Amity School of Business: NTCC "Summer Internship"
Amity School of Business: NTCC "Summer Internship"
NTCC
“SUMMER INTERNSHIP”
TOPIC:
THE EFFECT OF ADVERTISING ON CONSUMERS
ACCEPTABILITY OF NEW PRODUCT
(WITH REFERENCE TO TOP TROVE FOUNDATION)
BY:
NAME: RADHA SHAH
ENROLLMENT NO: A3906419392
BATCH: 2019 – 2022
SECTION: A
ROLL NO: 48
DECLARATION BY STUDENT
This is to certify that I, Radha Shah of BBA 2019-22 Batch, Amity School of
Business, Amity University Uttar Pradesh, Noida have worked under the
guidance and supervision of Mr. Arpan Sinha for summer internship project.
The report has the requisite standard for the partial fulfilment of the Graduate
Degree in Business Administration. To the best of my knowledge no part of this
report has been reproduced from any other report and the contents are based on
original research. I am aware that in case of non-compliance, Amity School of
Business is entitled to cancel the report.
Signature
Name of the Student- Radha Shah
Enrollment No.- A3906419392
1
I Mr. Arpan Sinha hereby certify that Radha Shah student of BBA at Amity
School of Business; Amity University Uttar Pradesh has completed the ntcc
summer internship project report on the effect of advertising on consumer’s
acceptability of new product (with reference to Top Trove Foundation) under
my guidance. She has put all the efforts with so much dedication and hard work
to complete this report within the limited time.
Signature
Mr. Arpan Sinha
Amity School of Business
AKNOWLEDGEMENT
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I express my sincere gratitude to my faculty guide Mr. Arpan Sinha for his able
guidance, continuous support and cooperation throughout my project, without
which the present work would not have been possible.
TABLE OF CONTENT
S. no. CONTENT Page no.
1. Chapter 1 5 – 13
Introduction
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2. Chapter 2 14 - 15
2.0 Literature review
2.1 Findings of literature review
3. Chapter 3 16
Research gaps
3.0 Research questions
3.1 Objectives of study
3.2 Research hypothesis
4. Chapter 4 17
4.0 Research methodology
5. Chapter 5
5.0 Data analysis 18 - 24
5.1 Discussion on findings
6. Chapter 6
6.1 Summary on findings
6.2 Conclusion 25 – 27
6.3 Recommendation
6.4 Limitations
6.5 Discussion on future scope
7. References 28
8. Annexure 29 – 30
CHAPTER 1
INTRODUCTION
Advertising is the way of communicating with the consumers of a product or services. It is
the backbone of marketing which involves promoting or introducing a product or services to
reach the target consumers or buyers of the product through different platform such as radio,
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television, social media, magazines, newspapers etc. In today’s world nearly everyone is
influenced by advertising and promotions. Advertising plays an important role in promoting
products to the target customers specially when the products are new in the market.
Advertising or promotions are used to sell products and services to the customers, promote
brands, promote political candidates, promote any special cause or social problems. Any
organizations may it be private or public communicate with their target consumers for
success. Advertising is one of the methods by which they can do so. Making the products and
services available for the people and getting in their choices needs a proper marketing
strategy. The strategy should be more effective than the competitors so, people choose your
products over theirs.
Social media has become a common trend among people these days. Mostly everyone is
using social media. It can be used very effectively to promote any things throughout night. It
is also helpful in creating awareness about something or making things go viral.
Organizations can use social media to promote products and services. Young generations get
highly influenced through social media. They like to follow and catch the speed of new
trends. Social media can also play a vital role in getting feedbacks and reviews by which
organizations can improve their products and services. Through social media organizations
can reach large audience within a minute. Therefore, social media marketing or digital
marketing are the current and future trends in marketing.
As we have seen nowadays many businesses have come up on online portals as per the
demand of young generation. To attract more people towards their brands, organizations are
using digital marketing which best for online businesses. From buying grocery items to any
electrical appliances everywhere we search for reviews on internet and buy them online
whether to save time or you are too lazy to go outside. Digital marketing also plays an
important role in education sector. As nowadays we see the growing use of internet and social
media among people. They play an important role in influencing people. Most of the students
use internet and social media so, it become easier to reach them through it. Education sectors
such as schools, universities and other educating platforms are using the internet effectively
to reach out students.
Online platforms are best for promotions and advertising as they are easily accessible by
anyone, organizations can take feedbacks and reviews from their customers, they can reach to
more audience in very short period of time, it is cost effective as compared to traditional
methods of advertising etc. therefore as per the demand and situations online advertising is
best for organizations to promote their products and services. Mainly in education sector
online advertising can play a vital role in attracting students.
