Final
Final
CHAPTER-I
INTRODUCTION
All business concerns conduct market research to improve their business in all
aspects. Having the same in view Britannia Industries Limited was into market study on
wafer biscuits in Kurnool city.
The producer‟s attempts to find out people who will pay for his product and buy
them for his own satisfaction from the products while manufactures make decision of the
scope for the products, they satisfy consumer wants and needs. Advertisers try to
understand basic forces that cost human behavior with in the market. They get such
knowledge from psychology and sociology for their desires. This is called consumer
behavior, which is used to construct models by which marketing people plan strategies,
later on, these are used in advertising campaign.
MBA Page 1
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Many models have been developed on consumer behavior. Thus here is stimulus
response model coming from the behaviorist, “Exposure advertising virtually guarantors
whether consumer will respond in a manner desired by the advertisers, even if this is
against the consumer‟s best interests”. Thus the consumer can be manipulated by the will
of the seller by this is not the case now if it was even true before 20 years.
Consumer behaviour refers to the mental and emotional process and the
observable behaviour of consumers during searching, purchasing and post consumption
of a product or service. Consumer behaviour involves study of how people buy, what
they buy, when they buy and why they buy. It blends the elements from psychology,
sociology, socio psychology, anthropology and economics. It also tries to assess the
influence on the consumer from groups such as family, friends, reference groups and
society in general. In the marketing context, the term “consumer” refers not only to the
act of purchase itself, but also to patterns of aggregate buying which include pre-purchase
and post-purchase activities. Prepurchase activity might consist of the growing awareness
of a need or want, and a search for and evaluation of information about the products and
brands that might satisfy it. Post-purchase activities include the evaluation of the
purchased item in use and the reduction of any anxiety which accompanies the purchase
of expensive and infrequently-bought items.
MBA Page 2
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
1. Problem recognition - The first step is problem recognition. During this step, the
consumer realizes that she has an unfulfilled need or want. Let's use the example
of a consumer who has just been informed by her mechanic that fixing her car
will cost more than it's worth. Our consumer realizes that she now has a
transportation problem and wants to fulfill that need with the purchase of a car.
2. Information search - The next step is to gather information relevant to what you
need to solve the problem. In our example, our consumer may engage in research
on the Internet to determine the types of vehicles available and their respective
features.
3. Evaluation - After information is gathered, it is evaluated against a consumer's
needs, wants, preferences, and financial resources available for purchase. In our
example, our consumer has decided to narrow her choices down to three cars
based upon price, comfort, and fuel efficiency.
4. Purchase - At this stage, the consumer will make a purchasing decision. The
ultimate decision may be based on factors such as price or availability. For
example, our consumer has decided to purchase a particular model of bike
because it price was the best she could negotiate and bike was available
immediately.
5. Post-Purchase Evolution: At this stage the consumer will decide whether the
purchase actually satisfies her needs and wants.
MBA Page 3
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Personal risk
Social risk
Economic risk
The purchase of the same product does not always elicit the same Buying Behavior.
Product can shift from one category to the next.
MBA Page 4
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
For example:
Going out for dinner for one person may be extensive decision making (for someone that
does not go out often at all), but limited decision making for someone else. The reason
for the dinner, whether it is an anniversary celebration, or a meal with a couple of friends
will also determine the extent of the decision making.
Selling of any product, there is needed to build relationship with customer. For
building a relationship there is need for knowing the customer behavior and how will be
they satisfied.
Stating from Kotler “A successful marketing requires that companies fully connect with
their customers, adopting a holistic marketing orientation means understanding customers
– gaining 360 degree view of both their daily lives and the changes that occur during their
life times so the right products are always marketed to the right customers in the right
way. ”
So satisfying the wants of the target customer is fixed through answering the questions
like
Who buys?
How do they buy?
Where do they buy?
Do they buy?
With these set of questions marketers study how individuals, groups, and organizations
select, buy, use, and dispose of goods, services, ideas, or experiences to satisfy their
needs and wants.
MBA Page 5
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
There are factors like cultural, social, and personal upon which consumer behavior is
instigated. These can be defined as:
Cultural factor
This is the most fundamental determinant of a persons wants and behaviour. So attending
to the cultural values in every country to understand how to best market their existing
products and find opportunities for new products is crucial. While understanding culture
of target group variables such as values, perceptions, preferences and behaviours are the
chief variables.
Under culture there are more specific identifications like nationality, religion, racial
groups, and geographic regions creating smaller sub cultures.
Social factor
In addition social factors such as the consumer reference group family and social roles
and status affect the buying behaviour. A reference group is those groups that have a
direct and indirect influence on the attitude and behaviour. So marketers must determine
how to reach and influence the group‟s opinion.
MBA Page 6
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Personal factor
A buyer decision is also influenced by his or her personal characteristics, notably the
buyer age, lifestyle, occupation, economic circumstances etc.
