A PROJECT REPORT ON Effectiveness of Promotional offers at Big Bazaar by BabasabPatil

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									              “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Questionnaire
Dear Respondents,
               I B S PATIL student of MBA IV semester ,BEC DOMS BAGALKOT
have undertaken a project titled “Effectiveness of Promotional offers” at Big Bazaar,
belgaum. Hence I request your kind co-operation by sparing your precious time in
answering the following questions and providing information.

(Please mark)

1) Are you aware of promotional offers at Big Bazaar? (If No, please go to question No. 3)

Yes                       No 


2) If yes, what was the mode of communication?

TV               News Paper                         Hoardings 


3) Did you notice/ hear about the promotional offers today?

Yes                       No 


4) How frequently you visit Big Bazaar

Occasionally              Once in a month           Once in a week 

Daily                     As and when required 



5) The Promotional offers at Big Bazaar are attractive and induce me to make a purchase?

Strongly Agree      Agree       Neither Agree/ Nor Dis-agree      Dis-agree      Strongly Dis-agree 



6) For which range of products/brands you expect promotional offers? (Please Rank from scale 1being high
to 4 being lowest)

Clothing     Groceries       Electronic items     Furniture 



7) Have you availed any offers during your recent visits? (If No, please go to question No. 9)


Yes                       No 


8) What did you opt for?



BABASAB PATIL PROJECT REPORT OF MARKETING                                                         Page 1
             “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Discount offer                            Free offer 


9) Do you communicate offers at Big Bazaar to your friends/relatives?

Yes                      No 


10) Where do you find the following better (please mark)

                                        At Big Bazaar                   At other Retail shops
Price
Quality
Product range
Promotional Offers
Ambience


11) Do offers make you feel like visiting Big Bazaar again?

Yes                      No 


                                             THANK YOU




BABASAB PATIL PROJECT REPORT OF MARKETING                                                  Page 2
           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




 EXECUTIVE SUMMARY




Retailing in India is witnessing a huge revamping. India is rated the fifth most attractive
emerging retail market, estimated to be US$ 200 billions, of which organized retailing
(i.e. modern trade) makes up 3 percent or US$ 6.4 billions.




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            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




Retail is one of booming sectors in India. Retail contributes around 10% of India’s GDP
and 8% of employment. Revolution has taken palace in India with introduction of
sprawling shopping centers, multiplex- malls and huge complexes offer shopping,
entertainment and food all under one roof. Retail players have already tapped Tier-I cities
and are entering into Tier-II cities in India. The growth of retail sector in India is due to
following reasons:



   o Low share of organized retailing
   o Falling real estate prices
   o Increase in disposable income and customer aspiration
   o Increase in expenditure for luxury items
   o Increase in young working population
   o High pay packets, nuclear families




Future Group is one of the Country’s leading business groups present in retail, asset
management, consumer finance, insurance, retail media, retail spaces and logistics. The
group’s flagship Company, Pantaloon Retail (India) Limited .Pantaloon Retail (India)

BABASAB PATIL PROJECT REPORT OF MARKETING                                            Page 4
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Limited, is India’s leading retailer that operates multiple retail formats in both the value
and lifestyle segment of the Indian consumer market. The Company operates over 7
million square feet of retail space, has over 1000 stores across 51 cities in India and
employs over 24,000 people. The company’s leading formats include Pantaloons, a chain
of fashion outlets, Big Bazaar, a uniquely Indian hypermarket chain, Food Bazaar, a
supermarket chain, Some of its other formats include, Depot, Shoe Factory, Brand
Factory, Blue Sky, Fashion Station, aLL, Top 10, mBazaar and Star and Sitara. The
Company also operates an online portal, futurebazaar.com. Pantaloon Retail was recently
awarded the International Retailer of the Year 2007 by the US-based National Retail
Federation (NRF).




PROMOTIONAL OFFERS



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            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Meaning

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

    Promotions are an extremely valuable tool for the marketing of brands.
    Like all other tools, promotions can make a valuable contribution to marketing
       when they are properly used.
    Promotions are offered to the customers to get the sales and to increase their
       market share
    The short term promotions are towards increasing the sales and the long term
       sales are towards increasing the customer base.




WHEN TO USE PROMOTION

    A brands quality is inferior to competition
    A brands advertising is not as persuasive as competitive
    A new brand is being introduced




BABASAB PATIL PROJECT REPORT OF MARKETING                                          Page 6
           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


The Belgaum population is experiencing the new trend of shopping. Big Bazaar is known
for its promotions .This survey was conducted to study the “Effectiveness of
Promotional offers at Big Bazaar, Belgaum”.

The main objectives to carry out these topics at Big Bazaar are as follows:



    To test the effectiveness of the communication of the offers to the consumers
    To test the awareness level among public with respect to offers of Big Bazaar
    To assess the attractiveness of the offers to customers at Big Bazaar
    To find out the competitive differences of Big Bazaar with other Retail
       competitors.


SAMPLING


   Data Source                :      Primary Data
                                     (From questionnaire and personal
                                     interaction)
                                     Secondary data –Website,
   Research approach          :      Survey method
   Research Instrument        :      Questionnaire
   Sample plan                :      Personal Interview
   Sample unit                :      Customers of Big Bazaar
   Sampling method            :      Convenience sampling
   Sample Size                :      250 customers




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           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




       INDUSTRY PROFILE




Retail Sector in India


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            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




Retail is booming sector in India. Retail, one of India’s largest industries, has presently
emerged as one of the most dynamic and fast paced industries with several players
entering the market. Retail Accounts for over 10 per cent of the country’s GDP and
around eight per cent of the employment in India.

