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Research Journal of Social Science & Management - RJSSM - The ...
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income influenced the purchase <strong>of</strong> quantity <strong>of</strong> the noodles in<br />
the family. The result could be confirmed from the study <strong>of</strong><br />
Srinivasan et al., that the quantities <strong>of</strong> processed foods<br />
consumption was high in high income group and the total<br />
income <strong>of</strong> the household significantly influenced the<br />
expenditure incurred on the processed products. So, the firm<br />
has to target high income people to promote noodles product.<br />
E. Reasons for Preferring Particular Brand <strong>of</strong> Noodles<br />
The reasons for preferring particular brand (<strong>Table</strong> 10)<br />
was studied to know whether there was any difference in the<br />
influencing factors among the buyers different brands. Taste<br />
was ranked as first and quality as second by buyers <strong>of</strong><br />
different brands (Murugananthi 2005; Padmavathy 2005),<br />
range <strong>of</strong> flavours Srivastav (2005) and brand name were<br />
ranked third and fourth respectively. So the firm has to introduce<br />
new range <strong>of</strong> flavours and build brand image through the marketing<br />
strategies among the buyers <strong>of</strong> particular brands in order to<br />
influence them to purchase their own. Also the availability <strong>of</strong> own<br />
brand in low price and <strong>of</strong>fers given for it should be communicated<br />
in such a way that it reaches the buyers <strong>of</strong> other brands.<br />
F. Brand Switching Behaviour <strong>of</strong> the Respondents<br />
The study <strong>of</strong> brand switching behaviour <strong>of</strong> the respondents is<br />
important to retain the existing customers and to attract new<br />
customers. The <strong>Table</strong> 11 explains the number <strong>of</strong> respondents<br />
consuming the different brands <strong>of</strong> noodles for the past six months<br />
(October 2007-March 2008) and before six months (before October<br />
2007). The change in number <strong>of</strong> respondents during that period<br />
indicates that Brand X had lost nine customers during the last six<br />
months, while Brand Y had lost five customers in contrast Brand<br />
Z had gained fourteen customers. Local brands and other national<br />
brands had gained and lost three customers, so there was neither<br />
loss nor gain.<br />
G. Retention Probabilities<br />
As per retention probability given in <strong>Table</strong> 12, Brand X had<br />
the retention probability <strong>of</strong> 0.853 indicating 85.3 per cent <strong>of</strong><br />
Brand X users were retained for the past six months, similarly<br />
for Brand Y it was 0.861, for local brands it was 0.500 and<br />
other national brands had 0.700 <strong>of</strong> retention probability <strong>of</strong><br />
their customers. While Brand Z had 1.00 as retention<br />
probability indicating there was 100 per cent retention <strong>of</strong> the<br />
already existing customers.<br />
H. State–Transition Matrix<br />
The <strong>Table</strong> 13 provides the information on transition <strong>of</strong> the<br />
customers from one brand to another brand during period I to<br />
II. The five Brand Z buyers were continuously buying it. In<br />
Brand X there was transition <strong>of</strong> six customers to Brand Z and<br />
one person to local brands and two persons to other national<br />
brands. Similarly in case <strong>of</strong> Brand Y there was transition <strong>of</strong><br />
three customers to Brand Z and two persons to local brands.<br />
While in rest <strong>of</strong> the brands also there was transition <strong>of</strong> some<br />
customers to other brands during the past six months.<br />
I. State–Transition Probability Matrix<br />
The table 14 provides the information on transition<br />
probability <strong>of</strong> the customers from one brand to another brand<br />
during period I to II.<br />
Brand X had retained 85.3 per cent <strong>of</strong> its customers while it<br />
had lost 9.9 per cent <strong>of</strong> its customers to Brand Z, 1.6 per cent<br />
to local brands and 3.2 cent to other national brands. Brand Y<br />
had retained 86.1 per cent <strong>of</strong> its customers while it had lost 8.3<br />
per cent to Brand Z and 5.6 per cent to local brands. In case <strong>of</strong><br />
local brands the retention percentage was 50 while it had lost<br />
34 per cent to Brand Z and 16 per cent to other national<br />
brands. In case <strong>of</strong> other national brands there was 70 per cent<br />
retention while it had lost 30 per cent to Brand Z.<br />
In case <strong>of</strong> Brand Z there was 100 per cent retention <strong>of</strong> the<br />
customers and there was no loss but there was gain <strong>of</strong> 9.9 per<br />
cent customers from Brand X followed by<br />
8.8 per cent from Brand Y, 34 per cent from local brands and<br />
30 per cent from other national brands. So the firm should<br />
adopt suitable marketing strategies to continuously retain the<br />
existing customers and to attract more new customers for its<br />
brand.<br />
J. Factors Influencing the Respondents to Change the<br />
Brand<br />
The study on the factors influencing the customers to change<br />
their brand in <strong>Table</strong> 15 helps the firm to be cautious and make<br />
necessary measures in order to retain the existing customers<br />
and also to attract new customers. So the firm should pay<br />
attention on the above discussed factors in order to retain<br />
existing customers and attract new customers for their brand<br />
(Srivastav 2005).<br />
IV. CONCLUSION<br />
The general characteristics <strong>of</strong> respondents like age, income,<br />
family size, education, occupational status, etc. will have<br />
significant bearing on the consumer behaviour which in turn<br />
will influence choice <strong>of</strong> brand, quantity <strong>of</strong> purchase, pack size<br />
etc<br />
Any firm has to target middle and high income customers to<br />
promote food product. Also the firm has to promote their<br />
noodles brand not only as children food but also as family<br />
food. The firm has to communicate the nutritious aspects <strong>of</strong><br />
noodles and also introduce new flavours in order to increase<br />
the frequency <strong>of</strong> consumption <strong>of</strong> noodles among the<br />
consumers. Availability <strong>of</strong> wide range <strong>of</strong> products was the<br />
major factor influencing the respondents‟ preference followed<br />
by availability <strong>of</strong> quality products, discounts and <strong>of</strong>fers,<br />
shopping convenience, store image and post purchase<br />
satisfaction. Above all, this kind <strong>of</strong> consumer study would<br />
help the retail outlets in maintaining the stock keeping units<br />
and the quantity <strong>of</strong> stocks, the adoption <strong>of</strong> promotional<br />
methods and success <strong>of</strong> business.<br />
In order to utilize immense market potential in food<br />
retail, companies need to develop specific marketing strategies<br />
and action plans taking into account the complex set <strong>of</strong> factors<br />
that influence consumer behaviour.<br />
www.theinternationaljournal.org > RJSSM: Volume: 01, Number: 10, Feb-2012 Page 50