A Case Study On Pran
A Case Study On Pran
A Case Study On Pran
1.0 Introduction
1.1 Background of the study
At present business is very much complex because of even changing
customer choice, preference, taste etc. and for the technological and
high competition. As globalization is on the competition is spread an
over the world. So every organization should be international standard.
Every company or firm wants to make their loyal customer group. Each
firm would like to gain maximum profit through consumer's
satisfaction. To day each company has to face so much competition. To
perform all marketing tasks marketer are to faces. Two types of
environment, one is macro or external and another is micro or internal
environment.
We know that juice pack is a consume goods. It is classified as shopping
goods. People usually drink juice for the refreshment and to reduce
tiredness. In all seasons juice is widely consumed by the customers. But
the demand becomes high in the summer. Juice is tasty and nutrition's.
There is a wide demand and high prospects for the juice products.
PRAN juice pack is one of the items to meet this demand.
This study tries to focus on marketing problems and prospects of PRAN
juice pack. PRAN juice pack is one of the popular brands in Bangladesh
and also in international market recently. It is manufactured and
marketed by Agriculture Marketing Company Ltd. (AMCL) of PRAN
group. PRAN juice pack is selling mainly local market (all over
Bangladesh) already it is exporting in Europe, America and Middle East
also in India. There is much higher demand for locally produced juice
pack in the country than present domestic supply. We see that there is a
shortage of PRAN product in our local market. So Bangladesh imports
some juice from Pakistan, India and other countries. In this situation
higher demand for locally produced juice in the country than present
domestic supply. Bangladesh is not self sufficient in PRAN juice
product production. Bangladesh has to import a large quality of various
juice product or finished juice products such as bottle, can and pack. We
see that there is frequent shortage of juice product is our local market.
As a result the customers of PRAN juice pack are facing a lot of trouble.
There are many problems in the distribution of PRAN juice pack. The
demand of juice pack is not stable in Bangladesh. There are two ways of
juice pack supply in Bangladesh. 1) Domestic production and 2)
Imported juice products.
The prime objective behind the creation of PRAN juice industry was to
ensure the steady supply PRAN juice and to make it easily available to
the customers when they need at the lower possible price.
Although Bangladesh has a favorable condition for the growth of juice
product industry, yet it is not rich in production due to absence of raw
material and modem machineries. The distribution system is not
developed with respect to the market demand. The price of juice pack is
not determined by the market forces. In this situation, marketing
management concept is not being implemented in the existing juice
pack marketing system. There is no combination among product, price
place and promotion. In case of distribution a lot of irregularities come
out due to lack of marketing management concept. Weak marketing
system is responsible for this kind of error.
However, very few research works have been accomplished in the area
of juice particularly on juice marketing. Although this work is not
providing a specific guideline to overcome the current problems of
PRAN juice pack, but I think this report will be helpful for the
marketers, the customers and the policy makers who are directly
involved in the formulation of the marketing strategy of PRAN juice
CORPORATE MISSION
POVERTY AND HUNGER ARE CURSES
OUR AIM:
TO GENERATE EMPLOYMENT
AND EARN DIGNITY
AND SELF-RESPECT FOR OUR
COMPATRIOTS THROUGH
PROFITABLE ENTERPRISES
Commitment
Policy
Customer
Requiremen
t
Resource
Management
Objective
Planning
MIS
Accounts & Fin.
Infrastructure
Review
Purchasing
Production
Customer
Satisfaction
Process/Product
Control
Improvement
through analysis
Calibration
Product
Realization
Product
also facilities for dehydration of fruits and vegetables and mineral water.
The AMCL has incorporated in Bangladesh on May 1985 as privet
limited company under the company act, 1913 and subsequently in 22nd
June, 1993 the company was converted into public limited company.
