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2.Information search-
Internal search, memory.
External search if you need more information.
Friends and relatives (word of mouth).
Marketer dominated sources; comparison
shopping; public sources etc.
3.Evaluation of Alternatives-
Need to establish criteria for
evaluation, features the buyer wants or does not want. Rank/weight
alternatives or resume search. May decide that you want to eat
something spicy, Indian gets highest rank etc. If not satisfied with
your choices then return to the search phase. Can you think of another
restaurant? Look in the yellow pages etc. Information from different
sources may be treated differently. Marketers try to influence by
"framing" alternatives.
4.Purchase decision-
Choose buying alternative, includes
product, package, store, method of purchase etc.
5.Purchase-
May differ from decision, time lapse between 4 & 5,
product availability
6.Post-Purchase
Evaluation--outcome: Satisfaction or
Dissatisfaction. Cognitive Dissonance, have you made the right
decision. This can be reduced by warranties, after sales
communication
etc. After eating an Indian meal, may think that really you wanted a
Chinese meal instead.
Factors Effecting the Consumer Buying
Decision Process
A consumer, making a purchase decision will be affected by the
following three factors:
1.Cultural and sub culture Factor
2. Social Factor
3. Personal Factor
•
Reference Groups-
Individual identifies with the group to the extent that he takes on
many of the values, attitudes or behaviors of the group members.
Families, friends, sororities, civic and professional organizations. Any
group that has a positive or negative influence on a persons attitude
and behavior.
Membership groups (belong to) Affinity marketing is focused on the
desires of consumers that belong to reference groups. Marketers get
the groups to approve the product and communicate that approval to
its members. Credit Cards etc.!!
Aspiration groups (want to belong to) Disassociate groups (do not
want to belong to) Honda, tries to disassociate from the "biker" group.
The degree to which a reference group will affect a purchase decision
depends on an individuals susceptibility to reference group influence
and the strength of his/her involvement with the group.
Social Class
Personal Factor
Psychological factors
Motives-
Physiological
Safety
Love and Belonging
Esteem
Self Actualization
Need to determine what level of the hierarchy the consumers are at to
determine what motivates their purchases. The product was not
selling well, and was almost terminated. Upon extensive research it
was determined that the product did sell well in inner-city
convenience stores. It was determined that the consumers for the
product were actually drug addicts who couldn't digest a regular meal.
They would purchase Nutriment as a substitute for a meal. Their
motivation to purchase was completely different to the motivation that
B-MS had originally thought. These consumers were at thePhysio
logical level of the hierarchy. BM-S therefore had to redesign its MM
to better meet the needs of This target market. Motives often operate
at a subconscious level therefore are difficult to measure.
Perception
Lifestyles-
Recent US trends in lifestyles are a shift towards personal
independence and individualism and a preference for a healthy,
natural lifestyle.
Lifestyles are the consistent patterns people follow in their
lives.
The marketer must be aware of these factors in order to develop an
appropriate MM for its target market
Company profile
Van Heusen Corporation is one of the world's largest apparel
companies. It owns and markets the Calvin Klein brand worldwide. It
is the world's largest shirt and neckwear company and markets a
variety of goods under its own brands, Van Heusen, Calvin Klein,
IZOD, ARROW, Bass and G.H. Bass & Co., and its licensed brands
including Geoffrey Beene, Kenneth Cole New York, Kenneth Cole
Reaction, unlisted, A Kenneth Cole Production, BCBG Max Azria,
BCBG Attitude, MICHAEL Michael Kors, Sean John, Chaps, Donald
J. Trump Signature Collection, JOE Joseph Abboud, Tommy Hilfiger,
DKNY, and Timberland.
Product profile
Research objective
RESEARCH OBJECTIVE
FOLLOWING IS THE OBJECTIVES OF RESEARCH
To study the consumer behaviour with respect to Van Heusen.
To find out purpose of buying van huusen products.
To study the awareness of various companies regarding branded
clothes.
To find out channel of communication which is preffered by
cuctomers
To find out how often customers visit ven huesen store.
To find out which other brands customer normally buy.
