Professional Documents
Culture Documents
Kunal - Aggarwal - Report - Kunal Aggarwal
Kunal - Aggarwal - Report - Kunal Aggarwal
2017 – 2020
Project Guide Submitted By
This is to certify that I, Kunal Aggarwal (Enroll. No.:04314701717) have completed the Final Year
BAZAAR” under the guidance of Dr. Charu Mohla in partial fulfillment of the requirement for the
Studies, Delhi. This is an original piece of work & I have not submitted it earlier elsewhere.
Date:
Place: (KUNAL AGGARWAL)
Enroll. No.: 04314701717
CERTIFICATE FROM THE INSTITUTE GUIDE
This is to certify that the Final Year Project titled “FACTORS AFFECTING CONSUMER BUYING
BEHAVIOUR TOWARDS BIG BAZAAR” is an academic work that is completed by Mr. Kunal
Aggarwal (Enroll. No.:04314701717) and submitted in the partial fulfillment of the requirement for the
Management Studies, Delhi, under my guidance & direction. To the best of my knowledge and belief
the data & information presented by him/her in the project has not been submitted earlier.
Signature:
Designation:
ACKNOWLEDGEMENT
I pay my gratitude and sincere regards to Dr. Charu Mohla my project Guide for giving me the cream
of his knowledge. I am thankful to her as she has been a constant source of advice, motivation and
inspiration. I am also thankful to her for giving her suggestions and encouragement throughout the
project work.
I take the opportunity to express my gratitude and thanks to our computer Lab staff and library staff for
providing me opportunity to utilize their resources for the completion of the project.
I am also thankful to my family and friends for constantly motivating me to complete the project and
providing me an environment, which enhanced my knowledge.
Date:
Place: (KUNAL AGGARWAL)
Enroll. No.: 04314701717
TABLE OF CONTENTS
2 Declaration II
3 Acknowledgement III
4 Executive Summary 1
5 Chapter 1 – Introduction 5
9 Chapter 5 – Recommendations 50
10 Bibliography 52
11 Annexure 54
Executive summary
The indian retail industry, one of the fastest growing industry in the country over the past couple of
years is no exception. There is no doubt that the retail scene is booming. India’s retailing boom is the
result of rapid globalisation and the recognition of being a very potential market by big giants and
This has caused existing retailer’s tore-tailor their strategies to suit the new landscapes. This retail
industry deals Food Bazaar and various sections which help the society with their daily needs.
After interaction with customers I found that they are more satisfied with the big bazaar rather than any
other products. While working on this project various topics and concepts came to the knowledge which
My study is based on a survey done on customers of a hypermarket named Big Bazaar. Big Bazaar is a
new type of market which came into existence in India since 1994. It is a type of market where various
kinds of products are available under one roof. My study is on determining the customer’s demand for
Big Bazaar and the satisfaction level of customers in Big Bazaar.
It has created formats, which provide allitems under one roof. Big Bazaar has maintained that
uniqueness & succeeded in attracting customers. Big Bazaar is not just another hypermarket.
It caters to every need of your family. Big Bazaar scores over other stores is its value for money
The first chapter consists of the detailed description about the big bazaar and the consumer satisfaction
The second chapter consists of literature review of variours authors and their detailed description.
1
The third chapter consists of data presentation and analysis of the data which are collected from the
consumers. And,
The fourth chapter consists of finding results and suggestions and the scope of the project , keywords
1
TABLES
3
FIGURES
4
CHAPTER 1
5
INTRODUCTION
Consumer behavior is the study of consumers and the processes they use to choose, use (consume), and
dispose of products and services, including consumers‟ emotional, mental, and behavioral responses.
Consumer behavior incorporates ideas from several sciences including psychology, biology, chemistry,
and economics.
Retailing is the interface between the producer and the individual consumer buying for personal
consumption. This excludes direct interface between the manufacturer and institutional buyers such as
the government and other bulk customers. A retailer is one who stocks the producer‟s goods and is
involved in the act of selling it to the individual consumer, at a margin of profit. As such, retailing is the
last link that connects the individual consumer with the manufacturing and distribution chain. The retail
industry in India is of late often being hailed as one of the sunrise sectors in the economy. AT Kearney,
the well-known international management consultancy, recently identified India as the „first most
attractive retail destination‟ globally from among thirty emergent markets. It has made India the
cause of a good deal of excitement and the cynosure of many foreign and domestic eyes. The entry of
foreign
and Indian retail giants like Wal-Mart, Metro, Reliance, Birla, Tata etc. made Indian market more
competitive which is at cut throat level. So how retailers can reach to their end customers, to win the
mind share and increase the basket size of each shopping trip. India retail industry is the largest industry
in India, with an employment of around 8% and contributing to over 10% of the country's GDP. Retail
industry in India is expected to rise 25% yearly being driven by strong income growth, changing
6
lifestyles, and favorable demographic patterns. It is expected that by 2016 modern retail industry in
India will be worth US$ 175- 200 billion. India retail industry is one of the fastest growing industries
with revenue expected in 2007 to amount US$ 320 billion and is increasing at a rate of 5% yearly.
A further increase of 7-8% is expected in the industry of retail in India by growth in consumerism in
urban areas, rising incomes, and a steep rise in rural consumption. It has further been predicted that the
retailing industry in India will amount to US$ 21.5 billion by 2010 from the current size of US$ 7.5
billion.
