ARIHANT COLLEGE, INDORE
A Major Research Project on Topic
(Customer satisfaction and buying motive of coca-cola company)
Submitted to
Devi Ahilya University, Indore
For partial fulfillment of the requirement for the Degree of
Master of Business Administration Session (2023-25)
Submitted To: Submitted By:
Prof. SWATI SAMADHIYA RIMISHA RATHOD
1
This research project is the culmination of our studies in the Marketing
Management specialization. We extend our deepest gratitude to our
professors and advisors, whose guidance and support were in valuable
throughout this journey. The purpose of this study is to explore [Customer
satisfaction and buying motive of coca-cola company], driven by the
growing relevance of [specific industry/trend]. While this project covers
extensive research, certain limitations were in evitable .The methodology
employed includes [briefly describe methodology], providing a
comprehensive analysis. The report is structured into sections that
systematically address the objectives, methodology, findings, and
conclusions, offering a detailed understanding of the topic.
2
CERTIFICATE
This is to certify that [RIMISHA RATHOD] has successfully completed the
research project titled [Customer satisfaction and buying motive of coca-
cola company ] under the guidance of [Name of guide with
designation].The research project was undertaken as part of the requirements
for MBA in Marketing Management at Arihant College.
The project was evaluated and found to be satisfactory in terms of its quality,
methodology, and contribution to the field of [Customer satisfaction and
buying motive of coca-cola company].
We hereby declare that the work presented in this project is original and has
not been submitted elsewhere for any other degree or award.
Signature of Supervisor: ___________
Date________
3
DECLARATION
I ( RIMISHA RATHOD) student of MBA(MM), Arihant
College .Declare that the Major Research Project work which is
being presented in the report entitled (Customer satisfaction and
buying motive of coca-cola company ).The research as per my
knowledge is original and not published in any research journal
previously.
(Rimisha Rathod)
MBA 3rd SEMESTER
2023-2025
4
ACKNOWLEDGEMENT
I am grateful to my MRP guide (Prof. SWATI SAMADHIYA) for her
precious guidance throughout my major research project. She has
devoted his valuable time and motivated me at every step towards
completing this project. The study would not have been possible without
her generous guidance.
I am deeply in debated to Dr. Vivek Kapre, Principle – Arihant College,
Indore for his support and blessings .His support has rendered me great
help towards this project.
I also express my sincere gratitude to my family members, friends and
respondents for their extended support throughout the project. Finally, I
am thankful to all those who have directly or indirectly contributed in
this project.
TABLE OF CONTENT
5
S.No. Topic Page No.
1. Introduction 1-8
2. Literature Review 9-11
3. Research Methodology 12-14
4. Data Analysis 15-18
5. Findings ,Suggestion & 19-68
Conclusion
6. References 69
7. Appendices 70
6
Introduction
The buyer forms a judgment of volume and acts. Whether the buyer is
satisfied after purchase depends upon the offer's performance in relation to
the buyer's expectations. According PHILIPKOTLER ,the definition of
customer satisfaction is the level of a person's felt state resulting from
comparing a product's perceived performance in relation to the person's
expectations}
Thus the satisfaction level is a function of the difference between
perceived performance and expectations. A customer could
experience may be three broad levels of satisfaction. If the
performance fans short of expectations. If the performance
matches the expectations, the, customer is satisfied. If the
performance exceeds expectations, the customer is highly
satisfied, pleased or delighted. Companies are aim in thigh
because who are just satisfied will still find it easy to switch
supplies when a better offer comes along. The fact is that high
satisfaction or Delight creates an emotional affinity with the brand
not, just a rational preference, and they creates high customer
loyalty.
The change is to create company culture such that everyone within
the company aims to delight the customer. Companies seeking to
7
win in today's markets must track their Customers expectations
perceived company performance and consumable satisfaction that
need to monitor this for their competitors as well.
8
STATEMENT OF THE PROBLEM
Literature Review
In the present global business environment,
there is a saying that“Customer is the King” and
“survival” is the mantra of each and every
organization. This is achieved only when the
customers of its products and services are satisfied.
Retaining the customers’ of a company and make
them loyal towards it, depends upon the degree of
satisfaction of them towards the products and services
which it offers for them for meeting their needs and
wants. Customer needs, wants and expectations are
changing from time-to-time. The company, which is
able to meet these diversified as piration soft he
customers ,is the only one to survive in this
competitive Customer satisfaction is the means to
determine the survival, growth and prosperity of an
organization and whether to be in the competition or
to withdraw from it. In Soft drink Dairy Industry,
Coca Cola and is the market leader in Andhra
Pradesh.
