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"Analysis of Sale Promotion Strategy in Retail Sector": Guru Nanak Institute of Management, Punjabi Bagh, New Delhi
"Analysis of Sale Promotion Strategy in Retail Sector": Guru Nanak Institute of Management, Punjabi Bagh, New Delhi
Promotion is the final element in the marketing mix. After the nature of product is
decided, its price fixed and the methods of distribution decided, the manufactures
has to take effective steps in meeting the consumers in the markets. In the present
consumer oriented markets it is the duty of manufacturers to know what is required
by the consumer. It is also their duty to make the customers know where, when,
how and at what prices the products would be available.
The advertising material prepared by the company such as store signs, banners,
shelf signs, board etc. are distributed to sub dealer for display purposes this is in
fact a method of advertising.
In the promises of the wholesaler or the retailer the products sales personnel will
conduct special demonstration for the company’s product. A personal
demonstration is good to introduce a new product at its peculiar advantage can be
high lightened and the consumer’s doubt clear. It can be used to restimulate an old
product. A good demonstration with a great dealer of action will draw heavy
crowds in to the store and will attract attention to the product.
3. Samples:-
5. Trading Stamps:-
6. Buy-Back Allowance:
One of the most common types of sales promotions in B2B markets are trade
shows. A trade show is an event in which firms in a particular industry display and
demonstrates their offerings to other organizations they hope will buy them. There
are typically many different trade shows in which one organization can participate.
Using displays, brochures, and other materials, representatives at trade shows can
identify potential customers (prospects), inform customers about new and existing
products, and show them products and materials. Representatives can also get
feedback from prospects about their company’s products and materials, and
perhaps about competitors.
Companies also gather competitive information at trade shows because they can
see the products other firms are exhibiting and how they are selling them. While
approximately 75 percent of representatives attending trade shows actually buy the
product(s) they see, 93 percent of attendees are influenced by what they see at the
trade shows. However, only 20 percent of organizations follow up on leads
obtained at trade shows and only 17 percent of buyers are called upon after they
express interest in a particular company’s products.
In compare the sale promotion strategy we take our competitor’s products and
make comparison through consumer with our own products.
SCOPE
The study will be beneficial in formulating sales promotional strategies of
Samsung electronics as well as Croma retail digital store.
The study will help these digital stores to understand their competitor’s
strategies.
“Research is the systematic design, collection, analysis and reporting of data and
findings relevant to a specific situation or problem”. The objective of this section is
to describe the research procedure and methods that have been adopted for the
achievement of the project objectives.
a. Research Design:
d. Sample Area: In order to make a sale promotion study the consumer perception
as well as professionals workers of Samsung electronics/croma sale promotion
strategy with respect to its competitor, the data for the study has been collected
through a survey of professional’s workers & people of New Delhi.
Sources of Data
The nature of the data that has been used in the project under study is both primary
and secondary in nature.
Primary data
Questionnaire, interview method with the concerned persons will be used to collect
the primary data.
Secondary data
Offer documents, news papers, magazines published from time to time and Internet
and company URLs.
2. ACKNOWLEDGEMENT
3. EXECUTIVE SUMMARY
4. INTRODUCTION
6. RESEARCH METHODOLOGY
9. SUGGESTIONS
10. LIMITATIONS
11. CONCLUSION
13. BIBLIOGRAPHY
a) Yes
b) No
a) 2-5%
b) 6-10%
c) 11-15%
d) 16-20%
e) None
a) Affordable Method
b) Percentage of Sales Method
c) Competitive Parity Method
…………………………………………………………………………………………
a) Quality
b) Brand image
c) Pricing
d) Promotional activities
7. With respect to other competitors how do you rate yourself in terms of sale promotion?
a) Good
b) Very good
c) Fair
d) Poor
8. What specific merits do you think will differentiate your sale promotional activates from
others?
a) Telemarketing
b) Display stalls
c) Participating in Exhibition
d) Direct mail
e) Presentations
9. How important do you feel that the following factors play a major role in demand
generation on a scale of 1-4?
1 2 3 4
a) Price of the product
b) Awareness about the product
c) Delivery time of the product ordered
d) Presentation of the product
e) Design of the product
f) Promotion of the product
COMPANY INFORMATION
Name of the company:-……………………………………………………………..
Address:-……………………………………………………………………………
Contact person name and Designation:-…………………..………………………..
Contact Information:-……………………………………………………………
THANK YOU YOUR ADVICE.
QUESTIONNAIRE
PERSONAL DETAILS
Name: _____________________________________________
Gender:
• Male • Female
Age group:
Occupation:
a) Samsung electronics
b) Croma
Specify: …………………….
a) Product quality
b) Brand image
c) Pricing
d) Promotional activities
a) Advertising
b) Family information
c) Friend’s recommendation
d) Dealer’s recommendation
a) Advertising
c) Sale force
d) Direct marketing
e) Sale promotion
a) Yes
b) No
a) Economical
b) Durable
c) Safe product
a) Advertising
b) Sale promotion
d) Sale force
e) Direct marketing
a) Coupon
c) Sample
9. Please rate the various schemes on following attributes, on the scale of 1 to 4 (4= very
effective, 3= effective, 2= average, 1= not effective)
1 2 3 4
a) Coupon
c) Samples
e) Prize
10. Any suggestion to improve sale promotional strategies for digital store.
………………………………………………………………………………………………
………………………………………………………………………………………………
………………………………………………………………………………………………
BIBLIOGRAPHY
BOOK:
www.google.com
www.wikipedia.com
www.samsung.com
www.croma.co