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individual in every terms. It helps students to develop their skills and guide them in their
every step of career development. The company is initially available on online portals so, it
can reach audience worldwide to meet their target. The company work to build a leadership
quality in students through different workshops and initiatives. Their priority is their students.
To work for their welfare and help them to achieve their goals. They want to educate students
as much as possible. They believe that students are the assets of the nation and in Top Trove
they believe in developing these assets.
2. Mobile Advertising
A commonly new version to the era of latest advertising strategies is mobile
advertising. Despite the fact that it is very new, there is no arguments that it is ruling
the advertisement market. This is because of the way that there has been a drastic
increase in the utilization of cellphones like smartphones and tablets. As indicated by
the CEO of Orange Label Advertising, mobile advertising can have an amazing effect
when done the correct way and is turning out to be well known rapidly. The latest
trends in mobile marketing include the use of various social media platforms such as
snapchat, Instagram, Facebook, twitter etc.
3. Print Advertising
Once print advertising was considered as an enormous driver of sales, yet it has to
occupy the seat behind digital marketing techniques. So, it doesn't imply that this type
of advertising has lost its effect. When it is joined with digital marketing, print
advertising can also perform well in increasing sales and promoting products. There
are sub-classifications in print advertising such as:
Direct Mail Advertising: This advertising mainly refers to the print
advertisements which are send straight to customers through mails.
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Brochures, Flyers, and leaflets: These are used when the organizations need to
provide more important information to the customers as they create more
impact on customers than a newspaper.
Periodical Advertising: This advertising is done through newspapers,
magazines or on anything which is published regularly.
5. Outdoor Advertising
It is not a new technique for advertising but still is precise for promoting, it actually
stays compelling and is broadly utilized. It is called out of home promoting; this term
means to advertisements that target the customers when they are outside. This can
incorporate transport cover banners, bulletins, fly banners etc.
POWER OF INTERNET/DIGITIALIZATION
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Amazon is one of the most successful online retailers of this
generation which don’t have inventory. Over the years it has
attracted millions of customers and delivers almost every
product that a person needed to their doorstep.
Uber is the world’s largest taxi company booked online by
customers with the fact that it doesn’t own any of the taxies.
Oyo and Airbnb in the present day they are the most successful
network for providing accommodations, thou the owners do own
any of the hotels.
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Digital advertising is very cheaper than traditional advertising in comparison.
Traditional advertising includes paying a huge amount to TV, radio, magazines,
newspapers to advertise the products which eventually decrease the profit rate. But
digital advertising just needs an internet in any device which is affordable by all. The
company can reach even the lower-class people of the society. The companies can
improve their advertising conversion rate more efficiently than traditional adverting.
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When we visit websites there are many other things distracting us such as latest
Bollywood gossips, updates about upcoming shows etc. which seems more interesting
than the advertisements posted by the companies.
4. To many options
Like offline advertisement there are many competitors on online portals too.
Customers have many more options to choose from increasing the competition. The
company should know very well that which type of advertisements get more audience
attention to grow digitally.
5. Can be expensive
Many times, the company had to go for paid promotions digitally so they can reach
more audience. They need to pay the parenting blogs for advertising on their portals
which may be costly and also have to pay the bloggers to promote their products and
services.
Huge competition
There are many companies providing similar products. When a person even goes to buy a
toothpaste, he has to choose among hundreds of products. Consumers gets attracted only to
that product which have put a big impact on them through advertisement because consumers
come to know about the product through advertisements. The company’s product should be
better than their competitors so consumers choose them over others. The advertisement
should be honest and reliable.
Ad blockers
These are one of the biggest obstacles in digital and online advertising. These are type of
program which allow users to block the advertisements which come in middle while viewing
some pages. Due to which the companies are not able to convey their messages to the
consumers.
Less exposure
Nowadays, we have to pay for everything. Similarly, the brands have to pay all the medias to
advertise their products and brands on them. Before social media didn’t charged any money
so it was a heaven for marketers to promote their products and reach larger audience in very
short period or time. But now they have to pay for every advertisement they do on social
medias or anything. They even have to pay to reach large audience. Due to which brands are
getting in problems as they to pay a huge amount to social medias for advertisements to
promote their products and brands resulting in less exposure to audience.
