A Study On Brand Preference Final
A Study On Brand Preference Final
A Study On Brand Preference Final
CHAPTER-1
1.1 INTRODUCTION:
Brand preference is the measure of brand loyalty in which a consumer will choose a
particular brand in presence of competing brands, but will accept substitutes if that
brand is not available. Brand loyalty refers to the extent of the faithfulness of consumers
to a particular brand, expressed through their repeat purchases, irrespective of the
marketing pressure generated by the competing brands.
In every product category, consumers have more choices, more information and higher
expectations than ever before. To move consumers from trail place to preference, brands
need to deliver on their value proposition, as well as dislodge someone else from the
consumer’s existing preference set.
Preference is a scale, and brands move up, down and even off that scale with and without
a vigilant brand management strategy. Pricing, promotional deals and product
availability all have tremendous impact on the position of brand in the consumer’s
preference set. If all things are equal, the best defense is to make the brand more relevant
to consumers than the competition.
The brands potential can only be fulfilled by continually reinforcing its perceived quality,
Up market identity and relevance to the consumer. The same branding activities that
drive awareness also drive preference. And, while awareness alone will not sustain
preference, it will improve the brand’s potential for building and maintaining preference.
People begin to develop preferences at a very early age. Within any product category, most consumers
have a group of brands that comprise their preference set. These are the four or five
upmarket brands the consumer will consider when making a purchase.
When building preference, the goal is to first get on the consumer’s preference sets, and then to move up
the set’s hierarchy to become the brand consumers prefer the most – their upmarket brand. Gaining
and maintaining consumer preference is a battle that is never really won. Definitions of brand preference
are as follows:
Selective demand for a company’s brand rather than a product; the degree to which consumers prefer
one brand over another.
The percentage of people who claim that a particular brand is their first choice. In every product
category, consumers have more choices, more information and higher expectations than ever before. To
move consumers from trial to preference, brands need to deliver on their value proposition, as well as
dislodge someone else from the consumer’s existing preference set. Preference is a scale, and brands
move up, down and even off the sacle with and without a vigilant brand management strategy. Pricing
promotional deals and product availability all have tremendous impact on the position of our brand in
the consumer’s preference set. If all things are equal, the best defence is to make us more relevant to
consumers than the competition
The Indian two wheelers industry can be broadly classified into three major segments
i.e:-
1. Scooters
2. Motorcycles
3. Mopeds.
A number of t h e d o m e s t i c c o m p a n i e s p r o d u c e t o t h e a u t o m o b i l e i n d u s t r y
i n I n d i a a n d growing presence of multi -national investment to has increase
in overall growth. De-licensing in 1991 has put the Indian automobile industry
on a new growth track, attracting foreign auto gains to setup the production facilities in
the country to take advantage of various benefit it's offers. This took that
Indian automobile production from the 5.3 million units in the 2001 -02 to10.8
million unit in 2007-08.
This study is based on both primary data as well as secondary data. The primary data
were collected through questionnaires framed. Those questionnaires were the main tool
used for collecting the primary data and they were prepared in a systematic way with the
help of the guide. Secondary data were collected from newspapers, journals, magazines
and websites.
PRIMARY DATA:
Primary data is that data which is collected for the first time. For the purpose of
collection of primary data, a well structured questionnaire was framed which was filled
by the respondents.
SECONDARY DATA:
Secondary data was collected mainly from websites, journals, magazines & newspapers.
(O-E)^2
Chi-square = -----------------
E
Grand total
CHAPTER-2
REVIEW OF LITREATURE
REVIEW OF LITREATURE
M.Abdul Haneef, M.Edwin Gnanadhas, Mr.BA.Abdul Kareem, Mr.Vikas (2006):
In his study of automobile industry sector, he has mentioned that the two-wheeler
segment has recorded significant change in the past 4-5 years. The market for
motorcycles is growing and its sale rose by 27 percent annually during the last four years.
He pointed out that while the market for motorcycles is growing that for mopeds and
geared scooters is shrinking. This change in taste of the consumers is possibly due to the
technological change. Also most of the manufacturers like Hero, Honda, Bajaj, TVS had
reduced the prices of their entry level motorcycles in order to capture a bigger share of
the market.
In his study of two wheelers he out form the standpoint of means of personal
transportation. The two-wheeler has become an expression of the owner’s personality.
The customer in making his choice does evaluate the product in terms of utility, fuel,
economy, reliability, maintenance, affordability, performance, good after-sales service at
reasonable cost, availability of spare parts at economical prices, looks, safety and comfort
and ease of riding for driving. Total sales of two-wheelers in first eight months of 2001-
2002 had increased to 2.70 million units from 1.33 million units in the corresponding
period of the preceding year.
