CCASBCM165 (Double Horse Project Report)
CCASBCM165 (Double Horse Project Report)
CCASBCM165 (Double Horse Project Report)
UNIVERSITY OF CALICUT
BACHELOR OF COMMERCE
Submitted by
MANU JOJU
(CCASBCM165)
Ms.Sandhya V
DEPARTMENT OF COMMERCE
MARCH 2021
CHRIST COLLEGE (AUTONOMOUS), IRINJALAKUDA
CALICUT UNIVERSITY
DEPARTMENT OF COMMERCE
CERTIFICATE
The information and data given in the report is authentic to the best of my
knowledge. The report has not been previously submitted for the award of any
Degree, Diploma, Associateship or other similar title of any other university or
institute.
Date: CCASBCM165
ACKNOWLEDGEMENT
Above all, I express my eternal gratitude to the Lord Almighty under whose
divine guidance; I have been able to complete this work successfully.
I am thankful to Ms. Smitha Antoney, Class teacher for her cordial support,
valuable information and guidance, which helped me in completing this task
through various stages.
I would like to express my gratitude to all the faculties of the Department for
their interest and cooperation in this regard.
LIST OF TABLES
LIST OF FIGURES
FINDINGS, SUGGESTIONS
CHAPTER 5 37-39
& CONCLUSION
BIBLIOGRAPHY
ANNEXURE
LIST OF TABLES
TABLE
TITLE PAGE NO:
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FIGURE
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This project was undertaken for a period of 6 weeks in Manjilas Food Tech
Pvt.Ltd. Nellikunnu. This project brings out the importance of ―Customers
brand preference of Double Horse products.
This research is all about how and how much customers are aware about
Double Horse products and which will lead prefer them to purchase the Double
Horse products.
The present research study was carried out with the new view to recognize the
level of brand awareness and customer‘s preference for the DOUBLE HORSE
products. The study also analyzed whether the quality influence brand
preference.
1
1.2 Statement of problem
The problem is to identify the problem related with brand awareness among the
customers was done to analyze the brands mostly preferred by customers in the
market, the customers brand awareness and brand preference of Double Horse
and to rate the customers‘ brand loyalty towards ―Double Horse with
reference to Manjilas group of companies.
The study covers how long Double Horse products can keep its market
penetration by keeping its customers happy and meet their changing demands
in the competitive world. The scope of the study has been spread around the
following issues and tried to address it within the prevailing economic
condition.
1.4 Significance
1.5 Objective
2
1.5.2 Sub objective
● To determine the influence of advertisement on customer brand
preference.
● To identify the attributes that makes customers to prefer a specific brand
● To analyze whether the quality of a product have any influence on the
customer brand preference.
3
1.7.2 Sample size
Sample size is the representative unit of the population. For this study
survey was conducted for 55 respondents.
1.9 Limitation
Time factor : The researcher had only limited period of 6 weeks study. So the
study was time bound
Experience : The research had limited experience in the field being a student
Response : Some of the respondents were reluctant to answer all the question
is being collected from a sample of population, this view cannot be generalized
on large population.
Sample survey : Since the information is being collection from a simple of
population , this view cannot be generalized on large population.
1.10 Characterization
Chapter 1 : Introduction
Chapter 2 : Review of literature
Chapter 3 : Industry profile and company profile
Chapter 4 : Data analysis and interpretation
Chapter 5 : Finding, suggestion and conclusion
4
CHAPTER 2
REVIEW OF LITERATURE
2.2 Empirical review
5
Christian Homburg ,Martin Klarmann ,JensSchmitt 2012 “Brand
awareness in business markets: When is it related to firm performance?” This
paper examines below which circumstances brand awareness is associated with
market performance in a B2B perspective. This topic deals that how market
performance will leads to the brand awareness.
6
Hoeffler S. & Kevin Lane Keller 01 July 2003 “Understanding brands,
branding and brand equity” This paper pointing few vital principles of brands,
branding and Brand Equity. The paper moreover pointing few key thoughts in
building, determining and managing brand equity. This topic deals only Single
brand based study, where the other is in general basis.
Brand
Brand name
Brand mark
7
Branding
Trading mark
Brand Awareness
Brand recognition
Brand recall
8
Importance of brand awareness
In the same way as several kinds of brand awareness can be illustrated; there
are assortments of techniques for estimating the awareness. Normally,
scientists use studies, did on an example of consumers getting certain facts
about their perception into the focus brands or classification.
• Unaided recall test : here the respondent is given an item class and requested
to name whatever number brands as could reasonably be expected. In that way,
the un-aided recall tests gives the respondent no pieces of information or
prompts. These tests are used to test brand review.
