Preview

Pran Milk Candy

Powerful Essays
Open Document
Open Document
1510 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Pran Milk Candy
Term paper

On

Consumer Behavior

Toward

[pic]

Prepared For

Md. Farhan Faruqui

Senior Lecturer, Department of Business Administration

Prepared by

|Name |ID |
|Mir Saif Newaz |2008-2-10-234 |
|Md. Sarwaruzzaman |2009-1-10-019 |
|Md. Rashedul Islam |2009-1-10-132 |
|Shamma Rahman |2009-2-13-038 |

[pic]

Table of Contents:

Executive Summary……………………………………………………………….…..3

Introduction…………………………………………………..……………………4 Origin…………………………………………..………………..…………….4 Objective……………………………………………………………….……...4 Scope……………………………………………………….……………….…4 Limitation……………………………………..………………….……………5 Methodology ………………………………………….………………....……5
Overview of Company and Product……………………………………………….6
Company Profile……………………………………….………………………6
Product Profile………………………………………...………………………6
Analysis of Consumer Behavior………………….……………………………….7 Market Segmentation, Target Market and Strategy…………………………..7 Learning……………………...……………………………………………….18 Memory………………………………………………………………………..21 Attitude………………………………………………………………………..25
Recommendation and Conclusion………………………………………………….35

Executive Summary

Understanding consumer behavior is pre requisite for any successful marketer. When it comes to the market like chocolate industries organization must be vigilant to changes and transform as

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Chocoberry Ideation

    • 672 Words
    • 3 Pages

    In this case, both teams know that the target group is adults who wish to indulge in chocolate, but who have been concerned with the health aspects. Manufacturing must be present since there was a concern that…

    • 672 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Mars Bar Measurement in Bcb

    • 2310 Words
    • 10 Pages

    This report examines Mars bar chocolate Brand Performance; Awareness and Salience; and Demographics and Segmentation.…

    • 2310 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Case 9 Rogers Chocolates

    • 3277 Words
    • 8 Pages

    In this paper, the team analyses the case of Rogers’ Chocolates to introduce the company,…

    • 3277 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Cowgril Chocolate

    • 266 Words
    • 2 Pages

    In which product - market do you think this “hot and spicy truffles” brand should compete —the hot and spicy food market, the chocolate candy market, the gift market, or other? Decide which market you believe will be the best market. How should the company segment the chosen market? Behavior? Psychographics (lifestyle)? Geographics? Demographics? Benefits sought? Combination? Explain.…

    • 266 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The following marketing plan forms the basis for achieving Haigh’s company vision of becoming a successful top quality chocolate confectionary provider. The recommendations based on the analysis contained in this report allows us to outline the best strategies to follow for the achievement of the company’s strategic goals. The confectionary industry in Australia is dominated by few large players with fiercely high competition. Whilst the target market Haighs plays – targeting consumers seeking high quality premium chocolate, Haighs is one of very few providers, but the quality of chocolate provided for substitutable brands are also reasonably high. Haighs would need to ensure differentiation in their product quality; brand image, brand loyalty and brand awareness to be competitive within the market place.…

    • 11608 Words
    • 47 Pages
    Powerful Essays
  • Good Essays

    Snapple was created in 1972 by three friends, Leonard Marsh, Hyman Golden, and Arnold Greenburg. They started out as a small business called Unadulterated Food Products, Inc. selling all natural juices with unique flavor combinations. The company started selling carbonated apple juice in which they called “Snapple”. One one flavor that went viral and sold successfully well was Lemon Iced Tea. Snapple’s Lemon Iced Tea flavor caused a Unadulterated Food Products, Inc to increase by 60% producing a cash amount of about $13.3 million. Soon after Snapple became the market leader in selling juice within the region of New York. Snapple then introduced flavors such as mint,…

    • 1004 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Cowgirl Chocolates

    • 1488 Words
    • 6 Pages

    The primary problem of Cowgirl Chocolates is that the company has not established a target market for its product and identified its customers. The company specializes in the niche product of hot and spicy gourmet chocolate. According to the company owner, only about 15% of Americans are consuming hot and spicy foods and men are usually more receptive to her hot and spicy chocolate. Additional demographics are missing. Her product development was based on the input of her friends and family, which represents a skewed and too small sample of the population.…

    • 1488 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    dream chocolate company

    • 2345 Words
    • 7 Pages

    Dream Chocolate (D.C.) is a small company trying to survive in an industry with many competitors. The competitive environment comes from some factors. Firstly, D.C. bars are sold in specialty markets, fine gift stores and also available online. However, the competitive companies can also provide various chocolate bars for customers with the low price on the Internet. Secondly, comparing to the big chocolate company like Mars, D.C. is a small company that has the lower brand reputation. Therefore, there may be not many people would trust their products.…

