Beruflich Dokumente
Kultur Dokumente
||Volume||06||Issue||02||Pages||EM-2018-100-107||2018||
Website: www.ijsrm.in ISSN (e): 2321-3418
Index Copernicus value (2015): 57.47, (2016):93.67, DOI: 10.18535/ijsrm/v6i2.em02
Abstract:
The consumer durable goods industry is operating in a highly competitive, complex and rapidly changing
business environment. Business leaders of consumer durable white goods organizations know their
importance of having ready to access timely, accurate, consistent information and data for the purpose of
establishing, nurturing and managing customer relationships across divisions. The research paper deals
with the study on purchase behavior of consumer durable goods in Tiruvarur district.
Keywords: Consumer Durable Goods, Purchase Behavior, Consumer Buying Behavior, Consumer
Durables Market, Consumers Awareness.
Introduction
India is the second largest consumer market in the
world. The Indian consumer profile has been compelled to explore every conceivable method to
developed and changed in terms of education, improve operational efficiencies, in order to achieve
income, occupation, and reference group and media substantial and profitable business growth. The
habits. There is a shift in consumer brand preference Indian consumer durables market has undergone a
for durables products for the past decade with the major transformation since the liberalization
influx of modern technology. The consumer buying process, initiated in 1991. The market size, product
preferences are rapidly changing and moving penetration, the variety and technology of products
towards high-end technology products with sold, have all experienced a quantum leap.
acculturation. Products which were once considered Improved product choice and decline in real prices,
luxury items have become a necessity because of matched by increased consumer incomes have
the changing lifestyle and rising income levels. driven the market growth rate to dizzy heights. Now
With growth in disposable incomes, the demand for brands are becoming the most valuable assets that
high-end products such as television, washing businesses can possess. The marketers are facing lot
machine, refrigerator, and air conditioners has of challenges: regarding differentiation which is
increased considerably. It is also facilitated by the valued by the customers. Brands in this context are
easy availability of finance and prevalence of new business warriors. Brands are wealth generators
nuclear families. Increasing in demand for consumer of the twenty first century. Products are not
durable in the market the fall in prices as Indian differentiated in the factories, but brands are
consumers are continue to attach a high degree of differentiated in the customers‘ mind. Brands are
importance to value for money. The consumer is capable of transforming mundane products into
brand-conscious, but not necessarily brand-loyal, objects of desire. Accordingly, the market value of a
and might even pick up a reliable private label if it business is determined by the number and types of
offers good price and quality values. brands it holds. Today in a competitive market, the
Consumer durable penetration is one of the lowest question is about the survival of the company in the
in India and the untapped potential is evidently market. The answer is survival of companies by
enormous. Both manufacturers and traders would be branding. The proper strategy of branding planning
Sampling Design
The researcher was taken by convenience sampling
method. This research based on empirical Source: Primary Data
investigation. The study area has spreads over of Statistics Tools And Framework Of Analysis
Tiruvarur District, Tamil Nadu. To make the In order to consumer behavior, Percentage analysis,
samples representative, as far as possible, various Descriptive analysis, Kruskal Wallis test, t-test, Chi-
steps have been taken into consideration. 145 Square Test, Analysis of one way ANOVA,
samples have been selected areas of the Tiruvarur Regression Analysis, Factor analysis and Reliability
District. This study was selected on the basis of test were employed.
demographic; Socio - economic and cultural status
conditions. Five consumer durable products have Tabulation
been selected i.e. Air conditioners, Refrigerators,
Primary data from the respondents are presented in
Washing machines, Television and Wet grinder for
the bi-variate, univariate, one-way and Cross
this study.
tabulation is prepared which is used full of the data
analysis. Tabulation makes percentage analysis
Data Collection
easier.
This research study is primarily an empirical study
on the consumer behavior relating to selected Percentage Analysis It is very power full tool for
consumer durables. The researcher collected the data analysis and specifically to understand
information through primary and secondary data, market share of various companies and average
the interview schedule has been constructed to expenses made for consumer durables and
collect data from consumers of Tiruvarur District other aspects can be measured with this tool.
towards information related to consumer durable Percentage analysis can wipe out the effect of
goods, with the demographic; socio-economic and inflation in measuring consumer behavior.
cultural conditions of consumer. The secondary data
One sample T - test is applied to analyze the
has also been collected from different sources of
respondent's preferences on various elements of
journals, magazines, annual reports, internet; books
purchase decision process in respect of
related to topic, etc. the data analysis has been
durables.
conducted with the following methods.
Factor analysis by principle component method
Sample Selection is applied to analyse the various elements of
The researcher was adopted convenience sampling purchase decision process in respect of
method. The respondents chosen from an age group durables.
residing in Tiruvarur in age group of 20 - 65 Years One-way analysis of variance (ANOVA) is used
including the different strata of consumer durable to identify the significant differences among the
goods. 200 interview schedules were conducted to various elements of buying behaviour with
the respondents spread over in Tiruvarur district. regard to durables.
Among them 166 interview schedule were Paired sample t- test is used to find the mean
collected. In which 21 interview schedule were values of various elements of buying behavior
found unusable. Hence, the accurate sample of the of consumers in respect of durables.
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