Beruflich Dokumente
Kultur Dokumente
REPORT ON
HOW ADVERTISING AND SALES PROMOTION TECHNIQUES AFFECT TO THE
CUSTOMERS
AT
I, Vivek Prajapati, hereby declare that the report for Summer Internship
Project entitled “HOW ADVERTISING AND SALES PROMOTION TECHNIQUES AFFECT
TO THE CUSTOMER in Vadodara City(Inorbit Mall)” is a result of my own work and
my indebtedness to other work publications, references, if any, have been duly
acknowledged.
Place: Vadodara
Date: 11 July 2019 (Vivek Prajapati)
3
PREFACE
Firstly, Macro analysis of Retail industry has been analysed with help of
Global level, national level, state level, PESTEL analysis. Secondly, micro analysis
related to company, its organizational structure has been done. Detail literature
review has been done to know the how advertising and sales promotion techniques
affect to the customers at Big Bazaar.
4
ACKNOWLEDGEMENT
I am highly obliged to the staff members of BB, for the valuable information
provided by them pertaining to their respective fields. I am also grateful for their
cooperation during the period of my internship.
Lastly, I would like to thank the almighty and my parents for their moral support
and my friends with whom I shared my day-to-day experience and received lots of
suggestions that improved my quality of work.
5
EXECUTIVE SUMMARY
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TABLE OF CONTENTS
Company’s Certificate
Declaration
Preface
Acknowledgement
Executive Summary
Page
Sr. No. Particulars
No.
1. Industry Profile 8
2. Company Profile 20
3. Competitors analysis 29
4. Promotional offer 34
4. Review of Literature 42
5. Research Methodology 50
a. Problem Statement
b. Research Objective
c. Research Design
i. Type of Design
ii. Sampling
8. Conclusions 68
9. Bibliography 69
10 Questionnaire 70
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CHAPTER 1
INDUSTRY PROFILE
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WHAT IS ‘RETAIL’?
The word retail is, in fact, derived from the French word RETAILER, which means to cut
off a piece or break bulk. A retailer may be defined as a ‘dealer or trader who sells goods in
small quantities’ or’ one who repeats or relates’. Retailing can hence, be considered as the last
stage in the movement of goods and or services to the consumers. But simply, any firm that
sells products to the final consumer is performing the function of retailing. It thus consists of
all the activities involved in the marketing of goods and services directly to the consumers, for
their personal, family or household use.
The past century has been witness to many changes occurring in everyday world.
Industrial and technological growth has made a significant impact on lives of consumers. One
such industry, which has made a phenomenal impact on consumer daily lives, is retail. This
industry touches their lives as end consumers, by providing them with the products or services
that they need.
Almost everything that consumer use in their daily lives including the feed they eat,
the clothes they wear, and the things they need for their homes or for themselves, are bought
from retail stores. Goods are manufactured all over the world but are ultimately sold to them
through these retail stores.
India has already proven its mettle as superpower in the area of information
technology. The retail industry offers to bloom to the same level if conductive environment
and support is provided it. India’s one billion populations make the country the second largest
in the world in terms of population which is the very basis for successful organized retailing.
From the fact that most of the world’s successful retail stories in the developed as well
as developing countries have shaped up in small towns and villages.
Retailing is a green pasture not just for individuals or companies but also comes with
job opportunities in all aspects of the operations. Professionalisms in retail while still in its
infancy does show some promising future for those keen to make a career in this fascinating
world.
Retailing is the final step in the distribution of merchandise - the last link in the Supply
Chain - connection the bulk producers of commodities to the final consumers. Retailing covers
diverse products such as foot apparels, consumer goods, financial services and leisure.
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A retailer, typically, is someone who does not affect any significant change in the
product execs breaking the bulk. He/ She is also the final stock point who makes products or
services available to the consumer whenever require. Hence, the value propositions a retailer
offers to a consumer is easy availabilities of the desired product in the desired sizes at the
In the developed countries, the retail industry has developed into a full-fledged
industry where more than three-fourths of the total retail trade is done by the organized
sector. Huge retail chains like Wal-Mart, Car four Group, Sears, K-Mart, McDonalds, etc. have
now replaced the individual small stores. Large retail formats, with high quality ambiance and
courteous, and well-trained sales staff are regular features of these retailers.
Carrefour Group
2 8130 $61,047
(France)
Royal A hold
5 7150 $45,729
(Netherlands)
For Indian retailing, things started to change slowly in the 1980s, when India first began
opening its economy. Textiles sector (which companies like Bombay Dyeing, Raymond's, S
Kumar's and Grasim) was the first to see the emergence of retail chains. Later on, Titan, maker
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of premium watches, successfully created an organized retailing concept in India by
establishing a series of elegant showrooms.
For long, these remained the only organized retailers, but the latter half of the 1990s
saw a fresh wave of entrants in the retailing business. This time around it was not the
manufacturer looking for an alternative sales channel. These were pure retailers with no
serious plans of getting into manufacturing. These entrants were in various fields, like - Food
World, Subhiksha and Nilgiris in food and FMCG; Planet M and Music World in music,
crossword and Fountainhead in books.
