Hasan Murad
Hasan Murad
On
“Marketing Mix of Foodpanda in Bangladesh”
(This Thesis Paper Submitted in Partial Fulfillments of the Requirements for the Degree
of Masters of Business Administration in BGC Trust University Bangladesh)
Supervised By:
Mir Misnad Sultana
Lecturer
Department of Business Administration
BGC Trust University Bangladesh
Prepared By:
Hasan Murad
ID No: 2017061
Reg No: 201017061
Program: MBA
Major: Marketing
1
LETTER OF SUBMISSION
Date: December 27, 2021
Dear Madam,
undeniably thankful to you and my Department for giving me the opportunity to obtain
practical skills as well as to learn how to cope with the practical situations, which is very
I shall be grateful if you are kind enough to enlighten me by providing your valuable
judgment regarding this thesis. It would be my huge pleasure if you find this research useful
and informative to have an apparent perspective on the issue. Thank you for your
Sincerely Yours,
-------------------------------------
Hasan Murad
ID No: 2017061
Program: MBA
Major: Marketing
ii
DECLARATION
I, hereby, declare that this paper titled “Marketing Mix of Foodpanda in Bangladesh” is an
original of work mine and it has been prepared under the guidance of Ms. Mir Misnad
Sultana, the supervisor of my thesis paper as a requirement for the completion of my MBA
University Bangladesh.
Administration, BGC Trust University. This report neither fully nor partially has ever been
submitted for any other Certificate / Degree/ Diploma or Qualification to any other
…………………………
Hasan Murad
ID No: 2017061
Program: MBA
Major: Marketing
iii
ACKNOWLEDGEMENT
First of all I would like to express my sincerest thanks and highest appreciation to gratitude
and gratefulness to the Almighty ALLAH who has enabled me to complete this thesis.
I feel proud to express my deepest sense of respect, gratitude and profound regards to my
research supervisor, Mir Misnad Sultana, Lecturer, Department of Marketing, BGC Trust
sympathetic encouragement constant advice and help throughout my research work for which
My eternal gratitude goes to my parents who showed me the first sun light on earth and that
put my education above their personal comfort. I must express gratitude to my beloved
I intend to thank all of my teachers, my friends, my relatives and all others who have helped
As well, I would like to gratefully acknowledge all the Marketing graduate students without
whom this journey would have been very difficult, lonely and far less enjoyable.
Last but not least, a very special acknowledgement to “GOOGLE” without which it would be
iv
SUPERVISOR’S STATEMENT
Hasan Murad, ID No: 2017061 under my direct supervision and guidance. I have gone
through the thesis in minute form and found that it has covered all ideal and practical parts of
the study elaborative and precisely. As per my knowledge goes this thesis was not submitted
……………………………………………
Lecturer
v
ABSTRACT
This paper takes a cautionary stance to the impact of marketing mix on customer satisfaction,
via a case study deriving consensus rankings from benchmarking on retail stores in Malaysia.
Field research was conducted in Chattogram,. With increasing globalization, local retailers
find themselves having to compete with large foreign players by targeting niche markets. We
build a model in deriving consensus rankings from benchmarking base on the marketing mix
model, the traditional marketing paradigm, embodied in the well-known Marketing Mix
frame work proposed by Borden and popularized as the 4Ps (Product, Price, Place,
Promotion) by McCarthy. The marketing mix is the lens through which the contemporary
customer perceives value in e- stores on 4Ps is examined. From the model, we analyze what
is the best practice among the four elements derived from a consensus ranking, a ranking
method to identify the best in class. The analysis will mainly depend on the outcome of what
customer perceive towards the four marketing tactics. This paper discusses the introduction
and use of a methodology for project ranking in e- store A goal of this research was to
alternative and more sustainable approach for benchmarking analysis in marketing sector.
vi
Table of Contents
Particulars Page No.
