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A
DISSERTATION
ON
Customer preferences and customer satisfaction
with regard to specific brands of bikes (TVS,
HONDA and BAJAJ) under 150cc category between
the age group of 18-25 college going student on the
basis of Price, Fuel efficiency, Brand name, Style
and comfort -A case study of Yamuna Nagar
Submitted to
KURUKSHETRA UNIVERSITY, KURUKSHETRA
In the partial fulfillment for the degree of
Master of Business Administration(Session 2005-2007)
Under the supervision of: Submitted by:MISS DEEPIKA KOHLI MUKESH RANA
SENIOR FACULTY, MBA Uni. Roll. ..
TIMT Roll No. 1187/06Regst. No. 02-GNY-700
Tilak Raj Chadha Institute of Management &Technology
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(Approved by AICTE & Affiliated to Kurukshetra University, Kurukshetra)Yamuna Nagar-135001)
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ACKNOWLEDGEMENT
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Acknowledgement
I take this opportunity to express my profound debts of gratitude and
obligation, to my esteemed guide MISS DEEPIKA KOHLI Tilak Raj Chadha
Institute Of Mgt. & Technology, Yamuna Nagar, for his most valuable help
and creative suggestions at all stages of my work. His learned advice and
guidance always kindled inspiration in the face of difficulties encountered in
the course of this research work.
I am also thankful to my mentor Dr. R.K. Garg, Director, Tilak Raj
Chadha Institute of Mgt. & Technology, Yamuna Nagar, for allowing me to
work on this project work and for his kind help always.
I am highly grateful to my all lecturers and dedicated staff of Tilak
Raj Chadha Institute of Mgt. & Technology, Yamuna Nagar for their kindhelp from time to time.
I am also thankful to the respondents, all my friends and also to
various Auto experts for their kind and valuable guidance, whom I consulted
for my present work.
(MUKESH RANA)
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EXECUTIVE SUMMARY
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Executive Summary
To know about the consumer buying behavior and factor which
affect the consumer buying decision process. As the objectives of
my study is to analyze the customer perception and the customer
satisfaction to wards specific brands of bike (TVS, HONDA,
BAJAJ) between the age group of 18-25College going student on
the basis of Price, Fuel efficiency, Brand, Style and comfort name.
Consumer buyer behavior refers to the buying behavior of
final consumers individuals and households who buys services and
goods for personal consumption. Consumer behavior is influenced
strongly by culture, social, personal and psychological factors.
Culture factors include the set of basic values, perceptions, wants
and behavior learned by a member of society from family and other
important institutions. The social factors include consumers family,
small group, social roles and status. The personal characteristics
such as buyers age, life cycle stage, occupation, economic
situations and life style influenced by four major psychological
factors: Motivation, Perception, Learning, Belief and Attitudes.
In this era of cut throat competition, no company can even survive
in the market place without knowing its and its products strengths
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and weaknesses. It has to fortify itself against threats from the
environment and exploit its strengths or increase profits. And in
order to do so, the company has to conduct regular surveys to know
the customers opinions, needs, and preferences. This helps thecompany to manufacture the product like wise for each customers
expectations.
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ContentsSerial No. Page No.
1. Certificate
2. Acknowledgement
3. Executive summary
4. Contents
5. Introduction
Profile of the study Significance of the study
6. Objective of the study
7. Literature Review
8. Research Methodology
Sampling & Sample Design
Analytical Tools
Data Collection
Hypothesis Testing
Limitations of the study
9. Result & Discussions/Findings
10. Recommendation
11. Bibliography
12. Annexure
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INTRODUCTION
INTRODUCTION
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PROFILE OF THE STUDY
In this era of cut throat competition, no company can survive in the
market place without knowing its products strengths and
weaknesses. It has to fortify (Strengthen) itself against threats from
the environment and exploit its strengths for increasing profits. In
order to do so, the company has to conduct regular surveys to know
the customers opinions, needs, and preferences. This helps the
company to manufacture the product according to customers
expectations. It has now become more important for the customerconfidence and higher positioning of buyer perception. Thus,
Surveys becomes genuine key to success.
The Bike segment is Dominated by 4 major players viz.
HERO HONDA ,BAJAJ, TVS,ROYAL ENFIELD .Besides these,
there are players like HONDA( Alone) , LML, KINETIC,
SUZUKI.
The expanding Indian market, the growing size of the middle
class and the rise in aspirations of the youth along with opening up
of the Indian economy have collectively influenced the steady
growth of the two wheeler market in India. With leading foreign
brands in collaborations with Indian manufacturers entering theIndian market, the customer could not have asked for more. In fact,
the Indian bike market has grown immensely and the preference for
variety looks, design has brought in a number of models in the
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market. In the last 3 to 4 years, the craze for motorcycle over the
scooters has picked up and one can find today even girls crazy for a
motorbike not only in the Metros but in small towns and cities also.
Trying to catch up with these, manufacturers are busy working
out on customer profiles. With the increase in competition one can
find a think of discounts including: cash rebates and free accessories
to push sales of the commuter bikes. Certain changes are also visible
as far as customer preferences are concerned. The basic 100cc bike
market is suddenly experiencing a slow down in the growth. This
Commuter bike was a favorite till the other day, commanding up to
90% of the total bike sales. The shift towards 150 cc bikes is
suddenly discernable and the segment is expected to grow in near
future. Manufacturers are now rushing in to introduce bikes in this
segment. Bajaj has launched Pulsar-Dtsi 150cc higher on the power
ladder, Honda has come up with Unicorn and TVS has recently
launched Apache.