PRAN IS SPECIALIZED
IN AGRO PROCESSING
AND THE COUNTRYS
FIRST & LARGEST
AGRO PROCESSOR
HAVING ISO 9001,
HACCP AND HALAL
CERTIFICATION
1)
2)
3)
4)
RANGPUR
RANGPUR
NATORE
NATORE
GHORASHAL
GHORASHAL
DHAKA
DHAKA
CHITTAGONGG
CHITTAGONGG
(Till December
40
1679
305
79
229
123
1712
875
1202
324
20
852
Export
33
Distribution H/O
90
257
400
8220
FACTORIES:
1) Ghorashal (AMCL & PIP)
2) Rangpur (RFL)
3) Natore (PAL)
4) Brahmonbaria
5) Chittagong
Executive
Director
Executive
Director
Executive
Director
Executive
Director
Chief of
Department
Chief of
Department
Chief of
Department
Chief of
Department
General
Manager
General
Manager
General
Manager
General
Manager
Senior
Manager
Senior
Manager
Senior
Manager
Senior
Manager
Manager
Manager
Manager
Manager
Assistant
Manager
Assistant
Manager
Assistant
Manager
Assistant
Manager
Sub-Assistant
Manager
Officer
Junior Officer
Worker
11
CHAPTER TWO
13
I have collected necessary data from the following sources, which are given
below:
1) Primary data
2) Secondary data
1) Primary Data: The information, which is collected directly from the field
for a study is called primary data. Generally the following methods are used in
collection of primary data.
a) Survey questionnaire: I prepared two types of questionnaire, which are Open-ended questionnaire.
Close-ended questionnaire.
b) Observation: I observed many stores (wholesales, retailer) with sales
representative. I directly observed consumer attitudes and behavior.
c) Personal communication: I had communicated personally with the
executive of the firm and other officials who were the most important for this
study.
2) Secondary data: Different types of secondary data are used for this study. I
have collected secondary data from the following sourcesa) Annual report of PRAN, AMCL: 2004-05
b) Marketing Department of PRAN-RFL Group.
c) Human Resources Management Department of Common Services.
c) Website of PRAN-RFL group: www.pranrflgroup.com
Analytical tools
To present the data I have used the following analytical tools:
i) Table
ii) Chart
iii) Graph etc.
Number of wholesalers
Number of retailers
Number of consumers
10
50
50
d) Sample selection method: I have used cluster sampling method and random
sampling method for collecting primary data.
15
CHAPTER THREE
16
No.
Products name
1.
250 ml
12
2.
250 ml
12
3.
250 ml
12
4.
250 ml
5.
250 ml
12
6.
250 ml
12
7.
250 ml
12
17
Existing
Existing Product
New product
Market Penetration
Product development
Market
At present
New
Market development
Diversification
Market
Market penetration:
A strategy for company is growth by increasing sales of current products to
current market segment without changing the product quality.
Market development:
A strategy for company growth by identifying and developing new market
segments for current company product.
Product Development:
A strategy is for company growth by offering modified or new products to
current market segment.
Diversification:
The strategy is for company growth by starting tip or acquiring business
outside the company's current products and markets.
18
19
Product
Services
Personnel
Channel
Image
Form (Size,
shape or
physical
structure of
product)
Features
Performance
Conformance
Durability
Reliability
Repair ability
Ordering ease
Delivery
timely
Installation
Customer
Training
Customer
Consulting
Maintenance
& Repair
Competence
Coverage
Symbols
Country
Expertise
Media
Credibility
Performance
Atmosphere
Reliability
Events
Responsiveness
Communication
Miscellaneous
Style
Design
(2)
(3)
. (4)
(5)
(6)
(7)
Affordability
and speed
Low
Medium
Law
High
Competitive
ability to
improve
standing
Recommen
ded action.
Medium
Medium
111gb
Low
Hold
Monitor
Monitor
Invest.
Competitive
Advantage
Company
Standing
Competitor
standing
Importance
Improving
standing
Technology
Cost
Quality
Services
8
6
8
4
8
8
6
3
Low
High
Low
High
Company
Product
Target consumers
Benefits
Quality Conscious
consumer of young.