Letter of Submission ii
Declaration iii
Acknowledgement iv
Supervisor’s Statement v
Abstract vi
1.5 Conclusion 6
3.3 Data 16
3.4Sample and sampling design 17
3.5Data collection technique 17
3.6. Data Analysis 17
19
4.1 Analysis of Quantitative Data
19
4.1.1 What is your gender
20
4.1.2 Age of the respondents
vii
21
4.1.3 Marital Status
22
4.1.4 Education Qualification of the respondents
23
4.1.5 Experience of occupation
24
4.1.6 Resident of the respondents
25
4.1.7 Monthly Income of the respondents
26-27
4.1.8 Foodpanda offers high quality products
27-28
4.1.9 Purchased products are usually found in good condition
29-30
4.1.10 I get all Fast Food & restaurant products from Food panda
31-32
4.1.11 Different Variety of Fast Food & Restaurants Products are available
to Food panda
32-33
4.1.12 I get same products to Food panda at the similar on lower price than
restaurants
34-35
4.1.13 I can get a lower price if I buy additional similar items
35-36
4.1.14 Foodpanda offers the overall lowest price in the area
37-38
4.1.15 The price of the product is reasonable
38-39
4.1.16 The Delivery charge is convenient for me
40-41
4.1.17 Using Food panda is convenient for me from my location
41-42
4.1.18 Fast checkout
43-44
4.1.19 Offers coupons in newspaper advertisement
44-45
4.1.20 Seasonal promotions are available
viii
46-47
4.1.21 The promotions are always attractive
47-48
4.22 overall, I am satisfied with this Foodpanda
References 54-56
Appendix 57-59
ix
CHAPTER: 01
INTRODUCTION
1
CHAPTER: 01
INTRODUCTION
1.1 Introduction
The marketing mix is a business strategy tool to analyze and build the right direction of
4)promotion, it is the most traditional marketing mix named 4P’s. However, in the service
marketing mix, there are three more P’s elements, people, process and physical evidence
(Hoffman, 2011, p. 79). This three additional P’s and adding with traditional marketing mix,
In nowadays, our living environment has been changing day by day because of technological
advancements and trends of lifestyle, different demands and wants appear, for the urban
people, they seek a convenient and quick lifestyle to cope with their busy work. Thus online
food delivery service is the one that fulfills the pace of life today. It tends to become more
important in our life. Online food delivery, which is one the innovation e-Service, is the most
popular and frequently used nowadays. According to the statistics, the number of users on
online food delivery has over 1000 million worldwide in 2020. Under this trend, there are lots
of different brands and companies appear to operate this service. Amongst the huge online
food delivery market, Foodpanda is the most famous brand, recording the end of 2020, it has
operated this service in 14 markets, its majority service in Asian markets. Foodpanda and its
parent company gained EUR 1.238 billion total revenues in 2019 worldwide. Thus, the
purpose of this paper is to analyses the marketing mix of the Foodpanda, since the marketing
is the front line to connect with the consumer, that marketing mix is the main element how
the company successfully attracts customers and gains high market share. Under the
marketing strategy used by Foodpanda, it gains better market share in those markets, the
numbers of users are still rising, and therefore marketing strategy is analyzable to find what
2
Foodpanda are utilizing to achieve market position. Since it has a larger market on online
Retailers need to generate a pool of information in order to introduce products and services
that create value in the mind of customer. The value of what the customer perceived is a
subjective one, the attributes that create value cannot simply be deducted from common
knowledge. Rather, data must be collected and analyzed. The purpose of this marketing
research is to provide the facts and direction that managers need to make their more
important marketing decision. The strength of this research lies on its specific focus on the
connection between the customer’s satisfaction with the international marketing mix model,
the four Ps and benchmarking. This research also underlines the impact of customer buying
behavior base on the company quality policy. This research enable the retail stores to gain
insight into future industry trends that will affect its business, get data and analysis in the
most cost-effective and flexible way and draw on essential information without being
overwhelmed by unnecessary detail.It is anticipated that the findings of this research will
1. Elucidate a clear picture on the connection between the customers satisfaction with the
3
2. The four Ps are the parameters that the marketing manager can control, subject to the
3. Manifest a clear picture on the connection between the customers satisfaction with its
4. Develop the awareness on the impact of customer buying behavior base on the company
quality policy.
5. Gain insight into future industry trends that will affect its business.
6. Get data and analysis in the most cost-effective and flexible way and draw on essential
11. Contribute to the marketing theory (The marketing mix model, 4Ps).
The marketing mix is a model of creating and implementing marketing strategies. It stresses
the blending of various factors in such a way that both organizational and consumer
objectives are attained. The elements are the marketing tactics, also known as the 'four Ps',
the marketing mix elements are price, place, product, and promotion. When blending the mix
elements, marketers must consider their target market. They must understand the wants and
needs of the market customer then use these mix elements in constructing and formulating
appropriate marketing strategies and plans that will satisfy these wants. These four P's are the
parameters that the marketing manager can control, subject to the internal and external
4
constraints of the marketing environment. The goal is to make decisions that center the four
P's on the customers in the target market in order to create perceived value and generate a
positive response.
products and services is all about meeting customer requirements. Customer satisfaction, a
business term, is a measure of how products and services supplied by a company meet or
surpass customer expectation. It is seen as a key performance indicator within business and is
businesses compete for customers, customer satisfaction is seen as a key differentiator and
increasingly has become a key element of business strategy. The four key steps for successful
marketing are identified as understanding the customer, making value for customer,
communicating the value to target market, and making it easy for the customer to buy.