The customer is the basic ingredient of
marketing. The development of marketing strategy is based on
understanding of consumer and there behavior. The present study
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attempts to understand the behavior of consumer for their choice in
purchasing two-wheeler with special reference to bikes like
Honda(Unicorn), TVS (Apache), and Bajaj(Pulsar 150cc). But
consumer behavior and the derived consumer satisfaction cannot beintact. Now days the two wheeler industry is growing at its fast
speed. The competition is very hard and so many choices are
available to customers. Here I have tried to find out the level of
customer satisfaction regarding (Unicorn, Apache, and Pulsar) two
wheelers and also what modification they want in their products. So
the study is all about the customers preference and their satisfaction
with regard to bikes coming under 150cc segment.
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BIG PLAYERS IN
THE BIKE
SEGMENT
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Bajaj Auto Limited is one of the pioneering companies in the two
wheeler industry. Bajaj Auto has a vast network of about 1500
service centers and 500 dealers all over India. It has 3 manufacturing
plants located at Akurdi, Waluj and Chakan in Maharashtra. The
company's technology partner is Kawasaki Heavy Industries, Japan.
The company exports to ASEAN region, South America and Africa.
MILESTONES
1945 - Bajaj Auto comes into existence as M/s Bachraj Trading
Corporation Private Limited.
1948 - Sales in India commence by importing two- and three-
wheelers.
1959 - Bajaj Auto obtains license from the Government of India to
manufacture two- and three-wheelers.
1960 - Bajaj Auto becomes a public limited company. Bhoomi
Poojan of Akurdi Plant.
1970 - Bajaj Auto rolls out its 100,000th vehicle.
1971- The three-wheeler goods carrier is introduced.
1972 - The Bajaj Chetak is introduced.
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1975 - BAL & Maharashtra Scooters Ltd. joint venture.
1976 - The Bajaj Super is introduced.
1977 - The Rear Engine Autorickshaw is introduced. Bajaj Auto
achieves production and sales of 100,000 vehicles in asingle financial year.
1981 - The Bajaj M-50 is introduced
1984 - Foundation stone laid for the new Plant at Waluj,
Aurangabad.
1986 - The Bajaj M-80 and the Kawasaki Bajaj KB100
motorcycles are introduced. 500,000 vehicles produced and
sold in a single financial year.
1990 - The Bajaj Sunny is introduced
1991 - The Kawasaki Bajaj 4S Champion is introduced.
1998 - Kawasaki Bajaj Caliber rolls out of Waluj.
2001- Bajaj Auto launches its latest offering in the premium bikesegment Pulsar. The Eliminator is launched.
2003- Pulsar DTS-i is launched.
2004 - Bajaj unveils new brand identity, new symbol, logo
and brand line
2007 - 200 cc Pulsar DTS-i launched
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Bajaj Pulsar DTSi 150cc
Generation next technology included in the package of the
equipments of this high flying bike is the revolutionary digital
biking. Digital biking is the combination of various advanced
systems like Digital Twin Spark ignition (DTSi). Its highly
masculine outlook with sporty, dashing structure gives the complete
satisfaction of dare riding. Bajaj Pulsar enables its rider to tackle the
situation of overcrowded street due to the presence of 17" alloy
wheels with 1330 mm wheelbase. Its comfort statement includes
front telescopic suspension, Nitro X - Nitrogen assisted rear gas
shockers with triple rated spring. Due to these comfort features, this
bike is highly accommodative in any terrain.
Feeling of proper riding is provided by different
high end features like improved clutch, cylinder head with Roller
Rocker Arms, optimized intake and exhaust systems & new valve
timings. Its advanced Exhaust TEC (Torque Expansion Chamber)
technology ensures the higher performance at lower rpm.
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TVS Motor Company is part of Sundaram Clayton group in TVS
group of companies. TVS Motor Company is the main flag ship
company of Sundaram Clayton group. TVS Motors is the third
largest two-wheeler manufacturer in Indian and ranks among the topten globally. It is the first company in the world to be honored with
the Deming Prize for Total Quality Management. The Company was
the first in India to launch 2-seater 50cc moped and 100 cc Indo-
Japanese Motorcycles. At Present TVS Apache, TVS Victor, TVS
Scooty, TVS Centra and TVS Fiero are the popular bikes in Indian
Market.
MILESTONES
Indias first 2 seater 50cc Moped TVS 50, launched in Aug
1980.
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In 1982 SCL established Joint Venture with Suzuki Motor
Corporation.
In 1994 the company entered the market segment of scooters
with introduction of Scooty 2S, which was totally an
indigenous design.
Introduced India's first catalytic converter enabled motorcycle,
the 110cc Shogun in Dec 1996.
Launched India's first 5-speed motorcycle, the Shaolin in Oct
1997.
Launched TVS Victor, 4-stroke 110 cc motorcycles, in
August 2001; Indias first fully indigenously designed and
manufactured motorcycle.
