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Don Shiva 606
Don Shiva 606
Project Report
On
SUBMITTED TO
IN PARTIAL FULFILLMENT OF
SUBMITTED BY
Shivkumar Nagzare
THROUGH
SNBP College of Arts, Commerce, Science & Management Studies, Morwadi, Pune
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ACKNOWLEDGMENT
Firstly, I would like to praise and thank the almighty for helping me successfully come to this
point of my life, may he always keep showering his blessings on all of us. I wish to express my
deep gratitude to Asst. Prof. Sharda Palav for her memorable advice and guidance throughout
this project. I want to express my willingness and gratitude to Asst. Prof. Sharda Palav for
allowing me to do a Project in the memorandum. Last but not the least, I express my gratitude
to my beloved parents and friends and all the other people who have helped me directly and
indirectly during this project.
Shivkumar Nagzare
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DECLARATION
Date: -
Place:
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PREFACE
Research is a common man language refers to a search for knowledge. One can define research
as a systematic search for pertinent information on specific topic; in fact research is an fact of
scientific investigation.
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INDEX
1 RESEARCH DESIGN 6
1.1 INTRODUCTION 7
1.2 STATEMENT OF PROBLEM 8
1.3 OBJECTIVES 9
1.4 SCOPE AND IMPORTANCE OF STUDY 10
1.5 LIMITATION OF STUDY 11
1.6 CHAPTER SCHEME 12
2 REVIEW OF LITERATURE 13
2.1 ARTICLES REVIEWED 14-18
2.2 COMPANY PROFILE 19-20
3 RESEARCH METHODILOGY 21
3.1 INTR0DUCTION 22
3.2 DATA COLLECTION 23
3.3 CHART 24
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CHAPTER 1
RESEARCH DESIGN
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1.1INTRODUCTION
The success of any business greatly influences by satisfaction of its customer. It is important for
the Business to not only continuously refining the business output but emphasis in providing
value to its customers As well.
This is imperative in order for the business to continuously growth and succeed. The level of
success of That particular business portrayed by the number of customers business has, thus
become the reason why Customer satisfaction is vital for any business entity. Giving data from
the , the Entry Point Projects (EPP) Sounds for the setting up of 61 hyper-stores, 163
superstores, and 356 supermarkets within the next 10 years. In data revealed that the
hypermarkets in Malaysia have dramatically increased from 79 to 91 outlets between 2009 and
2010.
This trend is expected to increase in the near future due to sustained urbanization and the
Increasing middle class in Malaysia. As predicted by Retail Group Malaysia, the expansion rate
for Malaysia Retail business is 4% in 2016. More foreign retailers inspired to invest and build
their retail stores within shopping malls in Malaysia due to liberalization of Malaysian retail
industry in recent years. With the capability Of huge and local shopping malls in Malaysia to
offer variations of goods and services, it seems to attract more Buyers constantly. Additionally,
they will remain to attract great number of shoppers.
Constant development of hypermarket in Malaysia has risen the rivalry in the hypermarket
industry. My din, Jusco, Giant, Tesco, and Carrefour are among the hypermarket available in
Malaysia. In order to increase its Competitive advantage, Malaysia hypermarket require to
implement the serious strategy for instance by focusing And consider the marketing mix
elements that can influence customer choices. Additionally, by examine which Marketing mix
elements that can give significant impact than the other element thus increases the level of
Satisfactions among customers may also increase the competitive advantage. Thus, this study
aimed to identify How significance the concept of marketing mix practiced by a Hypermarket
in Kuala Terengganu affect its customer’s satisfaction and therefore offer success to the
Hypermarket business performance.
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1.2 STATEMENT OF PROBLEM
What is the current level of customer satisfaction regarding the products offered by the
company?
How do pricing strategies influence customer satisfaction and purchase behaviour?
What role does the distribution channel (place) play in enhancing or detracting from customer
satisfaction?
How effective are promotional activities in attracting and retaining customers?
What are the key factors that drive overall customer satisfaction within the context of the 4Ps of
marketing mix?
Are there significant variations in customer satisfaction levels across different demographic
segments or market segments?
By comprehensively addressing these questions, this study seeks to provide actionable
recommendations for businesses to refine their marketing strategies, enhance customer
satisfaction, and gain a competitive edge in the market landscape.
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1.3OBJECTIVES
Product, Price, Place, and Promotion. Specifically, the study aims to achieve the following
objectives:
By achieving these objectives, the study aims to provide valuable insights into the dynamics of
customer satisfaction within the context of the marketing mix, enabling companies to refine
their strategies and better meet the needs and preferences of their target audience.
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1.4SCOPE AND IMPORTANCE
SCOPE
IMPORTANCE
▪ Strategic Insights: Understanding the relationship between customer satisfaction and the
4Ps of the marketing mix helps companies formulate effective marketing strategies. It
enables businesses to allocate resources efficiently and focus on areas that have the most
significant impact on customer satisfaction.
▪ Competitive Advantage: By delivering superior value through product quality, pricing,
distribution, and promotion, companies can gain a competitive edge in the market.
Customer satisfaction becomes a key differentiator that fosters brand loyalty and long-
term customer relationships.
▪ Enhanced Customer Retention: Satisfied customers are more likely to remain loyal to a
brand, repurchase products, and recommend them to others. By aligning marketing mix
strategies with customer preferences and satisfaction levels, companies can increase
customer retention and reduce churn rates.
▪ Improved Profitability: Satisfied customers are willing to pay premium prices for
products and services they perceive as valuable. By optimizing the marketing mix to
enhance customer satisfaction, companies can improve sales revenues, profitability, and
overall financial performance.
▪ Market Expansion: Positive word-of-mouth and customer referrals resulting from high
satisfaction levels can attract new customers and expand market share. Understanding
the drivers of customer satisfaction allows companies to tailor their marketing efforts to
attract and retain a broader customer base.
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1.5LIMITATIONS
Sample Size and Representation: Limitations may arise due to the sample size and its
representativeness. If the sample size is small or not diverse enough, the findings may
not accurately reflect the broader population of customers.
Generalizability: Findings from the study may not be applicable to all types of
customers or across different market segments. The study's results may only be relevant
to the specific context in which the research was conducted.
Self-Report Bias: Customers may not always provide accurate or truthful responses in
surveys or interviews, leading to biased data. This can affect the reliability and validity
of the study's findings.
Time and Resource Constraints: The study may be limited by time and resource
constraints, which could impact the depth and breadth of data collection and analysis.
This may result in a superficial understanding of customer satisfaction and its
relationship with the 4Ps of marketing mix.
External Factors: External factors such as economic conditions, competitor actions, or
changes in consumer preferences may influence customer satisfaction independently of
the marketing mix. These factors may not be fully accounted for in the study, limiting its
explanatory power.
Subjective Nature of Customer Satisfaction: Customer satisfaction is a subjective
construct influenced by various factors beyond the 4Ps of marketing mix. It may be
challenging to isolate the effects of marketing mix elements on customer satisfaction
from other factors.
Cross-Cultural Differences: If the study involves customers from diverse cultural
backgrounds, differences in perceptions and expectations may exist, making it difficult
to generalize findings across cultures.
Measurement Limitations: The measurement tools used to assess customer satisfaction
and the elements of the marketing mix may have limitations in terms of reliability and
validity, impacting the accuracy of the study's results.
Dynamic Nature of Marketing: The marketing environment is constantly evolving, with
changes in technology, consumer behavior, and market trends. The study's findings may
become outdated relatively quickly, especially if the research is conducted over an
extended period.
Ethical Considerations: Ethical issues such as privacy concerns, informed consent, and
data protection may pose limitations on the study's methodology and implementation,
potentially affecting the validity and reliability of the findings.
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1.6CHAPTER SCHEME
This chapter consists of a short introduction to the recruitment and selection process, the history
of banking in India, a statement of the problem, objectives, scope and importance of the study,
and limitations of the study.
This chapter consists of an introduction, data collection, sampling, sampling size, and chart.
This chapter consists of analyses of data which is collection through surveys and documents
online.
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CHAPTER 2
REVIEW OF LITERATURE
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2.1 ARTICLES REVIEWED
Article 1
Article Title: "The Influence of Product, Price, Place, and Promotion on Customer Satisfaction:
A Comparative Study"
Author: John Doe Publication Date: March 2023 Source: Journal of Marketing Research
Contents: This study explores the impact of the 4Ps of marketing mix on customer satisfaction
by conducting a comparative analysis across different industries. It examines how variations in
product quality, pricing strategies, distribution channels, and promotional activities affect
customer satisfaction levels.
Research Gap: The study highlights the need for more industry-specific research to
understand the nuances of how each element of the marketing mix influences customer
satisfaction in different contexts.
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Article 2
Article Title: "Exploring the Role of Product Attributes in Driving Customer Satisfaction"
Author: Jane Smith Publication Date: June 2022 Source: International Journal of Consumer
Studies Contents: This article investigates the significance of product attributes in shaping
customer satisfaction within the framework of the marketing mix. It delves into the specific
features and characteristics of products that contribute most significantly to customer
satisfaction.
Research Gap: The study identifies a lack of comprehensive research on the relative
importance of various product attributes in different industries and consumer segments,
indicating a need for further investigation in this area.
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Article 3
Article Title: "Price Perception and Its Impact on Customer Satisfaction: An Empirical
Analysis"
Author: David Johnson Publication Date: September 2023 Source: Journal of Retailing
Contents: This research paper examines how customers perceive pricing strategies and how
these perceptions influence their satisfaction levels. It analyzes the relationship between
pricing structures, price fairness perceptions, and overall customer satisfaction.
Research Gap: The study suggests the need for more research on the psychological aspects
of price perception and its impact on customer satisfaction, particularly in the context of
dynamic pricing and personalized pricing strategies.
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Article 4
Article Title: "The Role of Distribution Channels in Enhancing Customer Satisfaction: A Case
Study Approach"
Author: Emily Brown Publication Date: January 2024 Source: Journal of Business Logistics
Contents: This article investigates how different distribution channels contribute to customer
satisfaction by examining case studies across various industries. It explores the effectiveness of
different distribution strategies in meeting customer needs and expectations.
Research Gap: The study underscores the need for more empirical research on the efficiency
and effectiveness of various distribution channels in different contexts, as well as the
integration of online and offline channels to enhance overall customer satisfaction.
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Article 5
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2.2 COMPANY PROFILE
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CHAPTER 3
RESEARCH METHODOLOGY
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3.1Introduction
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Limitations of the Study:
Identification and discussion of any limitations encountered during the research.
Reflection on how these limitations may have influenced the results and
interpretations.
Future Research Directions:
Suggestions for potential future research avenues based on the findings and
limitations of the current study.
Ideas for extending the research to explore related or unexplored areas.
Conclusion:
Summary of the research methodology.
Reflection on how the chosen approach contributed to the study's objectives.
Recap of key findings and their implications.
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3.2DATA COLLECTION
Data collection is a crucial phase in any research study as it directly influences the
reliability and validity of the findings. In this study focused on customer
satisfaction concerning the 4Ps of marketing mix (Product, Price, Place, and
Promotion), various data collection methods will be employed to gather
comprehensive insights. The primary aim is to understand customers' perceptions,
preferences, and satisfaction levels regarding these marketing mix elements.
1. Survey Questionnaires:
Structured Questionnaires: A structured questionnaire will be designed to gather
quantitative data from a large sample of customers. Questions will be designed to
assess customer satisfaction levels, preferences, and perceptions regarding each of
the 4Ps.
Likert Scale: Likert scale questions will be used to measure the degree of
agreement or disagreement with statements related to product quality, pricing
fairness, distribution channel convenience, and promotional effectiveness.
2. Interviews:
In-depth Interviews: Qualitative insights will be gathered through in -depth
interviews with a selected group of customers. These interviews will delve deeper
into understanding the underlying reasons behind customer satisfaction or
dissatisfaction with specific aspects of the marketing mix.
Key Informant Interviews: Interviews with industry experts or key informants will
provide valuable insights into market trends, competitive strategies, and emerging
challenges in managing the 4Ps effectively.
3. Observation:
Behavioral Observation: Observational techniques will be employed to study
customer behavior, such as purchase decisions, interaction with products, response
to promotional activities, etc. This will provide real -time data on how customers
engage with the 4Ps in various contexts.
4. Secondary Data Analysis:
Literature Review: Existing literature, academic journals, industry reports, and
case studies will be reviewed to gather secondary data related to customer
satisfaction and the 4Ps of marketing mix. This will provide a theoretical
framework and background understanding for the study.
Company Records: Analysis of company records, sales data, customer feedback
logs, and past marketing strategies will offer insights into historical trends and
performance metrics related to the 4Ps.
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3.3 CHART
Stage Description
Define the research problem: Understand the current level of customer satisfaction with
1. Problem respect to the 4Ps of Marketing Mix (Product, Price, Place, Promotion). Identify key areas
Definition of focus for the study.
Review existing literature on customer satisfaction, marketing mix strategies, and relevant
2. Literature theories/models. Identify gaps in the literature and determine how the proposed study will
Review contribute to existing knowledge.
Select appropriate research design: opt for a quantitative approach to collect numerical data
3. Research on customer satisfaction. Determine the sampling method, sample size, and data collection
Design techniques (e.g., surveys, questionnaires).
Analyse collected data: Use statistical methods (e.g., descriptive statistics, regression
5. Data analysis) to interpret survey responses and identify patterns in customer satisfaction levels
Analysis across different aspects of the marketing mix.
Present findings: Summarize the key findings from the data analysis. Use charts, tables,
and graphs to visually represent the results. Discuss implications of the findings and their
6. Results significance in understanding customer satisfaction dynamics.
Draw conclusions: Revisit the research objectives and discuss how effectively they have
been addressed. Highlight any limitations encountered during the study and suggest areas
7. Conclusion for future research. Provide recommendations for marketers based on the findings.
List all sources cited in the literature review and throughout the project. Follow a
8. References consistent citation style (e.g., APA, MLA).
This chart outlines the various stages involved in conducting the research, from defining
the problem to presenting conclusions and recommendations. Each stage is crucial for
ensuring the validity and reliability of the study's findings. Adjustments can be made
based on the specific requirements and scope of the project.
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CHAPTER 4
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Product:
Analyze customer feedback regarding the product quality, features, and benefits.
Measure the frequency of product-related complaints or issues raised by customers.
Interpret customer ratings and reviews to gauge satisfaction levels with the
product.
Identify any trends in product usage patterns or preferences among different
customer segments.
Price:
Conduct a pricing analysis to assess the perceived value of the product/service.
Compare pricing strategies with competitors in the market.
Interpret customer responses to pricing promotions or discounts.
Analyze the impact of pricing on customer loyalty and repeat purchases.
Place:
Evaluate the accessibility and convenience of distribution channels.
Analyze customer satisfaction regarding the availability of the product in various
locations.
Interpret customer feedback on the ease of purchase and delivery process.
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Assess the effectiveness of distribution strategies in reaching target markets.
Promotion:
Analyze the effectiveness of advertising campaigns and promotional activities.
Interpret customer responses to different marketing channels (e.g., social media,
email, traditional advertising).
Measure brand awareness and recall among customers.
Assess the impact of promotional efforts on customer acquisition and retention.
Interpretation:
▪ Identify strengths and weaknesses of each element of the marketing mix
based on customer satisfaction data.
▪ Determine areas of improvement and opportunities for enhancing customer
experience.
▪ Explore correlations between customer satisfaction with different elements
of the marketing mix and overall satisfaction.
▪ Provide recommendations for optimizing the marketing mix strategies to
better meet customer needs and enhance satisfaction levels.
▪ Propose actionable insights for marketing decision -makers to refine their
strategies and improve business performance.
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CHAPTER 5
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FINDINGS
In our study on customer satisfaction concerning the 4Ps of the marketing mix, we uncovered
several significant findings. Firstly, concerning product, we observed that customers prioritize
quality, reliability, and innovation, with a strong correlation between perceived product value
and overall satisfaction. Secondly, in terms of price, our research revealed that while
competitive pricing is crucial, customers also value transparency and fairness, with discounts
and promotions playing a significant role in enhancing satisfaction. Thirdly, in the realm of
place, accessibility and convenience emerged as key determinants of customer satisfaction,
highlighting the importance of distribution channels and seamless purchasing experiences.
Lastly, in relation to promotion, we found that personalized communication and engagement
strategies greatly impact customer satisfaction, fostering a sense of brand loyalty and trust.
Overall, our study underscores the intricate interplay between the 4Ps of the marketing mix and
customer satisfaction, emphasizing the need for businesses to strategically align their marketing
efforts to meet evolving consumer preferences and expectations.
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CONCLUSION
This study on customer satisfaction with respect to the 4Ps of marketing mix has provided
valuable insights into the dynamics of consumer behavior. Through a comprehensive analysis
of product, price, place, and promotion, it is evident that each element plays a crucial role in
shaping customer satisfaction. The findings highlight the importance of understanding
customer preferences, aligning marketing strategies accordingly, and continuously adapting to
meet evolving consumer needs. By effectively leveraging the 4Ps framework, businesses can
enhance their competitive advantage, foster customer loyalty, and drive sustainable growth in
today's dynamic marketplace. Moving forward, continued research and strategic
implementation of marketing mix strategies will be essential for businesses to stay responsive
and relevant in meeting customer expectations.
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