1.5 Conclusion
The information generated for this survey is use to adjust practices within the organization to
continuously improve the e-Serviceproducts, pricing strategy, promotion strategy, place and
distribution strategy, services, and processes base on the marketing mix model in order to
more completely satisfy its customers. Literature reviews from journal on the best practice for
ranking in benchmarking were done. Further study has to be made on the ranking
5
CHAPTER: 02
LITERATURE REVIEW
6
CHAPTER: 02
LITERATURE REVIEW
1. Product
Product refers to not only physical goods also services, it can include experiences, events,
persons, places, information, ideas (Kolter and Keller, 2012). For the company, the product
means the soul of the company, it can be one or more than one product, and it is the primary
perishability. Thus, to attract more customers and increase the sale, the company utilizes
warranties etc.
Branding is the symbol of the company, also the image of the company, when customers see
the brand they can think of information regarding the brand or company. It is indirect release
company information to customers and build high customer awareness. Better branding
Quality of the product, customers mostly pay attention to the quality in the service industry,
thus customer service plays an important role, it is the channel to build the positive and
Warranties are provided as the guarantee to customers, customers can return and ask
compensation when the product is damaged before used or some mistake of the product. It
7
can let the company respond to the obligation and also can reassure customers to buy the
products.
2) Price
Price is the most important component in marketing mix, it is a key element not only to help
the company make profit, also to gain market share. “Price has operated as a major
determinant of buyer choice”(Kolter& Keller, 2012, p. 384), that price is the most important
factor when customers are choosing the same product. Moreover, pricing is the most flexible
element in Marketing Mix, the company can adjust the price depending on the location,
However, setting the price is one of the complex decisions, higher price will out of the
consumers' decision, lower prices will lose the profits, to set the right pricing position is
necessary. As a result, the company should use pricing strategies to achieve its goals, the
company focuses on customers and also competitors to set a right price in the customer
usually there are three options for this strategy, lower than competitors, and same price level
with competitors or higher than them, and the company should choose the best option which
Bundle pricing is when the company tries to group products together and provide a lower
price, compared to individual items, for selling to customers. That is optional to choose by
customers, for example in restaurants, usually a set of meals is cheaper than the single items
added together.
8
Optional pricing is the company setting a lower price with the base product, but setting a
higher price with optional products to maximize the turnover. 14 For instance, in fast food
restaurants, you can just buy a burger, but you also have the option to pay more to get extra
cheeses or beef.
Penetration pricing means the company uses a lower price to launch a new product into the
market aimed to attract more customers and to increase the sale and market share. It will
adjust the price back to the normal level when the market share is occupied. Example in this
strategy, a new customer of Apple music is free to use three months, it will charge monthly
Psychological pricing refers to the company considers the psychology of price which means
the customer buys the product based on their emotion rather than their rational mind. For
example, setting the price at $9 per bottle of water is more attractive than $10 per bottle.
3) Place
In marketing mix, place not only means the location of the product operation, it also means to
distribute the product to other places, customers how and where to get the product. A
company can use direct and indirect ways to distribute its product, and it usually through
different channels to sell products, such as retail and wholesale, also e-commerce which is the
new type distribution in this century. The company can according its product and goal to
Direct distribution is the company used to sell its product directly to customers without
intermediary. The benefits of this method is that the company can directly connect with its
9
The Internet, one of the distribution channels, is frequently used nowadays because it
provides lots of benefits to the company, for example, no renting cost in physical stores, high
efficiency of selling and no time limit of store opening hours. There are some types of
internet distribution, website and social media are mostly used currently, lots of companies
4) Promotion
The final basic marketing mix element, promotion, is sometimes also referred to as
communication. A company uses direct and indirect methods to connect with customers, and
release the update information to them such as new promotion or new service, it can remind
customers also build the positive relationship between customers and company, thus
increasing customer loyalty.(Kotler & Keller, 2012, p. 476) The purpose of promotion mix is
increasing sales, gaining market share, creating brand recognition and gaining competitive
advantage. To make the product more popular in the market, the company usually uses
promotion strategies to promote its products, the following are some channels that are
Advertising is the traditional promotion channel, a company major uses paid methods such as
televisions, newspaper, radio to increase the exposure rate of its product to attract more
potential customers, it can increase the visibility of the product and build customers'
awareness.
Direct mail through directly connects to customers via email and post address, a company
will according to the address which is provided by customers to send update information
about the company, such as promotion code, new product launching. This method can keep in
10
Public relation thought press, blog, talk to promote the company or the product, it is the way
to build up a positive image of the company, also can minimize the negative impactfor the
company. Compared to advertising, it is more effective, because the cost is relatively lower
and it also publishes by third person, it is more persuasive than paid advertising.