• Aided-review test: here the respondent is asked with a brand and asked if they
have seen it or caught winddof it. In several supported review tests, the
respondent may also be approached to simplify what they consider about a
brand for example towards depict bundle, covering, symbol or extra particular
highlights. Helped review tests are used to examine the brand awareness.
9
Brand awareness plan
• Involve a slogan or jingle: The slogan and jingle stand dominant and can be a
modified for a brand
• Be diverse and mem0rable: Similarity between the manufactured goods and
their means of manufactured goods difference and communication is very
important.
• Symbol publicity: It helps to remember and memorize a noticeable illustration
of the specific brand
• Publicity: Through advertisement company can easily achieve this Event
funding: It helps to build and retain awareness.
• Using cue: packing is the most important prompts to a brand is due to the
point that, it is what the buyer notices when buying a product.
Brand preference
10
Purpose
Corporate reputation
Brand attributes
These are passionate affiliations which are alloted to mark by their clients and
prospects.. Brand qualities are the components for building up brand
personality.
Service quality
11
Factors influencing consumer preference of a brand
Promoting
Social Institutions
Accessible Substitutes
On the off chance that an item has a few substitutes - elective items that
shoppers may pick rather a specific brand of item - buyers will be increasingly
touchy to changes in cost. Notwithstanding, if purchasers don't see comparative
items to be viable substitutes - for instance, shoppers who don't think Coke and
Pepsi are similarly heavenly - they will be more averse to change to a substitute
dependent on cost. This idea is known as the value flexibility of interest.
12
Cost
Shoppers more often than not buy to a greater extent a decent if the value falls.
For instance, a deal or discounted costs may build utilization of a decent. Then
again, an expansion in cost may cause decreased utilization, particularly if the
great has accessible substitutes.
Purchaser Income
Accessible Substitutes
In the event that an item has a few substitutes - elective items that buyers may
pick rather a specific brand of item - buyers will be increasingly touchy to
changes in cost. Nonetheless, if purchasers don't see comparable items to be
powerful substitutes - for instance, buyers who don't think Coke and Pepsi are
similarly flavorful - they will be more averse to change to a substitute
dependent on cost. This idea is known as the value flexibility of interest
13
CHAPTER-3
INDUSTRY AND COMPANY PROFILE
3.1 Industry profile
Food Industry Throughout history rice has been important food of man‘s.
Nowadays these irreplaceable grains assist to tolerate two thirds of the entire
world‘s population. Archaeological proof recommends that rice has been
serving manhood for over and above 5000 years. Nowadays farming is the
spine of India‘s economy given that nonstop work to about 70% of functioning
people in the nation. It forms the preference of the numerous leading industries
in India, plus the cloth, jute as sugar businesses. The great nourishing worth,
small fat content, stress-free digestibility and especially the rich separate aroma
of rice provide the fortunate importance little miracle than that Indian rice can
crack even the utmost regular serving dishes in the delicious rice is the staple
food from breakfast to dinner dessert, rice eaters to every applications in the
lives of the people especially of south India rice in round grained long grained
verities. Besides these there as specially rice verities for the varied traditional
users of rice in kitchen oil over the world.
Industry Size
Processed food sales worldwide are nearly US$ 1.8 trillion, yearly for food or
closely 10% of the gross local product. Over 20.3 Million general public are
engaged in the food manufacturing.
Manjilas rice history originated from humbly environments of the rice bazar,
Thrissur which is the cultural capital of Kerala. Sri. M O John started his rice
vending opening in the year 1959.. He was the president of the chamber of
commerce ( 1993-2000 ). The wide vision of great man, Manjilas make about
20 verities of rice and 100 verities of food products under the famous brand
name DOUBLE HORSE, Manjilas food tech pvt ltd is a private firm. The firm
14
is promoted by their individual viz; Rajeev manjila, Vinodmanjila,
Santhoshmanjila, and Joe rani. Thanks to the wide vision of the great man,
Manjilas about 14 veritiesof rice and about 50 verities of food products under
the brand name Double Horse. The rice powder unit was started on 27 th
December 1996. This unit was registered under industrial development of
Kerala with permanent S.S.I registration No.09/09/017445 dated 28-02-1997.
The main items of manufacture were rice powder, puttupodi, Idli powder, Dosa
powder, etc. The unit is marketing the products all over Kerala and some parts
of Gulf under the brand name ―Double Horse‖. The consistent quality and
taste of their products increased day by day. So they increased their production
capacity gradually to 20 meter per day. Still the unit is not in a position to cater
the demand of both domestic and export market. The main bottleneck in
production line is packaging section.