In this context, the researcher had undertaken this
study to know the degree of Customer Satisfaction
and preferences toward the Coca Cola Soft drink
Products and to find out any discrepancies, in the
minds of customers, and to suggest management
measures to minimize them.
OBJECTIVE SOF THE STUDY
To study the customer satisfaction towards the Coca
Cola products.
To study the market in efficiency of Coca Cola
products.
To study the customer awareness levels soft various
Coca Cola products.
To study the opinion various aspect soft Coca Cola
products.
RESEARCH METHODOLOGY
Research Design
The researcher after selecting the research
problem, he has to plan how he should conduct his
research in a most efficient and successful manner.
Good planning gives the direction to the research for
the successful completion of the project .The plan of
the study is called as Research design.
Data Source: Primary Data
Research Approach: Survey
Method Research
Instrument: Questionnaire
Contact method: Personal/Direct
Types of Research
Research design is purely and simply a
framework for a study that guides the collection and
analysis of the data.
There are two basic types:
1. Descriptive Research
2. Casual Research
This research includes surveys and fact find in
gen queries’ of different kinds. The major purpose of
descriptive research is that the researcher can only
describe the state of affair sex is tin gat present in the
or genii rations .The main feature of this method
Is that the Researcher has no control over the
extraneous variables called there spondents as he is
going to interview the employees of the organization
in order to perform his study. He can only report what
happened or what is happening. In social relationship
between the dependent and independent variables
existing within the organization. The independent
variables are quality, price, availability, durability,
after-sales service and other features of Coca Cola
Soft drink Products and the dependent variables are
the Customers’ satisfaction towards the Coca Cola
Soft drink Products and their loyalty towards the
company.
Sources of Data and analysis’
To perform the research study by there searcher,
the sources of data obtained at Coca Cola are-
1) Primary Data: This data is obtained by
interacting and interviewing the customers of
Coca Cola by providing them questionnaires
and directly interacting with them.
2) Secondary Data: This data is obtained
directly from the company in the form of
broachers, pamphlets, charts, diagrams,
documents and other forms.
Questionnaire:
This method of data collection is quite popular
particularly in case of bigger queries’. It is being
adopted by private individuals, research workers,
private and public organizations and even by
government. In this method, a questionnaire is issued
to the persons concerned with a request to answer the
questions and return the question naira. A question
naira consists of number of questions printed or typed
in it order or a form or set of forms.
There searcher used the structured question naira which the
questions are:
1. Open-ended questions
2. Closed-ended questions
3) Multiple-choice questions.
Sampling Design
There searcher has do Nevis research study on
the customer soft Soft drink products in Nellore using
simple Random Sampling Procedure.
Sample Size: 350CustomersofCocaColaProducts
Sampling Procedure
The researcher has performed his study using a
convenience sampling method to find out the
Customers ’ preferences and satisfaction towards the
Soft drink products of Coca Cola. According to this
method, the researcher can select any of the
respondents from the total population to be as a
sample for his study by keeping in view time and cost
constraints.
Random sampling
Random sampling is also known as ‘probability
sampling’ or ‘chance sampling’. Under this sampling
design, every item of the universe as an equal chance
of inclusion in the sample.
Random sampling from a finite population refers
to that method of sample selection which gives each
possible sample combination an equal probability of
being picked up and each item in the sample. This
applies to sampling without replacement i.e., once an
item is selected for the sample, it can appear in the
sample again. In brief, the implications of random
sampling (or simple random sampling) are:
Gives each element in the population an equal
probability of getting into the sample; and all
choices are independent of one another.
SCOPE OF THE STUDY
The present study is to know the customer satisfaction,
marketing efficiency and the customer awareness
level soft Coca Cola and also getting the opinion
various as pacts’ of Coca Cola products.
LIMITATIONS OF THE STUDY
As my study is confined only to the customers of
Coca Cola Soft drink Products, the
Results may not be generalized to the total
market of Coca Cola Soft drink Products.
As the customers of Coca Cola Soft drink
Products are in a large number, it is not possible
for the researcher together information from all
of them due to time and cost constraints.
The information provided by the customers
may be misleading .Though all the measures have
been taken to minimize this effect.
INDUSTRY PROFILE
Producing companies to formulate customer-centric
strategies. These changes had a positive impact,
leading to the rapid growth in the FMCG industry.
Increased availability of retail space, rapid
urbanization, and qualified man power al so boosted
the growth of the organized retailing sector.