(Age within 3-30)
Tasty
and
healthy
PRAN
(Juice
pack)
Price
Value proposition
10%
premium
21
Sales
Introduction
Early
Rapid
Growth Growth
Mature
Saturation
Decline
Stage
Time
22
500000000
400000000
300000000
200000000
100000000
2000-01
2001-02
2002-03
2003-04
2004-05
2005-06
2006-07
2008-09
23
Total units (sales) for the last eight years are given below:
Year
1999-00
27500000
2000-01
30000000
2001-02
32000000
2003-04
35500000
2004-05
39500000
2005-06
43500000
2006-07
46000000
2007-08
51500000
2008-09
55200000
24
25
24%
20%
Question Mark
16%
Star
12%
8%
4%
Cash Cow
Dog
2%
10x 4x 2x 1.5x 1x
Juice pack of AMCL occupies the place of Star. So, juice pack is usually
profitable. It has high market share and high market growth rate. This product
is absorbing a high level of cash to support increasing advertising, sales
coverage, sales support and additional machinery.
26
Market share:
Market share of the last eight years are given below:
Year
2000-01
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2000-01
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
27
Company Name
PRAN JUICE
STARSHIP
OTHERS
28
Price is the sum of all the value that consumers exchange for the benefits of
having or using the product on serves. Historically, price has operated as the
major determination of buyer's choice.
a) Pricing policy:
As the company has an objective to stay in the market as long as possible with
this business, it has adopted the penetration price policy some both domestic
and international market.
Another viewpoint is that the company has adopted a fixed pricing strategy.
The cause behind this strategy is that the target consumers generally do not like
bargaining. As because the PRAN products users perceive high status.
b) Pricing Strategy:
Considering consumer satisfaction, markets demand etc. the company follows
the prices of juice pack is "Cost-pricing" strategy. The pricing strategy is very
specific and straight according to present market situation. Pricing decision is
made through the discussion among the Managing Directors.
There are three stages at which the prices are fixed to the market in
Bangladesh.
Firstly, the price, which is fixed by the factory, is called factory prices.
Secondly, the wholesalers collect PRAN juice product from the factory then
they fix a price for juice pack and then sell to the retailers on sub dealers. This
type of pricing is called wholesale pricing. The wholesalers pricing system are
given below:
Wholesaler Price = Issue price + transportation cost + storage cost + packing
cost
+ Physical losses + other costs + profit margin.
29
Thirdly, the retailers then collect PRAN juice pack from the wholesalers. After
keeping a certain profit margin, they fix a price. This type of pricing is called
retail pricing.
30
The company has two types of distribution system for juice pack. One is
domestic regarding distribution system and other is international regarding
distribution system.
Domestic:
Domestic distribution structure of PRAN juice pack in Bangladesh is given
below:
Wholesalers
Retailer
Consumer
Consumer
SALES REPRESENTATIVES
700
DISTRIBUTORS
400
DISTRIBUTION NETWORK
ZONAL MANAGERS
80
REGIONAL MANAGERS
17
31
32
PRAN SALES
NETWORK
RANGPUR
Existing Regions
Dhaka-1
Dhaka-2
Narayangonj
SYLHET
BOGRA
MAULAVIBAZAR
DHAKA-2
Comilla
Noakhali
Chittagong
DHAKA-1
N. GONJ
FARIDPUR
Mymensing
Out Chittagong
COMILLA
Sylhet
JESSORE
Maulovi Bazar
BARISHAL
NOAKHALI
CHITTAGONG
Jessore
OUT CHITTAGONG
Barisal
Bogra
Rangpur
Faridpur
Existing Depots
COMILLA
Ghorasal
Tongi
Natore
NATORE
MOULOVIBAZAR
TONGI
GHORASHAL
Moulovibazar
Chittagong
Barisal
Noapara, Jessore
COMILLA
NOAPARA
BARISHAL
CHITTAGONG
To be Opened
Comilla
Rangpur
International:
33
Manufacturer
I
t
a
l
y
Agent / Distributor
Foreign Consumer
MAJOR EXPORTS
All over the world
Canada
USA
France Belgium
Austria
London
Switzerland Germany
Japan
Pakistan
Kuwait
Nepal
Qatar
Bhutan
India
Saudi Arabia
Malaysia
UAE
Sri Lanka
Sierra Leone
Singapore
Congo
Lebanon
Madagascar
INDIA UAE
CANADA USA
FRANCE BELGIUM
Australia
AUSTRIA ITALY
GERMANY AUSTRALIA
JAPAN PAKISTAN
KUWAIT QATAR
CONGO SAUDI ARABIA
BHUTAN UK MALAYSIA
SRI LANKA SINGAPORE
MALAGASY REP.
