CONSUMER
CONSUMER
1. Consumer
Introduction
Consumer rights
Consumer responsibilities
Features
Advantages and disadvantages
2. Origin of consumer behaviour
Types of consumer behaviour
Consumer behaviour patterns
Advantages
3. Brand
Introduction to brand
Identification
importance
4. Consumer behaviour related to bath soap
Introduction
Consumer preferences
5. Example of different brands
Lux
Dove
Lifebuoy
Dettol
6. Conclusion
CONSUMER
Consumers are people or organizations that purchase products or
services. The term also refers to hiring goods and services. They are
humans or other economic entities that use a good or service.
Furthermore, they do not sell on that item that they bought.
They are the end users in the distribution chain of goods and services. In
fact, sometimes the consumer might not be the buyer.
For example, young children are the end users of toys, but their parents
buy them. Therefore, in the market for toys, the buyer and consumer are
often different people.
Consumer Rights
Even though businessmen know their social responsibilities towards
society, many businessmen exploit the consumers by way of unfair
trade practices, fraud, etc. Therefore, the government of India provides
some rights to consumers under the Consumer Protection Act to
protect their interests. These rights are Right to Safety, Right to
Information, Right to make Choice, Right to be Heard, Right to Seek
Redressal and Right to Consumer Education.
1.Right to Safety
2. Right to Information
Right to Choose states that a consumer has the right to choose the
goods and services of their choice or liking. In simple terms, it means
that the consumers are given an assurance of ability, availability, and
access to different products and services at a competitive price. A
competitive price here means a fair price. The retailers, manufacturers,
or traders cannot force the consumers to purchase a specific brand
only, the consumers can choose any brand they find suitable from their
point of view.
Consumers’ Responsibilities
Disadvantages:
Cooperative stores have not been much successful in India. This is due
to the negligence of their basic principles. Some of the inherent
difficulties they face are credit sales, high operating cost, dishonesty of
managing members, etc.
Some other reasons for its failure are lack of business experience, lack
of interest, enmity among members, lack of efficient management,
granting of more credit leading to mounting bad debts, etc. However, by
paying proper attention to the above shortcomings, these stores can be
successfully operated.
1. Place of purchase
Most of the time, customers will divide their purchases between
several stores even if all items are available in the same store. Think
of your favorite hypermarket: although you can find clothes and
shoes there as well, you’re probably buying those from actual
clothing brands.
When a customer has the capability and the access to purchase the
same products in different stores, they are not permanently loyal to
any store, unless that’s the only store they have access to. Studying
customer behaviour in terms of choice of place will help marketers
identify key store locations.
2. Items purchased
Analizing a shopping cart can give marketers lots of consumer
insights about the items that were purchased and how much of each
item was purchased. Necessity items can be bought in bulk while
luxury items are more likely to be purchased less frequently and in
small quantities.
4. Method of purchase
A customer can either walk into a store and buy an item right then
and there or order online and pay online via credit card or on
delivery.
The method of purchase can also induce more spending from the
customer (for online shopping, you might also be charged a shipping
fee for example).
What is a brand?
A brand is a product, service or concept that is publicly distinguished
from other products, services or concepts so that it can be easily
communicated and usually marketed.
A company's brands and the public's awareness of them are often used as
a factor in evaluating a company. Corporations sometimes hire market
research firms to study public recognition of brand names as well as
attitudes toward the brands.
Brands are important because they create value for corporations and
individuals. They also provide a competitive edge in the market against
an entity's competition. Successful branding augments a company's
customer base, which creates trust and credibility, leading to brand
loyalty—all of which give a company a competitive edge in the market
and a bigger bottom line.
Bathing soap are fast moving consumer goods that have seen a surge in their
sales in the past few decades in India more and more people are opening up to
the idea of experimenting and trying out newer bath soap. This study is attempt
to cover the various factors that influence the buying decision of consumers
who plan to purchase and or used bath soap. FMCG sector is the fourth largest
sector in India touching everybody life’s in everyday. The FMCG goods sector
is vital contributor to Indi’s gross domestic products, in the field of consumer
behaviour is the study of individual, group, organization and the process is used
to select, secure, use and dispose of products and services that satisfies their
needs. The Indian soap industry includes about 700 companies with combine
annual revenue about $17 billion and also spread all the major metropolitan
cites. India per capita consumption of soap is at 460 grm Per annum. The Indian
market capitalization of bath soap industries is 70% of India’s population
resident in rural area and 50% soaps are sold in rural market. Keywords:
Consumer buying behaviour, FMCG, Bath Soap, Demographic factors,
Psychographic factors, Behavioural factors.
INTRODUCTION
modern urban life style and increase in consumer awareness have affected by
buyer behaviour in cities, town , even rural areas. India is set to grow into the
fifth largest consumer market in the The Indian consumer market has higher
disposable income, the development of world by 2025. In this scenario, creating
customer loyalty is now a whole new challenge. These demographic shifts have
also created the need for leader who can keep pace with change and identify
with and predict future demand. This study is basically emphasis on influencing
factor on Indian consumer buying behaviour towards the bath soap on the basis
of demographic, psychographic, behavioural factors.
CONSUMER PREFERENCES
Consumer preferences are varied and are more regionally specific. India is
divided into four regions: North, East, West, and South. Consumers in the North
prefer pink coloured soaps, which have floral profiles. Here the fragrance
preference is for more sophisticated profiles reflecting their lifestyles. Freshness
soaps with lime and citrus notes are also popular preferences as the climate in
the North is very hot and citrus/lime scented soaps are seen to be refreshing.
LUX -
The range of products includes beauty soaps, shower gels, bath additives,
hair shampoo and conditioners.
