Project Synopsis: Scms Cochin School of Business

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SCMS COCHIN SCHOOL OF BUSINESS

PROJECT SYNOPSIS

1. Name of the student : Umang Thakkar


2. Roll No : FK-3428
3. Name and address of the organization
where the project is to be carried out : Hedge school of applied economics
4th floor, hedge house
Palarivattom,
Cochin-682025
Kerala, India
4. Project Title :

“A STUDY ON CUSTOMER PERCEPTION ABOUT VARIOUS FINANCIAL


PRODUCTS”
5. Rationale of the project :
The purpose of selecting this topic is to know the availability of competitors in the market, to
know the perception of customers as because of many financial firms available in the market, to learn
about the financial products, to nurture the Talents & Marketing strategies, to improve the image of
financial firms by preaching about the financial products & its future needs to the consumers, to
understand the giant share market & its value. Enhance to knowledge towards financial products & its
value as well as to understand the impossible sector of financial needs.

6. Objectives :
 To study the perception of the customers with reference to the financial market.
 To offer suggestions for increasing the level of awareness of the customers.
 To study the customer’s awareness.
 To understand the giant market by predicting the customers.
 To learn the world of opportunities.
 To evaluate the awareness of customers towards various financial products.

7. Scope of the study :


The purpose of this study is to develop and empirically test a model examining the relationship
between customer perceptions (product attributes, benefits, customer satisfaction, trust, commitment
and customer behavioral loyalty) and financial performance. While variables such as loyalty are
associated with individual behaviors, they have conceptual equivalents at the organizational level,
namely retention and cross-buying. Both retention and cross-buying have the potential to increase
income and lower costs, and thus to influence firm financial performance. For example, loyal
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customers are less likely to switch to other providers and their retention requires less ongoing
relationship effort to retain
8. Methodology :
a. Type of Research: Primary and Secondary data.
b. Sampling Plan:100 samples from public and customers of Hedge Equities.
c. Data Collection: Questionnaire.
d. Data Analysis: Tables, Charts, Chi Square Test
9. Literature Review :

 An empirical survey of individual consumer, business firm and financial institution attitudes
towards Islamic methods of finance. The purpose of this paper is to review the attitudes,
perceptions and knowledge of Islamic financial products and services. A synoptic survey of
empirical analyses about Islamic financial products and services and comparison with the
literature on conventional financial services and products. It was found that while religious
conviction is a key factor in the use of Islamic finance, consumers also identify bank
reputation, service quality and pricing as being of relevance. When selecting a financial
institution's products and services, business firms usually employ criteria that are more
conventional, such as the cost of finance, in their decision making. There is also interest
among financial institutions in supplying Islamic financial products and services, but this is
mitigated by complications with firm management and a lack of familiarity with business
conditions. The concept of risk sharing with borrowers serves as a substantial barrier to most
financial institutions engaging in Islamic methods of finance. Research
limitations/implications – This survey is limited to work published in refereed journals, books
and book chapters.

10. Bibliography :

file:///C:/Users/Umang/Downloads/PROJECT%20SYNOPSIS.pdf

https://www.researchgate.net/publication/235294405_The_influence_of_customer_perceptions_on_fi
nancial_performance_in_financial_services

https://acadpubl.eu/hub/2018-119-12/articles/1/122.pdf

Signature of the student

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