The growth of scope in the Indian retail market is mainly due to the change in the consumer‟s
behaviour. For the new generation have preference towards luxury commodities which have been due to
the strong increase in income, changing lifestyle, and demographic patterns which are favourable. AS
The twentieth century has come to and we have moved in to third millennium, we can see many
development and changes taking place around us with all the industries and firms within each industry
trying to keep pace with all the industries and firm within each industries trying to keep pace with the
changes and diverse need of people . Marketer have regarded “customer” as the king and evolved all
activities to satisfy him or her, this concept gaining more momentum and importance today.
More than a century ago, the father of our nation, Mahatma Gandhi, had made visionary and deep
meaningful statement at Johannesburg, South Africa in 1980 .A customer is the most important visitor
of our premises. He is not dependent on us .We are dependent on him He is not interruption on our
work. He is the purpose of it and not an outsider on our premises. He is a part of it. We are not doing
him favour by serving him. Today the entire firm engaged in a process of creating a life time value and
relationship with customers. This report start with discussion on the diversity of consumer behaviour
and the need for studying consumer buying behaviour and consumer as a related field of marketing .this
can be largely be attributed to the prevailing market situation .Today the company image is built and
7
made known by its customers. Thus success of the firm determined how effective it has been in meeting
the diverse consumer need and wants by treating each customer as unique and offering products and
Consumer buying behaviour will be a primary force in determining how this transition will evolve.
Getting closer to the customer in today’s highly competitive landscape is essential for the entire industry
and is no longer just a retail issue. It requires all organisations across the supply chain to work as a
single enterprise, sensing and responding rapidly to consumer demand in a coordinated manner. Detailed
Consumer Behaviour is a branch which deals with the various stages a consumer goes through
before purchasing products or services for his end use. Consumer Behaviour is the study of individuals,
groups, or organizations and the processes they use to select, secure, use, and dispose of products,
services, experiences, or ideas to satisfy needs and the impacts that these processes have on the
Studying consumer behavior is important because these way marketers can understand what influences
consumers‟ buying decisions. By understanding how consumers decide on a product they can fill in the
gap in the market and identify the products that are needed and the products that are obsolete. Studying
consumer behaviour also helps marketers decide how to present their products in a way that generates
maximum impact on consumers. Understanding consumer buying behaviour is the key secret to reaching
and engaging your clients, and convert them to purchase from you.
8
There are three categories of factors that influence consumer behavior:
Personal factors: an individual’s interests and opinions that can be influenced by demographics (age,
gender, culture)
Social factors: family, friends, education level, social media, income, they all influence consumers’
behavior.
This type of behavior is encountered when consumers are buying an expensive, infrequently bought a
product. They are highly involved in the purchase process and consumers‟ research before committing
to invest. Imagine buying a house or a car; these are an example of a complex buying behavior.
The consumer is highly involved in the purchase process but has difficulties determining the differences
between brands. Dissonance can occur when the consumer worries that they will regret their choice.
Imagine you are buying a lawnmower. You will choose one based on price and convenience, but after
the purchase you will seek confirmation that you’ve made the right choice.
Habitual purchases are characterized by the fact that the consumer has very little involvement in the
product or brand category. Imagine grocery shopping: you go to the store and buy your preferred type of
bread. You are exhibiting a habitual pattern, not strong brand loyalty.
9
4. Variety seeking behavior
In this situation, a consumer purchases a different product not because they weren’t satisfied with the
previous one, but because they seek variety. Like when you are trying out new shower gel scents.
Many things can affect consumer behavior, but the most frequent factors influencing consumer behavior
are:
1. Marketing campaigns
Marketing campaigns influence purchasing decisions a lot. If done right and regularly, with the right
marketing message, they can even persuade consumers to change brands or opt for more expensive
alternatives. Marketing campaigns can even be used as reminders for products/services that need to be
bought regularly but are not necessarily on customers’ top of mind (like insurance for example). A good
2. Economic conditions
For expensive products especially (like houses or cars) economic conditions play a big part. A positive
economic environment is known to make consumers more confident and willing to indulge in purchases
irrespective of their personal financial liabilities. Consumers make decisions in a longer time period for
expensive purchases and the buying process can be influenced by more personal factors at the same
time.
3. Personal preferences
Consumer behavior can also be influenced by personal factors, likes, dislikes, priorities, morals, and
values. In industries like fashion or food personal opinions are especially powerful. Advertisement can,
1
of course, help but at the end of the day consumers‟ choices are greatly influenced by their preferences.
If you’re vegan, it doesn’t matter how many burger joint ads you see, you’re probably not going to start
4. Group influence
Peer pressure also influences consumer behavior. What our family members, classmates, immediate
relatives, neighbors, and acquaintances think or do can play a significant role in our decisions. Social
psychology impacts consumer behaviour. Choosing fast food over home-cooked meals, for example, is
just one of such situations. Education levels and social factors can have an impact.
5. Purchasing power
Last but not least, our purchasing power plays a significant role in influencing our behavior. Unless you
are a billionaire, you will take your budget into consideration before making a purchase decision. The
product may be excellent, the marketing could be on point, but if you don’t have the money for it, you
won’t buy it. Segmenting consumers based on their buying capacity will help marketers determine
Consumer behaviour and marketing management: Effective business managers realise the
behaviour is essential to the long run success of any marketing program. In fact, it is seen as a
managers. The essence of the Marketing concept is captured in three interrelated orientations consumers
1
Consumer behaviour and non profit and social marketing: In today's world even the non-profit
organisations like government agencies, religious sects, universities and charitable institutions have to
market their services for ideas to the "target group of consumers or institution." At other times these
groups are required to appeal to the general public for support of certain causes or ideas. Also they make
their contribution towards eradication of the problems of the society. Thus a clear understanding of the
consumer behaviour and decision making process will assist these efforts.