As the contemporary retail sector in India is reflected in sprawling shopping centers,
multiplex- malls and huge complexes offer shopping, entertainment and food all under
one roof, the concept of shopping has altered in terms of format and consumer buying
behavior, ushering in a revolution in shopping in India. This has also contributed to large
scale investments in the real estate sector with major national and global players
investing in developing the infrastructure and construction of the retailing business. The
trends that are driving the growth of the retail sector in India are

       Low share of organized retailing
       Falling real estate prices
       Increase in disposable income and customer aspiration
       Increase in expenditure for luxury items

Another credible factor in the prospects of the retail sector in India is the increase in the
young working population. In India, high pay-packets, nuclear families in urban areas,
along with increasing working-women population and emerging opportunities in the
services sector. These key factors have been the growth drivers of the organized retail
sector in India.




BABASAB PATIL PROJECT REPORT OF MARKETING                                            Page 9
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


The retailing configuration in India is fast developing as shopping malls are increasingly
becoming familiar in large cities. When it comes to development of retail space specially
the malls, the Tier II cities are no longer behind in the race.




India is being seen as a potential goldmine for retail investors from over the world and
India has the top destination for retailers for an attractive emerging retail market. India’s
vast middle class and its almost untapped retail industry are key attractions for global
retail giants wanting to enter newer markets. Even though India has well over 5 million
retail outlets, the country sorely lacks anything that can resemble a retailing industry in
the modern sense of the term. This presents international retailing specialists with a great
opportunity. The organized retail sector is expected to grow stronger than GDP growth in
the next five years driven by changing lifestyles, burgeoning income and favorable
demographic outline.




FDI in Retail Sector

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            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Retailing is the largest private sector industry in the world economy with the global
industry size exceeding $6.6 trillion and India is the top destination for retail investors.
And the further upsurge is anticipated in the retail sector as the Government of opened up
51% FDI in single brand retail outlets. And as the government is in a process to initiate a
second phase of reforms, it is cautiously exploring the avenues for multi-brand segment.
The Government is seeking for these options keeping in view the existing social
framework of India and the will ensure that the entry of global retail giants do not
displace the existing employment in the retail business.

Industry experts are sensitive to the point that local markets have an edge over the retail
investors in India as they have unique advantages such as an understanding of local needs
and extended service like home delivery. As the FDI influence on the Indian retail sector
sets in, the total size of the retail trade is expected to grow extensively in the coming
years and the consumer segments patronizing the big malls will create frenzy for
organized retailing predicting a growth of 25-30 per cent per annum over the next decade.
Moreover, Indian retail chains would get integrated with global supply chains since FDI
will bring in technology, quality standards and marketing thereby, leading to new
economic opportunities and creating more employment generation.

Industry trends for retail sector indicate that organized retailing has major impact in
controlling inflation because large organized retailers are able to buy directly from
producers at most competitive prices. World Bank attributes the opening of the retail
sector to FDI to be beneficial for India in terms of price and availability of products as it
would give a boost to food products, textiles and garments, leather products, etc., to
benefit from large-scale procurement by international chains; in turn, creating jobs
opportunities at various levels.




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         “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




      COMPANY PROFILE




Future Group


BABASAB PATIL PROJECT REPORT OF MARKETING                                Page 12
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Future Group is one of the country’s leading business groups present in retail, asset
management, consumer finance, insurance, retail media, retail spaces and logistics. The
group’s flagship company, Pantaloon Retail (India) Limited operates over 7 million
square feet of retail space, has over 1000 stores across 53 cities in India and employs
over 25,000 people. Some of its leading retail formats include, Pantaloons, Big Bazaar,
Central, Food Bazaar, Home Town, eZone, Depot, Future Money and online retail
format, futurebazaar.com.

Future Group companies includes, Future Capital Holdings, Future Generali India Indus
League Clothing and Galaxy Entertainment that manages Sports Bar, Brew Bar and
Bowling Co.

The group’s joint venture partners include Italian insurance major, Generali, French
retailer ETAM group, US-based stationary products retailer, Staples Inc and UK-based
Lee Cooper and India-based Talwalkar’s, Blue Foods and Liberty Shoes.

Future Group’s vision is to, “deliver Everything, Everywhere, Everytime to Every Indian
Consumer in the most profitable manner.” The group considers ‘Indian-ness’ as a core
value and its corporate credo is - Rewrite rules, Retain values.




CORPORATE STATEMENT


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Future Group Manifesto


“Future” – the word which signifies optimism, growth, achievement, strength, beauty,
rewards and perfection. Future encourages to explore areas yet unexplored, write rules
yet unwritten; create new opportunities and new successes. To strive for a glorious
future brings to us our strength, our ability to learn, unlearn and re-learn, our ability to
evolve.

Future Group will not wait for the Future to unfold itself but create future scenarios in
the consumer space and facilitate consumption because consumption is development.
Thereby, will effect socio-economic development for our customers, employees,
shareholders, associates and partners.




Group Vision




BABASAB PATIL PROJECT REPORT OF MARKETING                                           Page 14
              “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Future Group shall deliver Everything, Everywhere, Every time for Every Indian
Consumer in the most profitable manner.


Group Mission


The group shares the vision and belief that their customers and stakeholders shall be
served only by creating and executing future scenarios in the consumption space leading
to economic development.

The group will be the trendsetters in evolving delivery formats, creating retail realty,
making consumption affordable for all customer segments – for classes and for masses.

The group shall infuse Indian brands with confidence and renewed ambition.

The group shall be efficient, cost-conscious and committed to quality in whatever been
done.

The group shall ensure that positive attitude, sincerity, humility and united determination
shall be the driving force to be successful.


Core Values


        Indianness: Confidence in ourselves.
        Leadership: To be a leader, both in thought and business.
        Respect & Humility: To respect every individual and be humble in our conduct.
        Introspection: Leading to purposeful thinking.
        Openness: To be open and receptive to new ideas, knowledge and information.
        Valuing and Nurturing Relationships: To build long term relationships.
        Simplicity & Positivity: Simplicity and positivity in our thought, business.
        Adaptability: To be flexible and adaptable, to meet challenges.


COMPANY TIMELINE


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        “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.