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Advertising highly influence consumer buying behavior as it has a persuasive nature. The
advertisements create awareness among people for a product and helps to attract buyers. The
advertising id responsible for creating desire among consumers. There are many positive
impacts of advertising on customers as they get to know what, when and where should they
buy a product. The advertisements help us to buy a correct product as it provides us all the
information about the product and we can also see reviews and feedbacks of the products.
Advertising can persuade, inform and remind a consumer to buy a product. It plays an
important role in developing dreams of consumers to buy any product. advertisements attract
the attention of the consumers. It also helps consumers to buy good product of good brand.
The advertisements provide us information such as products and services quality, quantity,
color, name. It also provides information such as benefits, price and ingredients used in the
products.
Advertising spread social messages and promote a better lifestyle among consumers which
force a consumer to buy the product so they can have better lifestyle. The advertisements are
made after analyzing people lifestyle and by analyzing it they advertise the products in such
away that consumers think by purchasing the product they can develop their lifestyle as
shown in the advertisements. Advertising creates a thinking on people that the more money
they spend on products their lifestyle will be more developed. For example, Apple’s iPhone is
the sign of luxury according to the advertisements so people who wants to have a luxury life
will purchase it.
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3. Digital advertising helps to build a better relationship
As the internet is growing consumers can get more access to the company’s
information. They can know everything about the company it doesn’t matter whether
the company is new or old, which results in developing opinions about the companies
and brands. The customers even ask about the products when they are interested in it
which build a relationship among companies and consumers. It also helps to build
trust among the audience. The customers can see about the products and companies
which help them to get more familiar with company and the products very fast. So,
they feel comfortable and buy the new products and services.
CHAPTER 2
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LITERATURE REVIEW
Jennifer Rowley, Brendan James Keegan, [2020] overviewed SLRs in the field of social
media advertising, they evaluated the purpose and process to set the SLR and present them on
the social media. They stated that purpose of SLR includes: developing concept and support
research and practices.
Katherine Taken Smith, [2012] stated that digital marketing is more effective in influencing
consumers buying behavior. There are growth and development of the companies by using
digital marketing but the strategies should be deemed positively to online generations.
Nina Koiso-Kanttila, [2004] concluded that digital products are increasingly the part of the
market. The key characteristics of digital advertising are easy access, fast speed, quick
interaction, access to information and essentially less costly.
Chaffey et al, [2009] stated that digital marketing or internet marketing is an achieving
marketing as it have different qualities which makes it better than traditional marketing. It
helps the company to achieve its target easily and in advanced way with its new digital
techniques.
Chaffey, [2013] stated that digital advertising uses different techniques which help a
company in their marketing activities to improve the knowledge of customers by identifying
their needs.
Waitman, [1996] said that the companies have known the importance of digital advertising
that to become successful they will have to go online above the traditional methods of
advertising.
Pepelnjak, [2008] stated that digital advertising helps in measuring the results of
advertisements done by the company digitally, they get to know the total number of people
who have viewed their advertisements which was not possible in traditional advertising. He
also said that digital advertising is most cost effective.
Patrick De Pelsmacker, Sophie Van Tilburg, Christian Holthof, [2018] stated that digital
marketing indicates the reviews and affect both valence and volume of reviews. Digital
marketing helps in monitoring online reviews.
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changing time everyone is using different social media and are using internet for the same
thing. Digital advertising has successfully occupied the space of traditional advertising.
Digital marketing has many advantages which are stated by these authors such as it is cost
effective, helps the company to reach larger audience in short period of time, consumers feel
more secure and safe by using it, helps the company to get reviews and feedbacks and also,
they can communicate with individual customers at any time.
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CHAPTER 3
RESEARCH GAPS
3.1 RESEARCH QUESTIONS
1. Does advertising have impact on consumer buying behavior?
2. What are the types of advertisement used by Top Trove Foundation?
3. What are the challenges faced by advertising?
4. How advertising influence consumers to buy new product?
5. Does advertising have positive impact on consumers?
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CHAPTER 4
RESEARCH METHODOLOGY
The data type used are:
Primary and Secondary method
The descriptive research design is followed to gather the information for this research paper.
As it is a research method which describes the content of the topic and let us know what is
being studied by us. Online questionnaire was made to take the survey of customers of Top
Trove Foundation on how digital marketing help them to accept new products.
The Exploratory research design is a research which is used to look into a problem which is
not defined properly and aims to suggest better ideas on the same.
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CHAPTER 5
DATA ANALYSIS
For doing a survey of consumers, a questionnaire was made and distributed randomly to 70
peoples. All the responses were collected and the result was noted.