Consumer behaviour and government decision making : In recent years the relevance of consumer
1. Government services: It is increasingly and that government provision of public services can
2. Consumer protection: Many Agencies at all levels of government are involved with
Consumer behaviour and demarketing: It has become increasingly clear that consumers are entering
an era of scarcity in terms of some natural gas and water. These scarcities have led to promotions
stressing conservation rather than consumption. In other circumstances, consumers have been
encouraged to decrease or stop their use of particular goods believed to have harmful effects. Programs
designed to reduce drug abuse, gambling, and similar types of conception examples. These actions have
been undertaken by government agencies non-profit organisations, and other private groups. The term
1
"demarketing" refers to all such efforts to encourage consumers to reduce their consumption of a
Consumer behaviour and consumer education: Consumer also stands to benefit directly from orderly
investigations of their own behaviour. This can occur on an individual basis or as part of more formal
educational programs. For example, when consumers learn that a large proportion of the billions spend
annually on grocery products is used for impulse purchases and not spend according to pre planned
shopping list, consumers may be more willing to plan effort to save money. In general, as marketers that
can influence consumers' purchases, consumers have the opportunity to understand better how they
a. Marketing factors such as product design, price, promotion, packaging, positioning and distribution.
product.
d. Situational factors such as physical surroundings at the time of purchase, social surroundings and
time factor.
castes.
1
2. Undergoes constant change:
Consumer behaviour is not static. It undergoes a change over a period of time depending on the nature
of products. For example, kids prefer colourful and fancy footwear, but as they grow up as teenagers and
young adults, they prefer trendy footwear, and as middle-aged and senior citizens they prefer more sober
footwear. The change in buying behaviour may take place due to several other factors such as increase
All consumers do not behave in the same manner. Different consumers behave differently. The
differences in consumer behaviour are due to individual factors such as the nature of the consumers,
lifestyle and culture. For example, some consumers are technoholics. They go on a shopping and spend
The consumer behaviour varies across states, regions and countries. For example, the behaviour of the
urban consumers is different from that of the rural consumers. A good number of rur al consumers are
conservative in their buying behaviours. The rich rural consumers may think twice to spend on luxuries
despite having sufficient funds whereas the urban consumers may even take bank loans to buy luxury
items such as cars and household appliances. The consumer behaviour may also varies across the states,
regions and countries. It may differ depending on the upbringing, lifestyles and level of development.
1
5. Information on consumer behaviour is important to the marketers: Marketers need to have a
good knowledge of the consumer behaviour. They need to study the various factors that influence the
The study has been conducted through a consumer survey with the help of a Google form. The
information has been collected through a questionnaire consisting of questions related to their
satisfaction level at Big Bazaar which was based on their personal experiences. This aspect of the data
comprises our primary data structure. The secondary data has been collected from the company’s
website. Sample survey method has been adopted to study the behavioral pattern of the customers
regarding shopping at Big Bazaar. In this google form has been sent to the people to collect the data.
Descriptive research is defined as a research method that describes the characteristics of the population
or phenomenon that is being studied. This methodology focuses more on the“what” of the research
In other words, descriptive research primarily focuses on describing the nature of a demographic
segment, without focusing on “why” a certain phenomenon occurs. In other words, it “describes” the
subject of the research, without covering “why” it happens. To conclude, though quite accurate answers
can’t be gathered through surveys yet some useful information can be collected that is not much
1
Objective Of the study :
1. To study the factors affecting consumer buying behaviour with big bazaar
2. To study the impact of factors affecting consumer buying behaviour on big bazaar
The study is limited to big bazaar only because due to time and resources constraints the data is
collected from the Delhi NCR only.
a) Methodology: The survey method was used for collecting the primary data to test the
research model. The questionnaire was administered by meeting the respondent on a simple
random sampling.
c) Sample size:50
1
COMPANY PROFILE
Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of the India‟s Leading
business houses with multiple business spanning across the consumption space. While retail forms the
core business activity of future group, group subsidiaries are present in consumer finance, capital,
insurance, leisure and entertainment, brand development, retail, real estate development, retail media
Retail (India) Limited is India’s leading retailer that operates multiple retail formats in both the value
and lifestyle segment of the Indian consumer market. Headquartered in Mumbai (Bombay), the
company operates over 16 million square feet of retail space, has over 214 stores across 90 cities and
employs more than 36,000 people and is listed on Indian stock exchange. The company also operates an
online portal Futurebazaar.com. Future Capitals Holding, the group’s financial arm provides investment
advisory to assets worth over $1 billion that are being invested in consumer brands and companies, real
estate, hotels and logistics. It also operates a consumer finance arm with branches in 150 locations.
Other group companies include Future Generali, the group’s insurance venture in partnership with
Italy’s Generali Group, Future Brands, a brand development and IPR company, Future Logistics,
providing logistics and distribution system to group companies and business partners and Future Media,
a retail media initiative. The group’s presence in Leisure and Entertainment segment is led through,
Mumbai-based listed company Galaxy Entertainment Limited, Galaxy leading leisure chains, Sports bar
Future Group believes in developing strong insights on Indian consumers and building business based
on Indian ideas, as espoused in the group’s core value of “Indian-ness”. The group’s corporate credo is,
1
1.8 BIG BAZAAR
Big Bazaar Big Bazaar is a chain of department stores in India currently with 100 outlets. It is owned by
Pantaloon Retail India Ltd, Future Group. It works on the same economic model as Wal-Mart and has
been successful in many Indian cities and small towns. The idea was pioneered by entrepreneur Mr.