As of the year ending 2000 the size of the Indian organized retail industry was
estimated at around Rs. 13,000 Crore. The various segments that make up the organized retail
industry along with their size, Retail growth is already gathering momentum and the organized
retail industry is expected to grow by 30 per cent in the next five years and is expected to
touch Rs. 1,00,000 Crore in 2016. Thus, the growth potential for the organized retailer is
enormous.
Retailing in India
The Indian Retail Industry is the largest among all the industries, accounting for over
10 percent of the country’s GDP and around 8 percent of the employment. The Retail Industry
in India has come forth as one of the most dynamic and fast paced industries with several
players entering the market.
Retailing in India is gradually inching its way toward becoming the next boom industry.
The Indian Retailing Sector is at an inflexion point where the growth of organized retailing
growth in the consumption by the Indian population is going to take a higher growth
trajectory. The Indian population is witnessing a significant change in its demographics.
Retail and real estate are the two booming sectors of India in the present times. And if
Industry experts are to be believed, the prospects of both the sectors are mutually dependent
on each other. Retail, one of India’s largest industries, has presently emerged as one of the
most dynamic and fast paced industries of our times with several players entering the market
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developing the infrastructure and construction of the retailing business. The trends that are
driving the growth of the retail sector in India are:
Retailing is the most active and attractive sector of last decade. While the retailing industry
itself has been present since ages in our country, it is only the resent past that it has witnessed so
much dynamism. The emergence of retailing in India has more to do with the increased purchasing
power of buyers, especially post liberalization, increase in product variety, and increase in economies
of scale, with the aid of modern supply and distribution solution.
Indian retailing today is at an interesting crossroads. The retail sales are at the highest point
in history and new technologies are improving retail productivity. Though there are many
opportunities to start a new retail business, retailers are facing numerous challenges.
Hyper marts/supermarkets
Large self-servicing outlet offering products from a variety of categories.
Mom-and-pop stores
They are family owned business catering to small sections; they are individually
handled retail outlets and have a personal touch.
Departmental stores
general retail merchandise offering quality product and services
Convenience store
Are located in residential areas with slightly higher prices goods due to convenience
offered.
Shopping Malls
The biggest form of retail in India, malls offer customer a mix of all type of product and
services including entertainment and food under a single roof.
E-Retailers
Are retailers providing online buying and selling of product and services.
Discount Stores
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They are factory outlets that give discount on the MRP.
Vending
It is the relatively new entry, in the retail sector. Here beverages, snacks and other
small items can be bought via vending machine.
Categories Killers
Small specialty stores offer that a variety of categories. They are known as category
killer as they focus on specific categories, such as electronics and sporting goods. This
is also known as Multi Brand Outlet or MBO’s
Specialty stores
Are retail chains dealing in specific categories are provide deep assortment. Mumbai’s
Crossword Book Store and RPG’s Music World is a couple of example.
Classifying Indian Retailers
3. Hypermarket
Big Bazaar
Giants
Shoprite
4. Department
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Pantaloons
Pyramids
Shoppers Stop
Trent
5. Entertainment
Fun Republic
Inox
PVR
The industry is facing a reduction in footfalls by 40 per cent and sales by 30 per cent.
Many retailers outsource their products, especially garments where the order books have
been down.
Also, the footfalls have fallen drastically in Gujarat, especially in Ahmedabad. This has
resulted in a reduction in sales by 30 per cent. Last year, the denim major launched its retail
brand 'Dextase' which is witnessing a decline in footfalls as of now.
However, some are witnessing a steady growth in retail markets of Gujarat. Gujarat
has been a steady market, neither going up nor moving downwards. In fact, apart from the
one store in Ahmedabad which was converted into a Brand Factory outlet, all existing stores
in Gujarat are doing reasonably well, even during recession.
Talking about the current trend in the retail market, the most categories have started
showing strong trends now. Among them are fashion and merchandise as against food, which
had been strong throughout. As for categories like mobiles and furniture, there is a still a lull
but their markets have also started showing an upward trend. As for recruitments, they
happen as and when new stores open.
Experts opine that the while on one hand some retailers are facing a tough time in
Gujarat, there have been others who are still on a hiring spree. The retail scenario has been
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bidding this season since the number of stores have not gone up. Several retailers have
shelved lot of their plans as well. Yet, there have been others who have been hiring for the
front end which is a good sign. This is a short term correction which was anyways expected in
the retail sector. While there has been a decline in growth by 30 per cent in the industry in
Gujarat, it will take a few months before the scenario begins to change.
1. Political Factors
2. Economic Factors
3. Social (Socio-Cultural) Factors
4. Technological Factors
5. Environmental Factors
6. Legal Factors
1. Political Factor
With the opening up of the economy, more and more MNC's have pervaded the Indian
Business arena, through joint ventures, franchisees or even self-owned stores. The very first
MNC getting into the business was Spencer’s Government uses regulation to prevent
development of monopolies, which results in restricted competition and fixed prices (MRTPC).