HLL led the way in revolutionizing the product,
market, distribution and service format soft the
FMCG industry by focusing on rural markets, direct
distribution, creating new product, distribution and
service formats. The FMCG sector also received a
boost by governmental initiatives in the 2003 budget
such as the setting up of excise free zones in various
parts of the country that witnessed firms moving
away from outsourcing to manufacturing by investing
in the zones.
Though the absolute profit made on FMCG products
is relatively small, they generally sell in large
numbers and so the cumulative profit on such
products can be large. Unlike some industries, such as
automobiles, computers, and airlines, FMCG does not
suffer from mass layoffs every time the economy
starts to dip. A person may put off buying a car but he
will not put off having his dinner.
Unlike other economy sectors, FMCG share float in a
steady manner irrespective of global market dip,
because they generally satisfy rather fundamental, as
opposed to luxurious needs. The FMCG sector, which
is growing at the rate of 9% is the fourth largest
sector in the Indian Economy and is worth Rs.93000
cr. The main contributor, making up 32% of the
ABRIEFINSIGHT-BEVERAGEINDUSTRYININDIA
In India, beverages form an important part of the lives
of people. It is an industry, in which the players
constantly innovate, in order to come up with better
products to gain more consumers and satisfy the
existing consumers.
Fig 2 .0BEVERAGES IN INDIA
The beverage industry is vast and there various way
soft segmenting it, so as to cater the right product to
the right person. The different way soft segment in
get is as follows:
Alcoholic, non – alcoholic and sports beverages.
Natural and Synthetic averages.
In-home consumption and out of home on premises
consumption.
A gee wise segmentation I. e. be verages for
kids, for adult sand for senior citizens.
Segmentation based on the amount of
consumption i.e. high levels of consumption and
low levels of consumption.
If the behavioral patterns of consumers in India are
closely noticed, it could be observed that consumers
perceive beverages in two different ways i.e.
beverages are a luxury and that be ages have to be
consumed occasionally. These two perceptions are
the biggest challenges faced by the beverage industry.
In order to leverage the beverage industry, it is
important to address this issue so as to encourage
regular consumption as well as and to make the
industry more affordable.
Four strong strategic elements to increase consumption
of the product soft the beverage industry in India are:
The quality and the consistency of beverages
needs to be enhanced so that consumers are
satisfied and they enjoy consuming beverages.
The credibility and trust needs to be built so that
there is a very strong and safe feeling that the
consumers have while consuming the beverages.
Consumer education is a must to bring out
benefits of beverage consumption whether in
terms of health, taste, relaxation, stimulation,
refreshment, well- being or prestige relevant to
the category.
Communication should be relevant and trendy so
that consumers are able to find an appeal to go
out, purchase and consume.
The beverage market has still to achieve greater
penetration and also a wider spread of
distribution. It is important to look at the entire
The 50-bn-rupee soft drink industry is growing now at
6to7% annually. In India, Coke and Pepsi have a
combined market share of around 95% directly or
through franchisees. Camp Cola has a 1% share, and
the rest is divided among local players. Industry
watchers say, fake products also account for a good
share of the balance. There are about 110 soft drink
producing units (60% being owned by Indian bottlers)
in the country, employing about 125,000people.There
are two distinct segment soft the market, cola and
non-cola drinks. The cola segment claims a share of
62%, while the non-cola segment in clued soda, clear
lime, cloudy lime and drinks with orange and mango
flavors.
The per capita consumption of soft drinks in India is
around 5 to 6 bottles (same as Nepal's) compared to
Pakistan's 17 bottles, Sri Lanka's 21, Thailand's 73,
the Philippines 173 and Mexico 605. The industry
contributes over Rs 12 ban to the exchequer and
exports goods worth Rs 2 bn. It also supports growth
of industries like glass, refrigeration, transportation,
paper and sugar. The Department of Food Processing
Industries had stipulated that 'contains-no-fruit-juice'
labels be pasted on returnable glass bottles. About
85% of the soft drinks are currently sold in returnable
bottles. There was a floating stock of about 1000 mn
bottles valued at Rs 6 bn. If the industry were to abide
by the new guidelines, it would have to invest in new
bottles, resulting in a cost outgo of Rs 5 bn. Neither
Coke nor Pepsi is in a position to invest such a large
amount.
Around 400,000 tons of raw materials would be
For placing the bottles to end-march 2006. In the
meantime, the producers have shifted substantially to
the use of PET bottles.
Soft and aerated drinks were considered products for
the middle class and the affluent. That segregation is
no more valid. Soft and rated drinks are consumed by
all except those who cannot afford to buy any drink.