Kishore biyani, the CEO of Future Group. Big Bazaar offers a wide range of products including fashion
and apparels, food products, general merchandise, furniture, electronics, books, fast food and leisure and
entertainment sections. With its wide product range it fulfills the need of every consumer of different
age group. The idea was pioneered by Kishore Biyani; the head of Pantaloon Retail India Ltd. Kishore
Biyani follows a 3C theory: Change and Confidence among the entire population is leading to rise in
Consumption. With this strategy the company has earned huge profits and records a good turnover every
1. 1987 Company incorporated as “Manz Wear Private Limited”. Launch of Pantaloons trouser, India’s
first formal trouser brand.
2. 1991 Launch of BARE, the Indian jeans brand.
3. 1992 Initial public offer (IPO) was made in the month of May.
4. 1994 The Pantaloon Shoppe – exclusive menswear store in franchisee format launched across the
nation. The company starts the distribution of branded garments through multi-brand retail outlets
across the nation.
5. 1995 John Miller – Formal shirt brand launched.
6. 1997 Company enters modern retail with the launch of the first 8000 square feet store, Pantaloons
in Kolkata.
7. 2001 Three Big Bazaar stores launched within a span of 22 days in Kolkata, Bangalore
and Hyderabad.
1
8. 2002 Food Bazaar, the supermarket chain is launched.
9. 2004 Central – India’s first seamless mall is launched in Bangalore.
10. 2005 Group moves beyond retail, acquires stakes in Galaxy Entertainment, Indus League Clothing
and Planet Retail. Sets up India’s first real estate investment fund Kshitij to build a chain of
shopping malls.
11. 2006 Future Capital Holdings, the company‟s financial is formed to manage over $1.5 billion in real
estate, private equity and retail infrastructure funds. Plans forays into retailing of consumer finance
products.
12. 2007 Future Group crosses $1 billion turnover mark. Specialized companies in retail media,
logistics, IPR and brand development and retail-led technology services become operational.
Pantaloon Retail wins the “International Retailer of the Year” at US based National Retail
Federation convention in New York and “Emerging Retailer” of the Year award at the World Retail
Congress held in Barcelona. Futurebazaar.com becomes India’s most popular shopping portal.
13. 2008 Future Capital Holdings becomes the second group company to make a successful Initial
Public Offering in the Indian capital markets. Big Bazaar crosses the 100-store mark, marking one of
the fastest ever expansion of a hypermarket format anywhere in the world. Total operational retail
space crosses 10 million square feet mark. Future Group acquires rural retail chain, „Aadhar‟
present in 65 rural locations.
Vision:
“To Deliver Everything, Everywhere, Every time, to Every Indian Customer in the most profitable
manner.”
One of the core values at Future Group is, “India-ness” and its corporate credo is – “Rewrite rules,
Retain values.”
1
MISSION:
We share the vision and belief that our customers and stakeholders shall be served only by creating and
STRENGTHS
Wide range of products and service offerings Strong presence in local market.
Attractive promotional offers given by Big Bazaar to attract customer through discounts,
Good branding and advertising by also roping in celebrity brand ambassadors also boosted
WEAKNESSES
Big Bazaar is not known globally and restricted to the Indian market only.
No different game plan according to divergent people, their lifestyles, their tastes and budgets
in India.
OPPORTUNITIES
2
Opportunity to expand into financial services catering to huge segment.
THREATS
Online markets can severely affect the market share of Big Bazaar
2
CHAPTER- 2
2
LITERATURE REVIEW
Janardana (2019): To set an image on the mind of the consumer towards a product. This research
investigated how respondents will respond to the brand loyalty buying behaviour of the consumer.
Brand loyalty plays a very important role in the minds of consumers. Customers will buy the products
by seeing images of the brand. Research says that it is not easy to build a brand image in the consumer
mind. Additionally there are many other super markets there in India. So it is difficult to attract the
customers. research says that brand image can change the consumers mind to set to purchase the
product. Brand image or brand product will show the status or standard of a person who purchases the
product, many people will buy the product because of this. Now advertisement is a big weapon to stay in
the consumers mind. They say that consumers will purchase the product which they prefer and which
they like it shows the consumer buying behaviour. The objective of this study is to examine the
Hawkins, motherbaugh and Best (2018): states that consumer behaviour is also the study of processes
and consumers used to select, dispose and consume services and products. All decisions of marketing
are concerned with consumer behaviour knowledge and assumptions. Researching consumer behaviour
is a critical process, but understanding consumer behaviour is difficult to marketers and the marketers
can use it to: 1) target customers effectively; 2) offers customer satisfaction and value; 3) expand base of
the knowledge in the marketing field; 4) create competitive benefit; 5) develop services and products; 6)
develops company value; 7) applies strategies of marketing towards positive effect on society i.e.
motivate people to support charities, lower down usage of drugs, enhance healthy habits, etc.; and 8)
understand how customers look their rivalries products versus their products made research on the topic
impact of brand image and advertisement on consumer buying behaviour . analysed the influence of
packaging on consumer decision making process for fast moving consumer goods. The aim of the
2
research was to analyse the impact of packaging for decision making processes of low income
consumers in retail shopping.
Lancaster et al, (2017): This chapter will introduce some other areas of research background of
consumer behaviour addressing the works of researchers and markets moreover, consumer decision
making process, in particular, five stages of consumers buying behaviour is studied as a part of the
marketing and its main objective it to learn the way how the individuals, groups or organisation choose,
buy and dispose the goods and the factors such as their previous experience, taste, price, and branding
on which the consumers base their purchasing decision. A survey method has been used in order to
reach the research objectives. In a survey conducted in star hyper in the town of Centerville 250
respondents participated. The findings of the research indicated that low- income consumers have more
preferences towards premium packaging as this can also be re-used after the product has been
consumed. Although the findings indicated that there is a weak relationship between the product
packaging and brand experience. However, it has been proved by the findings of the research that low-
income consumers have greater brand experience from the purchase of premium products when
Kotler and Keller (2017): suggested that the topic of consumer behaviour is one of the massively
studied topics by the researchers and marketers in the past and still being studied. Research shows
different reasons as to why consumer behaviour has been the topic of many academics and researchers.