Psychological factor
A person buying choice is also influenced by four major psychological factors such as
motivation, perception, learning belief and attitudes.
Britannia
The company Britannia as we know it today has multiple variants in its product segment
of biscuits alone. As the tag line goes “there‟s a perfect match for every plate” it has
range of biscuits matching the attitudes of various consumers.
As biscuit is a product, which is the most loved fast food for all age groups, it caters to
masses in India. It is easy to carry and conveniently priced adding to the handiness as a
mobile snacks product.
MBA Page 7
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Cultural factor
Biscuits have become favourite evening snacks for Indians. India being a country of food
lovers, involves food to every occasion and hence could relate to the importance of
serving biscuits in get-together, social gatherings etc.
As majorly noticeable aspect remains how it complements tea every evening. It being
light and healthier unlike previous tea snacks like samosas, pakodas etc. Has merged with
our Indian culture with ease. There are variants of biscuits with salty flavor, which
compliments the sweet taste of tea. We can notice now how biscuits have become a
prominent grocery product and is stored in bulk with varying flavors depending upon age
group preferences.
The consumer behaviour changes with every age group along with their lifestyle practice.
As children would prefer cream and taste oriented biscuits, the young generation would
prefer compromising on taste for healthier variants and older age group people would
prefer more conventional flavor like elaichi, kaju, butter etc. All these add up to the
personal factors for determining the consumer behaviour.
We can observe the stress of healthier consumption habits on every edible fmcg goods
theses days. From this we can infer the influence that social groups create on a persons
consumption habits. This drift is so high that nutrient contents have become a pre watch
MBA Page 8
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
before buying any item form stores. There are options, which Britannia offers to its
consumers such as ragi. Oats, oats with cranberry etc.,. This is a personal factor that
Britannia understands and offers suitably.
Psychological factor
The competition today is too high in the biscuits segment as there are other brands
offering the same value to the same customer. So factors such as taste, extra offering,
packaging, and advertisement combine in creating a attitude towards a particular biscuit
irrespective of brand. Britannia through its advertisement like 50-50, good day, little
hearts, tiger (salman khan ad) has aided in creating a psychological factor in consumer
behaviour.
MBA Page 9
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
To identify the awareness about Britannia Marie Gold biscuits available in the
market.
To find the reason for buying the biscuit & their opinion about the Britannia
Marie Gold Biscuits.
To identify the satisfaction level of the various factors of Marie Gold biscuits.
MBA Page 10
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
MBA Page 11
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
MBA Page 12
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
RESEARCH METHODOLOGY
In other words, Research Methodology is simply the plan of action for a research which
explains in detail how data is to be collected, analyzed and interpreted.
Data‟s becomes information only when a proper methodology is adopted. Thus we can
say Methodology is a tool which process the date to a reliable information. The present
chapter attemptto highlight the research methodology adopted in this project.
RESEARCH DESIGN
Primary data are those which are collected a fresh and for the first time and thus happen
to be original in character.
Primary data collection is nothing but the data that is directly collected from the people
by the researcher himself. Primary data may pertain to demographic / socio economic
characteristics or the customers, altitudes and opinions of people, their awareness and
knowledge and other similar aspects.
MBA Page 13
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
In this study Primary Data collection method has helped the researcher to a great extent
in arriving at the results.
Survey Method
Survey method is the systematic gathering of data from the respondents .survey is the
most commonly used method of primary data. This is widely used because of its
Extreme Flexibility
Reliability
Easy Understandability
The main purpose of survey is facilitate understanding or enable prediction of some
aspects of the population being surveyed.
SAMPLING INSTRUMENT
The instrument used to collect data for the study was the structured questionnaire.
METHODS OF SAMPLING
In this study non probability sampling has been adopted. Under the non probability
sampling convenience sampling has been taken for the purpose of study.
CONVENIENCE SAMPLING
The sampling units are chosen primarily on the basis of convenience to the researcher is
known as
MBA Page 14
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
give a confidence interval of desired width and as such the size of the sample must be
chosen by logical process before sample is taken from the universe.
In order to extract much feasible results through the study, a sample size of 100 has been
taken for the study.
SAMPLINGSCHEME:
Sampling design of the study consists of two steps:
a)Selection of the study area.
b)Selection of the sample size
QUESTIONNAIRE DESIGN
MBA Page 15
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
b) RatingScale:
These type of question helps to rate the customer perception the no of question in the
study are from 1 to 15.
Dichotomous Question:
Dichotomous Question allows for only two possible answers “yes” and “no”. These type
of question is the study are 16 & 18.
MBA Page 16
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
CHAPTER-II
INDUSTRY AND COMPANY PROFILE
After the Second World War the biscuit production in India increased rapidly. Now there
are more than 31 units in the organized sectors but also there are maybe small- scale
sectors involved in biscuit productions.