SIERRA LEONE NEPAL
LEBANON SWITZERLAND
DJIBOUTI
34
Advertising:
Advertising is one of the most common tools that the company uses to direct
persuasive communications to longer target buyers, consumer and public. It is
aware of the consumer about its quality, price and consumption pattern.
35
2) Personal selling:
Personal selling is one of the most important to the firm. Personal selling
creates a good relationship to the dealers, distributors, wholesales, retailers,
with customer or others of PRAN. So, the company's sales people also play a
vital role there.
3) Sales promotion:
Sales promotion is another essential ingredient in marketing campaigns. Such
promotion consists of diverse collection of incentive tools, mostly short term,
designed to stimulate quicker and for greater purchase of particular products or
services by customer, where advertising offers a reason to buy PRAN Juice
36
Publicity:
PRAN juice pack in Bangladesh uses some publicity, the company frequently
provides the material for publicity in the form of news releases, press
conference and photograph.
37
CHAPTER FOUR
38
(2) Selling problems: The main selling problems of the wholesalers are sales
on credit, sales forecasting:
39
Sales on credit: The distribution mainly depends upon the retailers for selling
PRAN juice pack. So, the wholesaler has to face some of the demand of the
retailers. Most of the retailers want to buy PRAN juice pack on credit. There
are many risks involved in sales on credit of PRAN juice pack. Retailer does
not want to take risk. So, most of the retailers buy the PRAN juice pack on
credit.
40
(4) Storage: The wholesaler of PRAN juice pack has no warehouse. So they do
not stock a large amount of PRAN juice pack at a time.
High distribution cost: It is one of the most important problem faced by
wholesaler. There are involved many policy and procedure. So wholesalers
have to pay big amount that makes great trouble of wholesalers high
distribution cost involves handling cost, physical losses, tax and financial cost.
41
(2) Sourcing problem: The retailers have not available source, so they could
not get available marketing and product related information. Sometimes they
do not know what have to be done?
(3) Financial problem: Most of retailer is not strong financially. But the
retailers need a lot of many for PRAN juice pack business. The retailers cannot
collect required capital from any reliable sources.
(4) Timely supply problem: The retailers have to face various problems.
Supply of PRAN juice pack is a long term and time consuming process.
Sometimes the retailers do not supply the PRAN juice pack according to the
demand of the customers.
(5) Selling problem: The retailers have to face various selling problems. The
main selling problems of the retailers are to sale forecasting. They are not
actual measurement of target sale. Most of the retailers of PRAN juice pack
depend on wholesalers.
(6) Pricing problem: Price determination is a different task for the retailers.
The retailers collect PRAN juice pack from the wholesaler and they are
depending on the price that is determined by wholesalers. There are no scopes
to determine the price of juice pack by retailers.
(7) Storage problem: The 35% retailers face many storage problems with their
PRAN juice pack. Most of the wholesalers do not allow the retailers to use
their shops. So due to the lack of modern facilities their PRAN juice pack can
not maintain properly.
42
(1) Sources: The customer cannot get available information related PRAN
juice pack. They have no permanent sources. Few information collections
from local retail stores.
(2) Quality: At present the customers are more careful about product quality.
They want to buy quality product. So the customers are in a big problem
with the quality of PRAN juice pack. These imitated PRAN juice pack are
coming to the customers in many ways. Identification of PRAN original
juice pack and PRAN imitated juice pack are great problems for the
customer. In this causes PRAN juice pack cannot provide quality ensure of
their juice pack.
(3) Packaging labeling and weight of PRAN juice pack: At least 30%
customer complained packaging and labeling of PRAN juice pack as well
as the 25% customer complained weight PRAN juice pack would like to
change their existing packaging system. When company packed juice pack
then they cannot properly maintenance weight that is written with the
labeling of juice pack.