Government also propounds price competition laws and unfair trade practice laws. Retailers
must understand what rights they have in pricing merchandise, what provision they should
make for customer relations, what rights and responsibilities they possess when making a sale,
what rights their employees have and what liabilities they may face while selling products to
the consumers.
2. Economic Factor
The type of economic system (capitalism or socialism etc.) existing in a country has a direct
bearing on the potential for and the development of the retailing industry in that country. A
retailer cannot escape the effects of the factors in the macroeconomic environment, be it
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domestic or global that influences the Local Market. Inflation, unemployment, interest rates,
tax levels, the GDP and the rate of real growth in GDP (Inflation adjusted) are some aspects of
the economy which a retailer must cope with. Real growth makes more income available to
people who then tend to spend more, leading to higher sales and more profits for the retailers.
However, growth also leads to higher competition in the long run. With the increase in
Purchasing Power Parity (PPP) and the disposable income of the Indian consumer, retailing is
catching up at a very fast space in the country.
3. Social Factor
The demographic trend and lifestyle patterns, of the society that a retailer intends to serve,
decide the retailer’s strategy. Traditionally, children seldom accompanied their parents while
grocery food shopping. Shopping for children was confined to that during festivals when
dresses were brought for them. But, in the present day, due to scarcity of time, working
parents prefer to spend as much time as possible with their children and this includes their
shopping hours also.
4. Technological Factor
Technology is probably the most dynamic change agent for the retailing industry. The
computerization of the various operations in a retail store, including inventory management,
billing and payments as well as database (of customers) management, widespread use of bar
coding, point-of-sale terminals and Management Information System has changed the face of
retailing drastically. Apart from providing the retailers with better and timelier information
about their operations, the technology also does the job of preventing theft, promoting the
store's goods and creating a better shopping atmosphere. These can be done with the help of
closed circuit televisions, video walls, in-store video networks, kiosks and other forms of
interactive applications ranging from CD-ROMs to virtual reality to let customers select and
buy products.
They make the customer's life a lot easier by facilitating the use of developments like credit
cards. Toll free 1800 1027382 numbers have brought about a revolution in consumer's
ordering and feedback mechanisms. Emerging technologies will also facilitate just-in-time
management of certain products within the store. These trends are already visible in the music
and greeting card industries.
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5. Environmental Factors
The retailers also use different forms of energy and they also become conscious about the
environmental changes. The products provided in the retail shops are mostly grown or prepared in this
environment and they are also affected with the changing trend of environment so they can affect the
health. Government imposes Ban on use of various sprays and gases over the food products, which are
sold in these retail stores. The use of some chemicals can cause eruption of various diseases. The retail
business should follow the environmental Laws and regulations, which are made to protect the lives
of the people and ensure the rights of consumer and employees.
6. Legal Factor
Despite the size and the phenomenal potential that exists, retailing is among the lesser-
evolved sectors of the Indian Industry. Retailing as an industry is yet to be recognized in India.
The policy environment is currently seen to be unfavourable to organized retailing.
A strong FDI presence in retail sector is expected to not only boost the retail scenario, but
also act as a driving force in attracting FDI in upstream activities as well. This will be more
prominent in food processing and packaging industries because many large retail chains also
promote their own brands by way of backward integration/contract manufacturing. The status
of organized retailing in some South East Asian countries that allowed FDI in retailing.
High population density in the Metropolitan cities and surrounding tier I towns is
driving the geographic penetration of modern retail. Retail firms are adopting a combination
of formats: -
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Medium - (dept. and / or speciality)
Pantaloons
Pantaloons is one of the biggest retailers in India with more than 450 stores across the country.
Headquartered in Mumbai, it has more than 5 million sq. ft. retail space located across the
country. It's growing at an enviable pace and is expected to reach 30 million sq. ft. by the year
2010.
Tata Group
Tata group is another major player in Indian retail industry with its subsidiary Trent,
which operates Westside and Star India Bazaar. Established in 1998, it also acquired
the largest book and music retailer in India ‘Landmark’ in 2005. Trent owns over 4 lake sq.
ft. retail space across the country.
RPG Group
RPG Group is one of the earlier entrants in the Indian retail market, when it came
into food & grocery retailing in 1996 with its retail Food world stores. Later it also opened the
pharmacy and beauty care outlets ‘Health &Glow’.
Reliance
Reliance is one of the biggest players in Indian retail industry. More than 300 Reliance
Fresh stores and Reliance Mart are quite popular in the Indian retail market. It’s expecting its
sales to reach Rs. 1, 50,000 crores by 2020.
AV Birla Group
AV Birla Group has a strong presence in Indian apparel retailing. The brands like Louis
Philippe, Allen Solly, Van Heusen, Peter England are quite popular. It's also investing in other
segments of retail. It will invest Rs. 8000-9000 crores by 2016.