MBA Page 17
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
EXPORT PERFORMANCE
India exports biscuits to the Middle East, African and other neighboring countries. There
is stiff competition from European countries. U.K. has been the major competitor as far
as India in concerned.
IMPORT PERFORMANCE
Import of biscuits by general trade has been discontinued since years. However some
quantities of biscuits are imported only by military and for other special purpose. The
major countries from which these are imported are West Germany, Netherlands and
U.S.A.
The industry consists of two large scalemanufacturers, around 50 medium scale brands
and small scale units ranging up to 2500 units in the country, as at 2000-01. ... The annual
turnover of the organized sector of the biscuit manufacturers (as at 2001-02) is Rs.
4,350 crores.
1. Segments: The organized and unorganized sectors of the biscuit industry
is in the proportion Of 55%:45% ratio.
2. Exports of Biscuit is estimated to around 10% of the annual production
during the year 2006-07.
3. Imports of biscuits into India has not shown any significant growth
during the last two years and has not affected production/sales by the
Indian Biscuit industry.
4. Marketing: Wholesale and Retail marketing in the Biscuit industry is
carried out with a network of C & F Agencies (for States and/specific
Districts) Dealers / Wholesalers and Retail shops.
5. Biscuit Industry, especially the Small & Medium Sector, consisting of
around 150 units(besides three Large Industries), are facing erosion in
their profitability and competitive capability, due to imposition of Value
Added Tax (VAT) by the State Governments @ 12.5% on Biscuits,
compared to VAT oat 4% levied on other similar food products.
6. Taxation: On behalf of the industry, IBMA has been pursing the issue
with the Chief Ministers/Finance Ministers of all States and also with the
MBA Page 18
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
MBA Page 19
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
growth further declined from 2009-10 to 2011-12 and the first half of 2012-13.
Annual Production:
The organized biscuit manufacturing industry„s annual production figures are given
below:
(In Lakh Metric Tonnes)
2003-04 – 11.00
2004-05 – 12.55
2005-06 – 14.29
2006-07 – 16.14
2007-08 – 16.85
2008-09 – 17.50
2009-10 – 18.50
2010-11 – 19.00
2011-12 – 20.50
2012-13 – 10.50(April to September 2012)
Segments:
The organized and unorganized sector of the biscuit industry is in the proportion
of 70%:30% ratio.
·EXPORTS of Biscuit was 14% of the annual production during the year 2010-11
which declined to around 12.5% in 2011-12.
· IMPORTS of biscuits into India (mainly high end products) has not shown any
significant growth during the last five years and has not affected production/sales by the
Indian Biscuit industry.
Rural-Urban penetration of Biscuit:
Urban Market: 75% to 85%
Rural Market: 50% to 65%
Marketing
Wholesale and Retail marketing in the Biscuit industry is carried out with a network of
Super Stockers Agencies (for States and specific Districts etc), Wholesalers and Retail
shops.
MBA Page 20
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
MBA Page 21
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
The per capita consumption as well as pattern of consumption in the four regions,
as shown above, will also increase considerably, in case the industry’s plea for
reduction in the rate of Value Added Tax (VAT) from 13.5% to 5% is acceded to.
6. The Solvent Extracted Oil, De-oiled Meal, and Edible Flour (Control) Order,
1967.
8. Any other order issued the under Essential Commodities Act, 1955 (10 of 1955)
relating to food.
At the same time, the Govt. of India, Ministry of Health and Family Welfare has also
notified the final Food Safety and Standards Regulations, 2011 on 1st August,
2011 effective from 5th August, 2011. These Regulations cover following items:
MBA Page 22
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
REGULATIONS, 2011
11 IBMA Circular No 1206 Notification Nos 426 and 426 Amendments in LM PC Rules
The "India Biscuit Market Overview 2017-2023" report has been added
to ResearchAndMarkets.com's offering.
India is the third largest producers of biscuits following United States and China. The
biscuit market of India is driven by factors such as increasing income of consumers, shift
to premium biscuits, more manufacturing facilities set up, growing health awareness,
innovation in biscuits, attractive packaging, etc.
MBA Page 23
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
The organized biscuit market accounts for more than 70% of value share in the overall
Indian biscuit market. The sector is expected to surpass the revenue figure of INR 400
billion by 2023. Organized market comprises of all the major players of biscuits which
serves both in rural and urban area. The distribution network of players like Parle and
Britannia are widely spread in the rural areas. It is very easy to find a 5 Rs. Parle biscuit
in any traditional general shop in those areas. Organized market consists of different
product categories of biscuits such as cream, cookies, glucose, marie, cracker, milk, etc.
Organized players like Parle, Britannia, Mrs. Bectors, Surya Food and Agro Limited
manufacture all types of biscuits mentioned above. Rural consumption of biscuits have
shown a better growth in past few years.