An NCAER study says that 91% soft drink sales are
made to the lower, middle and upper middle
classes .The soft drink industry has been urging the
government to categories are rated waters (soft
drinks) equitably with other consumer products of
mass consumption and remove special excise duty.
The industries tomatoes that the beverage market
should grow at twice the rate of GDP growth. The
Indian market should have, therefore, grown by at
least 12%. However, it has been growing at are ate of
about6%.Incontrast, theChinesemarketgrewby 16% a
year, while the Russian market expanded
At almost four times the rate of growth of the Indian
market.
It may be recalled that Coca-Cola, the world's number
one player, was present in India for a long time in
collaboration with an Indian producer but was thrown
out in the late
1970s.ItreappearedinIndiafollowingtheeconomicliber
alizationera-butafterits
rival,world'snumbertwo,hadalreadyenteredinabigwayf
ollowingalongand tough fight against the opposition
from the domestic producers .When Coca- Cola are -
entered,itinstalledanewmilestone.Itacquiredthewellflo
urishingIndia'stop
player,Parle.Sincethenitisbasicallyafightbetweenthetw
oAmericangiants. Others are playing a peripheral role
,as adjuncts to the two MNCs .World ' s third biggest
player ,Cadbury Schweppes ,handle soma de a n en
try but was gobble up by Coca-Cola. When Coca-
Cola acquired Parle brands, it was, in fact, buying the
bottling facilities, the marketing network, and thee
established consumer preference during the
Market build- up .The brands were a drag on the
global brand. Since Coca-Cola was not interest din
brands (like Thumps Up), it did not promote
them .The result, at least, and in the short run was a
loss of the market to the competitor. Coca-Cola
decided to market more effectively the Parle brands. I
in it armory Coke, Thumps Up, Limca and Fanta. The
latest to enter market was Parle’s erstwhile Rimzim,
alongside Portello, a black currant flavored drink,
very popular in Srilanka.
Coca- Cola pe rates through 35 plants and 16
franchisees throughout the country, while Pepsi Co
has 20 plants, but it has 7 more franchise see sat 23 to
16 of its rival. Coca-Cola claims a market share of
51%, while Pepsi has a share of 46%. The claims,
however, remain disputed .The other smaller players
like Pure Drinks Ltd claim the rest of the market. The
shares of the two lead players are consolidated
figures, which include the respective bottlers. Coca-
Cola had approached the government for a five year
extension for divesting 49% equity in its bottling
subsidiary ,Hindustan Coca- Cola Holdings .It had
setup the marketing subsidiary as part of its strategy
to integrate all its bottling operations, both company-
owned and franchisee bottlers, apparently keeping in
line with its global policy. All together, it had bought
initially over 38 franchisee bottlers.
Kandhari Beverages, coke bottlers for north have
been eyeing to lift a stake in Coca- Cola India. Coca-
Cola had filed an application to offload 49% stake of
its bottling operations in favour of their Indian
operator’s .Besides Kandhari, three other bottlers, and
one
Ups, as consumers seem to be shifting away from
carbonated soft drinks. PepsiCo is deliberating
whether to come out with Pepsi Twist, a cola mixed
with lemon .But while both companies do not have
juice sports drinks, bottled water and other such
drinks in their line-ups, coke nor Pepsi has launched a
new national variety of a cola- flavoured carbonated
soft drink in years.
PepsiCo had achieved Rs 3 b n worth of exports,
which include processed foods, basmati rice, guar
gum and soft drinks concentrate .PepsiCo completed
the second phase of its expansion and with this
expansion, Pepsi Co was to explore the possibility of
expanding the export of concentrates to more
countries in addition to the exports to Russia and
other South Asian countries.
Pepsi India has entered in to a marketing tie up with
Hindustan Lever to promote sales of soft drinks
through Pepsi-HLL network of vending machines and
fountains. The major soft drink brands in the Pepsi
stable are Pepsi, 7UP, Miranda, Tropicana and
Acquafina.
As a major strategic departure, both MNCs were
expanding their brand range. Consequent to some
diversifying moves, at present, the sales ratio of
Coca-Cola between soft drinks and other beverages is
95.5. The company intended to change this to 80:20in
the next three years. Its juice brand, Maaza – acquired
from Parle a few years ago - is being given a major
thrust .It has plans to go in for canned coffee , iced
tea and purified categories under expansion schemes .
I that’s already launch edits bottled water brand,
Kinley, in the Indian market. Besides, it is intending
to acquire domestic brands in the non-carbonated
beverages segment.