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Another big player in the segment will be the Bharti group. Overhauling this part of the
supply chain will be the key to the success of any retail venture in food and groceries segment.
Wal-Mart, the world’s largest retailer, and Bharti Enterprises have signed a
Key Challenges
1. Location
2. Merchandise
3. Pricing
4. Target Audience
5. Scale of Operation
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CHAPTER 2
COMPANY PROFILE
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Type Private
Industry Retail
Founded 2001
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Big Bazaar is a household name that is used synonymously with ‘retail’ in
India. We represent the requirements of a typical Indian home. Founded in 2001
by Kishore Biyani, we as a retail chain operate under the parent organisation –
Future Group – that holds a significant prominence in the Indian retail and fashion
sectors.
Big Bazaar is one of the oldest hypermarket chains that houses around 250+ stores
in the country. We cover three essential categories in Indian retail: home, food, and
fashion. Popular retail chains – like the Food Bazaar and fbb form an integral part
of Big Bazaar’s identity. The latter (i.e. fbb) has exponentially grown into a major
brand that epitomizes fashion in India.
Big Bazaar is not just another hypermarket; it caters to every need of your family.
Where Big Bazaar scores over other stores is its value for money proposition for
Indian customers. We guarantee the best products at the best prices. With the
ever-increasing array of in-house brands, we have opened doors in the world of
fashion and general merchandise, including home furnishings, utensils, crockery,
cutlery, sports goods and much more at prices that will surprise you. And this is just
the beginning.
22
Home Brands of Future Group at Big Bazaar:
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Future Group India was established in 1994 with a vision to provide diverse services
in Indian and Global markets. The business areas of Future Group cover BPO
(Business Process Outsourcing), New Media, Security Management, and
Construction. Through their strategic investment and services, the future of Future
Group shows a rising star in the business sky of India.
Rewrite Rules, Retain Values – this simple idea has been at the core of business
since the inception of Future Group. Today, a wide portfolio of brands in food,
FMCG and fashion, complement the country’s pioneering modern retail networks.
More than 600 million customer visits are recorded across the 2,000 Future Group
retail stores, covering over 24 million square feet of space in over 400 cities and
towns. Millions more interact with group’s brands and businesses through
ecommerce sites, social media and mobile apps like FuturePay and EasyDay Club.
Future Group’s food value chain operates with its nation-wide network,
reaching the smallest towns and cities with its sourcing and manufacturing units,
and integrated distribution systems. Tasty Treat, Golden Harvest, Karmiq, Kara,
Sunkist, ThinkSkin, Mother Earth, Kosh, Nilgiris are among the leading brands from
the Future Group.
In fashion, our manufacturing facilities produce garments designed and sourced by
a talented team of trend-spotters, designers and merchandizers. Brands like Lee
Cooper, John Miller, CoverStory, Indigo Nation, Scullers, Knighthood, DJ&C, Bare,
UMM, and Ancestry are some of our key brands.
The flagship retail brand Big Bazaar is ranked among the most valuable Indian
brands (Interbrand), and among the most trusted brands (Nielsen). Leading
department store network, Central, smart prices retailer, Brand Factory, and
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popular fashion destination FBB are also a part of the group, along with a growing
chain of small neighbourhood stores, EasyDay and Heritage Fresh, and convenience
stores WH Smith and 7-Eleven.
Converge
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Store Hierarchy
SM
Line of Business
Store
House
Toys keeping
people
Utensils office
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SWOT ANALYSIS
SWOT Analysis
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MARKET POSITION
Big Bazaar is holding a strong position in the market and is growing very
fast. It captures the maximum Indian market and with a strong financial
background and it has to go a long way through.
The low price strategy it is successfully running its business all over India
and is still growing bigger and bigger. It is said that "Cheap prices are a luxury for
the rich but a necessity or a need for the poor."
So Big bazaar has understood the need of a vast population of the upper
middle class and middle class people of the country and in fact no matter how rich
a person is wherever he/she can get good brands at a cheaper rate they will be
attracted towards it whether an average or a rich person.
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CHAPTER 3
COMPETITORS ANALYSIS
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COMPETITORS OF BIG BAZAAR
D-Mart is biggest competitors of the Big Bazaar in the retail market, while Big
Bazaar is to for to the middle class the upper middle class people and for upper
class, while the D-Mart is segmented the customer in lower class, middle class and
fer upper middle and upper level customers D-Mart marketing Strategy for making
profit is totally different in consumer market. Mart was conceived by value investor
Mr. Radhakishan Damani in the year 2000, operating a single store in Maharasthra.
With a mission to be the lowest priced retailer in its area of operation, DMart has
grown steadily over the years and operates 155 stores in 11 States and 1 Union
Territory of India. The Company has delivered stable performance across
stakeholder metrics by focusing on financial fundamentals, high levels of patience
and strong conviction.D-mart has 155 store in across India and addition of more 24
store. This year its revenue from operation is 15,009 cr and EBITDA 1,337 and profit
after tax is 785 crore.