Features:
Features-
Lifebuoy -
Product type : Personal Use
Soap country : England
introduced : 1895
market : Worldwide
Features –
Dettol -
Product type : Personal use
Soap country : India
Introduced : 1933
Market : Worldwide
Dettol is the trade name for a line of hygiene products. It has been in
use since before the 1950s.
Dettol bar soap contains antibacterial agents that provide trusted Dettol
protection.
It cleanses and protects your skin for a hygienic clean and a healthy
refreshing feeling everyday. Contains skin moisturising agents.
Features -
ADVANTAGE OF STUDY OF
CONSUMER BEHAVIOUR:
1. Saves from disaster
The failure rate of new product is
surprisingly high not only in
highly competitive economies of
USA,
Europe and Japan etc. but even in
India. For instance, Roohafza of
Hamdard succeeded well but
when
other companies tried like the
Dabur to produce similar
products they could not succeed.
Dabur had to
stop production of Sharbat,
because consumers did not like
its taste. Meghee became very
popular with
consumers but when other
companies tried they failed.
2. Helps in Development of New
products
Before launching a new product
proper study of consumer taste
behaviour avoids later failure and
loss.
This is particularly true for food
items and daily consumption
products. It is equally true for
fashion
goods like garments, cosmetics,
cigarettes and new flavours of
existing products. In certain cases
if a
product is reintroduced after a
long gap this type of study helps.
3. Helps in reorientation of
packaging
A great deal of importance is
being given to packaging for
quite some time by marketing
department
and marketing research. But
whether a particular packaging is
liked by consumers or not is a
recent
phenomenon. Consumer if likes
say packing helps in pushing
sales.Producers of vanaspati
( hydrogenated oil), milk, drinks
items, etc. have developed utility
packaging so that can be used for
refilling. In certain cases this fact
is advertised also.
4. Helps in product orientation
The study of consumer behaviour
helps find- out why consumer’s
are drifting away from a product
or
why they are not liking it. for
instance, some of Indian
toothpastes are being produced
for long like
Neem but it could not capture the
market. There are many other
instances when a new product has
been developed or reoriented to
again capture its old glorious
position.
5. Helps in Formulating Right
Marketing Strategy
If one studies well what factors
will influence demand of a
product accordingly production
and
marketing strategies can be
framed. Nirma in initial stages
succeeded in its washing powder
only on
account of its price. It gave tough
competition to Hindustan Lever,
surf the market leader and today
Nirma has become a big
producer.In food item its taste
which decides whether customer
will buy it or
not . Besides big names event
small producers have succeeded
because of proper product.
ADVANTAGE OF STUDY OF
CONSUMER BEHAVIOUR:
1. Saves from disaster
The failure rate of new product is
surprisingly high not only in
highly competitive economies of
USA,
Europe and Japan etc. but even in
India. For instance, Roohafza of
Hamdard succeeded well but
when
other companies tried like the
Dabur to produce similar
products they could not succeed.
Dabur had to
stop production of Sharbat,
because consumers did not like
its taste. Meghee became very
popular with
consumers but when other
companies tried they failed.
2. Helps in Development of New
products
Before launching a new product
proper study of consumer taste
behaviour avoids later failure and
loss.
This is particularly true for food
items and daily consumption
products. It is equally true for
fashion
goods like garments, cosmetics,
cigarettes and new flavours of
existing products. In certain cases
if a
product is reintroduced after a
long gap this type of study helps.
3. Helps in reorientation of
packaging
A great deal of importance is
being given to packaging for
quite some time by marketing
department
and marketing research. But
whether a particular packaging is
liked by consumers or not is a
recent
phenomenon. Consumer if likes
say packing helps in pushing
sales.Producers of vanaspati
( hydrogenated oil), milk, drinks
items, etc. have developed utility
packaging so that can be used for
refilling. In certain cases this fact
is advertised also.
4. Helps in product orientation
The study of consumer behaviour
helps find- out why consumer’s
are drifting away from a product
or
why they are not liking it. for
instance, some of Indian
toothpastes are being produced
for long like
Neem but it could not capture the
market. There are many other
instances when a new product has
been developed or reoriented to
again capture its old glorious
position.
5. Helps in Formulating Right
Marketing Strategy
If one studies well what factors
will influence demand of a
product accordingly production
and
marketing strategies can be
framed. Nirma in initial stages
succeeded in its washing powder
only on
account of its price. It gave tough
competition to Hindustan Lever,
surf the market leader and today
Nirma has become a big
producer.In food item its taste
which decides whether customer
will buy it or
not . Besides big names event
small producers have succeeded
because of proper product.
CONCLUSION
They are able to realize the need of the product, extensive awareness of the
product, and suitable information sources of the product. They derive
characteristics through their experience of the product and make careful study
on the negative effect and quality of product.
Reliability of soap on skin, freshness, fragrance, moisturizing effect,
packaging, brand and side effects are the most important factors while
purchasing soap. Medical value, availability, popularity and promotional offers
are the moderating factors while buying soap. They are able to collect
information of the product through Television advertisements.
Consumer prefers the product, making the purchasing decision and expressing
the satisfaction level. The consumers have the tendencies brand shift if not
satisfied with the utilization of the product as well as availability in the market.
In the post –purchase satisfaction in consumers of predominant brand image and
quality of the product is important.
The success of a firm depends largely on its capability to attract consumers
towards its brands. In particular, it is critical for the survival of a company to
retain its current customers, and to make them loyalty the brand.
16% prefer medicated or herbal soap
28% prefer branded product
Basically people use soap for cleaning purpose and germs
protection purpose.
Dettol highly use product by the consumer for germs and cleaning
purpose.
Usability of Dove is more compared to other products
Even though Lux ad other products are more popular still people
prefer Dettol.
Company should increase availability of the product.
Dettol is more preferred as compared to price and availability.
REFERENCES