In 2000 the first 4 stroke motorcycle was launched called
Fiero
Launched TVS Star in Sept 2004, a 100 cc motorcycle whichis ideal for rough terrain
Launched TVS Apache in Nov 2005. It finally went on to be
the Bike of the Year for2006, winning 6 prestigious awards
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TVS Apache
TVS Apache with its shapely streamlined tank and engine
design is really an eye -stopper. Its smooth and flawless finish
makes this bike desirable to the market. Its tough but light 6
spoke black alloy wheels are really supportive for better controland excellent riding of this two wheeler. Its uniquely designed
head lamp has become one of the best head turner in the market
of two wheelers.
Its 240 mm disc brake is helpful in stopping one in any
sudden situation to avoid accident. Its all gear start and low
friction engine with RCF technology are the key factor of better
efficiency of this bike. It is further equipped with various
upgraded technology like monotube inverted gas filled shocks,
IDI lean burn, iE surge (intake and exhaust resonator), synchro
stiff chassis etc. for the proper safety and security of the persons
seating on the bike.
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Its symbol, the Wings, represents the company's unwavering
dedication in achieving goals that are unique and above all,
conforming to international norms. These wings are now in India
as Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI), a whollyowned subsidiary of Honda Motor Company Ltd., Japan. In
September 2004, Honda Motorcycle and Scooters India Limited
(HMSI), the wholly owned subsidiary of the Japan-based Honda
Motor Company Limited (HMCL), launched its first 150cc
motorcycle named 'Unicorn.' Priced at Rs. 50,043 (ex-showroom
price, Delhi), Unicorn had a four stroke 13.3 bhp engine with five
gears. The new bike was available in five colours and was
designed to achieve a speed of 0 to 60 kmph in five seconds.
Unicorn was promoted with the caption "Be a wing rider." (Refer
Exhibit I for a visual of Unicorn). Targeted at youth, Unicorn
looked sportier than all the existing motorcycles in the premiumsegment and was pitted against Bajaj Pulsar, the leader with 75
percent market share in that segment.
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Honda Unicorn
This bike with powerful 4 stroke 150 cc engine delivering output
of 13.3 bhp engine clubbed with many other high end equipments
like Constant Volume (CV) Carburetor, pulse exhaust system,
offset crank and 2 way air jacket. Its multi mapping CDI, roller
rocker arm, 5 speed gears, tumble free combustion etc. determine
the performance as well as its aesthetic value. Its aerodynamic
body lining, sporty and sleek design, appealing tail lamp and
excellent body graphics etc are enhancing its style statement day
by day. Unique shock absorbing mono suspension prevents
discomfort due to the sudden jerk caused by uneven road. Its
flexible seating arrangement, ample foot space gives the total
comfort of journey. Fully equipped with various cutting edge
technologies, this bike comes with hole plugging mechanism, tuff
up tube, easy primary kick etc.
CONSUMER BEHAVIOUR
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Before getting into details of Consumer Behaviour, one must go
through certain basic terminologies. In general terms both
Consumer and Customer are considered the same but they are
quite different.The term Customer is some what different from the term
consumer. The term customer is used to refer to someone who
purchases goods and services from a particular store or company.
Thus a customer is defined in terms of a specific term while a
consumer is not
Consumer may be referred to any one engaged in evaluating,
acquiring, using or disposing of goods and services which he
expects will satisfy his needs.
So ultimately Consumers are that individual who
consumes or uses a product, which may or may not be purchased by
him.So after getting into these terms we need to get into the details of
Consumer Behaviour.
Consumer Behaviour Consumer behaviour refers to how a
consumer behaves or acts or reacts in making a purchase of goods
and services of his choice in different situations
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The term consumer Behaviour can be defined as, The behaviour
that consumers display in searching for purchasing, using,
evaluating and disposing of products, services and ideas which they
expect will satisfy their needs.- Leon G. Schiffman and Leslie Lazar Kanuk.
The study of consumer behaviour not only focuses on how and why
consumers make buying decisions, but also focuses on the uses
which consumers make of the goods they buy and their evaluation
of these goods after use. If the goods after use dont satisfy the
consumers, they my feel dissatisfied perhaps because post- purchase
services are not up to their satisfaction, and thus, this may influence
their purchase of the goods and it may also influence the buying
decision of many others who might come in contact with them.
The detailed study ofConsumer Behaviour orConsumer
Preferences focuses on- Who Buys products or services? How do they buy products or services? Where do they buy them? How often do they buy them? When do they buy them? Why do they buy them? How often do they use them?
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These questions will help in understanding the factors that influence
the decision making process of the consumers. The buyers decision
making process includes the following:-
1. Problem recognition
2. Information search
3. Evaluation of alternatives
4. Purchase decision
5. Post purchase behaviour
1. Problem recognition: - First and the foremost step is to
identify the problem i.e. what actually one wants with regard
to the product.
2. Information Search: - Second step is to search the relevant
information regarding the Product which one wants.
3. Evaluation of alternatives: - Third step is to evaluate the
collected information i.e. analyze the information.
4. Purchase decision: - In forth step the product is actually
purchased.
5. Post purchase behaviour: - In fifth step the consumer
actually reacts against the quality, quantity etc received afterthe purchasing the product i.e. in this stage he reacts on the
basis of his getting satisfied after the purchase of the product.
The buyers decisions include the following:-
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Product choice
Brand choice
Dealer choice
Purchase timing
Purchase amount.
Consumer perception
How do Buyers form their preference? Their preferences areinfluenced by their past buying experience, friends and associates
advice, and the marketers and competitors information and
promises.Though customer preference is a very qualitative term and
it is very difficult to measure. In this study an effort has been made
to measure the customer preference level.