 Major Milestones

1987    Company incorporated as Manz Wear Private Limited. Launch of
        Pantaloons trouser, India’s first formal trouser brand.
1991    Launch of BARE, the Indian jeans brand.
1992    Initial public offer (IPO) was made in the month of May.
1994    The Pantaloon Shoppe – exclusive menswear store in franchisee format
        launched across the nation. The company starts the distribution of branded
        garments through multi-brand retail outlets across the nation.
1995    John Miller – Formal shirt brand launched.
1997    Pantaloons – India’s family store launched in Kolkata.
2001    Big Bazaar, ‘Is se sasta aur accha kahi nahin’ - India’s first hypermarket
        chain launched.
2002    Food Bazaar, the supermarket chain is launched.
2004    Central – ‘Shop, Eat, Celebrate In The Heart Of Our City’ - India’s first
        seamless mall is launched in Bangalore.
2005    Fashion Station - the popular fashion chain is launched

        aLL – ‘a little larger’ - exclusive stores for plus-size individuals is launched

2006    Future Capital Holdings, the company’s financial arm launches real estate
        funds Kshitij and Horizon and private equity fund Indivision. Plans forays
        into insurance and consumer credit.

        Multiple retail formats including Collection i, Furniture Bazaar, Shoe
        Factory, EZone, Depot and futurebazaar.com are launched across the nation.

        Group enters into joint venture agreements with ETAM Group and Generali.




BOARD OF DIRECTORS



BABASAB PATIL PROJECT REPORT OF MARKETING                                         Page 16
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Mr. Kishore Biyani, Managing Director

Kishore Biyani is the Managing Director of Pantaloon Retail (India) Limited and the
Group Chief Executive Officer of Future Group.



Mr. Gopikishan Biyani, Wholetime Director
Gopikishan Biyani, is a commerce graduate and has more than twenty years of
experience in the textile business.


Mr. Rakesh Biyani, Wholetime Director
Rakesh Biyani, is a commerce graduate and has been actively involved in category
management; retail stores operations, IT and exports. He has been instrumental in the
implementation of the various new retail formats.


Mr. Ved Prakash Arya, Director
Ved Prakash Arya, is an engineer by training and is a graduate of the Indian Institute of
Management, Ahmedabad. Prior to joining Pantaloon Retail, he was the CEO of Globus.


Mr. Shailesh Haribhakti, Independent Director
Shri Shailesh Haribhakti, is a Chartered Accountant, Cost Accountant, and a Certified
Internal Auditor. He is the Deputy Managing Partner of Haribhakti & Co., Chartered
Accountants and past president of Indian merchant Chambers. He is on the Board of
several Public Limited Companies, including Indian Petrochemicals Corporation Ltd.,
Ambuja Cement Eastern Ltd. etc. He is on the Board of Company since June 1, 1999.


Mr. S Doreswamy, Independent Director
S. Doreswamy, is a former Chairman and Managing Director of Central Bank of India
and serves on the board of DSP Merrill Lynch Trustee Co and Ceat Limited among




PANTALOONS FORE RAY

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           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


1. Depot
Books, Music & Gifts

  Depot is one of the youngest brands from the Pantaloon stable and is a tribute to our
  freedom of thought, speech and expression shared in a novel fashion with customers
  as books, multimedia, toys, stationary and gifts.

  At Depot, book lovers are offered a range of books that meet the needs and preference
  of every age group. From fiction to general reference, management and children’s
  material, you will find it all at Depot. Music buffs are invited to select from a wide
  category of music CDs and cassettes.




  2. Futurebazaar.com


  Futurebazaar.com offers the widest range of products at ‘lowest prices – everyday!’

  Having pioneered the retailing business in India, Futurebazaar.com has now decided
  to revolutionize the consumer e-commerce business in India. It intends to provide
  customers with a streamlined, efficient and world class personalized shopping
  experience, which will be supported with the best technology platform.

  Future Bazaar has been named as the Best Indian Website 2007 in the Shopping
  category by PC World.

  Future Bazaar won the top spot after beating other established players like Rediff,
  Indiatimes, Sify, ebay, Indiaplaza, Chennai Bazaar and India Mall. The award was
  presented to Future Bazaar for its "decent, no-nonsense approach, while providing a
  good shopping experience".




BABASAB PATIL PROJECT REPORT OF MARKETING                                       Page 18
             “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


3. Navaras



Navaras, a fine 22 carat pure gold and diamond jewellery brand, is retailed from Big
Bazaar stores.Future Group has revolutionized the Indian jewellery market with the
launch of Navaras, which offers branded, pure and design differentiated jewellery at
competitive prices in a hypermarket set-up in line with the evolving buying behaviour of
consumers. The rationale behind this is that with higher disposable incomes, for
consumers today gold and other jewellery purchases too have become impulsive buying
activities. Hence, Navaras within Big Bazaar. Navaras offers a complete fine jewellery
shopping experience, despite being within the confines of a hyper market.

4. TOP 10




Top 10, the cool offering from Future Group, offers the latest in fashion and style. This
format is based on the concept of the ever popular countdown shows, where the trendiest
styles get ranked from 1 to 10; the highest selling item gets the highest ranking!

Keeping pace with fast changing fashion needs, Top 10 stores empowers the youth to
make a distinctive fashion statement through easily affordable apparel collections and
accessories.

Top 10 stores stock a wide range of Message Tees , Fashion Tees ,Cool Tees (for guys
and gals), casuals, cargoes, sports wear & skirts. A unique offering of this format are
T-shirts with college names printed on them, wherein one can vote for one’s college
name and get one’s college name products custom-made.




BABASAB PATIL PROJECT REPORT OF MARKETING                                            Page 19
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


5. Tulsi
The medical bazaar



Tulsi the Medicine Bazaar is a pharmacy housed within Big Bazaars and Food Bazaars at

over 35 locations all over India .
Aiming to offer outstanding professional service from a caring and friendly environment.
We are prepared to go the extra mile or provide that little extra guidance and to care for
your needs through our Healthcare enquiry system.