    • 2345 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Pest

    • 1347 Words
    • 4 Pages

    | * Offer customers the opportunity (for a small fee) to become Tasting Club Members * Providing original tasting chocolate and keeping up with customer trends…

    • 1347 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Pillsbury

    • 527 Words
    • 3 Pages

    Ivan Gullen, the Marketing manager for Pillsbury’s Refrigerated Baked Goods (RGB) needs to plan a marketing strategy for the upcoming fiscal year. RGB was the fourth largest category in the General Mills Canada portfolio and its performance has been stagnant with flat growth rates over the last few years. Refrigerated Cookies comprise of 62% of RGB’s unit sales and contribute majorly towards profits in this category. Gullen with the help of Lou Pasto, General Mills Consumer Insight Manager, has undertaken the usage and attitude study to understand the target market of refrigerated cookie users in Canada. Both Gullen and Pasto feel that understanding the local consumers will help them plan an effective marketing strategy for Refrigerated Cookies. Furthermore, to get more insight they have also conducted a qualitative research using In Home and Discovery workshop. The attitude & usage study as well as the qualitative research methods have contributed a great deal in understanding the consumers of RGB products. However, the current undertaken research is not enough to plan an effective marketing mix for the next fiscal year, which can promise both better sales and higher market penetration. The qualitative research undertaken by TerraNova market strategies Inc. has helped us understand the emotional appeal and hedonic reasons associated with baking cookies. It unveiled the fact that consumers are looking for easy, quick, practical and affordable products, the research also highlighted that consumers had a healthy image of the Pillsbury brand and the nutritional value was satisfactory. However, planning a marketing strategy based on these results would be unreasonable. The methods used to collect the above data were not the best ones. For example: the in home emersion study provides an understanding of how consumers deal with the product once they have purchased it and does not give sufficient data around what…

    • 527 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Rogers Chocolate

    • 2731 Words
    • 11 Pages

    In Canada, premium chocolates were growing at 20 percent annually and the Canadian market size for Chocolates was US$ 167 million in 2006. An attractive growth from premium chocolates makes the current player like Rogers Chocolates, Purdys and others are thinking new strategies to expand market. In addition, some big traditional manufacturers like Hersheys and Cadbury are also very interested and keen to enter this segment (Zietsma 2007).…

    • 2731 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    After graduating from the University of Missouri in 1944, Sam Walton began his career in retail with a chain of stores owned by the Butler Brothers. Just after three years, Walton increased the annual sales from $80,000 to $225,000. It was only a short time later he had to relocate due to the landlord not renewing the store lease. On May 9, 1950, Walton purchased a store in Bentonville, Arkansas, where he opened his first Walton’s 5 & 10. This would later become the headquarters for the largest corporation in the world. It wasn’t until the mid 1960s that Walton changed the name of his chain of stores to Wal-Mart. It was his assistant, Bob Bogle at the time, that had came up with the name.…

    • 5249 Words
    • 21 Pages
    Powerful Essays
  • Satisfactory Essays

    (1) Although the research tell us the 70% cocoa dark chocolate with fruit with healthy messaging and new stand-up pouch concept would be most attractive to the customers, and also built a sales forecast with it. But the company still do not know the real market reactions. So it should be better do a marketing test.…

    • 666 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Dove Cholocate

    • 8239 Words
    • 24 Pages

    Chocolate is one of America’s favorite treats, and companies like Hershey’s, Ghirardelli and Dove, have captured consumers minds, body and emotions with delicious tasting chocolates for more than 100 years. After examining three brands in Dove’s competitive set- Hershey’s, Ghirardelli and Unilever Dove- it became obvious that the Dove Chocolate brand has an unfavorable brand association with Unilever Dove soap and does not resonate as well in consumers’ minds next to competitors within the chocolate industry. For Dove to compete with Hershey and Ghirardelli, as well as Unilever, the brand must increase awareness by differentiating itself from the variety of chocolate brands, further emphasizing brand personality through “indulgences,” and defining Dove’s brand identity among confused consumers. By devoting branding recourses in these key areas, Dove Chocolate will build recognition, market share, and brand equity, and re-establish itself in the chocolate industry lessening its association with Unilever.…

    • 8239 Words
    • 24 Pages
    Good Essays
  • Good Essays

    8. When return Submit or deposit into bank after adjusting the input VAT & Out put VAT…

    • 1650 Words
    • 7 Pages
    Good Essays