Customer Satisfaction
Satisfaction is a persons feelings of pleasure or
disappointment resulting from comparing a products perceived
performance in relation to his or her expectation
As the definition makes it clear, satisfaction is a function of
perceived performance and expectations. If the performance falls
short of the expectations of the customer, the customer is
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dissatisfied. If the performance exceeds the expectations, the
customer is highly satisfied or delighted.
Many companies are aiming for high satisfaction because
customers who are just satisfied still find it easy to switch, when abetter offer comes along. Those who are highly satisfied are much
less ready to switch. High satisfaction or delight creates an
emotional affinity with the brain, not just a rational preference. The
result is high customer loyalty.
In this highly competitive world customers plays a very
important role. Thus, if a company wants to survive then it should
look forward to the determinants of customer satisfaction. Though it
is a very subjective issue that differs from individual to individual
yet, identifying some basic parameters of customer satisfaction is
important.
Satisfaction is a persons feeling of pleasure anddisappointment resulting from comparing a products perceived
performance in relation to his or her expectations. It is only the
customer delight that marketer aims for.
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Significance of the study
To know about the customer preference and decision processwith regard to 150cc bike.
To know the Basic consumer buying behaviour and thereasons because of which they switch from one company to
another.
To know about the companys details (profile, Products)
This study would help in revealing the type and specific
qualities of the bikes offered by the company to their
consumers.
To study the satisfaction level of consumers who uses bikes. To study the factors influencing consumers to buy 150cc
bikes.
To study effect of advertisement on the purchasing decision of
the consumers
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OBJECTIVES OF
THE STUDY
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Objectives of the study
The clear purpose or objective of the research enables the researcher
to collect necessary relevant information. The objective of theresearch is to know the Customer preferences and
customer satisfaction with regard to specific brands
of bikes (TVS, HONDA and BAJAJ) under 150cc
category between the age group of 18-25 College
going student on the basis of Price, Fuel efficiency,
Brand, Style and comfort name.
. Knowledge about two-wheelers (Bikes).
Knowledge about the market share of two- wheeler.
To know about the leaders of the market in two wheelers
(Bikes).
Find out the quantum of customer satisfaction with respect to
150cc bikes especially the college going students within the
age group of 18-25.
Determine the influence of reference group in the purchase
decision of college going students.
Find out the ways for improving of the services to attain level
of customer satisfaction.
Study area: YAMUNA NAGAR
Target segment: COLLEGE GOING STUDENTS
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LITERATURE
REVIEW
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LITERATURE REVIEW
Once the problem is formulated, the researcher has to undertake an
extensive literature survey related to problem. The literature survey
undertaken here includes books and different websites from the
internet.
The research project was to know the Customer
preferences and customer satisfaction with regard to
specific brands of bikes (TVS, HONDA and BAJAJ)
under 150cc category between the age group of 18-25College going student on the basis of Price, Fuel
efficiency, Brand, Style and comfort name.
Schiffman. G. Leon and kanuk lazare Leslie 1 - Study of
the customer behaviour is the study of how individuals make
decisions to spend their available resources (Time, Money andEfforts) on consumption related items. It includes the study
what they buy, whey they buy it, when they buy it, where they
buy it, how often they buy it and how often they use it. The
primary purpose for the study consumer behaviour as apart of
marketing curriculum is to understand how and how customers
make their purchase decisions. There insights enable
marketers to design more effective marketing strategies.
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Gupta.C .B and Dr. Nair. N.Rajan 2- A business is based
on understanding the customer and providing the kind of
products that the customer wants.
Mamoria C.B. and Mamoria Satish
3
-Consumer behaviouris the process where by individuals decide what, when, where,
how and from whom to purchase goods and services. Buying
behaviour may be viewed as an orderly process here by
individual interacts with his environment for the purpose of
making market decision on products and services.
Nair Suja. R.4 -The success of the firm will be determined by
how effective it has been in meeting the diverse customer
needs and wants by treating each customer as unique and
offering products and services to suit his/her needs.
Bennett Peter.D. And Kassarjian Haroldh5 - A great deal
of research activity in marketing is design to shed light on thecustomer decision process.
Kothari C.R.6 For data analysis different statisticaltechniques are being used such as scaling techniques,correlation, hypothesis testing.
http://www.tvsapache.com/home.aspx http://www.bajajauto.com/pulsar/ http://www.honda2wheelersindia.com/unicorn/ride_n_fly/be_a
_wing_rider.asp http://auto.indiamart.com/motorcycles/
http://www.tvsapache.com/home.aspxhttp://www.bajajauto.com/pulsar/http://www.honda2wheelersindia.com/unicorn/ride_n_fly/be_a_wing_rider.asphttp://www.honda2wheelersindia.com/unicorn/ride_n_fly/be_a_wing_rider.asphttp://auto.indiamart.com/motorcycles/http://www.tvsapache.com/home.aspxhttp://www.bajajauto.com/pulsar/http://www.honda2wheelersindia.com/unicorn/ride_n_fly/be_a_wing_rider.asphttp://www.honda2wheelersindia.com/unicorn/ride_n_fly/be_a_wing_rider.asphttp://auto.indiamart.com/motorcycles/ -
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RESEARCH
METHODOLOGY
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RESEARCH
METHODOLOGYResearch Methodology is a way to systematically solve the research
problem, which is a science of study how research is done
scientifically. Thus research methodology encompasses the research
methods or techniques; the research is capable of being evaluated
either by the researcher himself or by others.
