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INDEX
S. NO.
CONTENT
Chapter-1
Introduction
Chapter-2
Research Methodology
Meaning Of Research
Objective Of Study
Scope Of Study
Research Design
Data Collection
Sampling
Review Of Literature
Chapter-3
Limitations
MOTI SONS JEWELLERS Ltd.
Chapter-4
Chapter-5
Findings
Chapter-6
Bibliography
Annexure
ACKNOWLEDGEMENT
PG. NO.
I owe my thanks to all the various people helped me in making this project
successful. I am thankful to all people without whose help and guidance an effort
to do this work would not have been successful.
This project report instead of being an individual effort is a collective one where in
help from various quarters especially business and academic one have been
derived. The list of those providing a helping hand is quite comprehensive but it
would be pertinent to mention a few who have played a major role in completion
and preparation of the project and continue to have positive influence in my
thought process.
My special thanks go to Sir M.K Sharma,( DEAN ,faculty of commerce
&management), Dr. Ankita Gangwal Jain,(HEAD, dept. of HRM&IB),and Dr.
Seema Singh Rathore (Additional HEAD, dept of HRM& IB) under whose
guidance I have completed my project She was there to meet and talk about my
ideas and ask me good questions to help me think through my problems .
I would also like to thank my MR.Lalit Musal (Senior Manager-HR MOTISONS
JEWELLERS Ltd.) who helps me for guidance provided by, which help me to
complete my project.
At last I would like to thank my family and friends for unconditional support and
encouragement in completion of my project.
EKTA MIDDHA
PREFACE
CHAPTER - 1
INTRODUCTION
All of us are consumers. We consume things of daily use; we also consume
and buy these products according to our needs, preferences and buying power.
These can be consumable goods, durable goods, specialty goods or industrial
goods.
What we buy, how we buy, where and when we buy, in how much quantity we
buy depends on our perception, self concept, social and cultural background and
our age and family cycle, our attitudes, beliefs, values motivation, personality,
social class and many other factors that are both internal and external to us.
CONSUMER BEHAVIOR
Consumer behavior is the study of how people buy, what they buy, when
they buy and why they buy. It blends elements from psychology, sociology,
sociopsychology, anthropology and economics. It attempts to understand the
buyer decision processes/buyer decision making process, both individually and
in groups. It studies characteristics of individual consumers such as
demographics, psychographics, and behavioral variables in an attempt to
understand people's wants. It also tries to assess influences on the consumer
from groups such as family, friends, reference groups, and society in general.
Belch and Belch define consumer behavior as 'the process and activities
people engage in when searching for, selecting, purchasing, using, evaluating,
and disposing of products and services so as to satisfy their needs and desires'.
BUYER AN ENIGMA
Although it is important for the firm to understand the buyer and accordingly
evolve it marketing strategy, the buyer or consumer continues to be an enigma
sometimes responding the way the marketer wants and on other occasions just
refusing to buy the product from the same marketer. For this reason, ht buyers
mind has been termed as a black box, the marketer provides stimuli but he is
uncertain of the buyers response. This stimulus is a combination of product,
brand name, colour, style, packaging, intangible services, merchandizing, shelf
display, advertising, distribution, publicity and so forth.
Further todays customer is being greatly influenced by the media especially
electronic.
Technological
developments
in
the
field
of
information,
Attitudes
Information processing
The external influences or factors are:
Cultural influences
Sub-cultural influences
Social class influences
Social group influences
Family influences
Personal influences
Other influences
Economic Model
Psychological Model
Sociological Model
Sociological Model
Engel-Blackwell-Kollath Model
Nicosia Model
Surveys
This is the most common technique used in studying consumer behavior. It
involves the use of questionnaires. Different scaling techniques like Likert and
Thurstone are used to measure consumer attitudes. The problem with survey
methodology is that it gives to marketer only conscious response of the
customer.
Projective Techniques
To throw the customer off his or her conscious level and to get know subconscious-level responses, projective techniques like word association, picture
association and thematic appreciation tests have been used. This provides
valuable information on his or her product or brand and about the customers
lifestyle and self concept.
PURCHASE BEHAVIOR
We have seen that in many products, decision-making is a very lengthy
process, and takes a very long time. The problem is recognized and a lot of
information is gathered. After this is done, the last two stages of decisionmaking, that is, the purchase and post purchase come into play. Purchase is very
purchase behavior or the customers. Post purchase is the last phase in the
decision-making process.