6. Mr. RIGHT


Future Services brings Mr. Right - a reliable resource who is always ready to perform any
task or attend to any requirement. For the very first time in India Be it fixing plumbing to
providing serious financial advice, no job is too big or small.


Mr. Right is envisaged to be a one stop solution for all the service needs and will offer
various innovative services. Mr. Right will operate in the following service categories -
Utility services, Home Improvement, Travel, Event & Wedding Planning, Beauty &
Wellness and Advisory Services. Currently offering services like Home Cleaning, Pest
Control, Travel & Helpmate. Soon to launch Astrology, Shoe laundry, Help@home




BABASAB PATIL PROJECT REPORT OF MARKETING                                           Page 20
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


7. Pantaloons Fresh fashion


Pantaloons Fresh Fashion stands out as a fashion trendsetter, on the lines of how fashion
is followed internationally. The ‘look’ and ‘what’s in’ today for the season is sacrosanct.

Pantaloons takes its promise of 'fresh fashion' very seriously making available to its
customers the latest in fashion every week!

All Pantaloons stores reflect the new ideology -- Fresh Feeling, Fresh Attitude, Fresh
Fashion. The stores offer fresh collections and are visually stimulating thanks to
appealing interiors and attractive product display!

The first Pantaloons was opened in Gariahat in 1997. Over the years, it has undergone
several transitions. When it was first launched, this store mostly sold external brands.
Gradually, it started retailing a mix of external brands while at the same time introduced
its own private brands. Initially positioned as a family store, it finally veered towards
becoming a fashion store with an emphasis on 'youth' and clear focus on ‘fresh fashion’.


8. aLL


aLL houses a wide range of ready-to-wear fashionable clothes and accessories that are
otherwise not easily available for plus size customers. aLL brings forth a wide collection
of stylish clothing to select from, be it Western wear, Indo-western or Ethnic wear in both
Formal and Casual categories. aLL also offers matching accessories like belts, ties, and

handbags in a perfect size and fit. The stores are aesthetically and sensitively designed to

cater to this niche set of customers who love the open wide spaces, clean cut lines, pastel
colours that make up the inviting store layout and the even more remarkable customer
friendly staff that are present to assist them in every way.




BABASAB PATIL PROJECT REPORT OF MARKETING                                          Page 21
             “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


9. Central



Launched in May'04 at Bangalore, Central is a showcase, seamless mall and the first of
its kind in India. The thought behind this pioneering concept was to give customers an
unobstructed and a pure shopping experience and to ensure the best brands in the Indian
market are made available to the discerning Indian customer.

Central offers everything for the urban aspirational shopper to shop, eat and celebrate.
Located in the heart of the city, Central believes its customers should not have to travel
long distances to reach us; instead we must be present where customers frequently visit.

Central houses over 300 brands across categories, such as apparel, footwear and
accessories for women, men, children and infants, apart from a whole range of Music,
Books, Coffee Shops, Food Courts, Super Markets (Food Bazaar), Fine Dining
Restaurants, Pubs and Discotheques. The mall also has a separate section for services
such as Travel, Finance, Investment, Insurance, Concert/Cinema Ticket Booking, Bill
Payments and other miscellaneous services. In addition, Central houses Central Square,
a dedicated space for product launches, impromptu events, daring displays, exciting
shows, and art exhibitions.




10. Fashion Station

Fashion Station is the company's offering from their value retail platform. A thematic
store, Fashion Station is an attempt to offer fashion forward products to the mass market.
Called a first of its kind fashion destination, Fashion Station houses a wide selection of
trendy apparels. The USP of the store is 'Fashion that fits your budget', which translates
to great deals on apparel & accessories for Men, Women and Children.




BABASAB PATIL PROJECT REPORT OF MARKETING                                           Page 22
           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


11. Food Bazaar

  Food Bazaar invites you for a shopping experience, unique by its ambience. At Food
  Bazaar you will find a hitherto unseen blend of a typical Indian Bazaar and
  International supermarket atmosphere.

  Flagged off in April’02, Food Bazaar is a chain of large supermarkets with a
  difference, where the best of Western and Indian values have been put together to
  ensure your satisfaction and comfort while shopping.

  The western values of convenience, cleanliness and hygiene are offered through pre
  packed commodities and the Indian values of "See-Touch-Feel" are offered through
  the “bazaar-like” atmosphere created by displaying staples out in the open, all at very
  economical and affordable prices without any compromise on quality.




12. Blue Sky



Blue Sky is a national chain of stores offering a wide selection of branded and private
label sunglasses and watches. Blue Sky has been designed to address an exciting and
growing market for accessories. Customers get a wide and interesting collection of

fashion brands from across the world.




13. Star & Sitara

BABASAB PATIL PROJECT REPORT OF MARKETING                                        Page 23
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Star & Sitara, a unique beauty salon for men and women, introduces many new features
and products for the first time in India. At Star & Sitara we aim to democratise salon
services for easy access to all and deliver quality service at very affordable prices. Star
& Sitara evokes a theme of Bollywood and promises to make you a Star (Sitara in
Hindi) The space, décor, lighting is reminiscent of movies and will transport you from
the ordinary world to that of the ‘reel’ world.

Star & Sitara provides all skin and hair related beauty service. The salon is spacious and
the atmosphere relaxed. Men, women and children can easily find a service to cater to
their need. But the focal and niche element of our salon is the affordable and attractive
pricing.




 14. Big Bazaar




  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 the
  Indian customers.

  At Big Bazaar, you will definitely get the best products at the best prices - that’s what
  we guarantee. With the ever increasing array of private labels, it has opened the doors
  into 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. Big Bazaar plans to add much more to complete
  your shopping expereince.




BABASAB PATIL PROJECT REPORT OF MARKETING                                          Page 24
           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




INTRODUCTION OF TOPIC




Title of Project: “Effectiveness of Promotional offers at Big Bazaar, Belgaum”


BABASAB PATIL PROJECT REPORT OF MARKETING                                   Page 25
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Meaning


Promotion is an important marketing force that provides extra incentives for short term
sales. Promotion plays an important role with advertisements and selling efforts.