SAMPLINGSampling may be defined as the selection of some parts of an
agreement or totality for the purpose of study. All the items in
any field of inquiry constitute a universe or population, a
complete enumeration of all the items in the population is
known as Census inquiry. But when the field of inquiry is
large this method becomes difficult to adopt because of the
limited no. of resources involved in the case sample survey
method is chosen under which units are selected in such a way
that they represent the entire universe.
SAMPLING DESIGN
CENSUS METHOD: - All the items in any field of
inquiry constitute a Universe or Population. A complete
enumeration of all the items in the Population is known as a
Census inquiry. It can be presumed that in such an inquiry,
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when all items are covered, no element of chance is left and
highest accuracy is obtained. But in practical it is not true in
all cases. This type of inquiry involves a great deal of time,
money and energy. Therefore, when the field of inquiry islarge, this method becomes difficult to adopt because of the
resources involved.
SAMPLING METHOD:- When field studies are
undertaken in practical life, consideration of time and cost
almost invariably lead to a selection of respondents i.e.
selection of only few items. The respondent selected should be
as representative of total population. These respondents
constitute what is technically called a Sample and the
selection process is called Sampling Technique. The survey
so conducted is known as Sample Survey.
Implementation of Sample Design: - A sample design is a
definite plan for obtaining a sample from a given population. It
refers to the technique or the procedure the researcher would adopt
in selecting items for the sample. Sampling design may as well lay
down the number of items to be included in the sample i.e. the size
of sample. Sample design is determined before the data are colleted.
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Steps In Sampling Design :- While developing a research
design following items are taken into consideration:-
I. Type of universe: - First and the foremost step is toclearly define the universe to be studied. As I have
taken the area of Yamuna Nagar City (Haryana), so
for me here the universe is Yamuna Nagar area. No
doubt it is a finite universe but the area is very big and
cant be covered easily due to shortage of time.
II. Sampling unit: - A decision has to be taken
concerning a sampling unit before selecting sample.
Here my sample unit includes college going students
who own bikes.
III. Size of sample: - This refers to the number of items
to be selected from the universe to constitute a
sample. Here I have taken the sample of 200 College
going students who have bikes.
IV. Parameters of interest: - In determining the sample
design, one must consider the question of the specific
population parameters which are of interest. Here I
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had taken only college going students who own their
bike.
V. Sampling procedure: - Finally the technique of
selecting the sample is to be dealt with. That meansthrough which method the sample has been collected.
There are various types of selecting the sample. This
includes probability sampling, random sampling,
stratified sampling, cluster sampling, convenience
sampling. Here I have used the cluster sampling
method for data collection, as Yamuna Nagar area is
very big and there are many colleges as well as the
hostels.
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Analytical tool
Multi Dimensional Scaling
Multidimensional scaling (MDS) is a method for analyzing a(similarity or dissimilarity) proximity matrix based on a set ofobservations. The purpose of MDS is to model the proximity ofobservations in order to represent them as accurately as possible in alimited number of dimensions (usually 2). There are different MDSalgorithms: XLSTAT uses the SMACOF (Scaling by Majoring aConvex Function) algorithm that minimizes the "normalized stress"function. Furthermore, there are several MDS models (or
representation functions), i.e. several ways to transform thedissimilarities into disparities. The disparities are the distances thatdescribe the optimal representation for the observations. Thedifference between the disparities and the distances measured on therepresentation resulting from the MDS is called the stress: the lowerthe stress, the better the representation of the observations.
When the representation function simply respects the relative order
of the observations, one speaks about ordinal MDS or non-metricMDS. When the dissimilarities are transformed into disparities usinga specific parametric function, one speaks about metric MDS. Thefollowing models are available in the current version of XLSTAT:
Metric MDS
Absolute MDS: each dissimilarity dij must exactly match the
distance between points i and j in the representation space.
Ratio MDS: the ratio of all distance pairs in the representationspace must correspond to the ratio of the correspondingdissimilarities.
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Interval MDS: the ratio of all differences between distancesin the representation space must correspond to the ratio of thedifferences of the corresponding dissimilarities.
Note: the current version of XLSTAT does not support negative
disparities that may occur if you use the "interval" model. If an errormessage is displayed on this subject, you must use another model to
process your data.
Nonmetric MDS
ordinal (1): the order of the distances in the representation
space must correspond to the order of the correspondingdissimilarities. If there are two dissimilarities of the same rank, thenthere are no restrictions on the corresponding distances.
ordinal (2): identical to the previous model, but ifdissimilarities exist in the same rank, the corresponding distancesmust be equal.
The stress measures the quality of the representation for a givennumber of dimensions. The lower it is, the better the representation.Various formulas have been proposed by different authors.Although the minimization is always based on the normalized stress,XLSTAT allows to show the results using the four formulas defined
below:
Raw stress: it gives the quality of the representation based onthe squared errors of the representation compared with the
disparities. The formula gives:
Where Dij is the disparity between individuals i and j, and dij is theEuclidean distance on the representation for the same individuals.wij is the weight of the ij proximity (value is 1 by default).