CHAPTER - 2
RESEARCH METHODOLOGY
Research methodology is a way to systematically solve the research
problem. It may be understood as a science of studying how research is done
scientifically. The scope of research methodology is wider than that of research
methods. When we talk of research methodology we not only talk of research
methods but also consider the logic behind the methods we use in the context of
our research study and explain why we are using a particular method or
technique.
SCOPE OF STUDY
This study helps in finding out:
How the customers rate the various attributes in Moti sons as against other
competitors.
How effective has been the company in positioning Moti sons as a reputed
jewelry showroom.
How effective has the companys marketing strategy of low making charge,
with offering a whole lot of unique features provided in the market.
RESEARCH DESIGN
A research design is the arrangement of conditions for collection and
analysis of data in a manner that aims to combine relevance to the research purpose
with economy in procedure.
Research design is the conceptual structure within which research is
conducted; it constitutes the blueprint for the collection, measurement and analysis
of data.
The type of research design used in the project was Descriptive research,
because it helps to describe a particular situation prevailing within a company.
Careful design of the descriptive studies was necessary to ensure the complete
interpretation of the situation and to ensure minimum bias in the collection of data.
end closed end questions in it. Data which has already gone through the process of
analysis or were used by someone else earlier is referred to secondary data. This
type of data was collected from the books, journals, company records etc.
SAMPLING
Sample size-50 respondents
Sample unit-customers of moti sons
Sampling area-jaipur
REVIEW OF LITERATURE
The topic of consumer behaviour is one of the massively studied topics by the
researchers and MARKETERS in the past and still being studied. Researchers
show different reasons as to why consumer behaviour has been the topic of many
academics and researchers. One of the common views is that understanding
consumer behaviour has become a factor that has a direct impact on the overall
performance of the businesses (Kotler and Keller, 2012). Another view suggests
that understanding consumer behaviour has become crucial especially due to fierce
competition in retail industry in the UK and worldwide (Lancaster et al, 2002).
This chapter will introduce some other areas of research background of consumer
behaviour addressing the works of researchers and marketers. Moreover, consumer
decision making process, in particular, five stages of consumer decision making
process will be discussed in detail.
It is worth noting that consumer buying behaviour is studied as a part of
the MARKETING and its main objective it to learn the way how the individuals,
groups or organizations choose, buy use and dispose the goods and the factors such
as their previous experience, taste, price and branding on which the consumers
base their purchasing decisions (Kotler and Keller, 2012).
One of such studies of consumer buying behaviour has been conducted by Acebron
et al (2000). The aim of the study was to analyze the impact of previous experience
indicate that impact of family members on the consumer decision making process
of purchasing imported health food products was significant.
The author further explains this by the fact Chinese tradition of taking care of
young and old family members have long been developed and marriage is
considered to be extremely important in Chinese tradition. This reflects in the
findings of the study that the purchase of imported health food products made by a
person for the people outside the family is declined significantly by both male and
female Chinese after they get married.
Five Stages Model of consumer decision making process has also been studied by
a number of other researchers. Although different researchers offer various
tendencies towards the definitions of five stages, all of them have common views
as they describe the stages in similar ways. One of the common models of
consumer decision making process has been offered by Blackwell et al (2006).
According to him, the five stages of consumer decision making process are
followings: problem/need
recognition,
information
search,
evaluation
of
CHAPTER -3
-Secondfloor
-Upperfloor
- Last floor
goldshowroom
diamondshowroom
silvershowroom
corporateoffices
private area of owners
A virgin thought got wooed by a modest initiator and a timeless jewel was born
heralding the genesis of Motisons since 1998. Pure. Rare. Sublime.
It has been adoring beauty in all its glory since its inception. It pays a befitting
tribute to the resplendence and opulence of a rich cultural legacy, that is India.
Recreating the mystique that seduces the senses, they have been crafting splendor
that can gratify vanity with a magical finesse.
It offers a huge range of Gold jewelry, Kundan Polki jewelry, Moti jewelry and
Diamond jewelry.
Its every jewel spells magnificence at its craftsmanship. Enticing forms, vouched
purity and quality remains the poised hallmark of the indigenous bounty at
Motisons. Their unit stands fortified by the rare genius of a panel of professionals
who with their skill & knowledge, possess mettle enough to infuse soul into pieces
of fine art.
It has always embraced new technology and innovations, continually upgrading
itself in a relentless endeavor to surpass not just the contemporary, but also its own
standards of excellence.