1. The questionnaire provided an age range of 18-21 years, 22-25 years and 26 above
respectively. The results were follows:
18-21 years = 53.7%
22-25 years = 35.8%
26 and above = 10.4%
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3. Advertising is a way in which a company communicate with consumers about their
products and services. The advertisements contain many details about the products
some may be fake or true. So, to check the views of people the question was asked
whether they believe in advertisements or not. It was a yes/no question. 75.7%
respondents said they believe in advertisements and 24.3% respondents said they
don’t.
Hence, we can see the number of respondents who believe in advertisements are very
high.
4. Online shopping is more convenient than offline shopping because it saves time, gives
many options etc. so, to take the views of respondents on the same the statement was
given “you find buying things online more convenient than offline”. It was a multiple-
choice question using Likert scale. 18.6% respondents strongly agreed to the
statement, 41.4% respondents agreed to the statement, 30% were neutral to it, 8.6%
were disagreed and none of them were strongly disagreed.
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5. Advertising is done through different medias such as television, radio, internet,
newspaper, billboards etc. but which one gets consumers attention is a point to be
noted. To see this, we asked the question “which advertising media gets your
attention?” to the respondents. The options given were television, radio, internet,
newspaper and billboards. The results obtained were as follows:
Advertising medias Responses no. percent
Television 12 17.1%
Radio 0 0%
Internet 56 80%
Newspaper 0 0%
Billboards 2 2.8%
Total 70 100.0%
figure(v)medium of exposure
6. Advertising influence consumers to by the products and services. To see whether this
statement is true or not a question related to it was asked. The question was “is your
purchase decision affected by the advertisements?”. 64.3% of respondents agreed and
35.7% of respondents do not. The more numbers of respondents said yes so, the
statement is true.
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Figure(vi)advertising influence on consumers
8. Advertisements provide us nearly all the information about the product. We check all
the information about the products before buying it. So, to check the level of
satisfaction of respondents a question was given “What is your level of satisfaction
after purchasing an advertised product?”. 10% respondents were very satisfied, 35.7%
respondents were satisfied, 45.7% respondents choose neutral and very less
percentage respondents were unsatisfied.
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figure(viii). Level of satisfaction
9. The digital advertising is helpful to us as we can read reviews and feedbacks about the
products and then decide to buy or not. To check whether this statement is valuable or
not a question as given in the questionnaire “Do you read reviews and feedbacks
before purchasing anything?”. 92.9% respondents said yes and only 7.1% of
respondents said no by which we can know that the statement is highly true.
10. Advertising is a very useful tool for a company to introduce their products to the
consumers. It should be eye catchy and informative more when your product is new
because it the time when you can make a place in the market. So, to see the
acceptability of new product through advertising a question was given “Will you
accept the new products if their advertisement is attractive?”. 60.9% of respondents
said yes and 39.1% of respondents said no. Hence, advertising can make a new
product acceptable to the audience.
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figure(x). effect of advertising on acceptability of new product
11. To be clearer with question 10 a question was asked to respondents whether they
have tried a product from a new company or not. 77.1% of the respondents had tried a
new product and only 22.9% of respondents haven’t.
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products as they have a persuading power. The advertisements should be honest and reliable
so it can hold the customer for long period of time and so the costumers believe them. Hence,
they should be able to win the trust of the costumers.
Nowadays advertisements are available everywhere from morning newspaper to late night
YouTube videos we come across numbers of advertisements. The advertisements are visible
from number of exposing medium such as on television, billboards, mobile phone etc. by
which consumers are exposed to advertisements numbers of time a day. Which is a positive
sign for any company.
Digital/internet advertising has left behind traditional advertising techniques. In the survey
we came across people highly give attention to the advertisements which are on internet.
Because this generation is an online generation everyone has a smartphone and internet
access in their hand by which they are on multiple social medias and on websites where they
see thousands of ads daily.
Consumers purchase decisions are highly affected by advertisements as they influence them
too much. Advertising has a power to persuade, inform and grab the attention of the
consumers. They analysis the lifestyle and every step of consumers to advertise in such a way
that we get attract with it. They show us a better lifestyle while using their products to us so,
we feel to buy the same product so we can have better lifestyle.
Advertising is so impactful that it can make us accept even a new product of a market. In the
analysis we found that the number of people who bought new products were many more than
those who ignored it. It is happened due to the advertisements providing adequate
information and winning the trust of people in short period of time so they buy their product.
It doesn’t matter whether the product is new or old the content or information delivered to the
consumers should be attractive and persuasive. The brand should showcase their product in
such a way that it enters the choice of people. Hence, we can say advertisement plays an
important role in acceptability of new product by customers.