One of the common views is that understanding consumer behaviour has become a factor that has a
direct impact on the overall performance of the businesses. It is the part of the marketing and its main
objective it to learn the way how the individuals is, group or organisation choose, buy use and dispose
the goods and the factors such as their previous experience, taste, and branding on which the consumers
base their purchasing decision that once the relevant information about the product or service is obtained
2
the next stage involves analysing the alternatives consider this stage as one of the important stages as the
consumer considers all the types and alternatives taking into account the factors such as size, quality and
also price.
Sangvikar, Katole (2016): A study of consumer purchase behavior in organized research paper
researchers basically focused on behaviour of consumers mainly on purchasing pattern in various store
formats and store preference on the basis of product availability, spending pattern, consumers preferred
store, salesman services, and store layout. Researchers observed that the customers prefer retail outlets
because of price discount, followed by a variety of products. An important implication is that consumer
education is essential to mitigate the prevailing throwaway culture and raise consumer awareness of
ethical issues facing the fashion industry. Thus, retailers should take initiatives to educate consumers so
as to ensure the success of their newly-launched ethical fashion products. Originality/value The paper
proposes an approach to clearly understand the impacts of ethical fashion on consumer purchase The
findings suggest that consumer beliefs about ethical fashion, which are based on their perceptions of a
company in terms of its reputation in the fashion industry, influence their support for what they perceive
only because these products provide the functional or performance benefits expected, but also because
products can be used to express consumers’ personality, social status or affiliation (symbolic purposes)
or to fulfil their internal psychological needs, such as the need for change or newness. Consumer
behaviour refers to the mental and emotional process and the observable behaviour of consumers during
searching, purchasing and post consumption of a producer service. Consumer behaviour involves study
of how people buy, what they buy, when they buy and why they buy. It blends the elements from
2
Psychology, Sociology, Socio psychology, Anthropology and Economics It also tries to assess the
influence on the consumer from groups such as family, friends, reference groups and society in general.
the persuasiveness of brand names. Retail stores selling the products also play an important role in
GOODEY & ABRATT (2015) – Examined that Manufactures and the retailers in the industrialized
countries spend a large sum of amount on personal ad andthe the promotion to increase the sales on
merchandise through “preferences buying “. In – store the stimuli they hold true across culture. Analysis
of variables such as brand loyalty, specificity outlet and presencethy of shoppingthy listthy also impact
on crossthy culturalthy basis. –preferences purchase is a phenomenon that are started trigger the
consumer and he demonstrated about how the new updating improves over the previous buying
procedure. Examined that customers personality and their intellectual capability manipulate more on
inclination purchase. It has focused on the cognitive and emotional response which experienced by the
consumer during purchase. it is the psychological model of consumer preferences buying. It deals with
certain characteristic they are as fellows , An unexpected and the unstructured aspiration perform. , The
situation of mental disequilibrium performs. , The commencement of emotional conflict and effort. ,
LEE AND KACCEN (2014) – Examined in the aspects of intellectual perspective, the hypothesis of
individualism thy and collectivism they give important thy insights they about consumer’s preference
purchasethy He practically showed that the peer group, family and the mental capability impacts on
spontaneous purchase. Deliberated that shopping attitude of the formative years and found they that
sensory thy stimulus such thing as background music thy or feelthy of the product music, odours.
2
product play a very important in shapingthy the shoppingthy exercisethy of those role, exercise of those
individuals and staff preferences buying activity in them. Recommended that uphold of the preferences
behaviour triggers and performance of novel goods, managers might emphasize enthusiasm and wide
variety of products helps in their promotional activity. He commented that individuals who had morethy
optimistic emotional responses to the retail atmosphere were more likely to make preference purchases.
CHANG Et al (2014) – commented that individuals who had morethy optimistic emotional responses to
the retail atmosphere were more likely to make preference purchases. Experimented that cognitionthy of
the consumers moderate the relations among preferences purchase and actualthy list of unplanned
buying. He also Examined that the shopping attitude of the teenagers and found that the sensory
stimulus such as melody tune, enjoyable aroma of the products play a significant role in determining and
shopping of individuals and set off buying activity. – Explained that preference shopping tempts the
customers to immediately purchase them which are without any pre –shoppingthy objectivethy eitherthy
to buy the particular merchandise category. The buyingthy of anthy item which is out of stick and
reminded thy during encountering the product they are excluded from the preview of preferences buying
Declared that economic and the cultural factors of person such of buying behaviour.
Mishra and Dash (2013): in their article have observed that organized retail has changed the Indian
retailing structure and the consumption behaviour. The results of the study reveal that for consumers the
shopping malls or variants of organized retail formats the preferred type of retail store due to the
convenience and variety they offer. These hypermarkets/ malls/ supermarkets are the stores preferred by
consumers, even though consumers buy from several retail outlets which indicates that there is no 'single
loyalty' while in organized outlets, consumers buy essentially consumer goods with low level of risk. In
traditional retail outlets, they essentially buy products of more involvement, which requires a more
2
complex buying behaviour. Their study also revealed that consumers cite price and convenience for not
buying certain goods in traditional retail outlets, which reveals that the consumers intend to optimize
Simonson et al (2013): one of the most essential and influential areas within consumer buying behavior
is the consumer decision making process. In recent decades, during the initial stages of the conception of
the consumer buying behavior paradigm, various consumer decision making models were proposed.