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Normalized Stress: it gives the quality of the representationbased on the squared errors of the representation compared with thedisparities, divided by the sum of the squared disparities. Theformula gives:
Kruskal's stress 1: it gives the quality of the representationbased on the square root of the squared errors of the representationcompared with the disparities, divided by the sum of the squareddistances on the representation. The formula gives:
Kruskal's stress 2: it gives the quality of the representationbased on the square root of the squared errors of the representationcompared with the disparities, divided by the sum of the squared
centered distances on the representation. The formula gives:
where is the average of the distances on the representation. Thisformula usually results in a stress value that is approximately twicethe value obtained for Kruskal's stress 1.
In order to know if the representation quality is good enough, somerules exist, mostly based on the Kruskal's stress 1. However, the
Shepard diagram that allows to compare the dissimilarities with thedistances and to observe some ruptures in the ordination of thevalues is a empirical but reliable method. The more the chart lookslinear, the better the representation. The way the stress evolves whenthe number of dimensions decreases is also interesting to detect if asignificant amount of information is being lost in the selectedrepresentation.
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Correlation
One of the Statistical tool which I am going to apply in my project
i.e. correlation. Correlation is their when change in the value of one
variable influences the change in the value of other variable.
The statistical tool with the help of which relationshipbetween two or more than two variables are studied is called
correlation
It refers to the techniques used in measuring the closeness of the
relationship between the variables.
Correlation analysis deals with the association between two ormore variables.
Correlation
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Let us take the hypothesis as:-
H0 = Let there is no correlation between various factors like Price,
Brand name, Fuel Efficiency, style & comfort and the Purchase of
bike(HONDA,BAJAJ and TVS)
H1 = Let there is correlation between various factors like Price,
Brand name, Fuel Efficiency, style & comfort and the Purchase of
bike(HONDA,BAJAJ and TVS)
X
Dx
Y
Dy
HONDA BAJAJ TVS
-1 0 1 F f dy fdy2 fdxdy
Price -2 23 4 5 32 -64 128 36
Brand -1 14 24 4 42 -42 42 10
Fuel Efficiency 0 18 10 6 34 0 0 0
Style 1 32 6 12 50 50 50 -20
Comfort 2 20 17 5 42 42 168 -30f 107 61 32 200 28 388 -4
fdx -107 0 32 -75
fdx2 107 0 32 139
fdxdy -12 0 8 -4
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Coefficient of Correlation =
r = N fdxdy - fdxfdy
Nfdx2-(fdx)2 Nfdy2-(fdy)2
r = 200x-4 (-75)(28)__________
27800-5625 77600-784
r = +0.0314
Hence it has been proved that there is a correlation between various
factors and purchase of bikes.
Data Collection
The task of data collection begins after the research program has been
defined and research design plan has been checked out. The data collected is
important part of research.
DATA COLLECTION METHOD
In the data collection method different methods are adopted for primary data
collection and secondary data collection.
PRIMARY DATA COLLECTION
Primary data is the data which is collected through observation or
direct communication with the respondent in one form or another. These
are several methods for primary data collection like Observation
method, Interview method, through schedule, through questionnaires
and so on.
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But as time was limited so, the relevant data was collected from the
selected units by adopting and arranging personal interview with the
shopkeeper and dealer along with a pre structured questionnaire. In this
method I thank the views of shopkeepers and dealer through the use of
questionnaire and general interview.
SECONDARY DATA COLLECTION
The companys past database is taken into reference along With
company brochures.
DATA COLLECTION INSTRUMENTS
The data collection instruments used in the study is mentioned below:-
o QUESTIONNAIRE
The method of data collection is quite popular. I prepared a
questionnaire after knowing the different objectives of the study and
considering all the things that are required for studying the dissertation
topic.
Hypothesis Testing(By applying Chi-Square)
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Chi-square test is used when the set of observed frequencies
obtained after experimentation have to be supported by hypothesis
or theory. The test is known as X2- test of goodness of fit and is
used to test if the deviation between observation (experiment) and
theory may be attributed to chance (fluctuations of sampling).
Here we have the assumption of H0 and H1. If the values come in
accordance to the depicted values then the hypothesis is accepted
else its rejected.
(O-E) 2x2 = where,
E
O = observed frequency
E = Expected frequency
Chi-square test
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Let us take the hypothesis as:-
H0 = Let there is no correlation between various factors like Price,
Brand name, Fuel Efficiency, style & comfort and the Purchase of
bike(HONDA,BAJAJ and TVS)
H1 = Let there is correlation between various factors like Price,
Brand name, Fuel Efficiency, style & comfort and the Purchase of
bike(HONDA,BAJAJ and TVS)
Honda TVS BAJAJ f
Price 4 5 23 32
Brand 24 4 14 42
Fuel
Efficiency
10 6 18 34
Style 6 12 32 50
Comfort 17 5 20 42
f 61 32 107 200
EXPECTED
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HONDA TVS BAJAJ f
Price 9.76 5.12 17.12 32
Brand 12.81 6.72 22.47 42
Fuel
Efficiency
10.37 5.44 18.19 34
Style 15.25 8 26.75 50
Comfort 12.81 6.72 22.47 42
f61 32 107
200
Observed Value Expected value (O-E)2 (O-E)2/E
4 9.76 33.06 3.38
24 12.81 125.21 9.77
10 10.37 0.136 0.013
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6 15.25 85.56 5.61
17 12.81 17.55 1.37
5 5.12 0.014 0.002
4 6.72 12.83 1.90
6 5.44 0.13 0.056
12 8 16 25 6.72 2.95 0.43
23 17.12 34.57 2.01
14 22.47 71.74 3.19
18 18.19 0.036 0.001
32 26.75 27.56 1.003
20 22.47 6.100 0.27
2 Calculated = 31.033V = (r-1) (c-1) = (5-1) (3-1) = 8
for V =8 20.05 table value = 15.5
So, 2 0.05 table value is less than 2 calculated value, so hypothesis
(Null) is rejected and the alternate hypothesis is accepted. Therefore there is
a correlation between various factors like Price, rand name, Fuel
Efficiency, style & comfort and the Purchase of bike (HONDA, BAJAJ andTVS)
Limitation of the study
Respondents answers may be biased.
Price of the bikes is confined only to a particular period.
Time constraint.
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The main limitation of the study is that the survey will be
limited to Yamuna Nagar.
There is Difference between X-showroom prices of bikes in
one city with respect to other.
Lack of researchers experience might result into biasness.
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RESULTS ANDDISCUSSIONS
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Results and DiscussionsTable 1
Are your aware about 150 cc bike brands available in the
market?
Are your aware about
150 cc bike brands
available in the market?
No. of respondents
Fully Aware 93
Aware 76
Less aware 31
Table 1 shows that 93 of respondents are fully aware about 150 cc
bikes in market, 76 of respondents just aware about 150 cc bikes and
only 31 of respondents are have little bit knowledge about 150cc.
93
76
31
0
20
40
60
80
100
No.ofrespondents
Fully Aware Aware Less aware
Are your aware about 150 cc bike brands
available in the market ?
Fig. 1
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Table 2
How do you come to know about this brand/model of
150 cc bike?
How do you come to knowabout this brand/model of
150cc bike?
No. of respondents
Friends 45
Advertisement 87
Publicity 10
Family members 47
Any other 11
Table 2 shows that 45 of respondents came to know about brand ofbikes from friends, 87 of respondents came to know about brand ofbikes from advertisement, 10 of respondents came to know aboutbrand of bikes from publicity, 47 of respondents came to knowabout brand of bikes from family members and 11 of respondentscame to know about brand of bikes from other sources.
45
87
10
47
11
0
1020
30
40
50
60
70
80
90
No
.ofrespondents
Friends Advertisement Publ ici ty Fami ly
members
Any other
How do you come to know about this brand/model of 150 CC bike
?
Fig. 2
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Table 3
Which factor influence you more to purchase a bike?
Which factor influence you
more to purchase a bike?
No. of respondents
Brand image 53
Fuel efficiency 81
Price 27
Comfort 17
Syle 25
Table 3 shows that 53 respondents are influenced to purchase a bikefrom its brand image, 81 respondents are influenced to purchase a
bike from its Fuel efficiency, 27 respondents are influenced topurchase a bike from its lesser Price, 17 respondents are influencedto purchase a bike from its Comfort, 25 respondents are influencedto purchase a bike from its Style.
53
81
27
1725
0
20
40
60
80
100
No.ofrespondents
Brand image Fuel ef ficiency Price Comf ort Syle
Which factor influence you more to purchase a bike ?
Fig. 3Table 4
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Are you satisfied with its overall performance?
Are you satisfied with its
overall performance?
No. of respondents
Fully Satisfied 41
Satisfied 104
Moderate 42
Less satisfied 10
Poor 3
Table 4 shows that 41 of respondents are fully satisfied with the
performance of their bikes, 104 of respondents are satisfied with the
performance of their bike, 42 of respondents are moderate in
satisfaction with the performance of their bikes and 3 of respondents
are poorly satisfied with the performance of their bike.
41
104
42
103
0
20
40
60
80
100
120
No.ofrespondents
FullySatisfied
Satisfied Moderate Less satisfied Poor
Are you satisfied with its overall performance?
Fig. 4Table 5
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According to you which company gives the most benefit to
customers?
According to you which
company gives the most
benefit to customers?
No. of respondents
Honda 63
Bajaj 109
TVS 28
Table 5 shows that 63 of respondents are saying that the Honda is
providing more benefits of the services to the customers, 109 ofrespondents are saying that the Bajaj is providing more benefits ofthe services to the customers and 28 of respondents are saying thatthe TVS is providing more benefits of the services to the customers.
According to you which company gives the most
benefit to customers ?
63
109
28
Honda
Bajaj
TVS
Fig. 5
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Table 6
Which type of media influence your purchase behaviour?
Which type of media influence
your purchase behaviour?
No. of respondents
T.V. 114
Newspaper 33
Wall painting 5
Hording 12
Magazine 36
Table 6 shows that 114 of respondents and influence to purchasetheir bike through T.V., 33 of respondents and influence to purchasetheir bike through Newspaper, 5 of respondents and influence to
purchase their bike through Wall painting, 12 of respondents andinfluence to purchase their bike through Hording and 36 ofrespondents and influence to purchase their bike through Magazine.
114
33
512
36
0
20
40
60
80
100
120
No.ofrespondents
T.V. New spaper Wall painting Hording Magazine
Which type of media influence your purchasebehaviour ?
Fig. 6
Table 7
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Who influenced you more in your buying decision of bike?