Sales promotion for example discounts and coupons which are provided by a company, the
company uses such methods to attract more customers, especially new customers, who think
they can pay less on the product. It can stimulate more spending from customers, but it only
benefits in the short period. Social media is one of the popular and relatively lower cost
methods to promote products nowadays, through Instagram, Facebook, YouTube etc those
social media to release the news of the product, such as new promotions or new services.
5) People
In the service marketing mix, the element of people is indispensable, people are included both
employees and customers who participate in that service. For the employees, because of
employees who work in front-line highly contact with customers. For the customers, they
provide the feedback feeling or perception to the company, they can provide an objective
view, it helps for business improvement. (Hoffman, 2011, p. 275) Thus, between employees
and customers they should build a positive relationship. Though the people participate, it can
bring more mobility and higher quality service for customers. A company can use people
strategy to enhance the quality service of the business, such customer service, training and
person selling.
11
support for customers who have problems to solve. Customer service is one type offront-line
service, customers are usually first contact with, that providing a quality customer service is a
Training is a method for a company to train employee’s working behavior, it can encourage
employees to provide higher quality working performance and develop correct working
attitudes and approach towards customers. The training should be done after being hired by a
company.
6) Process
Process means the interaction between the company and customers. The company can though
process to manage the uncertainty marketing and operation, and customers provide their
experience during the participant of the product. Processing is also a good way to let
customers know more about the company. For the process strategy, the company can though
below types of the methods to achieve higher performance, including technological and
electronic process, direct and indirect activities.20 Moreover, it has other strategies regarding
customers’ participation, it is the way of direct activities of the process. Through direct
activities, customers will provide immediate reaction regarding the product that company can
use according to their action to make adjustments. Indirect activities mean the company
differentiation between the same service industries, example are delivery, hotel, and hospital
industry, it is hard to find the same criteria to directly evaluate these services. Service differs
with physical products that evaluate by size and colour before customers purchase it.
However, physical evidence is providing some evidence sources for customers to consider
12
before using it, those evidences can be provided by a company's facility exterior, facility
Physical evidence not only provides a way for customers to evaluate the service, it also
provides a strategy to the company to build a better position. The physical evidence strategy,
such as layout, branding, packaging, uniform, signage, brochures etc, can bring more
Layout is providing spatial design for customers, such as hotel, church and hospital, the
environment can make different feelings of customers, such as appropriate layout can make
customers feel more relaxed, crowded layout may make customers feel irritability. Layout not
only used in physical building, also can apply in online websites, clear structure can bring
positive evaluation. Packaging does not mean the physical packaging for the service, it means
company though the package of service to bring out the value to customers, such as higher
class of the service in the hotel industry or the most faster delivery service in the delivery
industry. It can build up the company position and positive image of the company.
13
CHAPTER: 03
RESEARCH METHODOLOGY
14
CHAPTER: 03
RESEARCH METHODOLOGY
Thody (2006) points out that research design is the plan for fulfilling objectives and
answering questions. In conducting research, there, are many research designs, this study
followed a deductive approach and adopted a cross sectional survey research strategy. It used
quantitative data collection method and analysis method. The design was selected because,
survey plan is generally associated with deductive approach and it allows data to be collected
at one time across respondents (Saunders, et al., 2009). In this research, quantitative research
approach was used. Because quantitative research included surveys and questionnaires which
could help to obtain data. Quantitative research was about asking people for their opinions,
acts and beliefs in structured questionnaires so that research could produce hard facts and
statistics to guide to put possible recommendations (Biniam, 2016). For this purpose a
questionnaire using Likert five point scales is developed to gather sufficient information
related to the topic, which also covers finding the demographic variables of the respondents.
Findings on questionnaire survey will be presented with different tables and graphs. Finally,
Agyedu, et al (1999), states that population of a study refers to a complete set of individuals
15
3.3 Data
Research data is any information that collects, observes, produces or verifies the initial results
of a research. Research data is usually defined as documented facts that are stored and
accepted by the scientific community to verify research results. There are several ways to
classify data. The general classification is based on the person collecting the data. The data
used were from both primary and secondary sources and were obtained by using varied
techniques.
Primary data is a type of data collected directly from a data source without searching for an
existing one. Primary source of data were obtained through questionnaire and a couple of
interviews. The questionnaire contained various interrogative techniques that were used to
elicit primary data from interviewees. The closed ended questions were intended to restrict
respondents ‘answers; this provided an objective based for comparative analysis and to make
the analysis easier. The questions were in two parts – Sections A and section B and were
provided with alternatives and clear instructions to respondents. Section A dealt with
respondents which included Age, Marital status and Educational level whiles the section B
Secondary data sources for existing literature and various manuals, reports and some
administrative documents were obtained and entered into a review office. The secondary data
were collected from sources like company records, Websites, Library resources, Journals,
16
3.4Sample and sampling design
Probability and non-probability sampling technique was used to select a portion of the
population to represent the entire population. Sarantakos (2005), emphasized the need for a
researcher to select a sample from a population which he/she wishes to seek information,
using appropriate sampling techniques. The two main methods that the researcher used in
selecting the sample from the population were purposive and simple random sampling
50respondents.