However the theories proposed by the researchers were not specific and considered an overall view of
the consumer decision making process. indicated the importance and need for a specific, situation and
product – oriented model in the study of the purchasing behavior of the consumer. The consumer
investigating decisions needed in the purchase of products such as cars, houses etc would directly make
an effective contribution to the consumer buying behavior knowledge. Therefore it is evident that an
exploratory research approach with the objective to study the consumer buying behavior would provide
opportunities to understand the complexity of specific decision making processes of the consumers.
Mitchell , Beatty and Smith (2013): This process of strategic decision making endures a certain
amount of risk mainly because it represents very high financial decisions. Therefore this study
concentrates on the various factors and its effect in the case of this complex decision making process
such as the process of consumer buying behavior in the real estate industry. The understanding and the
prediction of the consumer perceptions is important in examining and studying the consumer buying
behavior and the decision making process. Thus the overall purpose of this research is to understand the
2
in the real estate industry and also explains as to how the integration of the theories relating to consumer
buying behavior improves the understanding the consumer perceptions in the real estate buying
process.making process involving long – term commitments of resources and affecting the budget
available for other goods and services is defined as the strategic decision making process.
Christopher (2012) : studied the shopping habits of consumers to form an idea of whether or not the
store concepts, product ranges and strategies of the companies are appropriate towards consumer
requirements. He believed that consumer behaviours are unpredictable and changing continuously
changing; while trying to under try to understand how individuals or groups make their decision to
spend their available resources on consumption-related items. These are factors that influence the
consumer before, during, and after a purchase The essence of this approach is critical for organisational
success, so that they can have a better understanding of their customer behaviours . The physical action
or behaviour of consumers and their buying decision every day can be measured directly by marketer.
For that reason many organisations these days are spending lot of their resources to research how
consumer makes their buying decision, what they buy, how much they buy, when they buy, and where
they buy . To get a well coherent result, organisations normally look at these behaviours base their
Michael R. Solomon (2012): consumer behaviours typically analyse the processes of group selected or
individual purchases/dispose of product, service, concept or experiences to satisfy their need and desires.
He suggested that consumer behaviours have a huge impact in a firm marketing decision making process
every year. There is a risk that what a consumer does will inflict on his or her behaviour and generate
consequences. The user and the purchaser can be different people, in some cases; another person may be
an influencer providing recommendations for or against certain products without actually buying . Most
2
of the large consumer electronics retailers tend to gather more information about customers motivating
factors and what influences their buying behaviours. To get in-depth understanding of consumer
behaviour concepts will give us an idea on how it plays a significant role in our life and in the whole
trend of business profit to various firms which will allow the researcher to get the analysis and
determine product positioning, develop the message and targeting strategy in order to reach to the
market.
Acebron et al (2011). The aim of the study was to analyze the impact of previous experience on buying
behaviour of fresh foods, particularly mussels. In their studies the authors used structural equation model
in order to identify the relationship between the
habits and previous experience on the consumer buying decision. Their findings show that personal
habits and previous experience on of the consumers have a direct impact on the consumers’ purchase
decision in the example of purchasing. The topic of consumer behaviour is one of the massively studied
topics by the researchers and marketers in the past and still being studied.
Researchers show different reasons as to why consumer behaviour has been the topic of many
academics and researchers. One of the common views is that understanding consumer behaviour has
become a factor that has a direct impact on the overall performance of the businesses. This chapter will
introduce some other areas of research background of consumer behaviour addressing the works of
researchers and marketers. Moreover, the consumer decision making process, in particular, five stages of
consumer decision making will be discussed in detail. It is worth noting that consumer buying behaviour
is studied as a part of the marketing and its main objective it to learn the way how the individuals,
groups or organizations choose, buy use and dispose the goods and the factors such as their previous
experience, taste, price and branding on which the consumers base their purchasing decisions .
3
CHAPTER - 3
3
DATA PRESENTATION AND ANALYSIS
Data analysis is a process of inspecting, cleansing, transforming and modeling data with the goal of
discovering useful information, informing conclusions and supporting decision-making. Data analysis
has multiple facets and approaches, encompassing diverse techniques under a variety of names, and is
used in different business, science, and social science domains. In today's business world, data analysis
plays a role in making decisions more scientific and helping businesses operate more effectively
Data collection
systematic fashion, which then enables one to answer relevant questions and evaluate outcomes.
a. Primary Data: Primary data are firsthand information. These information are collected directly
from the source by means of field studies. Primary data are original and are like raw materials. The
investigator himself collects primary data or supervises its collection. It may be collected on a
3
b. Secondary Data: Secondary data is second hand information. The data which have
already been collected and processed by some agency or persons and are not used for the first
Time is termed as secondary data. Secondary data may be abstracted from existing records,
In this report the data is collected from the primary source of data which are collected by the 70
people located in Delhi. The data is collected on a sample questions which i have prepared for
my research topic
Reliability
Reliability analysis refers to the fact that a scale should consistently reflect the construct it is
measuring. There are certain times and situations where it can be useful
N %
Excluded 1 1.4
Total 70 100
a Listwise deletion based on all variables in the procedure.
TABLE: 3.1
Reliability Statistics
Cronbach's
Alpha N of Items
0.774 16
TABLE: 3.2
Data presentation
This refers to the organization of data into tables, graphs or charts, so that logical and statistical
1 Below 20 4 6
2 20 - 25 59 85
3 Above 25 6 9
Total 69 100
TABLE: 3.3
FIG: 3.1
Gender of respondents
Genders of respondents
1 Female 40 57
2 Male 30 43
Total 70 100
TABLE: 3.4
FIG: 3.2
Wall Mart 1 1%
TABLE: 3.5
FIG: 3.3
INTERPRETATION:
Out of 70 respondents, 46 visits big bazaar,6 respondents visits Easy Day,17 respondents
Factor Analysis:
Factor analysis is a statistical method used to describe variability among observed, correlated
variables in terms of a potentially lower number of unobserved variables called factors. For
example, it is possible that variations in six observed variables mainly reflect the variations in
two unobserved (underlying) variables. Factor analysis searches for such joint variations in
response to unobserved latent variables. The observed variables are modelled as linear
combinations of the potential factors, plus "error" terms. Factor analysis aims to find
Shericity df 120
Sig. .000
TABLE: 3.6
The Kaiser-Meyer Olkin (KMO) and Bartlett's Test measure of sampling adequacy was used to
examine the appropriateness of Factor Analysis. The approximate of Chi-square is 339.402 with
190 degrees of freedom, which is significant at 0.000 Level of significance. The KMO statistic
of 0.650 is also large (greater than 0.50). Hence Factor Analysis is considered as an appropriate
The Rotated Factor Matrix represents the rotated factor loadings, which are the correlations
between the variables and the factors. The factor column represents the rotated factors that have
been extracted out of the total factor. These are the core factors, which have been used as the final
factor after data reduction. According to the grouping of the factors, each group of factors is named
which will represent the grouped factor and represent the factors.
TABLE: 3.7
The initial components are the numbers of the variables used in the Factor Analysis. However,
not all the 16 variables will be retained. In the present research only the 5 factors will be
extracted by combining the relevant variables. The percentage of variance represents the percent
of total variance accounted by each factor and the cumulative percentage gives the cumulative
percentage of variance account by the present and the preceding factors. In the present research
FIG: 3.4
The scree plot graphs the Eigen value against each factor. We can see from the graph that after
factor 5 there is a sharp change in the curvature of the scree plot. This shows that after factor 5 the
The Rotated Factor Matrix represents the rotated factor loadings, which are the correlations
between the variables and the factors. The factor column represents the rotated factors that have
been extracted out of the total factor. These are the core factors, which have been used as the final
factor after data reduction. According to the grouping of the factors, each group of factors is named
which will represent the grouped factor and represent the factors.
Component
1 2 3 4 5
S1_Premium -.761
S2_Freight .599
S3_Cosmetics
S4_Fragnances .687
S5_Herbals .745
S6_Pharmaceutials .626
S8_Kitchen tools
S9_Nonstock ware .816
S10_Bags .872
S11_Formals .761
S12_Casuals .513
S13_Accessories .550
S14_Detergents .503
TABLE: 3.8
Factor
S-12 Variety of product trade mark and brand mark is important 0.513
TABLE: 3.9
CHAPTER 4
4
FINDINGS AND OBSERVATIONS
1. About 72% of the customers shops on daily basis in Big bazaar which is good for a retail store
to have such number for daily and weekly customers.
2. About 83% of customers mostly shop for Vegetables and fruits for their quality, freshness,
variety and availability.
3. Around 73% of customers shops due to One stop shop feature of the Big bazar store
4. It is interpreted that around 87% of customers prefer to shop when required by them and 13% of
them prefer during sale.
5. Around 95% of the shopping decisions are influenced by advertisement and promotion
activities. Therefore, more advertisement and promotional efforts should be done on continuous
basis.
7. It is interpreted that around 67% of respondents rates the store layout as good while 20% rates it as
excellent which shows the layout is appealing to the customers.
8. Around 92% of respondents ensures that there is mostly availability of the stock in Reliance fresh.
9. It is interpreted that around 88% respondents believes the store space to be a free space and only 6%
believes to be a small space.
4
Result of the questionnaire:
1. Out of 70 respondents, 46 visits big bazaar,6 respondents visits Easy Day,17 respondents visits
Reliance Mart followed by 1 respondents who visits Walmart.
5. Out of 70 respondents,6 respondents says it’s strongly disagree,43 respondents agrees,7 respondents
strongly agree , 5 respondents neither agree nor disagree and 9 respondents disagreed to the fact that
they recommend this retail store to their friends and family.
7. Out of 70 respondents, 1 respondent says it’s strongly disagree,39 respondents agrees,19 respondents
strongly agrees , 5 respondents are neither agree nor disagree and 6 respondents disagreed to the fact
that their spending increase while offers.
4
8. Out of 70 respondents, 1 respondents says it’s strongly disagree,43 respondents agrees,8 respondents
strongly agrees , 14 respondents neither agree nor disagree and 13 respondents disagreed to the fact
that they availed offers by the retailed store.
10. Out of 70 respondents, 2 respondents says it’s strongly disagree,40 respondents agrees,10
respondents strongly agrees , 6 respondents neither agree nor disagree and 12 respondents disagreed
to the fact that they prefer online shopping.
11. Out of 70 respondents, no respondents says it’s strongly disagree,43 respondents agrees,16
respondents strongly agrees , 5 respondents neither agree nor disagree and 6 respondents
disagreed to the fact that they are satisfied with the quality of retail stores.
13. Out of 70 respondents,1 respondents says it’s strongly disagree,42 respondents agrees,12
respondents strongly agrees , 13 respondents are neither agree nor disagree and 2 repondents
disagreed to the fact that are satisfied with the friendly behaviour of big bazaar.
14. Out of 70 respondents,1 respondents says it’s strongly disagree,45 respondents agrees,11
respondents strongly agrees , 10 respondents neither agree nor disagree and 3 repondents
disagreed to the fact that their customer handling is good.