The global deal between Coca-Cola and P&G to
form a snacks and beverages joint venture company
was reported to have slipped into rough weather. The
P&G brand of potato wafer, Pringles, see me d to be
faced with distribution problems in India .P&G
Had globally tied up with Coca-Cola to form a stand-
alone juice and snacks company. The new firm is
focused on developing and marketing new juices,
juice based averages and snacks on a global basis.
The Sharjah-based Allied Beverages was pushing its
Ah LAN brand in India, having entered the market in
mid - 2000. It star get was carbonated drink s market
in PET bottles .It splans were to launch a PET bottle
in the popular 300 ml category. Ahlan expected to
gain a 12% share of the total PET bottle market in
northern India. Of the total market, PET bottle
segment is approximately 12%. Presently, Allied Be
veragesh as a manufacturing unit at Dharuhera in
Haryana. The product range includes carbonated
drinks - cola, orange, lemon and soda in three pack
sizes - 500 ml, 1500 ml and 2000 ml .Allied
Beverages sells non-carbonated drinks in 200 ml food
grade cups priced at Rs 7 in its portfolio, available in
four different flavours .The company's future plans in
cud pulp-based fruit drinks in flavours, which will be
available in 200 ml non-returnable glass bottles.
IFB Agro Industries has handed over the distribution
rights of Cadbury Schweppes in favour of Coco-Cola
India, following the global takeover of Schweppes
beverages by Coke. The company still retains the
bottling rights for the beverages.
It was noticed for the first time during the summer of
2004 that soft drink companies were registering a
slower growth in the sale of bottled water at 20%
compared to 35%in case of drinks.
The growing population and rise of the middle class,
US. Hispanics include people of Cuban, Mexican,
Puerto Rican, Southern or Central American descent.
People of other Spanish cultures or origins, regardless
of race, are also considered Hispanic. Nielsen
estimates that by 2015, Hispanics will have $1.5
trillion in buying power, reflecting a significant 50%
rise from 2010.
PET bottle segment is approximately 12%.Presently;
Allied Beverages has a manufacturing unit at
Dharuhera in Haryana. The product range includes
carbonated drinks - cola, orange, lemon and soda in
three pack sizes - 500 ml, 1500 ml and 2000ml.Allied
Beverages sells non-carbonated drinks in 200 ml food
grade cups priced at Rs 7 in its portfolio, available in
four different flavours. The company's future plans
include pulp-based fruit drinks in flavours, which will
be available in 200 ml non- returnable glass bottles.
IFB Agro Industries has handed over the distribution
rights of Cadbury Schweppes in fl avour of Coco-
Cola India, following the global takeover of
Schweppes beverages by Coke. The company still
retains the bottling rights for the beverages.
COMPANY PROFILE
The Coca – Cola Company The Coca – Cola
Company (NYSE:KO) is the world's largest beverage
company ,refreshing consumers with more than 500
sparkling and still brands and more than 3,800
beverage choices. Led by Coca-Cola, one of the
world's most valuable and recognizable brands, our
company’s portfolio features 20 billion-dollarbrands,
18 of which are available in reduced -, low-or no-
calorie options. Our billion-dollar brands include Diet
Coke, Coca-Cola Zero, Fanta, Sprite, Dasani, vitamin
water, Powerade, Minute Maid, Simply, Del Valle,
Georgia and Gold Peak. Through the world's largest
beverage distribution system, we are the No. 1
provider of both sparkling and still beverages. More
than 1.9 billion servings of our beverages are enjoyed
by consumers in more than 200 countries each day.
With an enduring commitment to building sustainable
communities, our company is focused on initiatives
that reduce our environmental footprint, create a safe,
inclusive work environment for our associates, and
enhance the economic development of the
communities where we operate. Together with our
bottling partners, we rank among the world 'stop 10
private employers with more than700, 000 system
associates. About Coca-Cola India
Coca-Cola India is one of the country’s leading
beverage companies, offering a range of healthy, safe,
high quality, refreshing beverage options to
consumers. Over the last 23 years, ever since its re-
entry in 1993, the company has gone on to establish
an unmatched portfolio of beverages; refreshing
consumers with its leading beverage brands like
Coca-Cola, Coca-Cola Zero, Diet Coke, Thumps Up,
Fanta, Fanta Green Mango, Limca, Sprite, Sprite
Zero, VIO Flavored Milk, Maaza, Minute Maid range
of juices, Georgia and Georgia Gold range of hot and
cold tea and coffee options, Kinley and Bonaqu a
packaged drinking water ,Kinley Club Soda and
BURN energy drink.