The role and mechanics of promotion

Promotions are an extremely valuable tool for the marketing of goods. Like all other
tools, promotions can make a valuable contribution to marketing.



Promotion function: The function of promotion is to accelerate action stated by other
marketing activities. Promotion acts as a catalyst to accelerate action, primarily on the
part of the consumer. It supplements, but is not a substitute for, advertising and selling
efforts.


Promotion accelerates action by changing the price – value relationship of the brand


Every product has an established value in the minds of the consumer. This is what the
consumer is normally willing to expend (in money) for what he gets, or thinks be gets,
when he buys the product.




Promotion changes this price-value relationship to the point where the individual is
stimulated to take a desired action. It does this in most cases either by lowering the price
or by increasing the value of the product or both


When to use promotion:


The need for promotion varies because


BABASAB PATIL PROJECT REPORT OF MARKETING                                           Page 26
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


1. A brand’s quality is inferior to competition;
2. A brand’s advertising is not as persuasive as competitive copy; or
3. A new brand is being introduced




Promotion’s role in the life cycle of a brand


At each stage in a brand’s life cycle a different degree of promotional
emphasis is required.


New Product: A new product can usually profit from substantial promotion support – if
the product, the advertising, distribution and price are right.


The promotion can truly perform its function of accelerating trial and purchase of a brand
whose value has not yet been fully established in the minds of all consumers. Although
good advertising on a new brand will persuade many consumers to try the brand, it is not
likely to persuade every logical prospect to take immediate action. Though the
advertising does not quickly move to action require an extra incentive, such as a free
sample or coupon or some other device that increases the value of the brand, or lowers its
price, to the point where the prospect decides to buy it. If the product is of good quality,
promotion thus helps to establish its value quickly in the minds of more people.




Growing Brand: There are indications, incidentally, that many new brands (but not all)
reach their share-of-market peak within six months to a year after the completion of their
BABASAB PATIL PROJECT REPORT OF MARKETING                                          Page 27
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


introduction. This leads to the conclusion that a brand of proven product and advertising
copy superiority would be well advised to meet maximum trial during the introductory
period by spending heavily in the advertising media and on the promotional devices that
are most effective in reaching the brand’s best longterm prospective consumers.
Investment at the highest practicable level in effective advertising and promotion during
the introductory stage, therefore – by quickly achieving a high franchise level – can
establish a business that is less vulnerable to competition and that returns higher level of
profit in the following years.




Stable Brand: An established, growing brand generally requires minimal promotion
support, usually of a selective nature. The product and its advertising are still equal to or
better than competition. A high proportion of potential customers have tried the brand
And many have become more or less regular users.




In such a healthy situation, the job that promotion has to do usually is much narrower and
more specialized. It can be used for such specific purposes as improving distribution on
large sizes, attracting new users from fringe groups or areas where usage levels are below
potential, or increasing the consumption among present users. Total promotion
expenditures, however, can be cut back to levels that generate optimum profits – so long
as   the    brand    continues     to   represent    superior    value    for    the     price.




BABASAB PATIL PROJECT REPORT OF MARKETING                                              Page 28
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Declining Brand: A mature, stable brand may need increased promotional support as
competition begins to match it in product quality and in the persuasiveness of its
advertising copy, or as the brand reaches its natural franchise level. When this happens,
Growth ceases, sales and share level off.




A declining brand may need much heavier promotion support as it becomes old and out-
dated by new or improved competitive brands. Efforts to improve the brand’s quality and
its advertising copy to equal competition may have been unsuccessful. Increasing the
advertising appropriation may not help – and may, in fact, merely reduce profits.




BABASAB PATIL PROJECT REPORT OF MARKETING                                          Page 29
          “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


MAJOR TYPES OF CUSTOMER PROMOTIONS




  1.Sampling: Distribution of free special or regular size package to consumers




  2.Couponing: Distribution of certificates with a stated monetary or merchandize value
  which the consumer redeems through a retailer towards the purchase of the
  specified item.




  3. Demonstrations: An illustration or demonstration of how a product is prepared
  and/or used, frequently involving consumer tasting of food products and usually
  involving the presence of a home economist or other trained representative.


  4. Price packs: Offers to consumers of savings off the regular price of a product,
  flagged on the label. Ex: A reduced price packs.


  5. Free trials: Inviting customers for free trials of products without cost.




BABASAB PATIL PROJECT REPORT OF MARKETING                                        Page 30
        “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




RESEARCH METHODOLOGY




BABASAB PATIL PROJECT REPORT OF MARKETING                               Page 31
           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


                             TITLE OF THE PROJECT


“Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


OBJECTIVES
    To test the effectiveness of the communication of the offers to the consumers
    To test the awareness level among public with respect to offers of Big Bazaar
    To assess the attractiveness of the offers to customers at Big Bazaar
    To find out the competitive differences of Big Bazaar with other Retail
       competitors.


RESEARCH METHODOLOGY


Data Source                  :       Primary Data
                                    (From questionnaire and personal
                                     interaction)
                                    Secondary data –Website,
Research approach            :       Survey method.
Research Instrument          :       Questionnaire
Sample plan                  :       Personal Interview
Sample unit                  :       Customers of Big Bazaar
Sampling method              :       Convenience sampling
Sample Size                  :       250 customers


DURATION OF PROJECT
Duration of the Project 10th Dec 2007 to 27th April 2008.




