANYIn 1963 Shri Rambhai Patel founded “Ramdev Masala” In 1965 he started grinding basic spices like chilly

powder, turmeric powder and coriander powder.In 1990 – 1991 Ramdev started selling “GARAM

MASALA”In 2001 Hasmukhbhai started “Ekta Food” in U.S.ATotal turnover of Ramdev Food Products Pvt. Ltd. Is

Rs.55 cores for the year of 2004-05 which around doubles 105 cores in the year 2008-09

Company target to become 225 cores turnover in 2010-11.

India’s first food safety ISO 22000-2005 certified spice company.

Page 4: Buying Preference and Satisfaction Level of Ramdev

VISION STATEMENT “We serve customers delights”

Company’s vision is to be Rs. 225 core Turnover Company by 2011.

Vision of the company is to make available the Ramdev brand at every counter at every center through increase distribution networks.

Ramdev will be concentrating on new product developments. Launching of newer products will be prime focus.

MISSION STATEMENT “A Promise of Purity and Freshness”

Mission of Ramdev is to deliver spices to customers with quality, purity and freshness. They also try to make spices in such a way that it can satisfy all consumers need like test, color, good for health etc. also they wants to give spices to customer at reasonable price and it must be available in the size that suits customer demand.

Page 5: Buying Preference and Satisfaction Level of Ramdev

RAMDEV BLENDED SPICESPremium Garam Masala

PowderSuper Garam masala PowderSuper Hing PowderPremium Hing PowderChat MasalaAchar MasalaSuper tea MasalaPanipuri MasalaPav-Bhaji MasalaSambhar MasalaChhole MasalaKasturi MasalaKitchen King MasalaAll in One Masala

Page 6: Buying Preference and Satisfaction Level of Ramdev

GARAM MASALAMasalas are not spices in them selves. They are

wonderfully aromatic blends of spices used throughout India and rest of subcontinent.

Garam Masala, which is literally means hot spice blend, is known of Indian spices mixture.

It was popularized in north India during the Mogul Empire Different regions use different combinations, and

the blend will also very from household to household where proportions may vary according to whatever dish is being used to season.

They are all highly aromatic, but can vary in intensity of flavor from mild to extremely hot.

Masala can be found easily in the international section of any big groceries in the west or in any Indian or south Asian shops.

Page 7: Buying Preference and Satisfaction Level of Ramdev

INDIA’S SHARE IN GLOBAL MARKET

India accounts for nearly 45% and 30% in terms of volume and value in the world spice trade.

India is one of the prime exporters of pepper, chilies, turmeric, seed spices and spice derivatives to the rest of the world. USA, EU, Japan and Sri-Lanka import these Indian spices in large volumes

Page 8: Buying Preference and Satisfaction Level of Ramdev

MAJOR COMPETITORS

BADSHAH MASALA JALARAM

MASALA

EVEREST MASALA M.D.H.

MASALA

Page 9: Buying Preference and Satisfaction Level of Ramdev

RESEARCH OBJECTIVEOBJECTIVES (Retailers)

To determine satisfaction level for Ramdev product specific focus on Garam masala.

To find out relationship of retailer with different brands of garam masala. To find out the factors that affect the Retailers decision for purchasing

Garam Masala. To identify the preferred promotional schemes by retailers. To study the effective source of Advertisement for Garam masala. To know the purchasing frequency of garam masala of retailers.

OBJECTIVES (Customers)

To find out the potential market of Ramdev Garam Masala in Ahmedabad city.

To know the consumption pattern of Garam Masala . To find out the customers satisfaction level for Ramdev Garam Masala . To find out awareness level for different brands of garam masala. To study the effective source of advertisement for garam masala from

customers view point.

Page 10: Buying Preference and Satisfaction Level of Ramdev

RESEARCH METHODOLOGYResearch Title: “Buying preference and satisfaction level of

Ramdev garam masala: A study of retailers and customers in Ahmedabad city.”

Population Definition: A person living in Ahmedabad city having age of 18 years or above and having purchasing experience of garam masala and retailers having shop in Ahmedabad city.

RESEARCH DESIGN Descriptive

SAMPLING TECHNIQUE

Non-Probability (convenience Sampling)

SAMPLE SIZE 300 RESPONDENTS (150-Retailers, 150-Customers)

SAMPLING UNITS Retailers having shop in Ahmedabad city and stocking at least 1 product of Ramdev Blended spices.Customers having purchase experience of garam masala.