Along with the major biscuit players of India, many regional players are also into the
production of biscuits. These players have similar production facilities like the renowned
one. Their biscuits are well- labelled and packaged yet healthy to eat and available at a
low price which makes it affordable for the low income consumers. To increase its sales
and product value, companies have started to launch premium biscuits in small packets so
as to increase the demand of their products in both rural and urban places. Urban
localities include distribution channels such as hypermarket, supermarket, general stores
and growing one "e-retailing".
E-retailing is in trend nowadays. E-retailing allows consumers to select their kind of
products and also offers discount at times like in festive seasons. It is convenient to shop
from here as one can easily purchase anything by sitting at home. Amazon, Flipkart,
Snapdeal are some of the e-retailers in India which keep biscuits from both national and
international brands.
Major companies operating in the biscuit market of India are ITC Limited, Britannia
Industries Limited, Parle Biscuits Private Limited, Surya Food & Agro Limited and
Unibic Foods India Private Limited.
Key Topics Covered:
1. Executive Summary
2. India Biscuit Market Outlook
3. India Organized Biscuit Market Outlook
MBA Page 24
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
MBA Page 25
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
COMPANY PROFILE
Each Marie Gold biscuit is crisp and light, and is packed with the goodness of Vitamins
and Minerals that make for healthier teatimes.
BISCUITS
GOOD DAY
CRACKERS
MBA Page 26
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
NUTRICHOICE
MARIE GOLD
TIGER
MILK BIKIS
JIM JAM + TREAT
BOURBON
LITTLE HEARTS
PURE MAGIC
NICE TIME
BREADS
CHEESE
MILK BASED BEVERAGES
FRESH DAIRY
EVERYDAY GOODNESS
CAKES
GOBBLES
TIFFIN FUN
NUT & RAISIN
MUFFILLS
LAYERZ
ROLLYO
FUDGEIT
MBA Page 27
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
RUSK
TOASTEA
CREME WAFERS
TREAT CREME WAFER
CROISSANT
TREAT CROISSANT
MBA Page 28
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
A few years later, control moved through a complicated process, which is still not fully
understood, to Rajan Pillai, a Kerala-based businessman and a crony of Nusli Wadia. The
two cronies fell out with each other and an uproarious corporate drama unfolded. It ended
after the death of Rajan Pillai in police custody and the confirmed takeover of control
by Nusli Wadia. Its subsequent corporate history has also had a full share of
controversies.
Biscuits[edit]
Biscuits account for 90% of Britannia's annual revenue. The company's factories have an
annual capacity of 433,000 tonnes. The brand names of Britannia's biscuits
include VitaMarieGold, Tiger, Nutrichoice, Good day, 50 50, Treat, Pure Magic, Milk
Bikis, Bourbon, Nice Time and Little Hearts among others.
In 2006, Tiger, the mass market brand, realised $150.75 million in sales, including
exports to the U.S. and Australia. This amounts to 20% of Britannia revenues for that
year.
Also Britannia Industries has roped in Bollywood actor Salman Khan to endorse it range
of 'Tiger' brand of biscuits. According to Britannia, Khan will play a role in further
enhancing Tiger‟s core values through his association in presenting the brand, its
products and promotional activities.
Dairy products
Dairy products contribute close to 10% to Britannia's revenue.The company not only
markets dairy products to the public but also trades dairy commodities business-to-
business. Its dairy portfolio grew to 47% in 2000-01 and by 30% in 2001-02. Its main
competitors are Nestlé India, the National Dairy Development Board (NDDB),
and Amul (GCMMF).
Britannia holds an equity stake in Dynamix Dairy and outsources the bulk of its dairy
products from its associate.
On 27 October 2001, Britannia announced a joint venture with Fonterra Co-operative
Group of New Zealand, an integrated dairy company which handles all aspects of the
value chain from procurement of milk to making value-added products such as cheese
and buttermilk. Britannia intends to source most of the products from New Zealand,
which they would market in India. The joint venture will allow technology transfer to
Britannia. Britannia and New Zealand Dairy each hold 49% of the JV, and the remaining
MBA Page 29
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
2 percent will be held by a strategic investor. Britannia has also tentatively announced
that its dairy business (probably including Dynamix) would be transferred to the joint
venture.However, the authorities' approval to the joint venture obliged the company to
start manufacturing facilities of its own. It would not be allowed to trade, except at the
wholesale level, thus pitching it in competition with Danone, which had recently
established its own dairy business.
Performance and profitability
Between 1998 and 2001, the company's sales grew at a compound annual rate of 16%
against the market, and operating profits reached 18%. More recently, the company has
been growing at 27% a year, compared to the industry's growth rate of 20%. At present,
90% of Britannia's annual revenue of Rs 22 billion comes from biscuits.