The study reveals that, the two-wheelers in India are used for variety of work such as
visiting people, carrying loads, outdoors jobs like selling and buying. In rural areas it
helps people to travel more frequently to nearby towns to their daily needs. The two-
wheeler has become a valuable support for increasing productivity and in turn the profit,
besides helping as a personal mode of transportation.
He also pointed out that a major part of growth in the two-wheeler industry has come
from motorcycles, which are considered fuel efficient, reliable and its suitability on rough
roads. As per his study, TVS, Suzuki, Hero, Bajaj dominates the two-wheeler scenes. The
study also says that due to stiff competition from automobile major Bajaj which is a
largest producer of scootrs the LML is facing considerably stiff competition. However,
dominance of this category has benn decliningbecause of shift in customer preferences
towards motor bikes.
Lutz (1981):
His research paper is aimed to determine the customer’s perception towards the
YAMAHA FZ motor bike. The study has been conducted in Burdwan, a district town in
West Bengal, India. In total 100 respondents filled the questionnaire. The respondents
were distributed on the basis of their age & income.
The degree of satisfaction of the customers for YAMAHA FZ motor bike has been
measured on the basis of scale (excellent, good, average, moderate, low, very poor etc).
Results reveal that consumers are very satisfied after using the product. Further results
shows that there is a significant relation between the brand name and the preference of
consumers. Hence, it has been recommended that the company should focus on fuel
economy, servicing cost of the bike inside the showroom and spare parts of the bike.
The success of the firm will be determined by how effective it has been in meeting the
needs and wants by treating each customer as unique and offering products and services
to suit his/her needs.
DR.S.K.Sinha & Ajay Wagh examined that India is one of the fastest growing
telecommunication markets of the twenty first century. The common man, artisans,
agricultural labours, vendors & workers from every walk of life are comfortably using
the services provided by telecom industries. The potential of capturing market segment
will surely depend upon understanding dynamics of customer’s preference.
According to Lewis & Boom, service quality is considered as a measure of how well the
service delivered matches customer’s expectations on providing a better service than the
customer expect. Organizational brand promotional strategies should be based on
developing innovative offers & products, developing cost friendly value driven packages
and tariffs, offering quality services after sales service & ability to make calls without
getting cut off & also to provide cheaper cost of calls to other networks.
Customer satisfaction has taken on National & International significance with the
development of National Satisfaction Barometers and indices in Sweden (Fornell, 1992),
the United States (Fornell, 1996) and Norway (Anderson and Lin, 1998). Indices have also
been pilot tested in New Zealand, Austria, Korea and the European Union. Yet it remains
to be seen whether these indices will develop on a global level and importantly, in what
form of critical importance to the validity and reliability of such indices is that the models
and methods used to measure customer satisfaction and related constructs continue to
learn, adapt, and improve over time. The goal of this research is to facilitate this work
and in keeping with current return on quality research we position customer loyalty as
the key.
CHAPTER-3
The company’s products includes motorcycles, scooters, motorizes bicycles, boats, sail
boats, personal water craft, swimming pools, utility boats, outdoor motors, 4-wheel
ATVs, recreational off-road vehicles, go-kart engines, golf carts, multi-purpose engines,
electrical generators, water pumps, snow mobiles, small snow throwers, automobile
engines, surface mounter, intelligent machinery, industrial use unmanned helicopters,
electrical power units, wheelchairs & helmets. The company also involved in the import
and sales of various types of products, development of tourist and management of leisure,
recreational facilities and related services.
Yamaha made its final foray into India in 1985. Subsequently, it entered into a 50-50 joint
venture with the escorts group in 1996. But, in august 2001, Yamaha acquires its
remaining stake as well as bringing the Indian operations under its complete control as a
100% subordinate of Yamaha Motor Company Ltd, Japan. India Yamaha motors
operates from its state of the art manufacturing units at Faridabad in Haryana and
Surajpur in Uttar Pradesh and produces motorcycles both for domestic and export
markets. With a strong workforce of 2000 employees, India Yamaha motor is highly
customer-driven and has a country wide network of over 400 dealers.
The company established the volume bike segment with the launch of its 100cc 2-stroke
motorcycle RX-100. Since then, it has announced an entire range of 2-stroke and 4-stroke
bikes in India.
3.2 VISION:
They well establish YAMAHA as the ”executive & trusted brand” of customers by
creating “kando” (touching their hearts) – the first time and every time with world class
products & services distributed by people having “passion for customer”.
3.3 MISSION:
Be the exclusive & trusted brand renowned for marketing and manufacturing of
YAMAHA products, concentrating on serving their customer where they can build long
term relationships by raising their lifestyle through performance excellence, proactive
design & innovative technology. Their innovative solution will always exceed the
changing needs of their customers and provide value added vehicles.