The unit use state of the art imported technology. Double Horse food products
ensure well wellknown reed division rotated in the growth of the traditional as
well as ground-breaking products, giving freshness to customers taste and taste.
Double Horse highlighting on keep strict quality factors that contains the
following recognition of total infective count, Total fungous count and
recognition of pathogens like E.coli,,staphylococcus, salmonella, Bacillus,
hysteria,aclostridium etc. Double Horse is available across length and breadth
of India, Middle East ,USA and Europe. Rice has been staple diet of millions
worldwide, but of decades back, for the Manjilas it became more than just that.
It becomes a passion that pulled into an amazing success story. It was the
rumple environs of rice bazar, Thrissur. That Manjilas saga began. In order to
give his customer consistent quality M.O John started backing rice mill in 1976,
from then on there was no looking back. The company collecting paddy from
various places like Tamil Nadu, Andhra Pradesh and processing the paddy
from the major processing unit situated in Thrissur, Palakad and after that the
processed rice move to the main distribution centres in Palakkad and Kollam.
The company marketing its products through direct marketing
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Board of director
16
CHAPTER-4
DATA ANALYSIS AND
INTERPRETATION
This chapter deals with the analysis and interpretation of data relating to the
Customer brand preference on double horse products at manjila food tech
pvt.ltd
Male 40 72.72
female 15 27.28
total 55 100
The above figure shows out of the total respondents, 24.5% of them are
female and 75.5% are male.
17
Table 4.2 showing the age of the customer
From the above figure shows 24.52% of respondents are blow 20 and
75.48% of respondents are above 20.
18
Table 4.3 Showing respondent usage based on double horse product
SI no Options No of percentage
respondents
1 yes 53 96.36
2 no 2 3.64
total 55 100
From the above figure shows that 96.36% of respondents use and 3.64%
Not use double horse products
19
Table 4.4 showing respondents familiarity with double horse
From the above figure 7.55% never heard it,18.87% is aware but never used
it,66.04% used it only sometimes,and 7.55% used it on regular basis
20
Table 4.5 Showing customer awareness of about double horse product
From the above figure show that most of the respondents is for pickles
33.96%Then comes rice 30.19% ,after that spices and condiments finally
coconut products with 7.55%
21
Table 4.6 Showing the source of information about double horse
products
SI no Option No of percentage
respondents
1 television 46 86.79
2 radio 1 1.89
3 magazine 5 9.43
4 internet 1 1.89
total 53 100
Figure 4.6 Showing the source of information about double horse products
From the above figure shows the way respondents heard about double horse
products ; by television 86.79%, by radio 1.89%, by magazine 9.43%, and
By internet 1.89%.
22
Table 4.7 Showing whether the advertisement of double horse brand
are attractive
SI no Options No of percentage
respondents
1 Strongly agree 5 9.43
2 agree 41 77.36
3 disagree 6 11.32
4 Strongly 1 1.89
disagree
total 53 100
Figure 4.7 showing whether the advertisement of double horse brand are
attractive
From the above figure shows that 9.43% strongly agree, 77.36% agree,11.32%
disagree and 1.89% strongly disagree on advertisement of double horse brand.
23
Table 4.8 Showing the quality of double horse products in market
4 dissatisfied 3 5.66
5 No answer 1 1.89
total 53 100
(source : primary data)
From the above figure shows 7.55% highly satisfied ,52.83% satisfied, 32.08%
Neither satisfied nor dissatisfied , 5.66% dissatisfied and 1.89% with
no answer
24
Table 4.9 showing double horse products are affordable when
comparing with other brands
5 No answer 1 1.89
total 53 100
(source : primary data)
From the above figure shows that 13.21% strongly agree while
comparing double horse products with other brands and 0% strongly
disagree on affordability of double horse product.
25
Table 4.10 showing the rate of appearance of double horse products
1 excellent 11 20.75
2 good 38 71.70
3 poor 2 3.77
total 53 100
From the above figure shows about 20.75% excellent , 71.7% good,
3.77% poor and 3.77% very bad rate of appearance of double horse products
26
Table 4.11 Showing the reason for preference of double horse products
Figure 4.11 Showing the reason for preference of double horse products
27
Table 4.12 Showing the occasion for using double horse products
1 Daily 12 22.64
2 Functional 41 77.36
total 53 100
Figure 4.12 showing the occasion where you use double horse
products
From the above figure shows where respondents use double horse products
daily 22.64% and functional 77.36%.