43
(4) Poor services and irregular supply: The Company does not provide actual
services that are expected by target customer and retailers. Company supply
juice pack wholesaler but wholesalers does not maintenance regularity to
supply sometimes it is seen that there are available PRAN juice pack stock
in the market and sometimes crisis seen in the market. The customer and the
retailers in Bangladesh fully depend on the wholesalers.
44
CHAPTER FIVE
45
(1) Opinions of the sample participant about the existing juice pack
(PRAN):
Their opinions have been presented in table.
Table-1
Sample
Wholesalers
Questions
Sample
Retailers
Sample
Customers
Yes
6
(60%)
No
4
(40%)
Yes
30
(60%)
No
20
(40%)
Yes
No
5
(50%)
5
(50%)
30
(60%)
20
(40%)
40
(80%)
10
(20%)
4
(40%)
6
(60%)
25
(50%)
25
(50%)
10
(100%)
0
(0%)
38
(75%)
12
(25%)
40
(80%)
10
(20%)
have
buying
46
'Though Bangladesh has to import large quantity of various types of juice pack
from foreign countries like SHEZAN (PAKISTAN), DANISH (DENMARK).
So, 100% wholesalers, 75% retailers and 80% customers opinion in that the
juice pack is being imitated. They cannot recognize that actual PRAN juice
pack imitated one.
(2) Opinion of the sample participants about distribution appropriateness:
Their opinions have been presented in table.
Table-2
Opinions
Wholesalers
Retailers
Customers
Appropriate
6 (60%)
30 (60%)
35 (70%)
Not appropriate
4 (40%)
20 (40%)
15 (30%)
Total
10 (100%)
50 (100%)
50 (100%)
40% Wholesalers, 40% Retailer, and 30% customer think that the existing
distribution system of PRAN juice packs to be not appropriate for the present
situation. In their opinions the present distribution system in not customer
47
oriented. 60% Wholesaler, 60% retailer, and 70% customers think that the
existing distribution system is reasonable.
(3) Opinion of the sample participants about different distribution related
questions:
From the evaluation of the participants we see that 80% wholesalers and 90%
retailers does not carry PRAN juice pack to their store. According to 90% of
wholesalers and 75% of retailers opinion, that has no major problem in the
case of product transportation. 90% wholesalers and 60% retailers have no
storing problem. There is no conflict seen between the others distribution
participants. 50% wholesalers, 50% retailers and 20% customers expressed
their opinion that they are not depended one others participants.
Table-3
Questions
Wholesalers
Yes
Retailers
Customers
No
Yes
No
Yes
No
8
(80%)
5
(1O%)
45
(90%)
6
(60%)
12
(25%)
38
(75%)
7
(70%)
20
(40%)
30
(60%)
2
(1O
%j
4
(4O
%j
3
(3O
%j
0
(0%j
10
(100%)
0
(0%)
50
(100%)
5
(5O
%j
5
(50%)
25
(50%)
25
(50%)
40
(10%)
10
(20%)
48
Table-4
Opinions
Wholesalers
Retailers
Customers
Appropriate
10 (100%)
38 (75%)
30 (60%)
Not appropriate
0 (0%)
12 (25%)
20 (40%)
Total
10 (100%)
50 (100%)
50 (100%)
25% retailers, and 40% customer do not think the existing pricing to be
appropriate for the present situation. So there are few pricing problem has exist
in present situation and it has made the marketing system complex.
(5) Opinion of the sample participants about the various price related
issues:
Their opinions are given below:
Table-5
Questions
Are you increasing the
price any time?
Do you prefer fixed price?
Sample
Wholesalers
Sample
Retailers
Sample
Customers
Yes
0
(0%)
No
10
(100%)
Yes
0
(0%)
No
50
(100%)
Yes
No
9
(90%)
1
(10%)
50
(100%)
0
(0%)
45
(90%)
5
(10%)
Here, mention, 90% wholesaler, 100% Retailers and 90% customer like fixed
price the participant are facing various kind of trouble with market price. So we
49
think that the price of PRAN juice pack should be fixed 100% wholesalers and
100% retailer are not increasing their juice pack price any time.