Britannia is one of India's 100 Most Trusted brands listed in The Brand Trust
Report. Britannia has an estimated market share of 38%.
Disputes and controversies
Wadia and Rajan Pillai
Kerala businessman Rajan Pillai secured control of the group in the late 1980s, becoming
known in India as the 'Biscuit Raja'. In 1993, the Wadia Group acquired a stake in
Associated Biscuits International (ABIL), and became an equal partner with Groupe
Danone in Britannia Industries Limited.
In what The Economic Times referred to as one of [India's] most dramatic corporate
sagas,Pillai ceded control to Wadia and Danone after a bitter boardroom struggle,then
fled his Singapore base to India in 1995 after accusations of defrauding Britannia, and
died the same year in Tihar Jail.
Wadia and Danone
The Wadias' Kalabakan Investments and Group Danone had two equal joint venture
companies, Wadia BSN and United Kingdom registered Associated Biscuits International
Holdings Ltd., which together held a 51 percent stake in Britannia.The ABIH tranche was
acquired in 1992, while the controlling stake held by Wadia BSN was acquired in 1995.
It was agreed that, in case of a deadlock between the partners, Danone was obliged to buy
the Wadia BSN stake at a "fair market value". ABIH had a separate agreement signed in
1992 and was subject to British law.
MBA Page 30
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Wadia was to be Danone's wife's partner in the food and dairy business, and product
launches from Groupe Danone's were expected but never materialised despite the JV
being in existence for over 11 years in India.Under the 1995 joint venture agreement,
Danone is prohibited from launching food brands within India without the consent of the
Wadias. In addition, the partners agreed there would be the right of first refusal to buy out
the remaining partner in the event of the other wishing to sell its holding.
In June 2006, Wadia claimed Danone had used the Tiger brand to launch biscuits in
Bangalore. In May 2007, Nusli Wadia told the Ministry of Commerce and Industry that
Danone invested in a Bangalore-based bio nutrition company, Avesthagen, in October
2006 in violation of the government's Press Note 1, 2005, which requires a foreign
company to obtain the consent of its Indian joint venture partner before pursuing an
independent business in a similar area, including joint ventures based purely on technical
collaboration. Danone argued that Press Note 1 did not apply to it as it did not have a
formal technology transfer or trademark agreement with Avesthagen, and that its 25%
holding in Britannia was indirect. Wadia also filed a case in the Bombay High Court for a
breach of a non-competition clause in that connection. The court ordered Danone not to
alienate, encumber or sell shares of Avesthagen.
In September 2007, the Foreign Investment Promotion Board of India rejected Danone's
claims that it did not need a non-compete waiver from the Wadias to enter into business
in India alone.
After a prolonged legal battle, Danone agreed to sell its 25.48% stake in Britannia to
Leila Lands, which is a Wadia group entity based in Mauritius, and quit this line of
business. The deal was valued at $175–200 mn. With this buy-out, Wadia holds a
majority stake of 50.96%.
MBA Page 31
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Britannia initiated legal action against Danone in Singapore in September 2007. The
dispute was resolved in 2009 with Britannia securing rights to the Tiger brand worldwide,
and Danone paying Rs220 million to utilise the brand.
MBA Page 32
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
MBA Page 33
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
CHAPTER-III
REVIEW OF LITERATURE
The purpose of services of literature is to find out similar situational variables and
their appropriateness that is situated for present day situation. It also indicates various
attitude of dealer with regard to other similar products. In order to make more relevant
the review of literatures from both Indian and Foreign Studies been reviewed.
The authors say innovative company breaks free from competitions by staking out
fundamentally new market space that is by creating products services for which there are
no competitions.
According to the managers, they must look not only across the conventional boundaries
but also the territory that represent real value on innovations.
STRATEGIC COMPETITION
According to Dr. Rajan Das in his article “INTO THE UTURE” strategically
(1997) states that understanding competition and competitive behaviour in strategic terms
is extremely important.
Hamel and Prahlad observe that there are three levels of competition viz.
Competition for intellectual leadership to get new ideas that may create new advantages
or new basis for competition.
Competition for translating such new ideas into commercial products and services faster
than other.
Competition for market share. According to these two authors the competition for market
share cannot to won unless formidable advantages are created at the first two levels.
Ability to see customer needs and competition beyond present served market and also
MBA Page 34
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
assess the capabilities at competition to come up with break through products and
services that may alter future competitive is a key requisite for understanding strategic
competition.
MARKETING MIX
According to Adriyan Payan, The marketing mix concept is a well-established tool used
as astructured by marketers. It consists of the various elements of a marketing programme
which needto be considered in order to successfully implement the marketing strategy
and positioning in thecompany‟s marketers.
Traditionally, most marketers have considered four basic elements of a marketing mix:
product, price, promotion and place. But as for as concerned product, price, promotion
are taken intoconsideration, regarding project.
