Busuiness Studies
Busuiness Studies
Busuiness Studies
1, INTRODUCTION:
We think of a bar, a box of gummy bears, or a box of small cubes when we hear the term
"chocolate," and the verb that comes to mind is "sweet." Historically, however, over 90% of
chocolates were in the form of liquids, and sugar had nothing to do with chocolates other than
being something to "eat" rather than "drink." It was mostly bitter and used as a beverage. Due
to the high cost of creating drinking chocolate and the tradition of drinking from expensive
utensils in the past, chocolates were once regarded as a luxury good in the European market.
However, chocolates have gotten more affordable in the modern world. According to a recent
survey, around 7.3 million tonnes of chocolate were used worldwide in 2015-2016, with this
consumption anticipated to increase to approximately 7.7 million tonnes by 2018-2019.
Everyone like chocolate, but not everyone treats it as a health advantage. Some people think
chocolate enlightens them. Chocolates are steadily displacing traditional Indian sweets in
India, where it has long been customary to give and receive chocolate gifts from friends and
family. Cadbury is one of the country's top chocolate producers. Due to the exorbitant
expense of manufacturing, John Cadbury began selling sipping chocolates, tea, and coffee to
Advertisers prioritise brand distinction and its USPs in order to entice consumers. A
company's brand name is frequently its good name, according to a popular saying. The term
"brand" comes from the Old Norse verb "Brandr," which means "to burn." It is a group's way
of identifying the product. When a trademark or logo is present, the client can choose the
specific item from a wide range of offerings. Therefore, a brand is a symbol of identity, such
as a mark or identifying mark that sets one product apart from another. In addition, a brand is
a representation of a product's essential qualities, including its image, price, and physical
attribute A brand is also a symbol that encompasses a product's salient characteristics,
including its pricing, image, and physical attributes. The brand's unique selling proposition—
commonly referred to as USP—is what allows for the simplest kind of brand distinction.
(USP). The product's attributes, such as its features, quality, durability, reality, design, or
style, can be the foundation of this. Generic differentiation is the term for this. the rich in
Birmingham.
A current subsidiary of the American firm Mondelz International, Cadbury Limited is the
second-largest confectionery company in the world after Mars, Incorporated. The main
markets for Cadbury products are the United Kingdom South Africa,Ireland Isle of Man,New
Zealand, Canada , Australia, and India, the United States. The following products are created
with permission in some cases.
Due to its accessibility to the general population and its adherence to Indian tradition, which
is valued as an integral component of the nation, Cadbury Dairy Milk has maintained its
dominance in the hearts of many. Additionally, it has been successful in offering its
customers premium chocolates. Customers of all ages, including adults and children, have
been drawn to it. Due to its low cost and emphasis on moments that would improve
interpersonal relationships, it became well-known in India.
With a 70% market share in India, it currently dominates the chocolate candy industry.
Success was the impact of its marketing techniques. Although the corporation caters to a
variety of age groups, it has tailored its product offers to particular classes of customer
groups. The business attends to the fundamental requirements of every single customer, from
youth to adulthood, from impulsive purchases to family delights. On special occasions and
during festivals, individuals choose wrapped chocolate packages over candies due to the
rising levels of social status concern. Cadbury takes advantage of this and focuses on the
brand, packaging, and marketing tactics.
STATEMENT OF THE PROBLEM:
Achieving high levels of customer satisfaction and retaining existing clients is the goal of
every business. In light of this, determining customer taste and preference is never easy. In
today's cutthroat marketplace, a consumer's mindset might alter daily to favour the product. It
depends on factors including preference, standard of living, brand, image, and the
attractiveness and variety of competing products. Due to issues with pricing changes,
competing items, product quality, and customer buying habits, it happens frequently that the
consumer is unable to identify the cause of his happiness. Therefore, the goal of this study is
to concentrate on consumer brand recognition and preference.
In recent years, the use of sales promotion as a marketing tactic has surpassed that of other
components This is demonstrated by the abundance of sales promotion offers in the market
throughout holidays and off-seasons to encourage trial and occasionally to reschedule
consumer buying decisions, which are discovered to be advanced or postponed dependent on
sales promotion offers.
2. SCOPE AND LIMITATIONS OF RESEARCH:
2(a). Scope: Learning is a fundamental human action on par with breathing. Despite the fact
that learning permeates all aspects of our lives, psychologists disagree as to how it occurs.
Marketers are interested in the way people learn. They want customers to learn about their
goods, their features, possible benefits for consumers, how to use, care for, or even get rid of
the goods, as well as new behaviours that will meet both the demands of consumers and the
marketing strategy.
The investigation of customers' requirements, views, and utilization, as well as Cadbury's
marketing strategy in India, are the only topics covered by this study. There are a variety of
other chocolate brands available, but this research focuses solely on the brand loyalty and
marketing of Cadbury chocolates in India, leaving the others out.
2(b). Limitations:
1. Since the subject is so complex, it was quite challenging to get reliable data.
2. A shopkeeper's perspective was the only one taken into account, and company viewpoints
were not taken.
3. Review of Literature:
1. When Ekelund and Gramm (1969) looked at the relationship between advertising and
total consumption, they were unable to establish a causal connection.
2. According to Tylor and Weiserbs, aggregate demand and consumption have a positive
relationship (1972).
3. Customer-based brand equity, according to Farquhar (1991), assesses how customers
respond to a certain brand name.
4. Kotler (2000) (2000) According to a definition from that year, a brand is "the name
linked with one or more items in the product line, intended to identify the source of the
character of the item(s)."
5. There have been significant changes in Indian advertising over time, according to
Logambal, R. (2016) in his study paper Emerging Trends in Advertising. At the
commencement of the creation of the city and market, it began with the hawkers calling
out their products.. He said that early newspapers and journals featured news of births,
deaths, the arrival of ships from England, the sale of household items, etc., as well as
advertising that were aimed to inform the public. Over time, things evolved, and
contemporary advertising prospered.
6. In their study paper consequence of Ads on purchasing Behaviours of buyer: Study of
Cosmetic Industry Fatima, Samar, and Lodhi, Samreen (2015) said that advertisements are
beneficial in raising public awareness. However, there is no link between ads and customer
perceptions. Advertisements can occasionally fail to build a perception in the minds of
consumers as a whole. They stated that customer impression of a product increases after
utilising the product or receiving information from others such as peers, friends, families, and
so on. As a result, the researchers concluded that firms should employ useful and appealing
material in their advertising to make customers aware of their products.
4. Objectives of research:
The following objectives guide the study's work:
1. choosing the actions to maintain and enhance brand recognition and marketing tactics.
2. to determine if brand awareness affects consumer behaviour.
3. to determine the source of product awareness
5.Research methodology:
Cadbury India has had great success with its marketing and advertising campaigns. The
most crucial element is that customers are aware of the goods and that the business has
made a favourable impression on them. Even when the corporation adjusted the amount
and price of the goods, consumers are still eager to buy it. This shows that the business
has raised the bar for itself well above that of its rivals.
A. Descriptive research is one type of research that can be conducted.
Descriptive research is the kind we employed for this investigation. The team
developed a few questions that are organised to look at Cadbury's brand recognition
and marketing tactics. The business has promoted its goods in a number of ways. We
looked at four categories—children, adolescents, adults, and seniors—and examined
how much chocolate was consumed in each of them. On the basis of chocolate
consumption, estimates of the proportions of these four groups are analysed. We have
further analysed and drawn conclusions about their attitudes about chocolate intake.
B. Technique Used to Collect Data
REFERENCES