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THE SURAT PEOPLES CO.OP.BANK COLLEGE OF BUSINESS ADMINISTRATION, UDHNA, SURAT 2010-11
TABLE OF CONTAIN
INTRODUCTION TO THE PROJECT 1 1.1 1.2 1.3 1.1 Objective of Study 1.2 Benefit of Study 1.3 Justification of study CONCEPTUAL FRAMEWORK 2 2.1 Introduction of Retailers Attitude 2.2 What is CFL? 2.3 Introduction of Ajanta Quartz RESEARCH METHODOLOGY 3.1 Marketing Research 3.2 The Research Process 3 3.3 Research Design 3.4 Types of Data Collection 3.5 Research Instrument 3.6 Sampling Process 4 5 6 DATA ANALYSIS & INTERPRETATION FINDING & CONCLUSION SUGGESTION Bibliography Annexure 32 52 55 19 4 1
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An Attitude is a mental
position with regard to a fact or state; a feeling or emotion toward a fact or state. For Example Lets contemplate the attitude of optimism. If you decide to have an optimistic and positive attitude in life, you'll be inclined to practice positive self-talk. Your dominant mental habits will include always seeing the glass half full, always giving people the benefit of the doubt, and always feeling a sense of hope and trust that things will turn out okay. This attitude of optimism and the corresponding mindset of positivity, compassion, hope and trust would then drive you to take certain actions. You'd be more relaxed giving and sharing with others, you'd take more risks because you'd feel a healthy level of confidence that things would work out for the best, and you would give your all because you would see the opportunity in everything. Can you imagine what kind of circumstances would occur for someone with an optimistic attitude? As if by magic, they would attract positive, generous people, work opportunities that were engaging and relationships that were fulfilling. Attitudes are generally positive or negative views of a person, place, thing, or event this is often referred to as the attitude object. People can also be conflicted or ambivalent toward an object, meaning that they simultaneously possess both positive and negative attitudes toward the item in question.
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Attitudes are judgments. They develop on the ABC model (affect, behavior, and cognition). The affective response is an emotional response that expresses an individual's degree of preference for an entity. The behavioral intention is a verbal indication or typical behavioral tendency of an individual. The cognitive response is a cognitive evaluation of the entity that constitutes an individual's beliefs about the object. Most attitudes are the result of either direct experience or observational learning from the environment.
point, retailers make it possible for products to be sold, and, consequently, business to be done. Retailers also provide services that make it less risky and more fun to buy products. They have salespeople on hand who can answer questions, may offer credit, and display products so that consumers know what is available and can see it before buying. In addition, retailers may provide many extra services, from personal shopping to gift wrapping to delivery, that increase the value of products and services to consumers.
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Reebok or Gap store then they find just Reebok and Gap products in the respective stores. 9) General store - a rural store that supplies the main needs for the local community; 10) Convenience stores: is essentially found in residential areas. They provide limited amount of merchandise at more than average prices with a speedy checkout. This store is ideal for emergency and immediate purchases. 11) Hypermarkets: provides variety and huge volumes of exclusive merchandise at low margins. The operating cost is comparatively less than other retail formats. 12) Supermarkets: is a self-service store consisting mainly of grocery and limited products on non-food items. They may adopt a Hi-Lo or an EDLP strategy for pricing. The supermarkets can be anywhere between 20,000 and 40,000 square feet (3,700 m2). Example: SPAR supermarket. 13) Malls: has a range of retail shops at a single outlet. They endow with products, food and entertainment under a roof. 14) Category killers or Category Specialist: By supplying wide assortment in a single category for lower prices a retailer can "kill" that category for other retailers. For few categories, such as electronics, the products are displayed at the center of the store and sales person will be available to address customer queries and give suggestions when required. Other retail format stores are forced to reduce the prices if a category specialist retail store is present in the vicinity. 15) E-tailers: The customer can shop and order through internet and the merchandise are dropped at the customer's doorstep. Here the retailers use drop shipping technique. They accept the payment for the product but the customer receives the product directly from the manufacturer or a wholesaler. This format is ideal for customers who do not want to travel to retail stores and are interested in home shopping. However it is important for the customer to be wary about defective products and non-secure credit card transaction. Example: Amazon, Pennyful and EBay. 16) Vending Machines: This is an automated piece of equipment wherein customers can drop in the money in machine and acquire the products.