LIMATATION OF STUDY

      Customers did not respond, so I had to find many customers for survey

BABASAB PATIL PROJECT REPORT OF MARKETING                                      Page 32
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




                                 HYPOTHESIS TESTS


1) Hypothesis testing for attractiveness of customers to offers and inducement for
purchase


HO: More than 65% of the customers are attracted to promotional offers & are induced to
make purchases
H1: More than 65% of the customers are not attracted to promotional offers & are not
induced to make purchases




2) Hypothesis testing for price better compared to other retail shops


HO: More than 85% of the customers find price better than other retail stores
H1: More than 85% of the customers do not find price better than other retail stores



The hypothesis test was carried out and the results are put into Annexure




BABASAB PATIL PROJECT REPORT OF MARKETING                                         Page 33
           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




                               GRAPHS AND FINDINGS

Concept: To survey whether the customers visiting at Big Bazaar are aware of the
Promotional offers

                                              Table No: 1

                   Are you aw are of prom otional offer s at Big Baz aar

                                                                          Cumulativ e
                            Frequenc y         Percent    Valid Percent    Percent
           Valid    Yes           210              84.0            84.0         84.0
                    No             40              16.0            16.0        100.0
                    Total         250             100.0          100.0




                                          Graph No: 1




                     Are you aware of promotional offers at Big Bazaar

                                                                                  Yes
                                                                                  No




                            16.00%




                                     84.00%




BABASAB PATIL PROJECT REPORT OF MARKETING                                               Page 34
             “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Interpretation: Majority (84%) of the customers surveyed were aware of the
Promotional offers at Big Bazaar




Concept: To study mode of communicating promotional offers to the customers


                                        Table No: 2

                   What w as the m ode of Com m unication

                                                                   Cumulativ e
                           Frequenc y   Percent    Valid Percent    Percent
  Valid      TV                   35        14.0            16.7         16.7
             New s Paper         136        54.4            64.8         81.4
             Hordings             39        15.6            18.6        100.0
             Total               210        84.0          100.0
  Mis sing   System               40        16.0
  Total                          250       100.0




                                        Graph No: 2




BABASAB PATIL PROJECT REPORT OF MARKETING                                        Page 35
                       “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.



                       What was the mode of Communication
                  70

                                                           65
                  60


                  50


                  40


                  30


                  20
                                                                                    19
                                        17
Percent




                  10

                   0
                                        TV             News Paper             Hordings


                       What was the mode of Communication


          Interpretation: News paper was the most effective mode for communication, followed
          by hoardings and TV advertisements.




          Concept: To check the alertness of customers towards the announcements made at Big
          Bazaar during shopping



                                                      Table No: 3
                            Did you notice /he ar about the Prom otional offe rs Today

                                                                                         Cumulativ e
                                         Frequenc y    Percent      Valid Percent         Percent
                        Valid   Yes            232         92.8              92.8              92.8
                                No              18          7.2               7.2             100.0
                                Total          250        100.0            100.0




                                                      Graph No: 3




          BABASAB PATIL PROJECT REPORT OF MARKETING                                                    Page 36
             “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




                        Did you notice/hear about the Promotional offers Today

                                                                                          Yes
                                                                                          No

                                        7.20%




                                            92.80%




Interpretation: Promotional offers are noticed and heard by the customers during their
shopping




Concept: To study frequency the sample customers visited Big Bazaar

                                            Table No: 4

                             How frequently you visit Big Bazaar

                                                                                     Cumulative
                                       Frequency          Percent    Valid Percent    Percent
     Valid    Occasionally                           9         3.6             3.6              3.6
              Once in a month                        42       16.8            16.8          20.4
              Once in a week                    163           65.2            65.2          85.6
              Daily                                  4         1.6             1.6          87.2
              As and when required                   32       12.8            12.8         100.0


BABASAB PATIL PROJECT REPORT OF MARKETING                                                       Page 37
                   “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


                    Total                                 250           100.0       100.0



                                                       Graph No: 4


                                   How frequently you visit Big Bazaar




              60
    Percent




              40


                                                           65.20%




              20



                                          16.80%
                                                                                       12.80%

                        3.60%
                                                                            1.60%
               0
                     Occasionaly     Once in a month   Once in a week       Daily   As and when
                                                                                      required
                                       How frequently you visit Big Bazaar




Interpretation: 65% of the customers visit Big Bazaar once in a week, either on
Wednesday or week ends, followed by customers visiting once in a month and as and
when required.




Concept: Effectiveness of promotional offers inducing the customers to make purchases

                                                       Table No: 5




BABASAB PATIL PROJECT REPORT OF MARKETING                                                         Page 38
                           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.



          Prom otional offers at Big Baz aar are attractive and induce m e to m ake a purchase

                                                                                       Cumulativ e
                                           Frequenc y       Percent    Valid Percent    Percent
              Valid    Strongly Agree             65            26.0            26.0         26.0
                       Agree                     100            40.0            40.0         66.0
                       Neither Agree/Nor
                                                  56            22.4           22.4             88.4
                       Dis-agree
                       Dis-agree                  29           11.6            11.6         100.0
                       Total                     250          100.0           100.0




                                                        Graph No: 5


                           Promotional offers at Big Bazaar are attractive and induce me t
                      50



                      40
                                                       40


                      30

                                     26

                      20                                               22




                      10                                                               12
Percent




                      0
                                Strongly Agree     Agree       Neither Agree/Nor Di Dis-agree


                           Promotional offers at Big Bazaar are attractive and induce me to make a



           Interpretation: 26% strongly agree, 40% agree, 22% neither agree nor dis-agree and
           remaining customers dis-agree




           Concept: To study customers preferences of the commodities

           BABASAB PATIL PROJECT REPORT OF MARKETING                                                   Page 39
                   “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.



                                                     Table No: 6
                           Rank the pr oducts that you e xpect prom otional offe rs

                                                                                         Cumulativ e
                                             Frequenc y   Percent       Valid Percent     Percent
                Valid    Clothing                  125        50.0               50.0          50.0
                         Groc eries                 80        32.0               32.0          82.0
                         Elec tronic items          32        12.8               12.8          94.8
                         Furnitures                 13         5.2                5.2         100.0
                         Total                     250       100.0             100.0




                                                    Graph No: 6




                        Rank the products that you expect promotional offers


           50




           40




           30
 Percent




                           50.00%



           20

                                                32.00%




           10

                                                                     12.80%


                                                                                          5.20%

            0
                          Clothing            Groceries       Electronic items          Furnitures
                             Rank the products that you expect promotional offers


Interpretation: Customers preferred clothing followed by groceries, electronic items and
furnitures




BABASAB PATIL PROJECT REPORT OF MARKETING                                                              Page 40
           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.