Table-6
Question
What kind of Wholesaler are
you?
Special
General
Local
Regional
4
(40%)
5
(50%)
1
(10%)
Table-7
Question
What kind of Retailer are you?
Large
Medium
Small
5
(10%)
20
(40%)
25
(50%)
Here, we have collected from 20 relaters opinion. 10% retailers are large, 40%
retailers are medium and 50% retailers are small.
(8) Opinion of the sample participants about the marketing problem:
Their opinions are given below:
Table-8
Question
Wholesalers
Retailers
50
Yes
No
Yes
No
4
(40%)
6
(60%)
20
(40%)
30
(60%)
The participants are questioned whether they have faced any other marketing
problems, 60% wholesaler, 60% retailers opinion is that they have no
marketing problem.
Table-9
Questions
Sample
Wholesalers
Sample
Retailers
Sample
Customers
Yes
No
Yes
No
Yes
No
1
(10%)
9
(90%)
5
(10%)
45
(90%)
15
(30%)
35
(70%)
5
(50%)
5
(50%)
25
(50%)
250
(50%)
25
(50%)
25
(50%)
Here mention 90% wholesalers, 90% retailers and 70% customers have
expressed their opinion that the existing packaging and labeling of PRAN Juice
Pack is not major defects. 10% wholesalers, 10% retailers and 30% customers
complained that existing packaging and labeling system. They have claimed,
the existing packaging and labeling is more improved.
51
50% wholesalers, 50% retailers and 50% customers opinion is that need to
increase quality of PRAN juice pack as well as same percent participants
opinion is that need not to increase quality of PRAN juice pack.
Table-10
Questions
Sample
Wholesalers
Sample
Retailers
Sample
Customers
Yes
No
Yes
No
Yes
No
7
(70%)
3
(30%)
38
(75%)
12
(25%)
3
(30%)
7
(70%)
10
(20%)
40
(80%)
10
(20%)
40
(80%)
Here, 70% wholesalers and 75% retailers think that the role of government policy is
favor of their business. The participant's opinion is that the government has no control
over this policy. While taking interview of the participants they are asked whether
they have complained to any authority about their problems 30% wholesaler 20%
retailer, not 20% customer have complained to they have asked help from the
authority, but they have not got any positive result how ever, 80% wholesaler has said
that our business should free from political instability 50%. Retailers have said our
government should increase business loan to solve business problem.
52
CHAPTER SIX
53
6.0 Analysis
6.1 SWOT ANALYSIS OF PRAN JUICE PACK
The SWOT analysis is having identified the company's external opportunities
and threats as well as internal strength and weakness. In other word the over all
evaluation of a company's strength, weakness, opportunities, and threats is
called SWOT analysis. It can be develop new function business or corporate
strategies to accomplish this change. A SWOT analysis for juice pack of PRAN
is as follows:
First, I have defined strengths of PRAN juice pack which are given in below:
Strengths
1) Management competence.
2) Good marketing skills.
3) Good materials management systems.
4) Competence of information system.
5) Competence of human research.
6) Brand name reputation.
7) Differentiation advantages.
8) Innovation effectiveness.
9) Appropriate organizational style.
10)Appropriate management style.
11) A large market share.
54
Secondly, I defined weaknesses of PRAN juice pack which are given in below:
Weaknesses:
1) Partial poor marketing plan and maximum time emphases on only TV
advertisement not on other promotional mix.
2) Conflict in between pure marketing knowledge and application.
3) Decline in research and development for innovation.
4) Don't feel necessity of market survey and not eager to understand
consumer behaviors.
5) Not eager to redesign or reformat the product.
6) Lack of technical manufacturing skill.
7) It has no attractive advertisement.
Thirdly, I have defined opportunities of PRAN juice pack which are given in
below:
Opportunities:
1) Company can expand its product line by introducing differentiation or
introducing new items for various using purposes.
2) Can apply research and redevelopment in new areas.
3) Diversity into new growth business.
4) Extend cost or differentiation advantages.
5) Widen product range.
6) Exploit new market segments.
7) Overcome barriers to entry.
55
Finally, I have defined threats of PRAN juice pack which are given below:
Threats:
1) Increasing foreign companies domination.