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others. In 1995, helical lamps, manufactured in China, became commercially available; their sales have steadily increased. In 1980, Philips introduced its model SL, which was a screw-in lamp with integral ballast. The lamp used a folded T4 tube, stable tri-color phosphors, and a mercury amalgam. This was the first successful screw-in replacement for an incandescent lamp. In 1985 Osram started selling its model EL lamp, which was the first CFL to include electronic ballast. Development of fluorescent lamps that could fit in the same volume as comparable incandescent lamps required the development of new, high-efficacy phosphors that could withstand more power per unit area than the phosphors used in older, larger fluorescent tubes.
electricity usage in the United States in 2001, widespread use of CFLs could save as much as 7% of total U.S. household usage. Electrical power consumption Watts (W) Compact fluorescent Incandescent 913 1315 1825 2330 3052 40 60 75 100 150
Embodied energy
o While CFLs require more energy in manufacturing than incandescent lamps, this embodied energy is offset by their longer life and lower energy use than equivalent incandescent lamps
Cost
o While the purchase price of an integrated CFL is typically 3 to 10 times greater than that of an equivalent incandescent lamp, the extended lifetime and lower energy use will more than compensate for the higher initial cost. A U.S. article stated "A household that invested $90 in changing 30 fixtures to CFLs would save $440 to $1,500 over the fiveyear life of the bulbs, depending on your cost of electricity. Look at your utility bill and imagine a 12% discount to estimate the savings.
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2.2.4 Disadvantages
1) Starting time Incandescent reach full brightness a fraction of a second after being switched on, although some models take several seconds to reach their rated luminance. As of 2009, CFLs turn on within a second, but many still take time to warm up to full brightness. The light color may be slightly different immediately after being turned on. Some CFLs are marketed as "instant on" and have no noticeable warm-up period, but others can take up to a minute to reach full brightness, or longer in very cold temperatures. Some that use a mercury amalgam can take up to three minutes to reach full output. This and the shorter life of CFLs when turned on and off for short periods may make CFLs less suitable for applications such as motion-activated lighting. 2) Hybrid CFL In November 2010 hybrid CFLs, with instant full brightness with no warm-up delay, became available. These lamps combine a halogen lamp with a CFL. The halogen lamp lights immediately, and is switched off once the CFL has reached full brightness. 3) Human Health The cost effectiveness of battery-powered CFLs allows aid agencies to support initiatives to replace kerosene lamps, whose fumes cause chronic lung disorders in typical homes and work-places in Third World countries. According to the European Commission Scientific Committee on Emerging and Newly Identified Health Risks (SCENIHR) in 2008, the only property of compact fluorescent lamps that could pose an added health risk is the ultraviolet and blue light emitted. The worst that can happen is that this radiation could aggravate symptoms in people who already suffer rare skin conditions that make them exceptionally sensitive to light. They also stated that more research is needed to establish whether compact fluorescent lamps constitute any higher risk than incandescent lamps. If individuals are exposed to the light produced by some single-envelope compact fluorescent lamps for long periods of time at distances of less than 20 cm, it could lead to
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ultraviolet exposures approaching the current workplace limit set to protect workers from skin and retinal damage. The UV radiation received from CFLs is too small to contribute to skin cancer and the use of double-envelope CFLs "largely or entirely" mitigates any other risks
4) Mercury content CFLs, like all fluorescent lamps, contain mercury as vapor inside the glass tubing. Most CFLs contain 35 mg per bulb, with the eco-friendly bulbs containing as little as 1 mg. Because mercury is poisonous, even these small amounts are a concern for landfills and waste incinerators where the mercury from lamps may be released and contribute to air and water pollution. In the U.S., lighting manufacturer members of the National Electrical Manufacturers Association (NEMA) have voluntarily capped the amount of mercury used in CFLs. In the EU the same cap is required by the RoHS law. In areas with coal-fired power stations, the use of CFLs saves on mercury emissions when compared to the use of incandescent bulbs. This is due to the reduced electrical power demand, reducing in turn the amount of mercury released by coal as it is burned. In July 2008 the U.S. EPA published a data sheet stating that the net system emission of mercury for CFL lighting was lower than for incandescent lighting of comparable lumen output. This was based on the average rate of mercury emission for U.S. electricity production and average estimated escape of mercury from a CFL put into a landfill. Coalfired plants also emit other heavy metals, sulphur, and carbon dioxide. Net mercury emissions for CFL and incandescent lamps, based on EPA FAQ sheet, assuming average U.S. emission of 0.012 mg of mercury per kilowatt-hour and 14% of CFL mercury contents escapes to environment after land fill disposal. In the United States, the U.S. Environmental Protection Agency estimated that if all 270 million compact fluorescent lamps sold in 2007 were sent to landfill sites that this would represent around 0.13 metric tons, or 0.1% of all U.S. emissions of mercury.
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2007 and the fiscal year ended March 31, 2007 were 775.24 million and 448.97 million, respectively. Our profit after tax for the nine months ended December 31, 2007 and the fiscal years ended March 31, 2007 and March 31, 2006 were 504.56 million, 276.31 million and 13.38 million, respectively. Our revenues and EBIDTA by operating division are set forth in the table below.
2.3.2 History
Shree Odhavjibhai R. Patel founded AJANTA QUARTZ in 1971 which started with manufacturing clocks under the brand AJANTA (Ajanta Transistor Clock Manufacturing Company) is now the Worlds Largest Clock Manufacturing Company. It later diversified into Lighting & Ceramic products under the brand OREVA (Ajanta Manufacturing Limited). It has a large integrated manufacturing facility in Samakhayali (Dist. Kutch) and Morbi (Dist. Rajkot), which provides employment to more than 6000 people. Ajanta Manufacturing Limited, the corporate presence behind the leading OREVA brands of the country. Be it the CFL (power savers), Vitrified Tiles, Ajanta Manufacturing Limited mesmerized the market with its presence. To their credit they have successfully managed to hold on the hype that is always created in the market when the OREVA Brands hit any new segment. Ajanta Manufacturing Limited has consciously always ventured into the World class & value for money products that reach across the country and offered them the facilities and services which were at par with the best available and achievable. And during this process, Value for money has always been the top priority. Value for money products has made OREVA brand far flung across the country. OREVA CFL has broken all sales barriers and has become the power saver to the nation. Manufacturing a millions of these CFL Lamps helps in contributing to the nations prosperity by saving huge amount of electricity. They are single handedly responsible for making the products, which were earlier considered pure luxuries and were meant only for affluent sections of the society, absolutely within the reach of all grouping people. CFL lamps were used only as interior decoration accessories are now the most economical lighting option for the people of
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India. OREVA is amongst the leading few industrial houses to invest in the affordable ebikes technology that has the potential to revolutionize the way people travel in this country and is off course the answer to all the scarcity of the petrol resources. In order to cater to the Digital era, AJANTA has forayed into manufacturing Digital clocks and Digital moving display boards. Moving Display Boards are available in Single dimensions to suit the ambience, in various sizes designed according to the customer requirements, styles, languages and effects for displaying Information/ Messages. It offers a wide range of clocks with features like Temperature, Humidity, Calendar, Time, and Battery Back-up etc. available in various designs, colors and Sizes. AJANTA already being a worlds leader in wall clock segment has also become a pioneer in Digital clock segment in India. OREVA also has the largest Vitrified tiles plant in India having a production capacity of approximately 32,000 Sq. Mt. per day. Company have established a nationwide strong sales and distribution network, comprising around 150 super stockiest (depots), and more than 25000 A grade dealers (retail outlets) throughout the country.
2.3.3 Vision
As rightly said Vision is the art of seeing what is invisible to others. At OREVA, We cogitate to achieve highest level of customer satisfaction by continuously developing innovative product range to deliver "Value for money" products to our valued customers.
2.3.4 Product
1) 2) 3) 4) 5) 6) OREVA CFL OREVA Vitrified OREVA E-bike Moving display Board clock Digital clock
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2.3.5 Quality
Before we determine to introduce a new product, we undertake extensive research from both the marketing and manufacturing perspectives. We employ a proactive in-house research and development team whose main objective is to work out cost-effective manufacturing processes and maintain quality standards for all our products and to develop economical and efficient manufacturing solutions. We strive to create an invigorating workplace, in which all employees understand their individual responsibility to deliver high quality work by preventing waste, simplifying work practices and saving energy.
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3.2 THE RESEARCH PROCESS Following are the research process which can be useful to determine the project and
project title also. There are mainly eight steps of the following charts:-
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The researcher set time and space boundaries as The Study on retailer Attitude towards CFL of The Ajanta Quartz with respect to Surat city in August 2011.
compared by a statistical hypothesis test. An example might be where water quality in a stream has been observed over many years and a test is made of the null hypothesis that there is no change in quality between the first and second halves of the data against the alternative hypothesis that the quality is poorer in the second half of the record. The researcher set following hypothesis Null Hypothesis o The attitude of retailer is positive towards CFL of Ajanta Quartz. o The position of CFL of Ajanta Quartz in Surat city is well. o The customers view about CFL of Ajanta Quartz is positive. Alternative Hypothesis o The attitude of retailer is not positive towards CFL of Ajanta Quartz. o The position of CFL of Ajanta Quartz in Surat city is not well.
Research Design
Exploratory study
Descriptive study
Causal study
Litrature search
experince survey
Focus group
Longitudina l
Cross section
Natural ex.
Controlled ex.
True panel
Omnibus panel
Sample surver
Time series
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Descriptive research - Cross Sectional research design was taken by the researcher for The Study on Retailer Attitude towards CFL of the Ajanta Quartz With Reference To Surat City Because this, research design is focused on accurate descriptive of the variable present in the problem. A descriptive study is undertaken when the researcher wants to know the characteristics of certain groups such as age, sex, education level, income, occupations, etc.
suitable in the case of some studies, several things of interest such as attitudes, opinions, motivations and other intangible states of mind cannot be observed. 2) Survey Method o In marketing research, field surveys are commonly used to collect primary data from the respondents. Surveys can be 1) Personal, 2) Telephonic, 3) Mail, 4) Diary. The researcher decided to collect data through primary data collection; the researcher was selecting the survey method for collection of primary data. In the survey method, the researcher selects personal survey and e-mail survey for data collection. For the collection of required primary data, the researcher prepared the questionnaire, which is enclosed at the end of the topic. The questionnaire includes two types of question that is single choice, multi-choice and rank question.
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13.67%
13.33% Below 25 years 25-35 years 32% 35-45 years Above 45 years
48.67%
Interpretation: - From this diagram researcher may interpret that in retailing business 13.33%
are below 25 years old; 32% are between 25 to 35 years; 48.67% are between 35 to 45 year and 13.67% are above 45 years.
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2) Educational Level : Option Below Pre degree UG/Diploma PG Total Responses 38 85 27 150
56.67%
Interpretation: - From this diagram researcher may interpret that in retailing business 25.33%
are below pre degree education; 56.67% are having UG/Diploma degree and 18% are having PG degree.
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3) Nature of the Shop : Option Mega Shop Electronics Super Store Total Responses 49 53 48 150
32%
35.33%
Interpretation: - From this diagram researcher may interpret that in retailing business 32.67%
shop are mega shop; 35.33% are electronics and 32% are super store.
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4) Since, how long you are in this business? Option Less than 5 years 6 10 years 11 15 years More than 15 years Total Responses 25 44 51 30 150
20%
34%
Interpretation: - From this diagram researcher may interpret that in retailing business 16.67%
people are from less than 5 years; 29.33% people are from 6 10 years; 34% people are from 11 15 years and 20% people are from more than 15years.
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5) Which features influence you to keep this product? Option Quality Price Durability Brand Image Very Good 52 109 39 24 Good 79 35 71 43 Average 18 4 28 58 Poor 0 0 11 21 Very Poor 0 0 0 3 Total 150 150 150 150
Wi 4 3 2 1 0
34.67%
Interpretation: - From this diagram researcher may interpret about influence of quality of
product is that 34.67% retailers strongly agree; 52.67% are agree; 12% are neutral.
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5.2) Price: Response (Fi) 109 35 4 0 0 Total = 150 WAM Wi 4 3 2 1 0 Fi Wi 236 105 8 0 0 349
2.67%
0%
0%
23.33%
Interpretation: - From this diagram researcher may interpret about influence of price of
product is that 72.67% retailers strongly agree; 23.33% are agree; 2.67% are neutral.