Concept: To study whether customers availed benefit of promotional offers

                                           Table No: 7

                    Have you availe d any offe rs during your r ece nt vis it

                                                                            Cumulativ e
                             Frequenc y       Percent       Valid Percent    Percent
            Valid    Yes           214            85.6               85.6         85.6
                     No             36            14.4               14.4        100.0
                     Total         250           100.0             100.0




                                          Graph No: 7




                               Have you availed any offers during your recent visit

                                                                                              Yes
                                                                                              No



                                          14.40%




                                                   85.60%




Interpretation: Majority (85%) of customers availed benefit of promotional offers




BABASAB PATIL PROJECT REPORT OF MARKETING                                                 Page 41
              “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.



Concept: What did you opt for?

The customers may go in for Free offers or discount offers. To study the customers
preference of offers this question was asked.



                                             Table No: 8
                                 What did you opt for

                                                                        Cumulativ e
                                Frequenc y   Percent    Valid Percent    Percent
  Valid       Disc ount of f er        91        36.4            42.5         42.5
              Free of f er            123        49.2            57.5        100.0
              Total                   214        85.6          100.0
  Mis sing    System                   36        14.4
  Total                               250       100.0




                                             Graph No: 8

                                    What did you opt for


             Missing




                                                                              Discount offer




             Free offer




Interpretation: 49% of the customers availed Free offers 36% availed Discount offers.

BABASAB PATIL PROJECT REPORT OF MARKETING                                                 Page 42
           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




Concept: Did customers communicate benefit of promotional offers to their friends and
relatives


                                                 Table No: 9
               Do you com m unicate offers at Big Baz aar to your friends

                                                                             Cumulativ e
                              Frequenc y          Percent    Valid Percent    Percent
            Valid     Yes           218               87.2            87.2         87.2
                      No             32               12.8            12.8        100.0
                      Total         250              100.0          100.0




                    Do you communicate offers at Big Bazaar to your friends

                                                                                      Yes
                                                                                      No



                               12.80%




                                        87.20%




                                             Graph No: 9




BABASAB PATIL PROJECT REPORT OF MARKETING                                                   Page 43
           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




Interpretation: Majority (87%) of customers did communicate benefits of promotional
offers to their friends and relatives.




Concept: Where do you find the following better?

   1. Price

   2. Quality

   3. Product range

   4. Promotional offers

   5. Ambience




BABASAB PATIL PROJECT REPORT OF MARKETING                                    Page 44
           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




Concept: Price
                                       Table No: 10

                                            Price

                                                                           Cumulativ e
                                   Frequenc y   Percent    Valid Percent    Percent
       Valid   Big Bazaar                215        86.0            86.0         86.0
               Other retail stores        35        14.0            14.0        100.0
               Total                     250       100.0          100.0




                                       Graph No: 10




BABASAB PATIL PROJECT REPORT OF MARKETING                                            Page 45
                    “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.



                                                        Price


              100




               80




               60
    Percent




                                       86.00%
               40




               20


                                                                                14.00%


                0
                                     Big Bazaar                           Other retail stores
                                                           Price




Interpretation: 86% of customers find price better compared to other retail stores



Concept: Quality


                                                  Table No: 11

                                                     Quality

                                                                                         Cumulativ e
                                           Frequenc y    Percent    Valid Percent         Percent
              Valid    Big Bazaar                190         76.0            76.0              76.0
                       Other retail stores        60         24.0            24.0             100.0
                       Total                     250        100.0          100.0




                                                  Graph No: 11

BABASAB PATIL PROJECT REPORT OF MARKETING                                                          Page 46
                     “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




                                                         Quality


                80




                60
      Percent




                40
                                         76.00%




                20


                                                                                 24.00%




                 0
                                      Big Bazaar                           Other retail stores
                                                            Quality




Interpretation: Quality at Big Bazaar is good as compared to other retail stores


Concept: Product Range


                                                   Table No: 12



                                                      Range

                                                                                           Cumulativ e
                                            Frequenc y     Percent    Valid Percent         Percent
          Valid         Big Bazaar                240          96.0            96.0              96.0
                        Other retail stores        10           4.0             4.0             100.0
                        Total                     250         100.0          100.0




BABASAB PATIL PROJECT REPORT OF MARKETING                                                            Page 47
                      “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




                                                       Range


                100




                 80




                 60
      Percent




                                        96.00%


                 40




                 20




                                                                          4.00%
                  0
                                      Big Bazaar                   Other retail stores
                                                          Range




                                                   Graph No: 12

Interpretation: (96)% of Customers feel product range good at Big Bazaar




Concept: Promotional offers


                                                   Table No: 13




BABASAB PATIL PROJECT REPORT OF MARKETING                                                Page 48
                      “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.



                                                        Offers

                                                                                            Cumulativ e
                                             Frequenc y     Percent    Valid Percent         Percent
          Valid          Big Bazaar                218          87.2            87.2              87.2
                         Other retail stores        32          12.8            12.8             100.0
                         Total                     250         100.0          100.0




                                                     Graph No: 13



                                                          Offers


                100




                 80




                 60
      Percent




                                          87.20%
                 40




                 20



                                                                                  12.80%

                  0
                                        Big Bazaar                          Other retail stores
                                                             Offers



Interpretation: Promotional offers are good compared to other retail stores




Concept: Ambience
                                                     Table No: 14


BABASAB PATIL PROJECT REPORT OF MARKETING                                                             Page 49
                      “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




                                                    Am bience

                                                                                              Cumulativ e
                                              Frequenc y   Percent    Valid Percent            Percent
                  Valid   Big Bazaar                242        96.8            96.8                 96.8
                          Other retail stores         8         3.2             3.2                100.0
                          Total                     250       100.0          100.0