AREA OF OPERATION
MotisonsJewellers
270,71,72,JohriBazar,
Jaipur-302003
Phone+91-0141-2563082,
+91-0141-4150000
+91-0141-2565073
Sb - 110, Motisons Tower,
LAL Kothi, Tonk Road
Jaipur 302015
G
n
ee
e
Phone: +91-0141-2565073
r
Fax : +91-0141-4150041
Hours of Operation
Sunday: Closed
lighting, ventilation, air conditioning etc to its employees. The company also
provides ESI to their staff. They are provided with accommodation, insurance
coverage and uniforms to the staff. The firm also ensures selection and
recruitment is being done without any discrimination like caste, colour, religion,
and state.
Karachi bangles.
5 Calcutta collections.
6 Rajkot collections.
7 Zara collections.
8 Antique collections.
9 Hansa collections.
10 Bombay and Bombay special collections.
11 Signity studded jewelry.
12 Daily wear bangles and chains.
13 Formal or work wear jewelry.
14 Navrathna, birthstones, lucky stones studded with gold.
15 Platinum ornaments with 950 Purity Assurance Card.
12 Varied collections of their own brand diamond collection called MG
diamonds.
13 Traditional jewelleries from Karnataka and Kerala.
SOURCES OF FUND
The main sources of the funds are bank loans and from other financial institutions.
Almost half of the capital are owned fund.
CHAPTER 4
No. of Respondents
5
45
50
Percentage
10
90
100
5 were male.
45 were female.
TABLE 2:
Showing the no. of respondents belonging to different income level
Income Group (in Rs)
Below 12000
12000-16000
16000-20000
Above 20000
TOTAL
No. of respondents
5
15
20
10
50
Percentage
10
30
40
20
100
below 12000
12000-16000
16000-20000
above 20000
No. of Respondents
6
44
50
Percentage
12
88
100
No. of Respondents
08
22
14
06
50
Percentage
16
44
28
12
100
No. of Respondents
44
06
50
Percentage
88
12
100
6 respondents are not aware about the products other than gold available in
Moti sons.
44 respondents are aware about the products other than gold available in
Moti sons.
No.
Below 56
56-120
120-200
Above 200
TOTAL
respondents
04
11
13
07
35
of
Percentage
11.43
31.43
37.14
20
100
No. of Respondents
40
05
45
Percentage
88.88
12.12
100
TABLE 8: Showing the media through which the customers came to know
about Moti sons
Media
Newspaper
Television
Yellow pages
Friend & relatives
TOTAL
No. of respondents
10
20
5
15
50
Percentage
20
40
10
30
100
Moti sons
Factors
Company image
Quality
Advertisement
Collections
TOTAL
No. of respondents
11
14
12
13
50
Percentage
22
28
24
26
100
No. of Respondents
43
07
50
Percentage
86
14
100
Table 11: Showing how the customers rate the designs of ornaments.
Rating
Excellent
Good
Average
Poor
TOTAL
No. of respondents
06
29
15
0
50
Percentage
12
58
30
0
100
excellent
good
average
poor
No. of respondents
05
23
22
0
50
Percentage
10
46
44
0
100
excellent
good
average
poor
CHAPTER 5
FINDINGS
Customers of Moti sons are mainly from upper class and upper
middle class families.
Only a few customers are not aware of products other then gold
available in Moti sons..
CHAPTER 6
SUGGESTIONS
Moti sons customers are business people and have high income, so
it should be better to frame promotion programs targeting the lower
class people.
CONCLUSION
To conclude the overall responses of the customers of Moti sons is
good. The overall performances in all areas are satisfactory.
During the study it was found that the following factors such as making
charges, salesman responsiveness, ornaments designs, price etc has
satisfactorily influenced consumer behavior.
Further, there is some kind of promotion activities required to hold
the present customers and make new customers.
BIBLIOGRAPHY
AUTHORS
Consumer Behavior.
- Matin Khan
Marketing Management
- A. Vinod
WEBSITES
www.wikipedia.com
www.google.com
www.motisonsjewellers.com
ANNEXURE
QUESTIONNAIRE
1. Name
: ________________________________
Address
: ________________________________
Ph. No
: ________________________________
2. Sex
: Male
[ ]
Female
[ ]
Below 12000
12000-16000
16000-20000
Above 20000
6.
4. Marital status
: Married
Unmarried [
Below 18
19 - 28
29 - 38
Above 38
Platinum
Diamond
7.Are you aware of products other than gold available in Moti sons?
(Like diamond, platinum etc.)
Yes [
7.
No
56 - 120
120 - 200 [
Above 200[
No
Television
Yellow pages
Quality
Advertisement
Selection available
No
13.How would you rate the designs of gold ornaments available in Moti sons?
Excellent
Good
Average
Poor
14.How would you rate the service facilities available in Moti sons?
Excellent
Good
Average
Poor