DATA SOURCE Primary data: Structured Questionnaire (open ended and close ended questions)Secondary data: Books of spices and website of company and other websites related to spices.

Page 11: Buying Preference and Satisfaction Level of Ramdev

DATA INTERPRETATION (RETAILERS) Q1- Do you sell Garam Masala? (Qualifying

Question) Frequency Percentage

Yes 150 100%

No 0 0%

Total 150 100%

Yes100%

Retailers Selling Garam Masala

YesNo

Page 12: Buying Preference and Satisfaction Level of Ramdev

Q2- Do you store Ramdev Garam Masala?

  Frequency Percentage

Yes 123 82%

No 27 18%

Total 150 100%

Yes 82%

No 18%

Retailers Keeping Ramdev Garam Masala

Yes No

Page 13: Buying Preference and Satisfaction Level of Ramdev

Q3- Please specify from the following which type of blended spices do you keep to sell of any company?

(Objective: To know the range of blended spices that Major part of retailers store)

Hing

Sand

wich

Mas

ala

Tea

Mas

ala

Chhol

e m

asal

a

Chat M

asal

a

Tand

uri M

asal

a

Pani

puri

Mas

ala

Kastu

ri m

ethi

Other

s0%

10%20%30%40%50%60%70%80%90%

100%99%

41%40%

100%96%94%93%85%

93%

69%

51%

95%91%93%84%

49%

9%

No. of Retailers keeping individual spices to sell

Blended Spices

No.

of

Respondents

in p

erc

enta

ge

Page 14: Buying Preference and Satisfaction Level of Ramdev

Q4- Please specify. Which of the following Ramdev blended spices do purchase?

(Objective: To know the number of retailers keeping the specific products of Ramdev at their store to sell)

Supe

r Hing

Prem

ium

Hing

Supe

r Gar

am M

asala

Prem

ium

Gar

am M

asala

Chat M

asala

Acha

r Mas

ala

Supe

r Tea

Mas

ala

Panipu

ri Mas

ala

Pav-

bhaji M

asala

Sam

bhar

Mas

ala

Chhole

mas

ala

Kastur

i Met

hi

Kitc

hen

King

Mas

ala

All in

one

mas

ala

0%

10%

20%

30%

40%

50%

60%

70%

80%

90% 75%68%71%

36%23%

81%

45%

19%24%24%22%22%21%9%

No. of retailers keeping Ramdev Spice to sell

Range of Ramdev Blended spices

Resp

on

den

ts in

Perc

en

tag

e

Page 15: Buying Preference and Satisfaction Level of Ramdev

Q5- Following are some brands of garam masala, please tick in front of the brand that you keep to sell and please specify since how long you sell the specified brand?

(objective: To know the Relationship of retailers with the specific brand of garam masala)

TIME

BRAND

NOT

KEEPING 0 – 3

Years

4 – 7

Years

8 – 11

Years

12 or More

Years

Ramdev 27 8 5 16 94

Everest 32 7 17 17 77

MDH 118 10 6 6 10

Badshah 14 15 21 22 78

Jalaram 38 8 18 21 73

Kitchen Express 145 4 1 0 0

Wonder 142 4 4 0 0

Eastern 142 4 2 0 2

Majithia 123 27 0 0 0

Other,Specify 112 8 10 5 15

Page 16: Buying Preference and Satisfaction Level of Ramdev

Q6- How frequently do you purchase Ramdev Garam Masala and in how much quantity?

(Objective: To know the purchasing frequency of Ramdev garam masala by retailers)

1Kg - 3Kg 3Kg - 5Kg More than 10Kg Not Purchasing0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

7%

1%0% 0%

5%

1%

0% 0%

20%

3%

1% 0%

15%

2%3%

0%0 0 0

0.18

Purchasing frequency of garam masala

WeeklyFortnightlyMonthlyQuarterlyDo not Purchase

Quantity

Respondents

in p

erc

enta

ge

Page 17: Buying Preference and Satisfaction Level of Ramdev

Q7- Please rank the following factors on the basis of their priority that you consider while purchasing garam masala to sell to customers. (Rank 1 to 10)

(Objective: To know the factor affecting the purchasing frequency of garam masala among retailers)

Custo

mer

s Dem

and

Qualit

y of

Pro

duct

Price

of th

e pr

oduc

t

Brand

of t

he c

ompa

ny

Consis

tenc

y of

the

serv

ice

Sche

me

in P

rodu

ct

Credi

t Pol

icy

Profi

t Mar

gin

Repla

cem

ent o

f Pro

duct

Relat

ion

with

distrib

utor

0600

12001382

769 9041124692 867

557978

619 358

Factors considered while purchas-ing garam masala

Factors

Weig

hts

12 3

Page 18: Buying Preference and Satisfaction Level of Ramdev

Q8- Please show your level of satisfaction towards Ramdev Garam masala by rating the below mentioned factors in scale of 1 to 5.