The technique used in gathering the data was based on questionnaire and discussions and
explanations to those who were not able to fill the questionnaire on their own. Data for this
study was collected using a closed ended questions questionnaire which was developed by
the researcher.
According to Thody, (2006) data analysis is a systematic search for meaning. The data
obtained was then coded and entered in Microsoft Excel. The research is quantitative in
nature and therefore the findings were presented in simple descriptive statistics involving
some tables, pie charts and bar charts. These statistics present a simple way of showing the
17
CHAPTER: 04
ANALYSIS OFDATA
18
CHAPTER: 04
ANALYSIS OF DATA
Quantitativeanalysishelpedtheresearchertogetthefreshinformationaboutthetopicandvarious
views have been obtained. 15 questions had been prepared for the survey and asked to every
respondent to get the information. The research questionnaire for collecting primary
Frequency Percentage
Male 31 62%
Female 19 38%
Total 50 100%
60%
50%
40%
30%
20%
10%
0%
Male Female
gender of the chosen participants. Male and female were two given options. Out of the 50
respondents, 62% or 31 of the respondents were in the male category. Remaining 38% or 19
19
4.1.2 Age of the respondents:
Frequency Percentage
Total 50 100%
50%
40%
30%
20%
10%
0%
18-30 years 31-40 Years 41-50 Years 50 Years and above
Interpretation: According to the graph, we can see that most of the respondents age limit is
31-40 years and the percentage is 50%. The second highest percentage is 22% who are
between 18-30 years& 41-50 years and 50 years and above is 6%.
20
Frequency Percentage
Single 17 34%
Married 33 66%
Total 50 100%
Table-3Marital Status
Marital Status
70%
60%
50%
40%
30%
20%
10%
0%
Single Married
Figure-3Marital Status
Interpretation: The above figure 4 depicts the marital status of the sample. The
representation reflects that majority of the sample are married (n=33 or 66%); 34% are single
(n=17). The results indicate that most of the customers are married.
21
Frequency Percentage
Secondary 5 10%
Graduate 17 34%
Total 50 100%
35%
30%
25%
20%
15%
10%
5%
0%
Secondary Higher Secondary Graduate Post Graduate
Interpretation: The Chart and frequency table are showing that out of 50 respondents
5(10%) completed secondary 10(20%) completed Higher Secondary 27(54%) completed their
22
Frequency Percentage
8-11 years 3 6%
Total 50 100%
Experience of occupation
8%
12%
6%
1-3 years
3-5 years
8-11 years
42% More than 11 years
Interpretation: With reference to figure 8, the majority of the respondents (42%), said they
have experience of occupation 5-8 years. 32% said they have experience of occupation 3-5
years. 12% said they have experience of occupation 1-3 years.6% said they have experience
of occupation 8-11 years & 8% said they have experience of occupation more than 11 years
Frequency Percentage
Urban 25 50%
23
Semi Urban 15 30%
Rural 10 20%
Total 50 100%
50%
40%
30%
20%
10%
0%
Urban Semi Urban Rural
Interpretation: 50% respondents said they live urban. 30% respondents said they live semi
Frequency Percentage
24
Tk. 20000 - Tk. 40000 16 32%
Total 50 100%
30%
25%
20%
15%
10%
5%
0%
Tk. 5000 – Tk. 20000 Tk. 20000 - Tk. 40000 Tk. 40000 - Tk. 60000 Tk. 60000 and above
Interpretation: The Chart and frequency table are showing that 32% respondents of the
questionnaire monthly income are Tk. 20000 - Tk. 40000. 28% respondents of the
questionnaire monthly income are Tk. 40000 - Tk. 60000. 20% respondents of the
questionnaire monthly income is Tk. 5000 – Tk. 20000 & Tk. 60000 and above.
Frequency Percentage
25
Disagree 6 12%
Moderate 11 22%
Agree 13 26%
Total 50 100%
26
Table-8: Food offers high quality products
25%
20%
15%
10%
5%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
27
Interpretation: With reference to figure 8, the majority of the respondents (28%), agreed
with the statement that Foodpanda offers high quality products 26% of the respondents agreed
that the Foodpanda offers high quality products. 22% were moderate and 12% of the
respondents disagreed & strongly disagreed with the statement that Foodpanda offers high
quality products.