2) Changes in consumer tastes.
3) Rapidly rising and invention of new or substitute products.
4) New forms of vigorous industry competition.
5) Political instability and government regulation.
6) Economic depression.
56
1) Geographical diversification:
I think that the PRAN juice pack has also high demand in all over the market of
Bangladesh. The customer for whom the products are producing, they have
scattered everywhere in the country and they have the same liking for this
product. Beside it has goodwill in the whole country. So I think that there is a
great opportunity of geographical diversification in domestics and foreign
markets.
57
5) Competitive advantages:
Fully competition is not started in the market of PRAN juice pack. STARSHIP,
SHEZAN & DANISH is the existing competitor of PRAN juice pack.
Especially, company has to face two styles of competitions: i) Price and, ii)
foreign image. So, there is an opportunity to take competitive advantages and
increase market share.
6) Market extension:
Most of the people of Bangladesh are lower middle classes and some are upper
class. The lower middle classes are highly price sensitive to high price. They
usually want various qualities and design of juice pack at a lower price. There
is a great chance of increasing the market share, if a great produce attractive
qualities and designs but in lover price.
So, this will indicate the firm has a bright future and prospect. Above these
viewpoints the company can expand its markets.
58
CHAPTER SEVEN
59
b) Target market:
New segments will be added with the existing market. New segment will be for
middle lower and old people.
c) Product positioning:
The Company will make position of juice pack as economic and quality
product for large market share.
d) Product differentiation:
Taste, color combination and flavor of juice pack will be improved.
60
61
The distribution pattern needs to be changed the company have to added few
pickup vans for proper timely distribution. A juice pack is a very necessary
product for the customer; demand oriented distribution should be introduced.
Firstly it is necessary to estimate the number of customer in a certain area. And
then to estimate their annual demand. Then it is necessary to appoint a dealer
distributor for a certain area.
The company will be taken sales promotion program. Cash discount quality
discount and gift will be given to the sales forces. Sales promotional budget
will be increased as for as possible.
Current adverting theme will be change a little bit the company is eager to
make brand advertising on the front page of daily national newspaper.
62
Customer and services are being completely ignored in the existing system.
There are no extra facilities given to the customers. The complains of the
customers are considered. Customer oriented marketing should be established.
Though the existing product life cycle, PRAN juice pack position is rapid
group stage. So there are some additional suggestion has been given to keep
this position. During this stage the firm uses several strategies to sustain rapid
market growth as long as possible.
63
64
CONCLUSION
65
Now the firm is facing various types of marketing problems. In this paper some
suggestions and recommendations have been given so that the firm can
overcome those problems. I believe that the management of PRAN is more
experience as well as they are also thinking about those problems. I think
management should be took care this problem. If the firm produces PRAN
juice as for the customer's choice and demand oriented, the consumers will be
highly motivated to purchase the juice of the firms.
So, through the observation of the activities and information collected from the
interview of participant such as wholesalers, retailers, customers it can be said
that this firm is being profitable conduct becomes the firm is not to strong on
counter remarkable competition, workers dissatisfaction, and for sufficient
demand in comparison with the manufactured goods. But the firm is not being
able to perform its marketing activities with efficiency. In this condition
continues the firm will be endangered and undergo less in the long run. But it is
possible to expand this firm to a greater extent, if it can make use of its present
opportunities and facilities properly and it will be possible for it to earn more
profit than it is earning now. Therefore, the firm will have to give importance to
perform the marketing activities efficiently.
PRAN Juice Company is no doubt one of the basic companies in Bangladesh.
So we glad to know the locally produced juice in now in a position to fulfill the
total of PRAN juice pack in the country. The PRAN juice has that success of
66
67
REFERENCES
1) Kotler Philip, Principles of Marketing, 10th Edition, Prentice Hall
International, Inc, 2001.
2) Kotler, Philip, Marketing Management, Millennium Edition, Prentice Hall of
India Private Limited, 1999.
3) Stantion. J. Willam, Fundamental of Marketing, 9th edition, 1998.