The Company along with its bottling partners,
through a strong network of over 2.6 million retail out
lets ,touches the live so f millions of consumers . Its
brands are some of the most preferred and most sold
beverages in the country.
The Coca-Cola system in India has already invested
USD 2 Billion till 2011, since its re-entry into India.
The company will be investing another USD 5 Billion
till the year 2020. The Coca-Cola system in India
directly employs over 25,000 people including those
on contract. The system has created indirect
employment for more than 1, 50,000 people in related
industries through its vast procurement, supply and
distribution system. West rives to ensure that our
work environment is safe and inclusive and that there
are plentiful opportunities for our people in die and
across the world.
With an enduring commitment to building sustainable
communities, our Company is focused on initiatives
that reduce our environmental footprint, support
active, healthy living, create a safe, inclusive work
environment for our associates, and contribute to the
development of the communities where we operate.
Some its Company’s flagship community
development programs include the “Support My
School” program, the “Parivartan” retailer training
program, women empowerment program as a part of
the global 5BY20 campaign etc.
TCCC re-entered the Indian markets post the
economic liberalization of 1991 and established Coca
– Cola India Private Limited (CCIPL) as its wholly-
owned subsidiary in 1992. Entities comprising
In India, the Coca-Cola system comprises of a wholly
owned subsidiary of The Coca- Cola Company
namely Coca-Cola India Pvt Ltd which manufactures
and sells concentrate and beverage bases and
powdered beverage mixes, a Company-owned
bottling entity, namely, Hindustan Coca-Cola
Beverages Pvt Ltd; thirteen licensed bottling partners
of The Coca-Cola Company, who are authorized to
prepare, package, sell and distribute beverages under
certain specified trademarks of The Coca-Cola
Company; and an extensive distribution system
comprising of our customers, distributors and
retailers.
Coca-Cola India Private Limited sells concentrate
and beverage bases to authorized bottlers who are
authorized to use these to produce our portfolio of
beverages. These authorized bottlers independently
develop local markets and distribute beverages to
grocers, small retailers, supermarkets, restaurants and
numerous other businesses. In turn, these customers
make our beverages available to consumers across
India.
PRODUCT PROFILE
Coca-Cola is the most popular and biggest-selling
soft drink in history, as well as one of the most
recognizable brands in the world.
Created in 1886 in Atlanta, Georgia, by Dr. John S.
Pemberton, Coca-Cola was first offered as a fountain
beverage at Jacob's Pharmacy by mixing Coca-Cola
syrup with carbonated water.
Coca-Cola was patented in 1887, registered as a
trademark in 1893 and by1895 it was being sold in
every state and territory in the United States.
In 1899, The Coca-Cola Company began franchised
bottling operations in the United States and in 1906
bottling operations for Coca-Cola began to expand
inter nationally.
Product List & Descriptions
Vio Almond Delight Maaza
Pulpy Orange Minute Maid Nimbu
Kinley Soda Limca
Kinley Water Coca-Cola
Diet Coke ThumsUp
Sprite Fanta
3 THEORETICAL FRAME WORK
Marketing:
According to Peter Duck, "Marketing is so basic that
it cannot be considered a separate function. It is the
whole business seen from the' point of view its final
results, that is from the Customers point of view
business success is not determined by the producers
but by the Customers."
The definition of marketing management as approved
by the American Marketing Association in 1985 is
"Marketing Management is the process of planning
and exe cutting the conception, pricing, promotion
and distribution of goods, services and ideas to create
exchange with target group that satisfy customer and
organizational objectives".
The definition recognizes that marketing management
is a process involving analysis, planning
implementation and control; that it covers goods,
services and ideas; that it rests in the notion of
exchange and that the goods is to produce satisfaction
for the parties involved. "
The buyer forms a judgment of volume and acts.
Whether the buyer is satisfied after purchase depends
upon the offer's performance in relation to the buyer's
expectations. According to PHILIPKOTLER ,the
definition of customer satisfaction is the level of a
person's felt state resulting from comparing a
product's perceived performance (or outcome) in
relation to the person's expectations}
Thus the satisfaction level is a function of the
difference between perceived performance and
Matches the expectations, the, customer is satisfied. If
the performance exceeds expectations, the customer
is highly satisfied, pleased or delighted.
Companies are aim because who are just satisfied will
still find it easy to switch supplies when a better offer
comes along. The fact is that high satisfaction or
Delight creates an emotional affinity with the brand
not, just a rational preference, and they creates high
customer loyalty.