Frequency Percentage
Disagree 14 28%
Moderate 11 22%
Agree 12 24%
Total 50 100%
28
Purchased products are usually found in good condition
30%
25%
20%
15%
10%
5%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
Interpretation: With reference to figure 9, the majority of the respondents (28%) disagreed
that Purchased products are usually found in good condition. 24% of the respondents agreed
with the statement that Purchased products are usually found in good condition. 22% of the
respondents were moderate in their answer to this statement. 16% of the respondents strongly
agreed with Purchased products are usually found in good condition and only10%strongly
29
4.1.10 I get all Fast Food & restaurant products from Food panda
Frequency Percentage
Disagree 14 28%
Moderate 11 22%
Agree 12 24%
Total 50 100%
30
Purchased products are usually found in good condition
30%
25%
20%
15%
10%
5%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
Interpretation: With reference to figure 10, the majority of the respondents (28%) disagreed
that Purchased products are usually found in good condition. 24% of the respondents agreed
with the statement that Purchased products are usually found in good condition. 22% of the
respondents were moderate in their answer to this statement. 16% of the respondents strongly
agreed with Purchased products are usually found in good condition and only10%strongly
31
4.1.11 Different Variety of Fast Food & Restaurants Products are available to Food
panda
Frequency Percentage
Strongly Disagree 3 6%
Disagree 4 8%
Moderate 10 20%
Agree 23 46%
Total 50 100%
32
Table-11 Different Variety of Fast Food & Restaurants Products are available to Food panda
Figure-11: Different Variety of Fast Food & Restaurants Products are available to Food
panda
Interpretation: The findings in figure 11 reflect that a majority of 46% of the respondents
agreed with the statement Different Variety of Fast Food & Restaurants Products are
available to Food panda. 20% were moderate in their response to this statement. 20% of the
respondents strongly agreed with the statement Different Variety of Fast Food & Restaurants
33
Products are available to Food panda. 8% of the respondents disagreed & 6% of the
respondents strongly disagreed with the statement that Different Variety of Fast Food &
4.1.12 I get same products to Food panda at the similar on lower price than restaurants
Frequency Percentage
Strongly Disagree 3 6%
Disagree 4 8%
Moderate 10 20%
Agree 23 46%
Total 50 100%
Table-12 I get same products to Food panda at the similar on lower price than restaurants
34
I get same products to Food panda at the similar on lower price than restaurants
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
Figure-12: I get same products to Food panda at the similar on lower price than restaurants
Interpretation: The findings in figure 12 reflect that a majority of 46% of the respondents
agreed with the statement I get same products to Food panda at the similar on lower price
than restaurants. 20% were moderate in their response to this statement. 20% of the
respondents strongly agreed with the statement I get same products to Food panda at the
similar on lower price than restaurants. 8% of the respondents disagreed & 6% of the
35
respondents strongly disagreed with the statement that I get same products to Food panda at
Frequency Percentage
Strongly Disagree 2 4%
Disagree 3 6%
Moderate 12 24%
Agree 25 50%
Total 50 100%
36
I can get a lower price if I buy additional similar items
60%
50%
40%
30%
20%
10%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
Interpretation: The findings in figure 13 reflect that a majority of 50% of the respondents
agreed with the statement I can get a lower price if I buy additional similar items . 24% were
moderate in their response to this statement. 16% of the respondents strongly agreed with the
statement I can get a lower price if I buy additional similar items . 10% of the respondents
disagreed with the statement that I can get a lower price if I buy additional similar items.
Frequency Percentage
Strongly Disagree 0 0%
Disagree 0 0%
Moderate 16 32%
Agree 14 28%
37
Strongly Agree 20 40%
Total 50 100%
50%
40%
30%
20%
10%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
Interpretation: Figure 10 reflects that the majority of the respondents (40%) strongly agreed
with the statement that Foodpanda offers the overall lowest price in the area . 32% of the
respondents were moderate and 28% of the respondents are agreed in their responses in this
regard. No respondents are disagreed and strongly disagreed with the statement that
38
4.1.15 The price of the product is reasonable
Frequency Percentage
Strongly Disagree 0 0%
Disagree 2 4%
Moderate 15 30%
Agree 13 26%
Total 50 100%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
39
Figure-15: The price of the product is reasonable
Interpretation: The findings in figure 11 reflect that a majority of 40% of the respondents
strongly agreed with the statement The price of the product is reasonable . Only 2% disagreed
with the statement and 30% were moderate. 26% of the respondents agreed that The price of
Frequency Percentage
Strongly Disagree 2 4%
Disagree 3 6%
Moderate 17 34%
Agree 17 34%
Total 50 100%
40
The Delivery charge is convenient for me
40%
35%
30%
25%
20%
15%
10%
5%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
Interpretation: The findings in figure 16 reflect that a majority of 22% of the respondents
strongly agreed with the statement The Delivery charge is convenient for me. 34% of the
respondents agreed & moderate with the statement the Delivery charge is convenient for me.