Analysis:
Positive points:
D-mart has signage for Indication for all department so they don’t require
staff for each department.
There are large amount of product under lower price.
There are lower price range cloths without brand.
It has huge range of staple product compare to big bazaar.
They have 25+ billing counters.
There is exit gates after billing counter so threat of product stolen will be
decreased.
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They have home brand in gifts, staples, dry fruits, kitchen ware etc.
They will give flat discount up to 50%.
They have more impulse Counter.
Negative Points:
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Spencer's Retail is a chain of retail stores headquartered in Kolkata, West
Bengal having presence in over 35 cities in India. Spencer's is based on the 'Food
First' Format (it mainly offers fresh and packaged food). Many outlets though sport
multiple formats for retailing food, apparel, fashion, electronics, lifestyle products,
music and books. It is owned by RP-Sanjiv Goenka Group.
Spencer's boasts of a wide range of private brand products that encompasses both
foods as well as non-foods FMCG category. 'Spencer's Smart Choice' is the leading
instore brand which has a plethora of products ranging from juices, noodles,
cookies, honey, air freshners etc. Spencer's also has the 'Clean Home' range of
home improvement products and 'Tasty Wonders' range of snacks and impulse
food range. Apart from this Spencer's has very successfully launched its general
merchandize products under the brand name of MAROON which includes Non
Stick, Hard Anodized, Home Plastic and Foils.
Analysis:
Positive points:
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Negative points:
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CHAPTER 4
PROMOTIONAL OFFERS
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PROMOTIONAL OFFERS
Promotion is an important marketing force that provides extra incentives to
achieve sales. Promotion is an important marketing tool as compared to
advertisements and sales force. Promotion is both short term and long term
activities carried.
ROLE OF PROMOTION
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1. Price promotions
Price promotions are also commonly known as" price discounting". These
can be done in two ways:
2. Coupons
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purchased. It works best for
- Subscription-based products (e.g. magazines)
- Consumer luxuries (e.g. perfumes)
5. Money refunds
Here, a customer receives a money refund after submitting a proof of
purchase to the manufacturer.
Customers often view these schemes with some suspicion – particularly if
the method of obtaining a refund looks unusual or onerous.
7. Point-of-sale displays
shopping habits are changing for the people living in metropolitan cities.
People prefer big retail outlets like Big Bazaar to local kirana stores. Most of
the decisions of buying are taken by the virtue of point-of-sale displays in these
retail outlets.
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BTL PROMOTION ACTIVITIES OF BIG BAZAAR
BTL promotions are gaining popularity among all big companies nowadays
considering their effectiveness because of the "individual customer
promotion" at a price, which is much lesser than the normal media promotions.
• Low prices on Wednesday Low prices on Wednesday
• Concept of Big Day
• Promotional offers
- School Jao Khushi Khushi
- Khushi Ki Barsaat
- Happy Father’s Day
- PKDMD
- Young Elders day
- Hafte ka sabse sasta din
Wednesday Bazaar
The concept of Wednesday Bazaar was promoted as ‘Hafte Ka Sabse Sasta Din’
(Cheapest Day of the Week). Initiated in January 2007, the idea behind this
scheme was to draw customers to stores on Wednesdays, the day when
consumer presence is usually less. According to the chain, the aim of the concept
was ‘to give homemakers the power to save the most’.
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Sab se Sasta Din
Big Bazaar introduced ‘Sab se Sasta Din’ (Cheapest Day) with the intention of
attaining a sales figure of Rs 26 crore in a single day. The concept became such a
hit that the time period for the offer had to be increased from one day to three
days in 2009 (January 24 to 26) and to five days in 2011 (January 22 to 26).
Maha Bachat
The concept of ‘Maha Bachat’ (Mega Saving) was introduced in the year 2006 as
a single day campaign with attractive promotional offers across the company
outlets. Over the years, the concept has grown to become a six-day biannual
campaign. During this campaign, attractive offers are given in all the value
formats including Big Bazaar, Food Bazaar, Electronic Bazaar and Furniture
Bazaar.
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The Great Exchange Offer
Introduced on February 12, 2009, ‘The Great Exchange Offer’ allows customers
to exchange their old goods for Big Bazaar coupons. The coupons can be
redeemed later for buying brand new goods from Big Bazaar outlets across the
nation.
Loyalty Programs:
1. Payback
10,000 profit club card in this we get 12000 on 10,000 and monthly shopping of
1000. It is valid for 18 months. If in any case, we can’t do shopping in any month
then the money will be transfer in other month.
3. Gift Voucher
Gift voucher is a gift or present that is exchangeable for goods in our shops.
Gift vouchers are more personal than simply giving cash or other monetary
bonus.
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General terms & Regulations for gift vouchers
The printing right of gift vouchers lie with future E- commerce
Infrastructure.
G.V is available in convenient denominations of Rs.50, 100, 250, 500
&1000.
G.V is valid for a period of 6 months from the date of issue.
