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Objective, Scope and Research Methodology
Objective, Scope and Research Methodology
OBJECTIVES:
To analyze the behavior of consumer towards the price of the product.
To identify changes in the demand of the product if prices are changed.
To analyze the impact of price sensitivity on the sales of product.
The research is an exploratory as well as descriptive in nature. The research instrument used in
this research is a questionnaire with close-ended questions.
A well-structured questionnaire was prepared keeping in mind the objectives of the study. One to
one interaction with respondents was being done to ascertain their point of view on various
aspects which was covered in the structured questionnaire.
Then, the questionnaire was tested for its reliability and validity and distributed to the persons to
find out the Impact of Price Sensitivity on Consumer Buying Behavior.
Sample size
The sample size for this research was 100 respondents who were given the questionnaire to fill to
find out the results for the research.
Sampling Method
In this research, the data for the study was drawn from a number of respondents of different
age, qualification, profession and income level. The wide-ranging data provided by the
respondents was carefully examined in order to fulfill the objective and to reach on a relevant
conclusion.
Sampling Area
Sources of data
Primary sources and secondary sources of data were used to carry out this research.
Methods of data collection
Data was collected by distributing the questionnaire to the people who buy the products and
services by keeping in mind the price, and who are sensitive to the pricing level of product and
services in Delhi/NCR
Statistical instrument
In this research, Microsoft Excel, Google Forms, Microsoft Word and Google Scholar was
used to analyze the data to reach on conclusions.
The study collects data only from people who only consider price of the product while buying it.
Study covers only some areas of north Delhi.