The change is to create company culture such that
everyone within the company aims to delight the
customer. Companies seeking to win in today's
markets must track their Customers expectations
perceived company performance and consumable
satisfaction that need to monitor this for their
competitors as well.
For customer centered companies, customer
satisfaction is the go a land a marketing tool.
Companies that achieve high customer satisfaction
ratings make sure that their customer satisfaction
ratings make sure that their target market knows it.
Although the customer center firm seeks s to create
high customer satisfaction, it is not fail to maximum
customer satisfaction. First, the company can increase
customer satisfaction by reducing its price or
increasing its services, but his "nay result in lower
profits. Second, the company might be able to
increase its profitability in other ways, such as by
improving its manufacturing or invest in more in R
&D .Third; the company has many stake holders
including employees, dealers, suppliers and
stockholders. Spending more to increase customer
A company's tools for tracking and measuring
customer satisfaction range from the primitive to the
sophisticated. Companies use the following methods
to measure how much customer satisfaction they are
creating.
COMPLAINT AND SUGGESTIONS SYSTEM
A customer centered organization would make it easy
for its customer to deliver suggestions and companies
with many good ideas and enable them to act more
rapidly to resolve problems.
CONSUMER SATISFACTION SURVEY
A Company must not conclude that it can get a full
picture of customer satisfaction and dissatisfaction by
simply running a complaint and suggestion system,
customers may feel stupid, or that no remedy win be
offered. Most customers win buy less or switch rather
than complain. The result is that the company has
needlessly lost customers.
Therefore, companies cannot lose complaint levels as
a measure of customer satisfaction. Responsive
companies obtain as direct measure of customer
satisfaction by conducting periodic surveys. They
send questionnaires or make telephone calls to
random Sample to their recent customers to find all
how they feel about various aspects of the company
performance. They win also solicit buyer's views on
their competitor's performances.
Customer's satisfaction can be measured in a number
of ways. It can be measured directly by asking:
"Indicate how satisfied you are with service X on the
following scale; highly dissatisfied, dissatisfied,
indifferent, satisfied, highly satisfied, (directly
Analysis) finally, companies could as k respondent s to
rate various elements of; the offer in terms of the
importance of each element and how well the
organization performed each element
(importance/performance ratings). This last method
helps the company to know it is under performing on
relatively unimportant elements. While connecting
customer's satisfaction data, it would also be useful to
ask additional questions to measure customers
repurchase intention .This win normally be high, if the
customer satisfaction is high. According to John Young.
"Fully nine out of 10 customers in our surveys who
rank themselves as highly satisfied say they would
definitely or probably buy from HP again. This
satisfaction Translates into profitability because it
cost five items more to gain a new customer than it
does to keep an existing one."
It would also be useful to. Measure the customer's
likelihood or willingness to recommend the company
and brand too the persons. A highly positive word-of-
month score indicates that the company is producing
high customer satisfaction.
GHOSTSHOPPING:
Another ruse full way together a picture of customer
satisfaction is to hire persons to pose as potential
buyers to report their findings on strong and weak
points they experienced in buying the companies and
competitors products. These ghost shoppers can even
an in problem to test whether the company’s stiles
personnel handle the situation well
LOST CONSUMER ANALYSIS:
Companies should contact customers who have
stopped buying or two have switched to another
supplier to learn why this happened. They mount a
thorough effort to learn where they failed - is their
price too high, their service deficient, their products
unreliable and so on.
SOME CAUTIONSIN MEASURING CONSUMER
SATISFACTION:
When customers rate their satisfaction with an
element of the company's performances say delivery,
we need to recognize that customers win vary in how
they define good delivery; it could mean early
delivery, on-time delivery, order completeness and so
on yet if the company had to spend out every element
in detail, customers would force a huge question
noise. We must also recognize that two customers can
report being highly satisfied for different reasons.
One may be easily satisfied most of the time and
other might be hard to please but "vas pleased on this
occasion.
Companies should al so note that managers and sales
persons can manipulate their rating on customer
satisfaction. They can also try to exclude unhappy cu
OBSERVATION SON CONSUMER SATISFACTION:
The measured value of industrial output is not
necessarily a measure of customer satisfaction with
that output. Here are some of Professor Farmer's
findings on the industry level.
◻ Customer satisfaction win be lower in industries
where the industry offers a homogeneous product to a
heterogeneous market. On the -I other hand,
industries that supply high quality homogeneous
product to a heterogeneous is market win register
Satisfaction. When customers have high expectations
and the reality falls short, they will be disappointed
and will likely rate their experience as less than
satisfying .For this reason, a luxury resort, for
example, might receive a lower satisfaction rating
than a budget motel—even though its facilities and
service would be deemed superior in 'absolute'
terms."