                                                   Ambience


            100




             80




             60
  Percent




                                        96.80%


             40




             20




                                                                               3.20%
              0
                                      Big Bazaar                        Other retail stores
                                                       Ambience

                                                   Graph No: 14


Interpretation: Majority (97%) of the customers find Ambience very good




BABASAB PATIL PROJECT REPORT OF MARKETING                                                               Page 50
           “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




Concept: To study whether Customers feel like coming to Big Bazaar to avail the
benefits of the offers


                                             Table No: 15

                     Do offe rs m ak e you fe e l lik e vis iting Big Bazaar

                                                                           Cumulativ e
                              Frequenc y        Percent    Valid Percent    Percent
             Valid   Yes            226             90.4            90.4         90.4
                     No              24              9.6             9.6        100.0
                     Total          250            100.0          100.0




                                             Graph No: 15



                             Do offers make you feel like visiting Big Bazaar

                                                                                         Yes
                                                                                         No


                                     9.60%




                                             90.40%




Interpretation: Majority (90%) of customers are attracted to offers and hence they will
shop frequently at Big Bazaar

BABASAB PATIL PROJECT REPORT OF MARKETING                                                      Page 51
        “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




                     FINDINGS




BABASAB PATIL PROJECT REPORT OF MARKETING                               Page 52
          “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




     Majority (84%) of the customers surveyed were aware of the Promotional offers
      at Big Bazaar
     Newspaper was the most effective mode for communication, followed by
      hoardings and TV advertisements.
     Promotional offers are noticed and heard by the customers during their shopping

     65% of the customers visit Big Bazaar once in a week, either on Wednesdays or
      week ends, followed by customers visiting once in a month and as-and-when
      required.


     26% strongly agree, 40% agree, 22% neither agree nor disagree and remaining
      customers disagree

     Customers preferred clothing followed by groceries, electronic items and
      furnitures


     Majority (85%) of customers availed benefit of promotional offers

     49% of the customers availed Free offers 36% availed Discount offers.


     Majority (87%) of customers did communicate benefits of promotional offers to
      their friends and relatives.

     86% of customers find price better compared to other retail stores


     Customers found Quality at Big Bazaar good as compared to other retail stores

     Customers feel product range good at Big Bazaar


     Promotional offers are good compared to other retail stores as per the customers




BABASAB PATIL PROJECT REPORT OF MARKETING                                       Page 53
        “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




             SUGGESTIONS




BABASAB PATIL PROJECT REPORT OF MARKETING                               Page 54
         “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




   16% of the surveyed customers were not aware of promotional offers, so the
     Company should ensure that maximum customers know about promotional offers
     visiting Big Bazaar and there should make aware of offers to general public.


   34% of the customers are not attracted to promotional offers because of short
     range of electronic items and some doubt the quality of the products on which
     promotional offers are declared. The Company should take note of this.




   Some customers are disappointed because of short period of promotional offers as
     they visit Big Bazaar after the offer period is over. Such customers should be
     convinced that similar offers would be declared soon.


   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 furnitures


   The promotional offers on Wednesdays can also be extended to Tuesdays and
     Sundays so that more number of customers will get benefit of the offers and thus
     sales increase.


   The employees of Big Bazaar should be discouraged to take the benefit of offers
     which are meant for customers




BABASAB PATIL PROJECT REPORT OF MARKETING                                       Page 55
          “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




                        CONCLUSION

   Promotional offers play an important role to increase the sales in short terms


   Belgaum population is experiencing a new pattern of shopping




   The customer buying pattern has changed with the introduction of Big Bazaar in
     Belgaum


   The foot fall has increased at Big Bazaar




   Customers are exposed to new brands and they are becoming brand savvy




BABASAB PATIL PROJECT REPORT OF MARKETING                                      Page 56
        “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




                 ANNEXURES




BABASAB PATIL PROJECT REPORT OF MARKETING                               Page 57
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




BIBLIOGRAPHY

Books

       Business Statistics – G.C. Berry

       Advertisement and Promotion – Belch & Belch

       Marketing Management – Philip Kotler



Websites

       www.pantaloon.com

       www.indiainbusiness.nic.in




BABASAB PATIL PROJECT REPORT OF MARKETING                                   Page 58
               “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.




                                       HYPOTHESIS TESTING


Hypothesis testing for attractiveness of customers to offers and inducement for purchase


HO: More than 65% of the customers are attracted to promotional offers & are induced to
make purchases
H1: More than 65% of the customers are not attracted to promotional offers & are not
induced to make purchases


Z=   P-P
     sigma P

      P=0.65              (1-P)=0.35
      N=250               N-1=249


      P = X/N

        =          Favoring
                     N

        = 165             =0.66
          250

Sigma P =                P(1-P)/N-1



        =                0.65x 0.35/249


        =                0.00091365


        =      0.302

        Z= 0.66-0.65

               0.302

            = 0.03
BABASAB PATIL PROJECT REPORT OF MARKETING                                        Page 59
               “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.



Critical value K(=+1.64) and observed value is 0.03, which is less than critical value.
Therefore Accept Ho




Hypothesis testing for price better compared to other retail shops


HO: More than 85% of the customers find price better than other retail stores
H1: More than 85% of the customers do not find price better than other retail stores




Z=P - P
  Sigma P

      P=0.85                 (1-P)=0.15
      N=250                  N-1=249


      P = X/N

          = Favoring price as a factor
                           N

          = 215              =0.44
            250


      Sigma P =          P(1-P)/N-1




          =            0.85x 0.15/249


          =            0.00051205


          =        0.0226

          Z= 0.86-0.85

              0.0226

          = 0.44


BABASAB PATIL PROJECT REPORT OF MARKETING                                          Page 60
            “Effectiveness of Promotional offers at Big Bazaar, Belgaum”.



Critical value K(+1.64) and observed value is 0.44, which is less than critical value.
Therefore Accept Ho




BABASAB PATIL PROJECT REPORT OF MARKETING                                          Page 61

								
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