Who influenced you more in
your buying decision of bike?
No. of respondents
Self 30
Family Member 54
Friends/Relative 98
Mechanics 18
Table 7 shows that 30 of respondents have influence their buyingdecision from their self decision, 54 of respondents have influencetheir buying decision from their family members, 98 of respondentshave influence their buying decision from their friends/relative and18 of respondents have influence their buying decision from theirMechanics,
30
54
98
18
0
20
40
60
80
100
No.ofrespondents
Self Family Member Friends/Relative Mechanics
Who influenced you more in your buying decision of
bike ?
Fig. 7
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Table 8
In your opinion, what role advertisement plays?
In your opinion, what role
advertisement plays?
No. of respondents
Provides important details 65
Creates awareness 125
Misleading 10
Table 8 shows that 65 of respondents are in favor that advertisement
provides important details, 125 of respondents are in favor thatadvertisement creates awareness and 10 of respondents are in favorthat advertisement Misleading.
65
125
10
0
20
40
60
80
100
120
140
No.ofrespondents
Provides
important details
Creates
awareness
Misleading
In your opinion, what role advertisement plays ?
Fig. 8
http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/ -
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RECOMMENDATI
ONS
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Recommendation
Recommendation refers to the outcome of the research work done
and the suggestions for implementation i.e. findings.
1. It is suggested that manufacturer should make all efforts to
control cost.
2. New technology should be applied according to the
requirement of the customer.
3. Provide various schemes which attract the customers.
4. Spare parts of the bikes should be easily available in the
market.
5. Bike should be fuel efficient.
6. Bike should be available in different colours so as to attract
college going students.
7. Bike should be given sportier look.
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BIBLIOGRAPHY
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BIBLIOGRAPHY
1. Schiffman Leon G. and Kanuk Leslie Lazar
Consumer Behaviour 6th edition Published by: Prentice-hall of
India Private Limited. ( page no. 2&6)
2. Gupta C.B. and Dr. Nair N. Rajan
Marketing Management 5th edition Published by: Sultan chand
& sons (page no. 1.69)
3. Mamoria C.B. and Mamoria Satish
Marketing Management 4th edition Published by: Kitab Mahal
(page no. 161)
4. Nair Suja R.
Consumer Behaviour Indian prospective Ist edition Published
by: Himalaya Publicating Home ( page no. 3)
5. Bennett Peter D. and Kassarjian Harold
Consumer Behaviour 8th edition Published by: Prentice-hall of
India Private Limited.(page no. 5)
6. Kothari C.R
Research Methodology Methods & Techniques 2nd edition
Published by: Wishwa Publication (page no. 151, 94-95)
7. http://www.tvsapache.com/home.aspx
8. http://www.bajajauto.com/pulsar/
9. http://www.honda2wheelersindia.com/unicorn/ride_n_fly/
be_a_wing_rider.asp
http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://auto.indiamart.com/motorcycles/http://www.tvsapache.com/home.aspxhttp://www.bajajauto.com/pulsar/http://www.honda2wheelersindia.com/unicorn/ride_n_fly/be_a_wing_rider.asphttp://www.honda2wheelersindia.com/unicorn/ride_n_fly/be_a_wing_rider.asphttp://www.honda2wheelersindia.com/unicorn/ride_n_fly/be_a_wing_rider.asphttp://www.tvsapache.com/home.aspxhttp://www.bajajauto.com/pulsar/http://www.honda2wheelersindia.com/unicorn/ride_n_fly/be_a_wing_rider.asphttp://www.honda2wheelersindia.com/unicorn/ride_n_fly/be_a_wing_rider.asp -
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10. http://auto.indiamart.com/motorcycles/
11. http://www.thehindubusinessline.com/iw/2004/11/28/stori
es/2004112800421500.htm
12. http://www.indiabike.com/infobank/unicorn/index.htm13. http://www.icmr.icfai.org/casestudies/catalogue/Marketin
g/MKTG098.htm
http://auto.indiamart.com/motorcycles/http://www.thehindubusinessline.com/iw/2004/11/28/stories/2004112800421500.htmhttp://www.thehindubusinessline.com/iw/2004/11/28/stories/2004112800421500.htmhttp://www.indiabike.com/infobank/unicorn/index.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://auto.indiamart.com/motorcycles/http://www.thehindubusinessline.com/iw/2004/11/28/stories/2004112800421500.htmhttp://www.thehindubusinessline.com/iw/2004/11/28/stories/2004112800421500.htmhttp://www.indiabike.com/infobank/unicorn/index.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htm -
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ANNEXURE
http://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htm -
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Questionnaire
1. Which Brand of bike you own?
2. What is the price of your bike?
3. How long do you own this Bike?
Less than six month
Six month
One year
Two year
More than 2 years
4. How fuel efficient your bike is?
5. What is the top speed (km/hs) of your bike?
6. Are you aware about the 150cc bike brands available in the market?
Fully aware
Aware
Less aware
7. Which of the following model/brand of 150cc motorcycle you like the
most
1 2 3
HONDA (Unicorn) -- -- --
BAJAJ (Pulsar 150cc) -- -- --
TVS (Apache) -- -- --
http://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htmhttp://www.icmr.icfai.org/casestudies/catalogue/Marketing/MKTG098.htm -
8/2/2019 Samir Final
66/78
8. How did you came to know about this brand /model of 150cc bike
Through friends
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