The importance of customer satisfaction dim in is has
when a firm has increased bargaining power. For
example , cell phone plan providers , such as AT & T
and Verizon ,participate in an industry that is a no li
go poly , where only a few suppliers of a certain
product or service exist .As such , many cell phone
plan contracts have a lot off print with provisions that
they would never get a way if there were , say ,a
hundred cell phone plan providers , because customer
satisfaction would be way too low, and customers
would easily have the option of leaving for a better
contract offer. There is as body of empiric all that
establishes the benefits of customer satisfaction for
firms.
Purpose
A business ideally is continually seeking feedback to
improve customer satisfaction. "Customer satisfaction
provides a leading indicator of consumer purchase
intentions and loyalty.""Customer satisfaction data
are among the most frequently collected indicators of
market perceptions. Their principal use is twofold:"
"Within organizations, the collection, analysis and
dissemination of these data send a message about the
importance of tending to customers and ensuring that
they have a positive experience with the company’s
ramifications of satisfaction are most strongly
realizedat the extremes." On a five- point scale,
"individuals who rate their satisfaction level as '5' are
likely to become return customers and might even
evangelize for the firm. (A second important metric
related to satisfaction is willingness to recommend.
This metric is defined as "The percentage of surveyed
customers who indicate that they would recommend a
brand to friends. “When a customer is satisfied with
a product, he or she might recommend it to friends,
relatives and colleagues. This can be a powerful
marketing advantage.) "Individuals who rate their
satisfaction level as '1,' by contrast, are unlikely to
return. Further, they can hurt the firm by making
negative comments about it to prospective customers.
Willing store commend is a key metric
CFI Group, Inc. and Foresee Results apply the ACSI
to websites and other online initiatives. ASCI scores
have also been calculated by independent researchers,
for example, for the mobile phones sector, higher
education, and electronic mail.
The Kano model is a theory of product development
and customer satisfaction developed in the 1980 s by
Professor Kano that classifies customer preferences
into five categories: Attractive, One-Dimensional,
Must-Be, Indifferent, Reverse. The Kano model
offers some insight into the product attributes which
are perceived to be important to customers.
Rater is a service-quality framework that has been
incorporated into customer-satisfaction surveys (e.g.,
the revised Norwegian Customer Satisfaction
Barometer) to indicate the gap between customer
expectations and experience.
J.D. Power and Associates provides another measure
of customer satisfaction, known for its top-box
approach and automotive industry rankings. J.D.
Power and Associates' marketing research consists
primarily of consumer surveys a publicly known for
the value of its product awards.
Other research and consulting firms have customer
satisfaction solutions as well. These include A.T.
Kearney's Customer Satisfaction Audit process,
which incorporates the Stages of Excellence
framework and which helps define a company’s
status against eight critically identified dimensions.
For B2Bcustomer satisfaction surveys, where there is
a small customer base, a high response rate to the
SUGGESTIONS
The Coca Cola as increasing more distributions channels.
The Coca Cola maintains relations with the customers in
feature also.
Coca Cola should up date technology of output.
To conduct more Awareness programs in the
villages about Coca Cola Soft drink details.
To concentrate to give Advertisements through
Holdings, print media.
Coca Cola should satisfy all the customers,
suppliers and distribution members.
5 CONCLUSION
Overall the observation the Coca Cola Soft
drink products purchasing by the majority of the
customers and very satisfied with Coca Cola Soft
drink products.
The organizations should maintain same relations
and also to use new technology and to increase
strong distributions channels to provide more
discounts on the occasions and festivals and also
to conduct the awareness programs like sales
promotions mix.
Reference:
For successfully completing my project work file. I have taken
Help from the following website links:
*www.google.com
*www.wikipedia.com
*www.youtube.com
Following books are used to have an idea about coca-cola
*The story of coca-cola
*Inside cola-cola
Appendices
The coca cola company
The cola -Cola Company is an American multinational
corporation founded in 1892. It is best known for its flagship
product, coca-cola, and is headquartered in Atlanta, Georgia.
The company operates a franchised distribution system,
where it produces syrup concentrate sold to bottlers
worldwide. Coca-cola has a wide product portfolio including
soft drink, fruit juices, sports drinks and bottled water. The
company’s mission is to refresh the world and make a
difference through sustainable practices, innovation, and
community engagement