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5.3) Durability: Response (Fi) 39 71 28 11 0 Total = 150 WAM Wi 4 3 2 1 0 Fi Wi 156 213 56 11 0 436
7.33% 0%
26% 18.67%
47.33%
Interpretation: - From this diagram researcher may interpret about influence of durability of
product is that 26% retailers strongly agree; 47.33% are agree; 18.67% are neutral: 7.33% are not agree.
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5.4) Brand Image: Response (Fi) 24 43 58 21 3 Total = 150 WAM Wi 4 3 2 1 0 Fi Wi 96 129 116 21 0 362
2% 14% 16% Very Good Good Average 28.67% 38.67% Poor Very Poor
Interpretation: - From this diagram researcher may interpret about influence of brand image
of product is that 16% retailers strongly agree; 28.67% are agree; 38.67% are neutral: 14% are not agree and 2% are strongly not agree.
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6) How much quantity of CFL you sell per month? Option 200 400 Units 400 600 Units 600 800 Units More than 800 Units Total Responses 46 69 24 10 150
6.67%
16%
30.67%
46%
Interpretation: - From this diagram researcher may interpret that in retailing business 30.67%
are sell 200 400 Units per month; 46% are sell 400 600 units per month; 16% are sell 600 800 units per month and 6.67% are sell more than 800 units per month.
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7) How often you are getting the supply of product? Option Daily Once in a week Once in 15 Days Once in a Month Total Responses 6 26 33 83 150
4% 17.33% Daily once in a week 55.67% 22% once in 15 day once in a mth
Interpretation: - From this diagram researcher may interpret that in retailing business 4% are
getting daily supply from company; 17.33% are once in a week; 22% are once in a 15 days and 55.67% are once in month.
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8) Reason for selling Ajantas CFL. Option Customer Acceptance Increased profitability Greater profit margin Availability of product Very Good 52 109 39 24 Good 79 35 71 43 Average 18 4 28 58 Poor 0 0 11 21 Very Poor 0 0 0 3 Total 150 150 150 150
8.1) Customer Acceptance: Response (Fi) Wi Fi Wi 58 4 232 86 3 258 5 2 10 0 1 0 0 0 0 Total = 150 500 WAM
3.33% 0% 0%
Interpretation: - From this diagram researcher may interpret about reason for selling
companys product by customer acceptance is that 38.67% retailers strongly agree; 57.33% are agree; 3.33% are neutral.
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8.2) Increased profitability: Response (Fi) 79 42 26 2 1 Total = 150 WAM Wi 4 3 2 1 0 Fi Wi 316 126 52 2 0 496
1.33%
0.67%
17.33% Very Good Good Average 52.67% 28% Poor Very Poor
Interpretation: - From this diagram researcher may interpret about reason for selling
companys product by customer acceptance is that 38.67% retailers strongly agree; 57.33% are agree; 3.33% are neutral.
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8.3) Greater profit margin: Response (Fi) 49 50 35 9 7 Total = 150 WAM Wi 4 3 2 1 0 Fi Wi 196 150 70 9 0 425
4.67% 6% 32.67% 23.33% Very Good Good Average Poor Very Poor 33.33%
Interpretation: - From this diagram researcher may interpret about reason for selling
companys product by greater profit margin is that 33.67% retailers strongly agree; 33.33% are agree; 23.33% are neutral; 6% are not agree and 4.67% are strongly not agree.
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8.4) Availability of product: Response (Fi) 30 34 34 47 5 Total = 150 WAM Wi 4 3 2 1 0 Fi Wi 120 102 68 47 0 337
3.33% 20% Very Good 31.33% Good Average 22.67% Poor Very Poor 22.67%
Interpretation: - From this diagram researcher may interpret about reason for selling
companys product by availability of product is that 20% retailers strongly agree; 22.67% are agree; 22.67% are neutral; 31.33% are not agree and 3.3% are strongly not agree.
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9) What is the mode of payment? Option Cash Credit Total Responses 97 53 150
Interpretation: - From this diagram researcher may interpret about mode of payment that
64.67% retailers paid in cash and 35.33% are given credit for month.
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10)
Interpretation: - From this diagram researcher may interpret that 67% retailer agree with that
LED is more power saver.
