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STATEMENT OF THE PROBLEM
There are so many maggi outlets in the market and it is a highly competitive
situation. The market is flouted with Indian and multinational company which
provides good quality. And have good market share.
So, we are not clear about what consumers feel about the various maggi outlets.
We are not aware of the attitudes of the consumers towards the various nestle
companies and particularly towards maggi And we also dont know how customers
are getting satisfaction from nestle maggi.
Mainly this project is aimed at finding out customers perception regarding
satisfaction levels towards maggi.
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THE MARKET
The concept of market is very important in marketing. The American
marketing association defines a market as the aggregate demand of the
potential buyers for a product or services.
P. Kotler defines a market as an area for potential exchanges. Thus a
market is a group of buyers and sellers interested in negotiating the terns of
purchase or sale of goods or services.
MARKETING
Marketing is a comprehensive term and it includes all resources and a
set of activities necessary to direct and facilitate the flow of goods and
services from producers consumers in the process of distr ibution.
Businessmen refer marketing process as distribution process. Human efforts,
finance and management constitute the primary resources in marketing.
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Marketing encompasses all activities of exchange conducted by
producers and middlemen in commerce for the purpose of satisfying
consumer demand. Marketing management is responsible for organizing,
directing and controlling all marketing activities included in the process of
marketing.
It deals with how organization and people can improve their exchange
activities to produce more income for themselves and more
satisfaction for others. The marketing concept is a philosophy that says that
organizations that create genuine consumer satisfaction usually succeed in
achieving organizational goals.
Marketing consist of a set of principles for choosing target markets,
identifying consumer needs ,developing wants ,satisfying products and
services and delivering value to customers and profit to the company. More
successful companies owe their success to practicing a through customer
orientation. They make consumer needs the basis of company opportunities.
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Thus marketing comprises an integrated system of business activities in
order to plan, price promote and distribute goods and services to meet
consumer needs within the limits of society.
DEFINITION OF MARKETING
P.kotler defines marketing as the set of human activities directed at
facilitating and consummating exchanges. The essence of marketing is
exchange of products and the transaction is to satisfy human needs and
wants.
The American marketing association defines marketing as the
performance of business activities that direct the flow of goods and services
from producer to consumer.
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IMPORTANCE OF MARKETING
Marketing is recognized as the most significant activity in our society.
Our life styles are continuously affected by a wide range of marketing
activities. Marketing alone can put goods and services we want and need at
our doorsteps.
Marketing has achieved social importance because it is entrusted with
the task of creation and delivery of standard of living to society.
Marketing is the vital connecting link between producers and
consumers. Marketing is directly responsible to maintain the equilibrium
between mass production and mass consumption.
Marketing system plays a unique role I transforming the benefits of
mass production in terms of rising living standards and life styles of all people
through the best system of physical distribution.
MARKETING FUNCTIONS
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Marketing functions are performed by the manufacturer and all
middlemen in the machinery of distribution. some of the important marketing
functions are :-
SELLING: - It is one function of the equation of exchange. Selling
creates demand for a product.
BUYING: - It is the second function of the equation of exchange. it
requires planning of purchases, search for probable sellers , selection of
goods to be sold.
STANDARDIZATION AND GRADING: - standardization makes sale
by description possible it assures quality. It promotes uniformity of
products.
FINANCING- credit is necessary in marketing. It plays an important
role in retail trade particularly in the sale of costly consumer goods.
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MARKETING MIX
Marketing mix is the set of controllable marketing variables that the firm
blends to products the response it wants in the target market. The variables
can be collected into four groups known as 4ps these are:-
PRODUCT MIX
Product is the thing possessing utility. It has four components:
Product range
Service after sale
Brand
Package
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PRICE MIX: -
Price is the valuation placed upon the product by the offered. It has to
cover pricing, discount, allowances and terms of credit. It deals with price
competition.
PLACE MIX
Place stands for the various company activities that make the product
available to target customer. It includes the channel members like wholesalers
and retailers, the coverage, the locations, the inventory and transport of the
product.
PROMOTION MIX
Promotion is the persuasive communication about the product by the
offered to the prospect. It covers advertising, personal selling, sales
promotion, publicity, public relation used in promotion. Largely it deals with
non- price competition.
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A company must decide on the budget to spend on the marketing
effort and how to allocate the budget to the major marketing mix tools the
positioning of the product provides the basis for designing a coordinated
marketing mix.
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CUSTOMER SATIFACTION
CUSTOMER
Customer is the person who is having willingness to buy the product
and supported by the enough monetary power to pay for it. The customer
buys a product to fulfill his demand. So, the customer expects full satisfaction
by the product for which he is paying.
CUSTOMER SATISFACTION
A customers satisfaction is a function of the providers perceived
performance and the customers expectation.
Consumers purchase a commodity as dictated by their mental and
economic forces. Mental force creates desires and wants. But the economic
force may come in the way satisfying that want. Hence, he has to choose
between the wants and select the product according to the priority
consumption. The producer has to consider these two
Consumer forces, before manufacturing the product. As consumption initiates
production the producer should identify the motives which prompt consumers
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to purchase. This helps him to offer a total product that can satisfy consumer
needs.