Build the Winning team with capabilities for success, prosperous in a climate for action
& delivering results. Their employees are the most valuable assets and they anticipate to
develop them to achieve international level of professionalism with progressive career
development. As a good corporate citizen, they will conduct their business ethically and
socially in a responsible manner with anxieties for the environment.
Grow through constantly innovating our business process for creating value and
knowledge across their customers thereby receiving the loyalty of their partners &
increasing their stakeholder value.
CHAPTER-4
24%
MALE
FEMALE
76%
INTERPRETATION:
In the above table, 80% of the respondents are 18 years - 22 years, 10% of the respondents
are between the age of 22 years – 26 years, 6% of the respondents are between 26 years –
30 years and 4% of the respondents are above the age of 30. In this, majority of the
respondents were aged between 18 years – 22 years.
4%
6%
10%
18 YEARS – 22 YEARS
22 YEARS – 26 YEARS
26 YEARS – 30 YEARS
80%
ABOVE 30 YEARS
INTERPRETATION:
In the above table, 68% of the respondents are completed their School level, 16% of the
respondents are Under Graduates, 4% of the respondents are Post Graduates and 12%
of the respondents are Professionals. In this, majority of the respondents are qualified till
school level.
4% 12%
INTERPRETATION:
In this table, 84% of the respondents are students, 2% of the respondents are
businessmens, 8% of the respondents are Government employees, 4% of the respondents
are Private Sector employees and 2% of the respondents are Professionals.
4% 2%
2%
8%
STUDENT
BUSINESSMEN
GOVERNMENT EMPLOYEE
84% PRIVATE SECTOR EMPLOYEE
PROFESSIONAL
INTERPRETATION:
In this table, 42% of the respondents earn below RS.10,000, 8% of the respondents earn
RS.10,001 – RS.15,000, 28% of the respondents earn between RS.15,001 – RS.20,000 and
22% of the respondents earn above RS.20,000.
22%
42%
BELOW 10000
10001 – 15000
28% 15001 – 20000
8% ABOVE 20000
INTERPRETATION:
In this table, 12% of the respondents reside in Rural area, 40% of the respondents reside
in Semi-Urban area and 48% of the respondents reside in Urban area.
12%
48%
RURAL
40%
SEMI-URBAN
URBAN
INTERPRETATION:
In this table, 82% of the respondents live as Nuclear family, 16% of the respondents live
as Joint Family and 2% of the respondents live as Extended type of family.
2%
16%
NUCLEAR
JOINT FAMI8LY
82% EXTENDED
INTERPRETATION:
In the above table, 72% of the families have below 5 members, 22% of the families have
5 – 7 members and 6% of the families have above 7 members.
6%
22%
BELOW 5 MEMBERS
5 – 7 MEMBERS
72%
ABOVE 7 MEMBERS
INTERPRETATION:
In the above table, 94% of the respondents are aware about the YAMAHA brand and
6% of the respondents are not aware of YAMAHA.
6%
YES
NO
94%
INTERPRETATION:
In the above table, 44% of the respondents were influenced by their friends, 10% of the
respondents were influenced by their relatives, 32% of the respondents were influenced
by TV advertisements, 9% of the respondents were influenced by Online advertisements
and 5% of the respondents were influenced by Newspapers.
9% 5%
44% FRIENDS
RELATIVES
32%
TV ADVERTISEMENTS
ONLINE ADVERTISEMENTS
10%
NEWSPAPERS
INTERPRETATION:
In the above table, 60% of the respondents are Highly satisfied, 20% of the respondents
are Satisfied, 20% of the respondents felt Neutral and None of the respondents was not
Dissatisfied.
20%
HIGHLY SATISFIED
SATISFIED
20% 60% NEUTRAL
DISSATISFIED
HIGHLY DISSATISFIED
INTERPRETATION:
In the above table, 33% of the respondents prefer Disk Breaking System, 40% of the
respondents prefer Mileage, 19% of the respondents prefer Alloy Wheels and 7% of the
respondents prefer After-Sales Service.
7%
19% 33%
INTERPRETATION:
In the above table, 8% of the respondents opted as Excellent, 64% of the respondents
opted as Good, 24% of the respondents opted as Satisfactory, 4% of the respondents
opted as Poor and none of the respondents opt Very Poor.
4% 8%
24%
EXCELLENT
GOOD
SATISFACTORY
64% POOR
VERY POOR
INTERPRETATION:
In the above table, 83% of the respondents say Free & Paid service are given same
importance and 17% of the respondents say they are not given same importance.
17%
YES
83% NO
INTERPRETATION:
In the above table, 46% of the respondents prefer YAMAHA RX-100, 22% of the
respondents prefer YAMAHA R15, 14% of the respondents prefer YAMAHA FZ, 15%
of the respondents prefer YAMAHA RAY and #% of the respondents prefer YAMAHA
CRUX.