This is new scheme which start in 2015. In this scheme SBI –FBB credit card is
issued to the customer. By that they get flat 10 % discount on the FBB shopping
on each n every clothes of FBB. This card is valid in all FBB stores all over India.
2. If not, then customer required their identification proof and more than
5000 Rs. Loan and their monthly income should be more than Rs. 10000.
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CHAPTER 4
LITERATURE REVIEW
42
Martineau (1958) consider that the store “personality” as “the way in which the
store is defined in the shopper’s mind partly by the functional qualities and partly
by an aura of psychological attributes”. Lindquist (1974) distinguishes between
“functional qualities” and “psychological attributes” which included both
physical (factual, 6 functional, and tangible) and psychological dimensions,
(formed as a result of the experience consumers have when exposed to a store).
However, owing to the interpretative nature of image, this distinction is often
seen as artificial and misleading.
Dupuis and Prime (1996) introduce the idea of business distance, as the gap
between host and home environments in four areas: consumer behaviour; outlet
or store format; networks; and environment. They argue that any retail format
has a grounded history, built up over years of operation in the home
environment, and thus the “fit” within the host environment needs to be fully
understood. Without this understanding, “the decision to export a retail format
to another cultural environment may drastically modify its initial competitive
advantage”. Illustrations of the problems of “fit” are provided by authors such as
Tudjman (1988), Shackleton (1996), and O’Grady and Lane (1997) who discuss
how French, British and Canadian retailers have found cultural and business
behaviour differences when operating in the American market.
Mary Zimmer (1988) considers that The image of a store consists of the way it is
perceived by consumers. An individual’s view is important to the retail manager
because it can ultimately influence patronage behaviour; yet, identifying a
store’s particular image can be problematic. The difficulties are of two types;
conceptualization and measurement. Conceptualization describes what the
image is or what the components of image are; measurement is the way the
consumer’s perception is elicited.
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recognized as a complex construct open to various interpretations. Image can be
conceptualized from both a production and consumption perspective, but in
both cases it is based on the premise that markets and consumer actions operate
on impressions and perceptions of “reality”. These in turn are derived from
personal experiences and reference points, and are encapsulated in the
meanings that consumers attach to various relationships with a brand. Image is
invariably a subjective, personal, and consumer-centric concept. The symbolic,
experiential, dimensions of brand image lead to questions as to how consumers
“see” or
“visualize” a brand, i.e. how they “picture” the brand.
Porter and Clay comb (1997) consider that the customers associate their
feelings, thoughts, and impressions with the stores, and these factors affect their
patronage and purchase behaviour. This premise is line with that of Sternest al.
(2001), who asserted that the purchase choices of customers are influenced by
the store image. Kim and Jinn (2001) reported that the repurchase intention and
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the satisfaction derived from shopping at a store are induced during the initial
purchasing stage in which the customers associate their emotions with the store
image. Hence, the perception of customers regarding a store is developed by the
store image, and this perception is signified by them repurchase intention and
satisfaction levels. Several scholars (i.e., Kim & Han, 2000; Birtwistle &
Shearer,2001) studied the concept of store image and suggested various store
attributes that contribute to the overall perception of the store. However,
consensus is lacking with regard to the attributes that increase customer
satisfaction based on store image. Hence, this issue of store image should be
further investigated. Retailers and store owners should identify the effective
attributes for enhancing the image of their stores.
Hedrick et al (2005) consider that the store environment and store atmospherics
can influence customer’s expectations on the retail salesperson. They conducted
a study on sales people and store atmosphere, and identified that customer’ s
perceptions of a salesperson’ s attributes and relationship building behaviours’
were important drivers of customer satisfaction. In retail, intentions are usually
determined by a willingness to stay in the store, willingness to repurchase,
willingness to purchase more in the future and willingness to recommend the
store to others.
De Pelsmacker and Janssen (2007) consider that the consumer perceptions
influence consumer behaviour. As previous research shows, especially in
developed countries, consumers pay special attention to the environmental
behaviour of companies (Wagner et al., 2009). For this reason, marketing
programmes are launched by retailers to make the consumer aware of the
sustainable products available at their market places. Information about
sustainable product offers is essential as it influences the consumer’s attitude
towards retail stores (e.g. Lichtenstein et al., 2004) and towards his purchase
behaviours (e.g. Mohr and Webb, 2005). Still, it is important to spread positive
information about sustainability as Sen and Bhattacharya (2001) found out that
negative information about Corporate Social Responsibility has stronger effects
on the consumer than positive information.
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Nevertheless, the consumer’s perception is not only influenced by the
information distributed through the retailer but also by the motivations driving
his consumption (Ellen et al., 2000).
Agarwal and Teas (2001), said that when exposed to extrinsic product cues,
consumers do not just make judgements about product quality and sacrifice,
they also make judgements about uncertainties that may pose potential long-
term losses. Therefore, we extend the basic conceptualization of brand name to
include the dimensions of perceived risk and argue that by relying on a good and
credible brand name as cue, consumers get certain assurances against the
various types of risks involved in choice decisions which in turn effect perception
about quality. Possibly, lowered risk perception brought about by good and
credible brand name effect value perception through higher quality perceptions
(Aghekyan-Simonian, Forsythe, Kwon, & Catamaran, 2012).