(1=highly dissatisfied 2=dissatisfied 3=Neutral 4=satisfied 5=highly satisfied)

(objective: To know the level of satisfaction of retailers regarding this components)

FACTORSMean

Score

STD.

DEV.

Relation with Distributor 4.95 .335

Product Quality 4.65 .757

Purchasing Price 3.39 1.480

Service by company 4.85 .444

Variety in Garam Masala 4.44 .888

Scheme provided by company 4.26 1.186

Correct order delivered to your store 4.94 .266

Invoice accuracy 4.96 .236

Product Delivery Time 4.93 .420

Replacement provided by company 4.66 .885

Profit Margin 2.89 1.578

Reliability Statistics

Cronbach's

Alpha

N of

Items

0.694 11

Page 19: Buying Preference and Satisfaction Level of Ramdev

Mean

Sco

re

Factors

Page 20: Buying Preference and Satisfaction Level of Ramdev

FACTOR ANALYSISKMO AND BARTLETT'S TEST

Kaiser-Meyer-Olkin Measure of

Sampling Adequacy.

.700

Bartlett's Test of

Sphericity

Approx. Chi-

Square

377.32

1

Df 55

Sig. .000

Rotated Component Matrixa

Component

1 2 3 4

Relationship with Distributor .008 -.013 .058 .940

Product Quality .547 -.123 .216 -.275

Purchasing Price .045 .165 .806 -.160

Service by company .752 .156 .117 .064

Varity in Garam Masala .625 -.030 .443 .007

Scheme .574 .056 .568 .106

Correct order delivered .700 .560 -.151 .118

Invoice Accuracy .457 .683 -.168 .135

Product delivery Time -.056 .849 .054 -.095

Replacement .016 .673 .250 .019

Profit Margin .201 -.003 .719 .164

Extraction Method: Principal Component Analysis.

Rotation Method: Varimax with Kaiser Normalization.

a. Rotation converged in 15 iterations.

In this case KMO value is 0.700, therefore factor analysis is possible

Page 21: Buying Preference and Satisfaction Level of Ramdev

INTERPRETATION• Component 1 is highly loaded on “Service by company, correct

order delivery and variety in garam masala” factor, So “Variety of garam masala are sold to retailers with correct order and better service to them” is a one, which represents this group.

• Component 2 is highly loaded on “Product delivery time, replacement and invoice accuracy” which represents the importance of factor by customers for Ramdev garam masala product, So “Product are replaced and delivered on time with accurate invoice” is one which represent this group.

• Component 3 is highly loaded on “Purchase price and Profit margin” so “Affordable price and profit margin of Ramdev garam masala” is one which better represents the group.

• Component 4 is highly loaded on “Relationship with distributor” so “Relationship with distributor” is one which better represent this group.

Page 22: Buying Preference and Satisfaction Level of Ramdev

Q9- Have you ever Recommended Ramdev Garam Masala to customers?(Objective: To know the retailers interest in selling Ramdev garam

Masala.)

Particulars Tick Mark

No, never recommended 78

Have recommended once or twice 29

Have recommended more than twice 16

0%40%80%

63%24% 13%

Retailers recommendation regarding ramdev garam masala

Components

Resp

on

den

ts in

Perc

en

tag

e

Page 23: Buying Preference and Satisfaction Level of Ramdev

Q10- Approximate how much you purchase garam masala in quarter of all company you keep at your store?

(Objective: To know over all turnover of garam masala in 3 months at particular store)

Quantity

Below or 05 kg

06 kg – 10 kg

11 kg – 15 kg

16 kg – 20 kg

21 kg – 25 kg

More than 25 kg.

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

3.33%

10.67%

18.00%

28.00%

11.33%

28.67%

Over all purchase of garam masala in quarter by re-tailers

Quantity

Respondents

in p

erc

enta

ge

Page 24: Buying Preference and Satisfaction Level of Ramdev

Q11- Please Rank the following sales promotion schemes as per your preference.

(Objective: To know the preferred scheme among retailers)

Promotional Schemes

Gift A

rticle

Cash

disc

ount

Prem

ium

offe

r or B

onus

offe

r

Off –S

easo

n disc

ount

Coupo

ns in

Pac

king

(luc

ky d

raw)

Scra

tch

and

win o

ffer

Bund

le O

ffer (

Exam

ple

: Buy

2 g

et 1

free

)0

300

600

900829 803

499607

343 262

857Preffered Promotional schemes

Promotional Schemes

Weig

hts

12 3

Page 25: Buying Preference and Satisfaction Level of Ramdev

Q12- Please rank the following preferred promotional activities to promote Ramdev garam masala on the basis of your preference.

(Objective: To know the preferred promotional tool among retailers)

Sources of Advertisement

0

100

200

300

400

500

600

700

800

900 842887

651570

354

699

197

Preferred Sources of Advertisements

Promotional Tools

Weig

hts

12

3

Page 26: Buying Preference and Satisfaction Level of Ramdev

CUSTOMERS DATA INTERPRETATIONQ1- Do you purchase Garam Masala?

  Frequency PercentageYes 150 100No 0 0Total 150 100

Page 27: Buying Preference and Satisfaction Level of Ramdev

Q2- How many of the following brands are you aware of garam Masala products?

(1=very well aware 2=Aware 3=Neutral 4=not aware 5=Not at all aware)(Objective: To know the awareness regarding different brands among

customers)

Ramde

v

Ever

est

MDH

Jalara

m

Kitc

hen

Expr

ess

Bads

hah

Majith

ia

Won

der

Easter

n

Gajan

and

Shre

eji

00.5

11.5

22.5

33.5

44.5

54.21

4.7 4.45

3.41 3.2

4.45

2.112.43 2.15

1.81 1.61

Mean score of awarness of each company

Different Brands Of Garam Masala

Mean

Sco

re

Page 28: Buying Preference and Satisfaction Level of Ramdev

Q3- Which Brand of garam masala do you use regularly?

(Objective: To know the highly preferred garam masala brand among customers)

Ramdev

22%

Everest33%

MDH6%

Badshah19%

Jalaram7%

Loose1% Other

11%

No. Customer Using Garam Masala

Page 29: Buying Preference and Satisfaction Level of Ramdev

Q4- Please Specify how frequently do you purchase garam masala and in how much quantity?

(Objective: To know the purchasing frequency of garam masala by the customers in specific time interval)

Daily

wee

kly

Fortn

ight

ly

Mon

thly

Quarte

rly

Half y

early

Annua

lly0%

5%

10%

15%

20%

25%

30%

0%

6% 5%

29%

11%

4%2%

0% 0% 0% 1% 1%2%

0%0% 0% 0% 0% 0% 1% 1%

Purchasing frequency

50 gm - 100 gm501 gm - 1 kgMore than 1 kg

Time Duration

Resp

on

den

ts in

Perc

en

tag

e

Page 30: Buying Preference and Satisfaction Level of Ramdev

Q5- Please Specify, from where do you prefer to purchase garam masala?(Objective: To know the preferred place to purchase garam masala by

customers)

Local Store Mega Mall Super store Special Store0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

70.00%68.28%

12.41% 13.10%6.21%

Preferred place to purchase Garam Masala

Places

Resp

on

den

ts in

perc

en

tag

e

Page 31: Buying Preference and Satisfaction Level of Ramdev

Q6- Please specify which type and size of packing generally you prefer to purchase in garam masala?

(Objective: To know the specific type and size of packing preferred by customers)

10 Gram

25 Gram

50 Gram

100 Gram

200 gram

500 gram

02468

101214161820

0% 0%

6%

13%

9%

3%

Pouch Packing

Quantity

Re

sp

on

de

nts

in

Pe

rce

nta

ge

15 G

ram

50 G

ram

100

Gram

500

Gram

Other

s0%

10%

20%

30%

40%

50%

60%

0%

14%

51%

3% 1%

Box Packing

Quantity

Re

sp

on

de

nts

in

Pe

rce

nta

ge

Page 32: Buying Preference and Satisfaction Level of Ramdev

Q7- Please rate the importance of the following factors on the basis of your preference while purchasing garam masala.

(1=Extremely Important, 2=Important, 3=Neutral, 4=Not Important, 5=Not at all Important)

(Objective: To know the most important factor that effect customers buying decision)

Qualit

yPr

ice

Ingr

edie

nts

Pack

ing

Bran

d Nam

e

Sche

me

Tast

e

Smel

l

Loca

tion

of re

tail

stor

e

Shop

keep

er's sug

gest

ion

0

1

2

3

4

1.112.03 1.77

2.632.04

2.84

1.29 1.37

3.253.81

Mean score

Factors

Mean

Sco

re

Page 33: Buying Preference and Satisfaction Level of Ramdev

ANOVA TESTHo: Monthly family income has no significant impact on purchasing

of branded garam masala.

H1: Monthly family income has significant impact on purchasing of

branded garam masala.

Here the significance value of the “F Test” in the anova table is 0.794 which is more than 0.05 therefore null hypothesis is not rejected. So there is no significant impact of monthly family income on purchase of branded garam masala.

ANOVA

Brand Name and Monthly Family Income

Sum of

Squares df Mean Square F Sig.

Between Groups 2.239 4 .560 .419 .794

Within Groups 193.521 145 1.335

Total 195.760 149

Page 34: Buying Preference and Satisfaction Level of Ramdev

FACTOR ANALYSISKMO and Bartlett's Test

Kaiser-Meyer-Olkin Measure of Sampling

Adequacy.

.526

Bartlett's Test of

Sphericity

Approx. Chi-Square 326.327

Df 45

Sig. .000

Rotated Component Matrixa

Component

1 2 3 4

Quality .545 -.194 -.059 .038

Price -.003 -.089 -.042 .856

Ingredients .231 -.110 .615 .180

Packing -.018 .158 .753 .258

Brand Name -.031 .048 .815 -.161

Scheme -.094 .186 .331 .711

Taste .851 .069 .061 -.150

Smell .823 -.010 .150 .008

Location of retailers

store-.123 .900 .003 -.070

Shopkeeper's suggestion -.014 .914 .075 .120

Extraction Method: Principal Component Analysis.

Rotation Method: Varimax with Kaiser Normalization.

a. Rotation converged in 5 iterations.

In this case KMO value is 0.526, therefore factor analysis is possible.

Page 35: Buying Preference and Satisfaction Level of Ramdev

INTERPRETATION• Component 1 is highly loaded on “taste and

smell” factor, So “TASTE and SMELL” is a one, which represents this group.

• Component 2 is highly loaded on “location of retailers store and shop keepers suggestion” which represents the importance of factor by customers for Ramdev garam masala product, So “suggestion and store location of retailers” is one which represent this group.

• Component 3 is highly loaded on “Brand Name, Ingredients, and Packing” so Brand name represents good ingredients and attractive packing” is one which better represents the group.

• Component 4 is highly loaded on “Scheme and price” so “Scheme and price” is one which better represent this group.

Page 36: Buying Preference and Satisfaction Level of Ramdev

Q8- Have you ever consumed Ramdev garam masala?(Objective: To find the customers who have ever

used the Ramdev Brand of garam masala)

Yes54%

No46%

Customers who have ever used Ramdev Brand of garam masala

YesNo

  Frequency Percentage

Yes 81 54.00%

No 69 46.00%

Total  150 100.00%

Page 37: Buying Preference and Satisfaction Level of Ramdev

Q9- Do you know Ramdev Garam masala has different category?(Objective: To know the awareness of different categories

available in Ramdev for garam masala among the customers who have ever used Ramdev garam masala)

Yes29%

No25%

Not applicable46%

Awareness of catagories of Ramdev garam masala

YesNoNot applicable

Page 38: Buying Preference and Satisfaction Level of Ramdev

Q10- Please specify you level of satisfaction on the basis of your opinion regarding Ramdev garam masala?

(1=highly dissatisfied, 2=dissatisfied, 3=Neutral, 4=Satisfied,5=Highly satisfied)

Dissat-isfied14%

Neutral9%

Satisfied26%

Highly Satisfied5%

Not-Applicable46%

Level of satisfaction with Ramdev Garam Masala

DissatisfiedNeutralSatisfiedHighly SatisfiedNot-Applicable

Page 39: Buying Preference and Satisfaction Level of Ramdev

Q11- Please rate the level of agreement with the following statements with specific focus on Ramdev Garam Masala.

