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Preference of Consumer in Selected Brands of Chocolates: Conducted For Economics Project
Preference of Consumer in Selected Brands of Chocolates: Conducted For Economics Project
CONDUCTED
BY ADITI MAHALE
XI C
RYAN INTERNATIONAL SCHOOL
17 AUGUST 2019
INDEX
No. Title
1 Introduction
2 Executive summary
3 Spreadsheet
4 Questionnaire
5 Analysis
6 Conclusion
INTRODUCTION
The topic of research is Preference of Consumer in Selected Brands of
Chocolates on the basis of price, type of chocolate, various brands and
nutritional qualities.
Here, the term ‘consumer’ means the end user of the product, who not
only uses the product but also gives feedback regarding the particular
product.
EXECUTIVE SUMMARY
In today’s scenario, every company wants to compete very aggressively
with others to remain in the market. So, it is very necessary for the
company to know what are the needs and wants of the consumer.
The universe for this study consists of 10 people, all of them over the
age of 15, living in Navi Mumbai. The participants were asked to answer
question about their choices and preferences in chocolates.
The findings of the study indicate that taste of chocolates is the only
thing that influences the customers decision to buy a particular product.
And while the customers may prefer different type of chocolates, most
of them like the brands Cadbury and Nestle. None of the customers
liked to buy chocolates of Ferrero.
SPREADSHEET
1 Aditya 15
2 Aryan 16
3 Nikita 16
4 Sujata 50
5 Suyog 43
6 Atharva 16
7 Harini 16
8 Rajshree 43
9 Sujay 28
10 Sahil 15
ANALYSIS
Q. How many males and females
Gender
have participated in this survey
female
male
40%
60%
Age
2% teenagers
14% youngsters
middle aged
84%
This pie chart shows that the majority of my participants are teenagers, while
some are middle aged. Hence, the study will show appeal to teenagers more than
any other section of the society.
Q. What type of chocolate do you like the most?
Sweet food
10% candy
30% chocolate
cake
4th Qtr
60%
This pie chart shows that about 60% of the participants like chocolate, 30% like
cake and only 10% like candy. Hence, this survey will be more useful for
chocolate eaters.
Type of choclate
20% white
30% milk
dark
10% caramel
40%
According to this pie chart, most of the participants, i.e., 40% like dark and 30%
like caramel chocolate, while only 10% of them like milk chocolate and only 20%
like white chocolate.
once a day
20% once a week
40% alternate days
40%
This pie chart shows that nearly 40% people eat their preferred type of chocolate
every day, 40 % eat chocolate once a week and about 20% people eat chocolates
every alternative day. As more people eat chocolate almost every day, the
chocolates should have limited content of sugar in it, so as to protect the
consumers health.
Money spent
30%
This pie chart shows that 50% of the participants spend less than 100 rupees on
chocolates in a month. 30% spent 100 Rs to 300 Rs and only 20% spent more
than 300 rupees on chocolates. Hence, cost of chocolates should be up to 100 Rs
but not more than 100, as the majority of the consumers would not be willing to
spend more than 100 Rs in a month on their chocolates.
Q. which brand of chocolate do you like the most?
Brand of chocolate
cadbury
10% nestle
10% hershey
amul
10% 50% other
ferrero
20%
According to this pie chart, 50% of the participants like the brand Cadbury, 20%
of them like Nestle and 10% like Hershey, 10% like Amul and the remaining
people like other brands like Lindt. None of the participants like Ferrero.
Nutrition
energy
protein
trans fat
40%
fiber
50% none
10%
This pie chart shows that 50% of the people want their chocolates to be
energizing. Nobody wishes to have fiber or protein in their chocolates. 10% of the
participants like to eat chocolate with trans fat. And 40% of the participant are
not affected by the presence of any nutritional value. Hence, the chocolates
should not have any particular nutritional value in them, but must be energizing.
Q. What most influences your decision to buy a particular chocolate product?
Factors
taste
cost
wrapping
advertisement
100%
According to this pie chart, taste of the chocolate is the most important thing for
the participants, while buying a chocolate product. Hence, more attention should
be given to the taste of the chocolate.
Additional ingredient
20% fruit
nuts
coconut
10% cream
70%
This pie chart shows that 70% of the people would like to have nuts in their
chocolate. 20% of them prefer cream and 10% of the participants like to have
coconut in their chocolates. none of the participants like to have fruit in the
chocolate. Hence, no fruit should be added in the chocolate, but some nuts
should be added.
CONCLUSIONS