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11)
34%
40%
18.67% 7.33%
Interpretation: - From this diagram researcher may interpret that 40% retailers said that CFL
has high sales; 7.33% are said that tube-light has high sales ; 18.67% are said that bulb has high sales and 34% are said that LED has high sales.
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12)
What is customers first preference when they ask for CFL? Responses 47 23 61 19 150
Interpretation: - From this diagram researcher may interpret that 31.33% customers gives first
preference to price of CFL; 15.33% to quality of CFL; 40.67% to durability and 13.67% to look.
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13)
Option Ajanta Philips Orpat Surya SPL Hevels Khehtan Vipro Dharti Total
4% 4.67%
14.67%
Interpretation: - From this diagram researcher interpret that 36.67% customers give priority to
Ajanta when they buy; 15.33% to Philips; 9.33% to Orpat; 12% to Surya; 14.67% to SPL; 4.67 to Hevels; 4% to Khehtan; 3.33% to Vipro.
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5.2 CONCLUSION
Retailers attitude toward Ajantas CFL in Surat city is not so much good because supply of stock; payment method and availability of CFL product is not good. CFL position in Surat city is good because price & durability is high. Customers view about CFL is better than tube light & normal bulb because price, quality, durability is high. CFL has better view than LED because price of CFL is less. Ajantas CFL market in Surat is higher than other.
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CHAPTER 5 SUGGESTION
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CHAPTER 6 SUGGESTION
The companys main retailer chain member is electronics shops rather than super store and mega shop. So company has to more concentrate to the electronics shop. The retailers influence to the price to sale the Ajantas product. So, company has to more concentrate to the price offer to the retailers. Retailer reason to selling the product is increase profitability. So company gives more profitable price, offer to the retailer. From the research, we can conclude that companys 64.67% transaction is done on cash so company gives credit to retailer for increase sales. As per the research the companys all retailers are not satisfied with the incentive plan of the company. The customer gives first preference to the price, quality and durability when they ask for the CFL then look, brand image. So company try to give more concentrate on the price, quality and durability and try to cutting the cost and make a price law to attract more and more customer. Company tries to develop better brand image for more sales.
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BIBLIOGRAPHY
Books:
Name Marketing Research: Research Design Business Research Method Statistical Methods Author G.C. Beri Edition Publication Tata McGraw-Hill Tata McGraw-Hill Chapter 4 Research Process Page No. 47
Websites:
o www.en.wikipedia.org o www.oreva.com o www.scribd.com o www.slideshare.net o www.sebi.gov.in/dp/ajantadraft.pdf
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ANNEXURE
QUESTIONNAIRE
I, Prakash Lakhani, student of SPB College of Management (BBA), Surat, is conducting a survey A Study on Retailers attitude towards CFL of Ajanta Quartz with reference to Surat City. I will be thankful, if you give proper response to the questions. The information you share with me is only used for academic purpose. Your personal details will be kept secret.
Thank you for spending your valuable time. Prakash Lakhani
1) 2)
Name:________________________________________________________ Age : Below 25 years 35-45 years 25-35 years Above 45 years
3)
4)
5)
Since, how long you are in this business? Less than 5 years 11 15 years 6 10 years More than 15 years
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6)
Rate the features which influence you to keep this product? Very Good Good Average Poor Very Poor
Quality
Price
Durability Brand Image 7) How much quantity of CFL you sell per month? 200 400 Unit 600 800 Unit 8) 400 600 Unit More than 800 Units
How often you are getting the supply of product? Daily Once in 15 Days Once in a week Once in a Month
9)
Rate the following reason for selling Ajantas CFL. Very Good Good Average Poor Very Poor
Customer Acceptance Increased profitability Greater profit margin Availability of product 10) What is the mode of payment? Cash Credit
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11)
12)
________________________________________________________________ 13) What is more power saver? CFL Bulb 14) Which product has high sales? CFL Bulb 15) Tube light LED Tube light LED
What is customers first preference when they ask for CFL? Price Durability Quality Look
16)
Customers give priority for which companys CFL? Ajanta Surya Khehtan Philips SPL Vipro Orpat Hevels Dharti
17)
________________________________________________________________________
__________THANK YOU_________
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