(1=highly disagree, 2=disagree, 3=Neutral, 4=Agree,5=Highly Agree)

(Objective: To know the level of agreement of following statements with specific focus on Ramdev Garam Masala)

Cronbach's Alpha

N of Items

0.962 4

4.3

4.4

4.5 4.4

4.55 4.52 4.49Mean Score

Mean Score

Statements

Mean

Score

Page 40: Buying Preference and Satisfaction Level of Ramdev

Q12- If Ramdev provides you the same things which you are getting from your current brand, will you preferred to switch to Ramdev garam masala?

(Objective: To know the customers willingness to switching to Ramdev if they get their needs satisfied with Ramdev)

Yes51%

No25%

Not ap-pli-

cable23%

No. of customers agree to Switch to Ramdev garam masala

Yes

No

Not applicable

Page 41: Buying Preference and Satisfaction Level of Ramdev

Q13- Do you ever refer the using method of garam masala printed on the packing?

(Objective: To know the customers interest in reading the cooking method printed on packing)

Yes63%

No37%

customers refering the using method on packing

YesNo

  Frequency PercentageYes 94 62.67%No 56 37.33%

Total 150 100.00%

Page 42: Buying Preference and Satisfaction Level of Ramdev

Q14- Please specify you add garam masala while…(Objective: To know the cooking method mostly

adopted by the customers of garam masala)Particulars Frequency Percentage

Preparing Food 96 64.00%

After cooking is completed and dish is ready 54 36.00%

Total 150 100.00%

Preparing Food64%

After cooking is com-pleted

and dish is ready

36%

Cooking Method used by customers

Preparing FoodAfter cooking is completed and dish is ready

Page 43: Buying Preference and Satisfaction Level of Ramdev

CHI-SQUARE TESTH0: Method to cook and referred method printed on packing of

garam masala are independent.

H1: Method to cook and referred method printed on packing of garam masala are dependent.

Degree

freedom

Significant

level(α)

Table

value

Symbol Calculated

value

Decision

1 0.05 3.8415 > 0.62 Not Rejected Ho

Page 44: Buying Preference and Satisfaction Level of Ramdev

Q15- Have you seen any advertisement of garam masala?(Objective: To know about advertisement awareness in

the mind of customers regarding Garam Masala Product)

Particulars Frequency PercentageYes 133 88.67%No 17 11.33%Total 150 100.00%

Yes89%

No11%

Awareness of Advertisement

YesNo

Page 45: Buying Preference and Satisfaction Level of Ramdev

Q16- What attracts you the most in the most in the advertisement?(Objective: To know the most preferred component of

advertisement by customers)

Creat

ivity

in A

d

Jingle

of th

e Ad

Brand

am

bass

ador

or t

he p

erso

n de

liver

ing

Ad

Idea

of D

elive

ring

mes

sage

Freq

uenc

y of

Adv

ertis

emen

t

Adver

tisem

ent T

iming

Leng

th o

f adv

ertis

emen

t0

200

400

600

800732 698 670

780

526 481313

Preferred components in advertisement

Weights

Components

Weig

hts

12

3

Page 46: Buying Preference and Satisfaction Level of Ramdev

Q17- On the basis of your preference please rate the following media of advertisement for garam masala product.

(Objective: To know the most preferred media of advertisement by customers)

Tele

vision

Hoard

ing

Newsp

aper

Leafl

ets

Radio

Mag

azin

e

Inte

rnet

Ad

0100200300400500600700800900

898

579

798

436

678555

265

Prference regarding Media of advertisement by customers

Weights

Sources of advertisement

We

igh

ts

12

3

Page 47: Buying Preference and Satisfaction Level of Ramdev

MAJOR FINDINGSRETAILERS: 63% of retailers have Relationship with Ramdev Food company specially for

garam masala product from 12 years or more. This is due to constant service, good marketing team efforts and good distribution channel in Ahmedabad city. [From Q5]

Retailers Preferred to purchase garam masala by keeping the ”CUSTOMERS DEMAND” and “BRAND NAME” of the product in their mind. Retailers than after give preference to Profit margin and price of the product. [From Q7]

Achar Masala of the Ramdev Food company holds the strongest position in the market out of the product length in blended spices of the company available in Ahmedabad city. 80.67% of retailers are selling Ramdev Achar masala to their customer due to good return on the sales of Achar Masala and constant scheme in the product. [From Q4]

Among all promotional schemes, Bundle offer is most preferred among the retailers as they can earn higher profit margin by selling the goods which they receive as free. [From Q11]