41
4.1.17 Using Food panda is convenient for me from my location
Frequency Percentage
Strongly Disagree 3 6%
Disagree 4 8%
Moderate 10 20%
Agree 23 46%
Total 50 100%
35%
30%
25%
20%
15%
10%
5%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
42
Interpretation: The findings in figure 17 reflect that a majority of 46% of the respondents
agreed with the statement Using Food panda is convenient for me from my location. 20%
were moderate in their response to this statement. 20% of the respondents strongly agreed
with the statement Using Food panda is convenient for me from my location. 8% of the
respondents disagreed & 6% of the respondents strongly disagreed with the statement that
Frequency Percentage
Strongly Disagree 3 6%
Disagree 3 6%
Moderate 8 16%
Agree 15 30%
Total 50 100%
43
Fast checkout
50%
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
Interpretation: With reference to figure 18, the majority of the respondents (44%) strongly
agreed & 30% of the respondents agreed with the statement Fast checkout. 16% of the
respondents were moderate and only 6% of the respondents disagreed & strongly disagreed
44
4.1.19 Offers coupons in newspaper advertisement
Frequency Percentage
Strongly Disagree 0 0%
Disagree 4 8%
Moderate 12 24%
Agree 19 38%
Total 50 100%
45
Table-19 Offers coupons in newspaper advertisement
40%
35%
30%
25%
20%
15%
10%
5%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
Interpretation: Figure 19 illustrates that the 38% respondents agreed and 30% respondents
strongly agreed with the statement that Offers coupons in newspaper advertisement . 24% of the
46
respondents were moderate in their response to this statement and only 8% disagreed that
Frequency Percentage
Disagree 3 6%
Moderate 8 16%
Agree 17 34%
Total 50 100%
47
Seasonal promotions are available
40%
35%
30%
25%
20%
15%
10%
5%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
strongly agreed with the statement that Seasonal promotions are available. 30% of the
respondents strongly disagreed with the statement Seasonal promotions are available 16% of
the respondents were moderate in their response to this statement and only 6% disagreed that
48
4.1.21 The promotions are always attractive
Frequency Percentage
Disagree 8 16%
Moderate 12 24%
Agree 12 24%
Total 50 100%
25%
20%
15%
10%
5%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
49
Interpretation: With reference to figure 21, 24% of the respondents agreed, strongly agreed
& Moderate with the statement that the promotions are always attractive, 16% of the
respondents disagreed with this statement and 12% strongly disagreed with their response in
this regard.
Frequency Percentage
Strongly Disagree 4 8%
Disagree 12 24%
Moderate 13 26%
Agree 13 26%
Total 50 100%
50
Overall, I am satisfied with this Foodpanda
30%
25%
20%
15%
10%
5%
0%
Strongly Disagree Disagree Moderate Agree Strongly Agree
Interpretation: Figure 22 illustrates that 16% of the respondents strongly agreed with the
statement that Overall, I am satisfied with this Foodpa nda. 26% of the respondents were
moderate and agreed with their response and 32% of the respondents disagreed with the
51
CHAPTER: 05
RECOMMENDATIONS&
CONCLUSION
CHAPTER: 05
52
RECOMMENDATIONS& CONCLUSION
5.1 Recommendation
Foodpanda has already done lots of strategies through marketing mix, it keeps to do
innovation for catering the trends. Although Foodpanda does lots of success strategies,
however there are still some recommendations for Foodpanda, the following will be based on
marketing mix to provide several advice. First of all, for the product marketing mix. The
main image of Foodpanda is delivery foods and groceries items only, that it could operate
some new service line, for example to develop its own kitchen such as ghost kitchen to fit
local users. Due to its competitors having already set up a central kitchen in Singapore,
Foodpanda can consider to build its own kitchen increasing its competitiveness. Furthermore,
Foodpanda should launch monthly plans as soon as possible, this plan means the consumer
pays delivery fee per month instead of a one-time delivery fee, since delivery service is
increasing day by day, the demand still raising that Foodpanda should catch this trend.
Regarding the research, some respondents use food delivery service very frequently,
providing monthly plans can catch some existing consumers and increase the consumer
royalty. Monthly plan in Singapore has already been implemented, however in other markets
it is still testing or not launching yet. Foodpanda should speed up the implementation of
monthly plans in all markets. Secondly, for the pricing marketing mix. Foodpanda has
already used various types of strategies of pricing, however, it could use psychological
pricing and penetration pricing as well. Example about “PandaPro”, it is implemented in few
markets including Singapore now, for other markets it still has not launched this service, thus
in later development Foodpanda could use penetration pricing in those new markets which
have not implemented “PandaPro” yet. When launching this service, it could provide the
cheaper or discount price to users first, attract them to subscribe to this service and increase
the usage, after a certain time, it can adjust the price back to normal level. Moreover, using
53
psychological pricing, such as $19.9 or other pricing which is less than round number, to
attract users. Thirdly, for the place strategy. First, Foodpanda should expand its market to
other cities and develop to other countries such as Vietnam. The surrounding countries of
Vietnam had been targeted, thus that is an opportunity to catch the geographical advantage.