PRODUCT
According to Harsh V. Verma,, the term the „product‟ generally conjures up the vision a
car, a pen, a racquet or anything that is tangible. It is very rarely that one thinks of
„product‟ in a service firm, for service business is an inward-looking, activity-based
classification.
“A product is anything that can be offered to a market for attention, acquisition, use
or consumption that might satisfy a want or need. It includes physical objects, person,
places organization and ideas”. Product definition has an implicit reference to a market
and a need. The physical character of goods is useful in convincing the market that the
said product is capable of satisfying a need and is superior to competition.
A product generally, has four levels, viz, generic, expected, augmented and potential.
1. The Generic Product: It refers to the rudimentary substantive thing. It is the product at
its basiclevel.
2. The Expected Product: It refers to the customer‟s minimum set of expectation from an
expectation from a product.
3. The Augmented Product: It refers to offerings in addition to what the customer
expects.
4. The Potential Product: It refers to doing everything potentially feasible to hold and
attract the customer.
MBA Page 35
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
PRICE
Price is the most important thing for the product. Generally for any type of price fixing
the manufactures has to aware of his production cost and adds some margin to that
production cost they can fire the prices.
PRICING METHODS
Pricing has some methods, they are as fallows.
i) Cost-plus pricing: Here, a specific percentage mark up is sought
ii) Rate of return pricing: Here, the firm wants to achieve a given rate of return on
investment or assets. This is sometime called „target return‟ pricing.
iii) Competitive parity pricing: Here, the price is determined considering the
Competitive prices inthe market
MBA Page 36
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
iv)Loss leading pricing: Here, the price is set on a short – term basis, to establish a
position in the market or to provide an opportunity.
iv) Value-based pricing: Here, the price is determined on the service‟s perceived
Value to a given customer segment.
PROMOTION
IMPORTANCE OF PROMOTION
The marketing mix activities of product planning, pricing and distribution are performed
mainly within the organization or between the organization and its marketing partners.
However with promotional activities the firm communicates directly with potential
customers.
Promotion is the element in an organization marketing mix that served to inform
persuade andremained the market of the organization and its products. Basically
promotion is an attempt toinfluence whether a particular promotional activity is designed
to inform pursued or remained theultimate objective is to Influence the recipient feelings
beliefs or behaviors. In our socio economicsystem this is not only acceptable. It is
essential one of the attributes of a free society is the right of use combination as a tool of
influence.
PROMOTIONAL METHODS
The promotional mix is the combination of personal selling advertising, sales, promotion,
publicity and public relations that helps an organization achieve its marketing objectives.
These five methods of promotion defined as follows.
PERSONAL SELLING:
Personal selling is the presentation of a product to a prospective customer by a
representative of the selling organization. Across all business more money is spent on
personal selling than any other form of promotion.
MBA Page 37
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
ADVERTISING:
18Advertising is any paid form of impersonal mass communication in which the sponsor
is clearly identified. The common forms are broad cost and print media using.
SALES PROMOTION:
Sales promotion is designed to supplement advertising and co-ordinate personal selling
includessales promotion are screen activities as contents for sales people and consumers
trade shows in storedisplays, samples.
Sales promotion is one of the most commonly used in the marketing vocabulary. We
define sales promotional activities that are intended to stimulate customers demand and
improve the marketing performance of sellers. Sales promotion includes coupons,
premiums, displays and samples.
Sales promotion activities may be conducted by producers or middlemen. The target for
producer‟s sales promoters may be middleman or end users-households. Business or the
producers own sales force middleman direct sales promotion at his sales people or
prospects further down the channel of distribution.
Sales promotion is different form advertising and personal selling. But all these activities
often are interacted. In fact a major function of sales promotion is to serve as bridge
advertising and personal selling to supplement and co-ordinate efforts on these two areas.
Recently sales promotion has been fastest growing method of promotion with rupees
being shifted from advertising total annual expenditures for sales promotion are estimated
to parallel or evenexceed those for advertising. Sales promotion is also being integrated
into the total marketingstrategy. In many firms, it‟s being introduced at the conception or
a promotion campaign.
Several factors in the marketing environment contribute to the surveying popularity of
sales promotion.
Short run orientation:
Sales promotions such as campaign and trade allowance produce quicker more asurable
salesresults. However, this strategy agree that these intermediate benefits come at he
expense of building a strong brand in case in consumers minds and condition. Buyers to
expect incentives.Thus, they feel an over emphasis on sales promotions will under mine a
product future.
MBA Page 38
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
PUBLICITY:
Publicity is similar to advertising in that it is a mass communication type of demand
stimulations.Publicity usually consists of favorable means presentation publicity for a
product organization presented in any media. The unique features of publicity are that it
is not paid for and it has the credibility of editorial material. Organizations frequently
provide the material for publicity in the form of news, press conferences and
photographs.