Retailers preferred to purchase Ramdev garam masala in range of 1kg to 3kg on monthly basis. Its because of low customer demand, Customer demands fresh pack of garam masala and also they need less amount to invest in these product. [From Q6]

Page 48: Buying Preference and Satisfaction Level of Ramdev

Among all the sources of advertisement, Television is the most preferred source of advertisement. The focal reason behind this could be that, people watch television and television commercials are the only means of advertisement which can show audio visual as well as motion advertisement to customers. [From Q12]

CUSTOMERS: From the survey we found that Everest Garam Masala is

consumed by 33% of the respondents, 22% of the respondents consume Ramdev garam masala and Badshah has 19% share in market. So From this we can say Ramdev has good potential market in Ahmedabad city. [From Q3]

50.67% of the customers preferred to purchase 100 gram box packing among all the packing available. [From Q4 and Q6]

Customers are aware about the Everest brand. According to survey the Everest brand has mean score of 4.7 which is in between the scale of very well aware and aware while Ramdev is on 4th position with mean score of 4.21 which is in between the scale of very well aware and aware. [From Q2]

Out of the 54% as mention above, only 25.92% of them are dissatisfied due to taste and smell of Ramdev garam masala and 48.15% of the customers are satisfied, 8.65% are highly satisfied. [From Q10]

Page 49: Buying Preference and Satisfaction Level of Ramdev

Among the respondents, 21.38% of the respondents 1nd preferred T.V. as the best source of advertisement and 2nd preferred is newspaper by 18.79%. [From Q17]

In the advertisement on basis of their preference, 18.57% of the respondents are attracted towards idea of delivering message in the advertisement. 17.43% of the respondents are attracted to creativity in advertisement. [From Q16]

Out of all, 54% of the respondents have used Ramdev garam masala at least once and 46% have never tried Ramdev garam masala due to unawareness regarding product or high cost. [From Q8]

Page 50: Buying Preference and Satisfaction Level of Ramdev

RECOMMENDATION Company should arrange meeting once in a year with retailers followed by the

lunch or dinner and in the meeting companies top level management should make retailers aware regarding companies policies and procedure regarding replacements and different scheme and future plan of the company should be shared with retailers to grow their interest in the company. [Answer From Q-13r]

Company should give the coupons in every news paper of Ahmedabad city which customers need to carry to the nearest Ramdev retailers to get free sample of Ramdev garam masala.

(Ramdev Food Pvt. Ltd. Did the same activity to launch their Hing in the market and received the remarkable success by doing such activity) [Answer From Q-8c]

Company should bring the bundle offer in the small quantity i.e. in range of 1kg to 3kg so that the retailers can purchase and company should continue that offer through out the year in order to increase the level of sale of garam masala.[Answer from Q11r & Q6r]

Company should bring the consumer offer in its product like Chili powder, Hing Powder or Achar masala and give garam masala as free gift to the buyer of above mention products as they have highest sales in product range. [Answer from Q-5r]

The company should sponsor some events like Ras-Garba and food festival and give banner. [Answer from Q-18c]

Page 51: Buying Preference and Satisfaction Level of Ramdev

Companies research and development team should focus to improve the taste and smell of garam masala. Company should develop garam masala which gives better taste and smell to the dish when added to it while preparing. [Answer from Q-10c and Q-14c]

Packing of garam masala should be made more attractive. Premium garam masala box packing color should be changed from black to white or any other color with some spices snaps on packing.[Answer from Q-8c and Q-13r]

Company should launch premium garam masala in small quantity packing that is less than 50 grams in quantity so as people can at least try once. If customers find good quality in this small packing they will most probable purchase of same company for their routine consumption.[Answer from Q-6c and Q13r]

Company should focus the method of using Ramdev Garam Masala to customers by the way of advertisement because people refer the method printed on the box but do not follow it. This will benefit the company to retain the customers who are unaware of using method and which have a comparative good impact on its potential market.[Answer from Q-14c and 15c]

Company should give the display at different stores where the sale of Ramdev masala is found less. The display should be in such direction that customers entering the store gets directly attracted towards that display.[Answer from Q-12r and 13r]

According to upcoming seasons and festivals, company should make advertisement with good idea of delivering message, creativity and beautiful jingle as customers preferred this factors most in advertisement. [Answer from Q-16c]

Page 52: Buying Preference and Satisfaction Level of Ramdev

Thank you …