To find out the normal spending of customers on clothes per
year.
Research Design
RESEARCH DESIGN
1.primary data:
Collected directly from customers by using questionnaire
2.secondary data:
Secondary data is taken from company
website,brouchers,company register etc.
4.research instrument:
Include 10 questions
5.sampling plan:
1)consumer behavior study
i. sampling unit- ven heusen customer
ii.sampling size- 50
2)duration:
10 days.
RESEARCH
LIMITATION
RESEARCH LIMITATION
1
0.9
0.8
0.7
0.6
0.5 Shirt %
Trouser %
0.4
0.3
0.2
0.1
0
30-34 35-38 39-42 43-47
INTERPRETATION
1) According to the customer’s survey normal Shirt size is in the Range of 39 – 42 i.e. 86%.
2) Normal Trouser size is 30 – 34 i.e. 66% according to our survey.
COMMUNICATION CHANNEL PREFERED BY VAN HUESEN CUSTOMERS
60%
50%
40%
Letters
30% Sms
Call
20% E-mail
10%
0%
1
INTERPRETATION
60%
50%
40%
Once in month
30%
Once in two months
Once six month
20%
10%
0%
Percentage
INTERPRETATION
1) According to survey customers like to receive information about store Once in Two month.
HOW OFTEN CUSTOMER’S VISIT ANY VAN HUESEN STORE
50%
45%
40%
35%
30%
Once in two month
25%
Once in three month
20% Once in six months
15%
10%
5%
0%
Percentage
INTERPRETATION
1) Most of the customer’s visit VAN HUESEN Store in every two months i.e. 46% of the total
sample size.
WHY PEOPLES BUY VAN HUESEN CLOTHES
40%
35%
30%
25%
Brand
20% Style
Fit
15% Range
10%
5%
0%
Percentage
INTERPRETATION
1) The customers buy VAN HUESEN Clothes because of its Style and Fitting i.e. 34% and 26%.
2) However some customers buy it for Brand Name.
CUSTOMERS SPENDING ON CLOTHES PER YEAR
60%
50%
40%
5000-10000
30% 10000-15000
15000-20000
above 20000
20%
10%
0%
Percentage
INTERPRETATION
1) The average spending of customers on clothes is in the range of 5000 – 10000 i.e. 50% of the
total sample size
OTHER BRANDS NORMALLY PREFERRED BY CUSTOMERS
30%
25%
20%
Arrow
Allen Solly
15% Louis Philippe
Wills Lifestyle
Color Plus
10%
Zodiac
5%
0%
Percentage
INTERPRETATION
1) Most preferable Brand other than VAN HUESEN is LOUIS PHILIPPE which is preferred by
almost 28% customer as per our survey.
2) The second most preferable Brand by customers is ZODIAC which is almost 22% of the
sample size
PERCENTAGE OF MALE AND FEMALE VISITED STORE DURING SURVEY
Percentage
Male
Female
INTERPRETATION
1) According to our survey we noted that most of the visitors of VAN HUESEN are Male i.e. 90%
of total customers
CUSTOMER SATISFACTION SURVEY
Percentage
60%
50%
40%
30%
20% Percentage
10%
0%
ed ed ed ed
tisfi tisfi tisfi tisfi
a Sa sa a
r yS Un Uns
Ve ry
Ve
INTERPRETATION
APPENDIX
VANHEUSEN
Feedback Form
Name:
Gender: MMM F
Mobile No: _ _ _ _ _ _ _ _ _ _
Shirt Trouser
2. Your Occupation:
Designation:_________________________________________
Company name:______________________________________
4. How often you would you like to receive communication about van
huesen?
Once in two months Once a month Once in six month
Please rank the following options with1 being the most preferred
option and 5 being the least preferred:
____________________________________
_____________________________________
_____________________________________
___
___________________________________
_____________________________________
_____________________________________
___
BIBLIOGRAPHY
Bibliography
1) Marketing Management
-By Philip Kotler
2) Research Methodology
-C. R. Kothari
3) Website
www.vanheusen.com
4) Booklet of VAN HEUSEN, advertisement posters, broachers, etc