PUBLIC RELATIONS:
Public relations are planned effort by an organization to influence theattitudesand
opinions of a specific group.
The target may be customer, stockholders, a government agency are special interest
group. Promotion is a critical ingredient of many marketing strategies. Product
differentiation market segmentation, trading up and trading down and branding all
enquires effective promotion.
MBA Page 39
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
CHAPTER-IV
DATA ANALYSIS AND INTERPRETATION
1. Table Representing consumers who are aware of Britannia Marie gold biscuits.
Respondents No. of Respondents Percentage
YES 86 86%
NO 14 14%
100
Percentage of
Respondents
90
80
70
60
50 Percentage
40 No.of Respondents
30
20
10
0
Yes No
No.of Respondents
INFERENCE:
From the above table it is concluded that
86% of respondents aware of marie gold biscuits
14% of respondents are not aware of marie gold biscuits
SOURCE: QUESTIONNAIRE
MBA Page 40
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Parle 14 14%
Sunfeast 20 20%
Rose 10 10%
100
Percentage of Respondents
90
80
70
60
50
Percentage
40 No.of Respondents
30
20
10
0
Britannia Parle BrandSunfeast Rose
INFERENCE:
From the above table it is concluded that
56% of the respondents like Britannia
14% of the respondents like Parle
20% of the respondents like Sunfeast
10% of the respondents like Rose
SOURCE: Questionnaire
MBA Page 41
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Bourbon 12 12%
50-50 20 20%
no.of respondents
20%
38%
Mariegold
12%
Good day
Bourbon
30% 50-50
INFERENCE:
38% of the respondents prefer Britannia
30% of the respondents prefer Good day
12% of the respondents prefer Bourbon
20% of the respondents prefer 50-50
SOURCE: Questionnaire
MBA Page 42
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Friends 34 34%
Relatives 10 10%
Others 26 26%
No.of respondents
26% 30%
Advertisement
10% Friends
Relatives
Others
34%
INFERENCE:
From the above table it is concluded that
30% of people are aware through advertisement
34% of people are aware through friends
10%of people are aware through relatives
26% of people are aware through others
SOURCE: Questionnaire
MBA Page 43
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
100
90
80
70
60
50
40
30
20
10 Percentage
0
No.of Respondents
Plcae of Purchase
INFERENCE:
From the above table it is concluded that
30% of the people purchase it from supermarket
50% of the people purchase it from General stores
20% of the people purchase it from Departmental stores
People do not purchase it from Medical stores
SOURCE: Questionnaire
MBA Page 44
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Quality 22 22%
Brand image 20 20%
Quantity 8 8%
package 14 14%
100
Percentage of
Respondents
80
60
40 Percentage
No.of Respondents
20
0
Taste Quality Brand Quantity Package
image
Factors
INFERENCE:
From the above table it is concluded that
36% of the people are influenced through taste
22% of the people are influenced through quality
20% of the people are influenced through brand image
8% of the people are influenced through quantity
14% of the people are influenced through package
SOURCE: Questionnaire
MBA Page 45
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
100
90
80
Percentage of
Respondents
70
60
Percentage
50
No.of Respondents
40
30
20
10
0
High Low Reasonable
Price
INFERENCE:
From the above table it is concluded that
30% of the people think that price is high
20% of the people think that price is low
50% of the people think that price is reasonable
SOURCE: Questionnaire
MBA Page 46
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
8. Table representing no. of respondents who are interested to buy in the current
price.
INTEREST NO.OFRESPONDENTS PERCENTAGE
YES 86 86%
NO 14 14%
100
Percentage of
Respondents
80
60
Percentage
40 No.of Respondents
20
0
Yes No
Interest
INFERENCE:
From the above table it is concluded that
86% of respondents are interested to buy in the current price
14% of respondents are not interested to buy in the current price
SOURCE: Questionnaire
MBA Page 47
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
No 10 10%
100
90
80
Percentage of
Respondents
70
60
Percentage
50
No.of Respondents
40
30
20
10
0
Yes No
Suggest
INFERENCE:
From the above table it is concluded that
90% of the respondents suggest mariegold biscuits to others
10% of the respondents not suggest mariegold biscuits to others
SOURCE: Questionnaire
MBA Page 48
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Weekly 30 30%
Fortnightly 28 28%
Monthly 20 20%
Occasionally 12 12%
100
Percentage of
Respondents
90
80
70
60
50
40
30
20 Percentage
10
0 No.of Respondents
Frequency
INFERENCE:
From the above table it is concluded that
10% of the consumers purchase daily
30% of the consumes purchase weekly
28% of the consumes purchase fortnightly
20% of the consumers purchase monthly
12% of the consumers purchase occasionally
SOURCE: Questionnaire
MBA Page 49
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
100
Percentage of
Respondents
80
60
40 Percentage
No.of Respondents
20
0
100gms 200gms 400gms
Size of Packet
INFERENCE:
From the above table it is concluded that
38% of the respondents prefer 100gms packet
42% of the respondents prefer 200gms packet
10% of the respondents prefer 400gms packet
SOURCE: Questionnaire
MBA Page 50
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Poor 12 12%
Excellent 20 20%
Excellent
Poor
Feel
No.of Respondents
Better Percentage
Good
0 20 40 60 80 100
Percentage of Respondents
INFERENCE:
From the above table it is concluded that
36% of the people feel it as Good
32% of the people feel it as Better
12% of the people feel it as Poor
20% of the people feel it as Excellent
SOURCE: Questionnaire
MBA Page 51
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Less Satisfied
Satisfied
No.of Respondents
Moderately Satisfied
Percentage
Highly Satisfied
0 50 100
Percentage of Respondents
INFERENCE:
From the above table it is concluded that
10% of the people are highly satisfied
28% of the people are moderately satisfied
42% of the people are satisfied
20% of the people are less satisfied
SOURCE: Questionnaire
MBA Page 52
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
14. Table showing easy availability of Britannia marie gold biscuits in the market.
Availability No. of respondents Percentage
Yes 96 96%
No 4 4%
No
No.of Respondents
Percentage
Yes
0 20 40 60 80 100
Percentage of Respondents
INFERENCE:
From the above table it is concluded that
96% of the consumers find easy availability of Britannia marie gold biscuits
4% of the consumers do not find easy availability of Britannia marie gold biscuits
SOURCE: Questionnaire
MBA Page 53
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
FINDINGS
MBA Page 54
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Most of the respondents are highly satisfied with the 54% quality & 46% with
packaging & 39% with brand image & others 66% of Britannia Marie Gold
biscuits.
Most of the respondents prefer in buying 100 gm of Britannia Marie Gold and
next preferable size is 100 gm and some of them like 400 gm.
70% of the respondents are feel that Britannia Marie Gold biscuits is easily
available in the market.
MBA Page 55
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
SUGGESTIONS
The company may provide the biscuits at reduced / concessional price for the
customer in Kurnool provided at round off price say re.1 or re.2.
The company may advertise by television, newspaper & hoardings etc.
The company may advertise to create awareness regarding the nutrients included
in the biscuits.
The company may provide samples to the customers.
The company may provide some consumer offer to the customer.
The company may introduce new products the would help the customers for their
taste.
Mostly respondents suggested for reduction of prices
Give different shapes, which will be new & will be attractive for children
Introduce new products, which can be meant for occasions
Improving the taste and also giving more flavors can attract attract more
customers
MBA Page 56
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
CONCLUSIONS
The market study on biscuits at Kurnool city as helped to know the status of biscuits. It
has revealed the requirements of the retailers, the profile, characteristics, and taste of the
consumer of biscuits. Britannia biscuits are having a good market share in Kurnool city.
Carrying out elegant sales promotional activities can increase biscuits demand in Kurnool
city with regard to various brand of biscuits. This study has helped the researcher to gain
good experience and more information about the biscuit market.
MBA Page 57
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
Questionnaire
I am S.MD.HUSSAIN, pursuing MBA final year at KVS COLLEGE, doing a project on
consumer behaviour towards BRITANNIA MARIE GOLD biscuits Please kindly fill the
questionnaire.
Name: Gender:
Age: Occupation:
1. Are you aware of Britannia Marie gold biscuits?
a) Yes b) No
2. Which company biscuits do you like the most?
a) Britannia b) parle c) Sunfeast d) Rose
3. In the Britannia which variant do you consumed the most?
a) Marie gold b) Good day c) Bourbon d) 50-50
4. How did you come to know about Britannia Marie gold biscuits?
a) Advertisements b) Friends c) Relatives d) Others
5. From where do you like purchase marie gold?
a) Supermarket b) General stores
c) Medical stores d) Departmental stores
6. What is the reason for buying Britannia Marie Gold biscuits?
a) Taste b) Quality c) Brand image d) Quantity e) Package
7. What is your opinion about the price of the biscuits?
a) High b) Low c) Reasonable
8. Are you interested to buy in the current price?
a) Yes b) No
9. Will you suggest this biscuits to others?
a) Yes b) No
10. How often do you purchase Britannia Marie Gold biscuits?
a) Daily b) Weekly c) Fortnightly d) Monthly e) Occasionally
11. Which pack size do you prefer in buying Britannia Marie gold Biscuits?
a) 100 gm b) 200 gm c) 400 gm
12. How do you feel about the advertisement?
a) Good b) Better c) poor d) Excellent
MBA Page 58
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
THANK YOU
MBA Page 59
CONSUMER BEHAVIOUR TOWORDS BRITANIA MARIE GOLD BISCUITS
BIBILIOGRAPHY
MBA Page 60