3%
15%
46% YAMAHA RX-100
14%
YAMAHA R15
YAMAHA FZ
YAMAHA RAY
22%
YAMAHA CRUX
(O-E)^2
Chi-square = -----------------
E
LEVEL OF SATISFACTION
GENDER
1 2 3 4 5 Total
Female Count 3 8 9 5 0 25
% within
37.5% 38.1% 45.0% 27.8% .0% 33.3%
satisfaction
Male Count 5 13 11 13 8 50
% within
62.5% 61.9% 55.0% 72.2% 100.0% 66.7%
satisfaction
Total Count 8 21 20 18 8 75
% within
100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
satisfaction
Chi-Square Tests
INFERENCE:
The P value 5.752 is > 0.05, Hence there is no significant relationship between the
gender of the respondents and satisfaction level of Yamaha bikes.
AGE AWARENESS
NO YES Total
18 YEARS - Count 3 51 54
% within
100.0% 70.8% 72.0%
awareness
22 YEARS - Count 0 11 11
% within
.0% 15.3% 14.7%
awareness
26 YEARS - Count 0 7 7
% within
.0% 9.7% 9.3%
awareness
ABOVE 30 YE Count 0 3 3
% within
.0% 4.2% 4.0%
awareness
Total Count 3 72 75
Chi-Square Tests
INFERENCE:
The P value 1.215 is > 0.05, Hence there is no significant relationship between the age of
the respondents and awareness about Yamaha bikes.
1 2 3 4 5 Total
% within bike
25.0% .0% 22.2% 11.1% 25.0% 16.0%
preference
% within bike
25.0% 54.5% 55.6% 44.4% 29.2% 41.3%
preference
% within bike
50.0% 9.1% 11.1% 7.4% 8.3% 10.7%
preference
% within bike
.0% 36.4% 11.1% 37.0% 37.5% 32.0%
preference
Total Count 4 11 9 27 24 75
% within bike
100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
preference
Chi-Square Tests
INFERENCE:
The P value 15.118 is > 0.05, Hence there is no significant relationship between the
income of the respondents and bike preference.
CHAPTER-5
5.1 FINDINGS:
5.2 SUGGESTIONS:
Launch of new and different brands may turn the market oligopolistic.
Looks and style must not be over stressed as compared to quality and mileage.
Focus more on after sales service and pick-up of the bikes as the mileage, style &
performance are playing the major roles.
CHAPTER-6
CONCLUSION
CONCLUSION
I conclude that, from the survey I have done, the YAMAHA MOTOR BIKES has high
consumer brand preference and it is well known for its designs and performance and the
satisfaction is high towards all other factors of the bike except After Sales Service.
Mileage plays a main role in helping YAMAHA to become Most Preferred and Favourite
brand. Youth is the target for YAMAHA.
ANNEXURE
1. NAME
2. GENDER
Male
Female
3. AGE GROUP
18 YEARS - 22 YEARS
22 YEARS - 26 YEARS
26 YEARS - 30 YEARS
ABOVE 30 YEARS
4. EDUCATIONAL QUALIFICATION
SCHOOL LEVEL
UNDER GRADUATE
POST GRADUATE
PROFESSIONAL
5. OCCUPATION
STUDENT
BUSINESSMEN
PRIVATE SECTOR EMPLOYEE
GOVERNMENT EMPLOYEE
PROFESSIONAL
6. MONTHLY INCOME
BELOW RS.10,000
RS.10,001 - RS.15,000
RS.15,001 - RS.20,000
ABOVE RS.20,000
7. AREA OF RESIDENCE
RURAL
SEMI-URBAN
URBAN
8. TYPE OF FAMILY
NUCLEAR
JOINT FAMILY
EXTENDED
BELOW 5 MEMBERS
5 - 7 MEMBERS
MORE THAN 7 MEMBERS
YES
NO
FRIENDS
RELATIVES
TV ADVERTISEMENTS
ONLINE ADVERTISEMENTS
NEWS PAPERS
HIGHLY SATISFIED
SATISFIED
NEUTRAL
DISSATISFIED
HIGHLY DISSATISFIED
PRICE
STYLE
MILEAGE
PICK UP
DURABILITY
EXCELLENT
GOOD
SATISFACTORY
POOR
VERY POOR
Yes
No
YAMAHA RX-100
YAMAHA R-15
YAMAHA FZ
YAMAHA RAY
YAMAHA CRUX
BIBLIOGRAPHY:
WEBSITES:
www.google.com
www.wikipedia.com
www.shopyamaha.com
www.yamahamotors.com
www.zigwheels.com
www.yamahamotorsports.com
SNAP SHOTS: