I.K Gujral Punjab Technical University Kapurthala
I.K Gujral Punjab Technical University Kapurthala
I.K Gujral Punjab Technical University Kapurthala
1
TABLE OF CONTENTS
Conclusion 49
Bibliography 50
ANNEXTURE
55
Questionnaire
2
CHAPTER:-1
INTRODUCTION
INTRODUCTION
CUSTOMER SATISFACTION
Many companies are aiming for high satisfaction because customers who
are just satisfied still find it easy to switch, when a better offer comes
along. Those who are highly satisfied are much less ready to switch. High
satisfaction or delight creates an emotional affinity with the brain, not just
a rational preference. The result is high customer loyalty.
Conceptual framework
Quality of product
Value of product relative to price - a function of quality and price
Time issues, such as product availability, availability of sales
assistance, time waiting at checkout, and delivery time
Atmosphere of store, such as cleanliness, organization, and
enjoyable shopping environment
Service personnel issues, such as politeness, attentiveness and
helpfulness
Convenience, such as location, parking, and hours of operation
Here are the top six reasons why customer satisfaction is so important:
Any customers that give you a rating of 7 and above, can be considered
satisfied, and you can safely expect them to come back and make repeat
purchases. Customers who give you a rating of 9 or 10 are your potential
customer advocates who you can leverage to become evangelists for your
company.
Scores of 6 and below are warning signs that a customer is unhappy and
at risk of leaving. These customers need to be put on a customer watch
list and followed up so you can determine why their satisfaction is low.
That’s why it’s one of the leading metrics businesses use to measure
consumer repurchase and customer loyalty.
Picture two businesses that offer the exact same product. What will make
you choose one over the other?
If you had a recommendation for one business would that sway your
opinion? Probably. So how does that recommendation originally start?
More than likely it’s on the back of a good customer experience.
Companies who offer amazing customer experiences create environments
where satisfaction is high and customer advocates are plenty.
Customer satisfaction is the metric you can use to reduce customer churn.
By measuring and tracking customer satisfaction you can put new
processes in place to increase the overall quality of your customer
service.
For example, you might have a cost per acquisition of $500 dollars and a
clv of $750. That’s a 50% Roi from the marketing efforts. Now imagine if
clv was $1,000. That’s a 100% Roi!
How much will that affect your business and its reputation in your
industry?
If that stat does not strike accord with you then there’s not much else I
can do to demonstrate why customer satisfaction is important.
Customers cost a lot of money to acquire. You and your marketing team
spend thousands of dollars getting the attention of prospects, nurturing
them into leads and closing them into sales.
That is an alarming statistic. Most companies think they are the best and
they have no unhappy customers. The reality is, 96% of unhappy
customers don’t complain. In fact, 1financial training services found that
most simply just leave and never come back.
I hope this blog post has shed light on why customer satisfaction is so
important to the success of your business.
Consumer Behavior
All living things need water. The earth is full of water. Water is the most
essential element, next to air, to our survival. Water makes up more than
two thirds of the weight of the human body, and without it, we would die
in a few days. Water is important to complete daily life and to maintain
our body health. Thirty years ago 'packaged drinking water' barely
existed. Nowadays the product forms an essential business by its stable
and still growing market - locally and globally. Packaged drinking water
can be described as any product, including natural spring or well water,
taken from municipal or private utility systems or other water, distilled
water or any of the foregoing to which chemicals may be added and
which are put into sealed bottles, packages or other containers, to be sold
for domestic consumption or culinary use. In 2013 the global packaged
drinking water market is forecast to have a value of $94.2 billion, an
increase of 41% since 2007. This increasing trend reveals that the product
meets the demand of countless consumers.
Water is our lifeline that cleans and feeds us. In ancient cultures, water
represented the very essence of life. The romans were the first to pipe
water into their growing cities, especially with their aqueducts. They also
realized that sewage water could cause damage to people and needed to
be removed from the living environment. Water has played a role not
only in the history of countries, but also in religion, mythology, and art.
Water in many religions is symbolized as a soul cleanser and known as
holy water. For
example, water at st.lourdes, France is thought by many religions to be
sacred with healing powers. It brought life to their people, but in drought,
produced chaos. Water has always been perceived as a gift from the gods,
as it rained from the heavens.
Importance of water
Water is not only important to human beings, but also for every living
thing needs it to live. It has helped form the earth as we know it, and it
covers over 70 per cent of the earth. Even where there is land, much of it
is covered by ice, which is obviously just solid water.
The earliest bottled water company was founded in the United States in
the middle of the 19th century. In 1845, the ricker family of Maine bottled
and sold water from a so far unidentified source. Their small operation
quickly
grew; capitalizing on the spring's supposed medicinal properties,
eventually became the Poland springs water company. Mirroring the
ricker success, in 1905, the Ozark spring water company was founded in
eureka springs, arkansas. Since then, bottled water landscape has
expanded tremendously. This expansion has come mostly recently, and it
seems to be the acceleration of a slowly expanding industry. Between the
early part of the 20th century and its end, there was little activity in the
bottled water industry.
It was in the early 19th century, when the market showed a noticeable
change in Europe and captured a great part of the beverage market share.
The real boost of bottled water commenced in 1968 when the French
company 'vittel' revolutionarily launched the first plastic bottled water-
aimed for general public consumption. With France and Germany on top
with their highest sales in volume, Europe became an established and
leading market.
People want drinking water that is free of bacteria, sparkling and without
an objectionable take or odour. Water in its natural state seldom has these
qualities. So, after water is drawn from source, it is piped into a treatment
plant. The plant put the water through one or several process, depending
on the quality of the untreated water, and the city's standards. Many cities
use three levels of processing which are:
Ii. Filtrations
Iii. Disinfection
Variety of packages
Mark miller, "bottled water: why is it so big? Causes for the rapid growth
of bottled water industries", honors thesis, presented to the honors
committee of texas state university, san marcos, may 2006
The formal bottled water business in India can be divided broadly into
three segments in terms of cost: premium natural mineral water, natural
mineral water and packaged drinking water. Premium natural mineral
water includes brands such as evian, san pelligrino and perrier, which are
imported and priced between rs.80 and rs.110 a litre. Natural mineral
water, with brands such as Himalayan and catch, is priced around rs.20 a
litre. Packaged drinking water, which is nothing but treated water, is the
biggest segment and includes brands such as parle, bisleri, Coca-
Cola’sKinley and PepsiCo’sAquafina. They are priced in the range of
rs.10-12 a litre. The fda also classifies some bottled water according to its
origin.
Iv. Well water: water from a hole, bored or drilled into the ground,
which taps intoan aquifer.
V. Tap water: some bottled water also comes from municipal source
in otherwords the tap. Municipal water is usually treated before it is
bottled.
Market analysis of packaged drinking water on environment
All this happens due to water contamination, in fact. There are three types
of water contamination as explained below:
REVIEW OF LITERATURE
Till two decades back, drinking water was not a marketable packed
product in our country. Since it was given free of cost all by nature, no
one had such an idea of its marketability. Thus, the bottled water is a new
product to the Indian consumers and there was no much effort taken to
contribute more research in this field. On account of this fact, the
researcher attempted to summarize some of the research studies
undertaken in some other related study.
The above maxim clearly brings out the significances of research for any
development growth to take place.
The research under taken for this project is both descriptive Analytical in
nature. It is descriptive because it attempts to describe the state of affairs,
as it exists in the cellular market at present. It is analytical for it user
available facts information for analysis to made a critical evaluation of
the material.
DATA COLLECTION:
PRIMARY DATA:
Primary data are original in character and are generated in large number
of survey conducted by government, and by some individuals, institutions
and research bodies.
SECONDARY DATA:
Secondary data means already available data.
SAMPLE METHOD:
The method used to collect the sample for the study was
Convenience sampling
When the population elements are related for inclusion in the sample
based on ease of access, it is called convenient sampling.
SAMPLE UNIT:
SAMPLE SIZE
PERCENTAGE ANALYSIS
DATA ANALYSIS
&
INTERPRETATION OF DATA
38% 23%
15000-25000
25000-50000
50000-75000
75000 +
27%
12%
INTERPRETATION:-
It can be inferred from the table that more than 27% of the customers'
income ranges from 25000-75000 In this case 23% of them responded
15000-25000 27% of them responded 25000-50000 12% of them
responded 50000-75000 38% of them responded 75000+
30
25
20
15
10
5
0
1 2 3 4 5 6 More
than 6
Series1 10 15 15 26 12 10 12
Sales
00
15%
85%
YesNo
INTERPRETATION
Sales
4.70%
23.50%
47%
21.30%
3.50%
TelevisionMarketer's SuggestionRadioPrintOnline
INTERPRETATION:-
It is clear that 21.3% respondents say that they come to know about that
company by print media. And 23.5%% know about that online and 47%
respondents come to know about Mineral Water from marketer’s
suggestions.
Sales
00
88%
3.2
YesNo
INTERPRETATION
Any other 7%
Himgiri 7%
kinley 33%
Bislari 53%
7% respondents prefer himgiri, 53% prefer bislari, 33. Prefer kinley and
last 7 % preffer other companies mineral watwr.
Sales
0
20% 13.30%
66.70%
INTERPRETATION
13.3% Respondents say Mineral water Are cheaper than other competitor
soft drinks products.
Sales
00
66.70%
3.2
YesNo
INTERPRETATION
Sales
00
66.70%
YesNo
INTERPRETATION
80%
70%
60%
50%
40%
30%
20%
10%
0%
Yes No
Series1 76% 24%
INTERPRETATION
38 respondents out of 50 say they give advice to use the Mineral Water and
other does not give advice to other.
CHAPTER NO.:-5
FINDINGS
&
SUGGESTIONS
FINDINGS
It can be inferred from the table that more than 27% of the
customers' income ranges from 25000-75000 In this case 23% of
them responded 15000-25000 27% of them responded 25000-50000
12% of them responded 50000-75000 38% of them responded
75000+
10 people’s have a family consisting of 1 person, 15 of the people’s
have a family consisting of 2 people, 15 of the people’s have a
family consisting of 3 people, 26 of the people’s have a family
consisting of 1 person, 12 of the people’s have a family consisting
of 5 people, 10 of the people’s have a family consisting of 6 people
and 12 of the people’s have a family consisting of more than 6
Out of 100 respondents 85 know about Mineral Water.
15 out of 100 respondents don’t know about Mineral Water.
It is clear that 21.3% respondents say that they come to know
about that company by print media. And 23.5%% know about that
online and 47% respondents come to know about Mineral Water
from marketer’s suggestions.
Out of 85 respondents 75 use Mineral Water.
10 out of 85 respondents don’t use Mineral Water.
7% respondents prefer himgiri, 53% prefer bislari, 33. Prefer kinley
and last 7 % preffer other companies mineral watwr.
13.3% Respondents say Mineral water Are cheaper than other
competitor soft drinks products.
66.7% like because these are available in purity
20% like because water is available in may quantities
Out of 75 respondents 50 say they are satisfy with the availability
of Mineral Water in market
Out of 75 respondents 25 are not satisfy with the availability of
Mineral Water in market
Out of 75 respondents 25 are not satisfied with Mineral Water
38 respondents out of 50 say they give advice to use the Mineral
Water and other does not give advice to other.
SUGGESTIONS
After the deep study of mineral water, I can tell that this is the sector,
which has most business opportunities perhaps in India
The study about customer satisfaction level regarding Mineral Water was
very interesting and informative. It is found out that most of the
respondents are aware about Mineral Water. Though the awareness level
is high about Mineral Water among the public, the preference level is not
up to the mark due to strong competition in the market.
Suggestions made were based on the study. Findings will certainly help
the company to understand its position in the market and also to find the
level of demand for Mineral Water among the public.
53
BIBILIOGRAPHY
BOOKS:
WEB SITES:
www.ask.com
www.scribd.com
www.studymedia.com
54
ANNEXTURE
QUESTIONARIES
15000-25000
25000-50000
50000-75000
75000 +
1
2
3
4
5
6
More than 6
Yes
No
Television
Marketer’s Suggestion
Radio
Print
Online
5Q:-Do you use Mineral Water
Yes
No
Himgiri
Bislari
kinley
Any other
Cheaper
Pure Mineral
Available in many quantities
Yes
No
Yes
No
Yes
No