15. Out of 70 respondents, 22 respondents Often, 35 respondents says it’s sometimes,13 respondents
rare, 5 to the fact that they are satisfied with professional competence of preferred retailer.
4
Limitations of the study:
1. This kind of survey is useful in a short run period as the customers generally answer
the questionnaire taking the current scenario and not the future prospective.
2. The survey conducted was time consuming as the sample size was 76 and it was not easy to get
the data in one row. It required a lot of time.
3. The biased results also fluctuated the study a lot as the some of the respondents were not taking
keen interest in answering the questionnaire, they were a little biased.
4. Sometimes there responses may not match with their performances as what they say in the
questionnaire may not always match with their real life experiences. Therefore, the quality or
reliability of the information provided by such surveys is very poor.
5. The respondents were not taking proper interests in giving the feedback. Different age groups of
people were there in the study and not a particular group was targeted.
6. The study was conducted only in particular areas i.e. Noida and New Delhi whereas Big Bazaar is
across the country and other people may have other views regarding the services provided by the
Big Bazaar team and the customer satisfaction level.
3. Promotion scheme should in such way that customer can understand easily.
4. Service of store should be providing in such way which fulfill the need of the customer.
5. The store staff should be trained adequately so as to convince the potential buyers.
4
6. The company has to concentrate more on the customers of age group 25-35 years to enhance the
sales.
7. Big bazaar should provide more offers and discounts to attract new customers.
8. The company should go with TV-ads and newspaper in order to reach customers.
9. The displays are needed to be changed daily and a bit during weekends as heavy crowd comes in
10. Cash counter and credit card payment counter should be placed differently in order to reduce
4
CHAPTER 5
5
RECOMMENDATIONS
A product becomes a hit when the customer is aware about the product. The prominent tool to
increase awareness of product is advertising. Big Bazaar should use advertising as a tool to
increase its market share.
Big Bazaar should promote various new offers to attract new customers.
They shouldn’t compromise with the quality of the product as quality is the first most priority
of the customers.
The employees should be given proper training to deal with the customers.
To increase the share of its loyal customers Big Bazaar should promote coupon system and
should distribute weekly coupons to regular customers.Most of the customers go for on the spot
buying just because of attractive displays. So, proper eye catchy combinations should be
carried out across the stores to attract customers to buy those things.
The back bone of retail business is good customer services. Customer loyalty can only be
earned by providing satisfactory & excellent services to the customers.
In Big Bazaar the bond between the employees & managers is very strong & healthy. All the
employees work as a team & perform their duties whole heartedly & in such a manner that
satisfies the customer the most.
Big Bazaar has a very healthy working environment & follows very good strategies for
employee motivation.
5
BIBLIOGRAPHY
Book:
Kotler Philips, Marketing Management : Analysis, Planning Implementation and Control 9th Edition
Ranjit Kumar‟s, Research Methodology: a step-by-step guide for beginners 4th Edition 2014
SAGE Publications India Pvt Ltd, New Delhi
Michael R. Solomon and Tapan Kumar Panda‟s, Consumer Behaviour: Buying ,Having and Being, 13th
Edition, Pearson India Education Services Pvt. Ltd.
Journal:
Acebron, L. B., Mangin, J.-P.L., & Dopico, D. C. (2012). A proposal of the buying model for fresh food
products: The case of fresh mussels. Journal of International Food and Agribusiness Marketing,11(3),75
Kotler and Keller,(2017), Marketing Management Twelfth edition,New Jersey: Pearson Prentice
HallKotler and Keller,(2018), Marketing Management Fourteen thedition New Jersey: Pearson Prentice
Hall
Exploratory Study of Chinese Purchasing of Imported Health Food Neal, C., Questel, P. and Pettigrew,
S. (2013) “Consumer Behaviour: Implications for Marketing Strategy” (5th edition) Berkshire:
McGraw-Hill
5
Schiffman, L., Hansen H. and Kanuk L. (2018) “Consumer Behaviour: A European Outlook”,
Variawa (2019), Buying behaviour and decision-making criteria of Base of the Pyramid cons umers: the
Website:
www.wikipedia.com
www.indiatoday.com
www.bigbazaar.com
www.fituregroup.in
5
ANNEXURE
QUESTIONNAIRE
Dear Respondent,
I am a Kunal Aggarwal student of BBA 3rd Year, Maharaja Agrasen Institute of Management Studies. I
am currently conducting a study on Consumer Buying Behaviour towards Big Bazaar. Would it be
Thank You
Email address:
Name:
Age:
Gender:
❏ Male
❏ Female
❏ Big Bazaar
❏ Reliance Mart
❏ Walmart
❏ Easy Day
5
Q2. Do you prefer retailer facilitates with return and exchange facility.
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
Q3. Do you continue your relationship with the preferred retail store?
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
Q4. Does your preferred retailer will always remain your first choice.
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
5
Q5. Do you recommend your preferred retailer to your friend and family?
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
Q6. Do you feel offers by preferred retail stores benefit all the segments of customers.
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
Q7. Does a festive offer increase your average spending at the preferred retail store?
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
5
Q8. Do you avail all the offers preferred by retailers?
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
Q9. Does your every visit to the preferred retailer results in some kind of purchasing.
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
5
Q11. Do you satisfied with the service quality of preferred retail store
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
Q13. Are you satisfied with the friendly staff of preferred retail stores?
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
❏ Strongly agree
❏ Agree
❏ Disagree
❏ Strongly Disagree
Q16. Do you compare prices offered by local area markets shops with preferred stores.
❏ Sometimes
❏ Rare
❏ Often