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CHAPTER 6
6.0 SUMMARY OF FINDINGS
Advertising is very important for a success of a company as it help them to reach their target
audience. I came to know about different methods of advertising and how they are helping
different companies to promote their products and brands. Advertising helps a company to
introduce their products and brands to the target consumers. The different medium used for
advertising are television, radio, internet, billboards etc. these all helps a company to promote
their products and brands. Through them the company get a recognition in the market.
Advertising plays an important role in consumers accepting a products and brands. It helps a
consumer to know everything about the products and the brands. They give important
information of a products such as the quality, quantity, ingredients used, how to use the
product, how it is useful for anyone etc. so the consumers get well informed and have a desire
to buy the product. Today in this generation digitization has taken place of everything so
digital advertising is also occupying in the market as everyone uses social medias and internet
by which it has become easy for a company to reach a larger audience in a short period of
time. It also helps consumers to read reviews and feedbacks before buying any product.
The Top Trove Foundation is also using digital advertising method so it can attract
consumers from whole world and provide them their services. Digital advertising is helping
them to reach a larger audience in a minimum budget and time. The company is very new in
the market and doing very well which has happen only because of proper use of advertising.
6.1 CONCLUSION
Advertising is the main ingredient in of making any product launch successful in the market.
It plays a vital role in making consumer by a product or services. Advertising creates a desire
and will among consumers for a product to purchase it. It has a power of persuasion. A
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company can use it as a tool to force consumers to buy and like their products, services and
brands. We have been grown seeing many different kinds of advertisements all of them are
very influencing.
Advertising highly effects a consumer buying behavior as it influences a person to purchase
the advertised product by interrelating the products with people lifestyle and conveying
people that the product can help them to lead a luxury lifestyle as their role model.
Advertising is responsible for creating a need of something to person. They advertising shows
how our life can be changed with the product and sometimes we tend to buy more products
than requirement. Advertising can also create a will to earn more so they can by all those
advertised products for a better lifestyle.
A company like Top Trove Foundation, which is totally new in the market. Advertising can
help them to sale their products and services like an established company. Advertising can
finish the differences of new and old product concept because sales depend on how a product
and services is advertised to people. If it is good and attractive people will surely purchase it
if it is fulfilling all the qualities of a good product than there is no problem in purchasing a
new product. In very short period of time the Top Trove Foundation is able to get more than
50,000 students purchasing their courses which is only possible by proper advertisement. It
influenced consumers to buy their products and make them grow in the market. Digital
advertising has high scope in future as per rising technology and development. So, companies
should take proper steps and develop themselves so they can compete with the future and
become successful.
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for better improvement and growth of the company. The company should work on their
limitations and make sure they don’t lack behind in the market.
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Conversational advertising is a technique or way to engage with people visiting websites and
making them leads with dialogue-driven activities. It is totally new technique evolved which
take a huge space in advertising world. Conversational marketing helps the company to have
better relationship with their consumers by constructing trust and loyalty through
conversations and making purchasing methods easy and smooth as they can. This can be one
of the most new and future method of advertising. Companies can develop their skills and
techniques so they can use these methods for their improvements.
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ANNEXTURE
Questionnaire
Question 1: Name
Question 2: Age
Question 3: You find digital marketing better than traditional marketing.
Options:
1. Strongly agree
2. Agree
3. Neutral
4. Disagree
5. Strongly disagree
Question 4: You find buying things online more convenient than offline.
Options:
1. Strongly agree
2. Agree
3. Neutral
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4. Disagree
5. Strongly Disagree
Question 5: Will you accept the new products if their advertisement is attractive?
Options:
1. Yes
2. No
Question 6: Is your purchase decision affected by the advertisements?
Options:
1. Yes
2. No
Question 7: Do you read reviews and feedbacks before purchasing anything?
Options:
1. Yes
2. No
Question 8: Which advertising media gets your attention?
Options:
1. Television
2. Radio
3. Internet
4. Newspaper
5. Billboards
Question 9: How often are you exposed to advertisements?
Options:
1. Everyday
2. 2 – 3 times a week
3. Once a week
Question 10: Do you believe in advertisements?
Options:
1. Yes
2. No
Question 11: What is your level of satisfaction after purchasing an advertised product?
Options:
1. Very satisfied
2. Satisfied
3. Neutral
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4. Unsatisfied
5. Very unsatisfied
Question 12: Have you ever tried a product from a new company?
Options
1. Yes
2. No
CERTIFICATE OF COMPLETION
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