8. Potter. Michael, Edeco, Competitive advantage and strategy, The Free Press.
9. Annual Report of AMCL: 1998-99, 1999-2000, 2000-2001, 2001-2003, 200304, 2004-05.
68
APPENDIX
69
What factor do you consider for selecting the source of raw materials?
13.
2.
3.
4.
5.
6.
7.
What is the amount annual expenditure for the quality control of your
products?
70
8.
9.
10.
11.
If the target was not fulfilling, what was the reason for that?
12.
(b) in credit
(d)
others.
3. What problems do you faced in transportation of products?
4. What is the way do you think to solve this problem?
5. How do you collect order from customer or Buyer?
6. What were the sales volumes last 5 years?
7. What is the districts amount?
73
...
Date:
..
Local Regional
Yes
No
3) Do you have selling problem?
Yes
No
4) Do you think the product is being imitated in Bangladesh?
Yes
No
5) Do you think that existing distribution system of PRAN products is
Special
General
2) Do you need loan?
Yes
No
7) Do you face any problem in the care of product Transportation?
Yes
No
8) Do you face any problem in the case of storage?
Yes
No
9) Do you have any conflicts with the other Wholesaler?
Yes
No
10)How much are you depended on the participants?
Yes
No
11) What is your co-operation with the participants?
Yes
No
12) Do you think the existing pricing system of PRAN products is
Yes
No
6) Do you carry product to your store?
Yes
No
13) Do you think the existing pricing control system of PRAN products is
reasonable for the present situation?
74
Yes
No
15) Do you think has a major defect of the existing pricing system of
Yes
No
14) Are you increasing the price anytime?
PRAN products?
Yes
No
16) Do you think the existing pricing system of PRAN products is high
buying price System?
Yes
18) In the
No
of government
Yes
No
17) Do you prefer fixed pricing?
role
business?
Yes
No
19) Are you satisfied with the role of the government policy in
Bangladesh, especially VAT System?
Yes
No
21) Do you have face any other marketing problem?
Yes
No
22) Do you think that there is a major defect of the existing packaging
Yes
No
20) Have you complain about your problems to the authority any time?
Yes
No
75
...
Date:
..
1)
DoLarge
Medium
Smaller
you need loan?
Yes
No
3) Do you have selling problem?
Yes
No
4) Do you think the product is being imitated in Bangladesh?
Yes
No
5) Do you think that existing distribution system of PRAN products is
2)
is
Yes
No
Yes
No
13) Do you think the existing pricing control system of PRAN products is
reasonable for the present situation?
76
Yes
No
15) Do you think has a major defect of the existing pricing system of
PRAN products?
Yes
No
16) Do you think the existing pricing system of PRAN products is high
buying price System?
Yes
18) In the
No
of government
Yes
No
17) Do you prefer fixed pricing?
role
business?
Yes
No
19) Are you satisfied with the role of the government policy in
Bangladesh, especially VAT System?
Yes
No
21) Do you have face any other marketing problem?
Yes
No
22) Do you think that there is a major defect of the existing packaging
Yes
No
20) Have you complain about your problems to the authority any time?
Yes
No
77
1)
Yes
Yes
3)
2)
No
you think
No
Do you think the product is being imitated in Bangladesh?
Do
the existing distribution s stem of PRAN
products is appropriate the present situation?
Yes
Yes
5)
Yes
6)
4)
No
What is your cooperation with the participants?
No
Do you think the existing pricing system of PRAN products is
No
How much are you dependent on the participants?
8)
9)
Yes
Yes
Yes
No
Do you think the existing pricing control system of PRAN
products is reasonable for the present situation?
No
Do you think has a major defect of the existing pricing system
of PRAN products?
No
Do you think the existing pricing system of PRAN products is
high purchasing price?
Yes
Yes
11)
10)
No
In the role of government policy in Bangladesh favor of your
No
Do you prefer fixed pricing?
business?
12)
Yes
Yes
No
No
Are you satisfied with the role of the government policy in
Bangladesh especially VAT System?
78
13)
Yes
Yes
15)
14)
No
Do you think has a major defect of the existing packaging and
No
Do you have face any other marketing problem?
Yes
No
79