Purohit and Srivastava (2001) consider the results of past researches as
equivocal for the reason that consumers seldom assess these cues in isolation.
Rao and Monroe (1989) also suggest that there is a need to investigate the
interactive effect of various marketing cues on consumers’ value perceptions. In
this study, through the testing of a conceptualized model, we try to understand
the way the price and brand name together influence value perceptions, that is,
whether Indian consumers impute a higher value, assigning better evaluations,
when brand name works as a stimulus along with price information provided for
their cognitive decision processes.
Michael R Solomon (2009) said that today, the evolution of a new managerial
class of women has forced marketers to change their traditional assumptions
about women as they target this growing market. Female influence is found to
be strongest for decisions involving the matching of colours and the mixing
/matching of separates.
Parasuraman, Zeithaml and Berry (1988) developed a survey instrument
SERVQUAL to measure the customer’s perception of service quality against
parameters such as Tangibles, Reliability, Assurance, Empathy and
Responsiveness. However, Cronin, J Joseph; Taylor, Steven A (1994) argued that,
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SERVPERF scale which provides performance based measurements can provide
a longitudinal index of service quality perceptions to the service managers and
the summed overall service quality obtained can be plotted relative to time and
specific consumer subgroups.
Fox all & Goldsmith (1994) consider that the effective management of marketing
activities of an organization rest on the following two fundaments: First,
consumers act on their perceptions which basically come from the information
that they receive. Second, mangers need to understand the nature of
perceptions of their consumers and potential consumers have of themselves,
their social world, and products available to them.
Zohre Hosseini (2014) consider that Convenience is an important factor in the
current fast-moving environment. A principal aspect of convenience is store
location and other related factors, such as parking and transportation. Retailers
should consider location because this decision cannot be undone easily.
Customers are heavily influenced by various factors, including time required to
travel to the store, transportation to arrive at the store, location of the store, and
eventually, sales in the store (Wood & Browne, 2007). Thang and Tan (2003)
reported that customers choose a store to visit based on its accessibility, ease of
transportation, and time required to go to this store. Accessibility was the second
most important factor in selecting a store; even stores on the same location were
affected by the accessibility factor.
Sheth and Mittal (2004) consider the Store image, the sum total of perceptions
customers has about a store, is determined by these merchandise, service, and
price factors; it is also determined by atmospherics, advertising, and store
personnel. However, as with the definition of store image, no consensus has
been reached on a set of universal store image dimensions.
Kaul (2005) consider that Store atmospheric attributes such as colour, lighting,
interior decoration or music form the overall context within which shoppers
make store selection and patronage decisions, and are likely to have a significant
impact on store image. Selection of a specific retail outlet involves a comparison
of the available alternative outlets on the evaluative criteria of a consumer.
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Literature suggests a range of such criteria, which makes it a challenging task
from the retailers’ point of view and makes store choice a matter of concern to
retailers.
Chowdhury (1999) consider that the customers build a perception of the store
based on their numerous visits to the store, and that the final impression is a
combination of all of the aspects of the store that have affected them. Several
researchers (i.e., Bloomer & De Ruyter, 1998; Jin & Kim, 2003) indicated that
customer views of a store image are derived from the overall outstanding
features of the store.
Piyali Ghosh (2009) said that Customer’s choice of a particular store depends on
shopping orientation as well as satisfying experience. In addition, a customer’ s
attitude towards the store may result from his / her evaluation of the perceived
importance of store attributes, moulded and remoulded by direct experiences
with the store’ s overall offerings. An attempt has been made in this study to
analyse purchase patterns of customers towards organized retail outlets in terms
of merchandise categories purchased; time spent within the store; number of
merchandise purchased on each visit; and store switching behaviour. Besides, we
have also made an effort to identify store attributes that drive store selection
process.
Subhadip Roy and Lop mudra Ghosh (March 2014) consider that The role of
store image to attract and retain customers becomes very important (Du Preez
et al., 2008). Store image has been found to influence customer satisfaction
(Hackl etal., 2000; and Theodoratos and Chatzipanagiotou, 2009). Moreover,
researchers have also suggested that store image may vary depending on the
cultural context because of the impact of national and regional culture on
consumer behaviour (Theodoratos and Chatzipanagiotou, 2009). Lastly,
researchers have also pointed out the need for a comprehensive scale to
measure store image was lacking in research (Du Preez et al., 2008). Moreover,
there are closely similar scales in the western context but there is lack of a
comprehensive scale to measure store image in a developing country context
48
such as India. The present study aims to fill in this gap by constructing and
validating a comprehensive scale to measure store image.