Second, Foodpanda can explore the service via social media. Consumers can directly order
from social media, because the target audience mainly focus on the young generation, also
there are lots of restaurant owners who have created their restaurant’s profile in social media.
The research showed that there were 26.6% respondents willing to receive the information
through social media, in other words, they use social media very often. If Foodpanda works
with those common social media, it can not only promote the brand, but also provide a way to
make order easy and convenient. Fourthly, in terms of promotion strategy, due to social
media being one of the most popular channels to connect consumers and they would prefer to
access new information through it, Foodpanda can hire some influencers to promote the
service in social media thus increasing the influence. Then, during the digital marketing,
Foodpanda can also use SMS promotion to send new information and promotion code to
users directly, not only email. Lastly, using local and iconic slogans to increase the
memorableness of the audience. The last recommendation for people strategy is mainly to
provide some essential training to delivery guys. For example the attitudes, since those
delivery guys are hired by third parties, it is lost direct control of them, however Foodpanda
can provide some guidance to regulate their attitudes and manners. On the other side,
Foodpanda can directly hire delivery guys for part-time workers, it will be better than hiring
by outsourcing. Regarding the marketing research, Foodpanda should improve the delivery
time, as during the research some respondents were not satisfied with the delivery time, that it
could consider developing a new model for delivery process maybe AI or centralised of the
delivery areas, try to make the delivery time exact or shorter to improve the delivery speed.4.
54
The management should put in place a programme that employees can key in for their
personal development and advancement to keep alive elements of job satisfaction factor at all
time for the employee. So also, the management should lose a bit the formal structure and
allow mix communication dimension and encourage delegation of duty to check some of the
in other to understand his/her peculiarity so that any effort target at creating satisfaction can
5.2 Conclusion
Although Foodpanda is becoming the leading food delivery application in Asian market, the
delivery industry market is pretty competitive. Through the analysis on the trend of online
food delivery, the demand keeps rising. Foodpanda has gained superiority from the internal
and external environments, it achieves higher market share in existing markets. Furthermore,
the analysis found there are various strategies that Foodpanda did behind and to gain success
in the markets. It chooses the right target markets which have high demand for the food
delivery service, and it catches the trend of convenience lifestyle as well. Through marketing
mix strategy, including product, price, place, promotion, people, process and physical
evidence, to build a successful branding in the food delivery industry. Through the marketing
research, the main finding is that Foodpanda has huge corporation partners which provide
wide choice to consumers, most of consumers based on this point to pick up Foodpandanot
other applications, it is the main reason why Foodpanda can attract more users to use its
application. In addition, it provides different service lines to meet market needs. Ustilsing
promotional pricing to attract existing and new consumers to stimulate the usages. It does
various types of promotion both in online and offline channels to attract public audiences and
potential users. However, overall of the marketing research, it showed that respondents had
lots of experience on using food delivery, their opinion toward Foodpanda was quite positive.
55
However, there are still some improvements to do better. Nevertheless the thesis had done,
there were some limitations of it. First, even the marketing research done to analyse the
respondents’ opinion which focus on Foodpanda, the research was limited, as it only focused
on one market, and collected from a few respondents. Secondly, the finding and
recommendation just based on the above research, it was not enough to do a deep analysis.
Lastly, Foodpanda’s usage has risen higher and higher now under the coronavirus pandemic
enhancement, however, if the pandemic is over, people might change their behavior again, it
means the atmosphere of using online food delivery may decrease, thus Foodpanda should
consider this and change its strategy and keep innovation in the future to be survival .
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56
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Appendix
Questionnaire
Dear Respondent,
Bangladesh. The data collected for this survey will be used only for MBA thesis. Kindly
give your valuable time and share the information in consistent with Practices Human
Thanks.
Part I.
Gender
□ Male □ Female
Age (years)
□ Married □ Unmarried
Education
Experience
1-3 years 3-5 years 5-8 years 8-11 years More than 11 years
Monthly Income
Tk. 5000 – Tk. 20000 Tk. 20000 - Tk. 40000 Tk. 40000 - Tk. 60000 Tk. 60000 and above
Resident
60
Section 2 – Marketing Mix of Foodpanda
Part II. Dear respondents, here are possible statements for the study; in this case I kindly
request you to show the extent of your agreement by putting " √" mark using the following
rating scale;
Fast checkout
61
Seasonal promotions are available
62