28
Table 4.13 Showing the kinds of promotional offer
1 discount 20 37.74
Total 53 100
29
Table 4.14 Showing the preference on variety of double horse rice
From the above figure shows that single matta32.08%, gheerice 26.42%,
ponni rice 15.09%, jaya rice 22.64%, no answer 3.77% are the preference on
variety of double horse rice
30
Table 4.15 Showing complaints on double horse products
1 yes 15 28.30
2 no 38 71.70
total 53 100
From the above shows that there is complaint 28.3% and there is no complaint
71.7% towards double horse products
31
Table 4.16 showing customer brand preference in the absence of double
horse products
From the above figure shows that respondents who prefer other brand
Such as eastern 30.19 %, nirapara 47.17%, saras 5.66%, and other 16.98%
At times when double horse is not available.
32
Table 4.17 showing reason for preferring double horse brand
2 Price 10 18.87
3 Goodwill of 7 13.21
company
4 Advertisement 0 0
Total 53 100
From the above figure shows most of the respondents preference of particular
brand by good quality 67.92%, price 18.87%, goodwill of company
13.21%Advertisement 0%.
33
Table 4.18 showing customer brand insistence on double horse products
1 Always 7 13.21
2 Sometimes 44 83.02
3 Never 2 3.77
Total 53 100
from the above figure shows insist of same brand for every purchase in
3 cases ; always 13.21%, sometimes 83.02%, never 3.77%
34
Table 4.19 Showing main complaints on Double Horse products
3 Quantity 7 13.21
Total 53 100
(source : primary data)
From the above figure shows the different types of complaints and its
Percentage ; packing complaints 83.02%, expiry 3.77%,quantity 13.21%
these are the recorded complaints of double horse products.
35
Table 4.20 showing the availability of double horse product in your
locality
from the above figure show the availability of double horse products
From everywhere 66.04% and from limited shops 33.96%
36
CHAPTER-5
FINDING, SUGGESTIONS AND
CONCLUSION
5.1 Findings
Since Double Horse product had a good brand image in the market, majority
customers show a high rate of brand loyalty toward Double Horse. Even
through Double Horse is very popular among the various brand in the market, it
can grow much more in future when the company improve certain factors
following are some of my suggestions based on my study.
Company should exhibit their advertisement not only in television but also
in other medias of advertisement like internet, newspaper etc.
It is advisable for the firm to select those celebrities who can attract and
influence the potential customers towards the brand Double Horse.
Double Horse can enhance its promotional offers like extra quantity, free
gift, and discount, buy one get one offers so as to increase its sales.
Company can fix the price of Double Horse product in such a way that all
income levels especially low income group can afford it.
The firm should undertake continues market research so that it can be up to
date in dynamic business scenario.
It is advisable for the firm to watch with eager the movements of the
competitors so as to counter play the competitors in the market.
Company should try to create competitive advantage for its product so that
the customers can differentiate Double Horse product from other similar
brands.
Company should design the package of its products in such a way that the
brand name
i. e.; Double Horse should be the main highlights.
5.3 Conclusion
The project entitled "a study on brand awareness and brand preference of
‗Double Horse products' at Manjilas food tech pvt.Itd" was done to study the
brand awareness and brand preference of customers on Double Horse.
d. Malik, M. E., Ghafoor, M. M., Hafiz, K. I., Riaz, U., Hassan, N. U., Mustafa,
M., &Shahbaz, S. (2013). Importance of brand awareness and brand loyalty in
assessing purchase intentions of consumer. International Journal of Business
and Social Science, 4(5).
h. Chen, C. F., & Chang, Y. Y. (2008). Airline brand equity, brand preference,
and purchase intentions—The moderating effects of switching costs. Journal of
Air Transport Management, 14(1), 40-42.
i. Lu, L. C., Chang, W. P., & Chang, H. H. (2014). Consumer attitudes toward
blogger‘s sponsored recommendations and purchase intention: The effect of
sponsorship type, product type, and brand awareness. Computers in Human
Behavior, 34, 258-266.
Websites
www.manjilas.com www.ibef.org
BOOKS
Aaker, David, ―MANAGING BRAND EQUITY: CAPITALIZING ON
THE VALUE OF A BRAND NAME‖, New York: The Free Press, 1991,
pp. 90.
Pran K.Choudary, (2009),― Successful Branding‖, McMillan Publishers
APPENDIX
QUESTIONNAIRE
Name :
Yes no
Television v Radio
Magazine Internet
9. Do you think double horse products are affordable when comparing with
other brands?
Excellent Good
Price Quality
Service Availability
12. Choose the occasion where you use double horse products?
Daily Functional
Yes No
16. Which brand you prefer more, if double horse was not available?
Eastern Nirapara
Saras Other
17. Why do you prefer double horse brand?