Johannes Stoltz (2013) said that Retailers with their own private label can build up
a sustainable competitive advantage through differentiating their offerings from
those of competitors (Groeber, 2008). A contribution of their own private label can
be demonstrated through eco-design activities such as offering products with
special consideration for the environment through responsible care during the
product’s whole lifecycle. Furthermore, environmental labels can be used to raise
the consumer’s attention. Finally, retailers can improve their environmental
performance through banning those products from the shelves with important
environmental impacts.
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CHAPTER 5
RESEARCH METHODOLOGY
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NEED OF THE STUDY
To find out the influence of Advertising and Sales promotion on the sales
of the Big Bazaar
To find the most effective tool of Sales promotion technique to entice
customers used by Retail businesses.
To study various advertising and sales promotion techniques used by Big
Bazaar.
To find out the influence of Advertising and Sales promotion on the sales
of Big Bazaar.
To find the effectiveness of the Brand recall and Recognition of Big Bazaar.
To find out the ranking of Big Bazaar with its relative competitors as per
the customers.
To find certain new techniques that Big Bazaar can adopt to improve its
services
TO study how much customers aware about Tasty Treat Product.
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Methodology adopted for study
Observation Method (Observing the working of various departments like
finance, marketing, purchasing, production.)
Meaning
Research Methodology is a set of various methods to be followed to find out
various Information’s regarding market strata of different products. Research
Methodology is required in every industry for acquiring knowledge of their
products.
Area of study
The study is exclusively done in the area of marketing. It is a process requiring care,
sophistication, experience, business judgment, and imagination for which there can
be no mechanical substitutes.
Sources of Data
Primary Source - The primary data was collected by means of a survey.
Questionnaires were prepared and customers of the big bazaar at inorbit
mall branch was approached to fill up the questionnaires. The questionnaire
contains 17 questions which reflect on the type and quality of services
provided by the Big bazaar to the customers. The response of the customer
is recorded on a grade scale of strongly disagree, disagree, uncertain, agree
and strongly agree for each question. The filled up information was later
analyzed to obtain the required interpretation and the findings.
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Secondary Source - In order to have a proper understanding of the customer
service of Big Bazaar a depth study was done from the various sources such
as books, a lot of data is also collected from the official websites of the Big
bazaar and the articles from various search engines like Google, yahoo
search.
RESEARCH DESIGN
RESEARCH SAMPLE
SAMPLING PLAN:
Since it is not possible to study whole universe, it becomes necessary to take
sample from the universe to know about its characteristics.
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Sampling Units: Customers and Empolyees of Big bazaar.
SAMPLE SIZE:
The work is a case of Big bazaar one of the Retail Sector industry together
representing great per cent of the market share of Indian retail sector. The survey
was conducted in the city of Vadodara in Inorbit Mall, big bazaar, with 300
customers as respondent.
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CHAPTER 6
DATA ANALYSIS
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DATA INTREPRETATION AND ANALYSIS
GRAPHS AND FINDINGS
56
Interpretation: Majority (56%) of the customers surveyed Quality and Services
were Outstanding at Big Bazaar.
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Interpretation: Majority (65%) of the customers surveyed Offers and Discount
were Good at Big Bazaar.
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Interpretation: Majority (77%) of the customers surveyed Ambience and
cleanliness were Good at Big Bazaar.
59
Interpretation: Majority (44.33%) of the customers surveyed Billing Counter
Experience were Good at Big Bazaar.
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Interpretation: Majority (49.17%) of the customers surveyed Tasty treat was
GOOD product at Big Bazaar.
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Interpretation: Majority (37.50%) of the customers surveyed Tasty treat was
Good product price compare to others at Big Bazaar.
Concept: How do Rank the Tasty Treat with Competitors in case of Sceme.
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Interpretation: Majority (67.63%) of the customers surveyed Display of Tasty
treat Produsct were Good at Big Bazaar.
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CHAPTER 7
FINDINGS AND SUGGETIONS
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FINDINGS
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SUGGESTIONS
The duration of the discount offers must be increased, so that more number
of customers can avail the benefit.
Most of the customers prefer clothing (50%) and groceries (32%) , the
Company has to attract the customers towards and electronic items and
Shoes.
More space should be used for promotional Activity and brand Promotions.
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There should be an indication signage for Open Billing Counter.
Billing Counter’s place must be changed for smooth customer billing and
threats of stolen products.
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CONCLUSION
Promotional offers play an important role to increase the sales in short terms
The customer buying pattern has changed with the introduction of Big
Bazaar in Belgaum
The foot fall has increased at Big Bazaar with promotional activity.
Customers are exposed to new brands and they are becoming brand savvy
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BIBLIOGRAPHY
http://www2.deloitte.com/an/en/pages/aboutdeloitte/articles/consume
rbusiness.html
https://blog.hubspot.com/service/improve-customer-perception
https://smallbusiness.chron.com/consumer-perception-theory-
40176.html
https://www.bigbazaar.com/
https://www.owler.com/company/bigbazaar
https://www.futuregroup.in/
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QUISTIONNAIRE
NAME: _ GENDER: (M) (F) AGE:
PROFESSION:
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