Final Projme
Final Projme
Submitted By
NIJURAJ R
Register Number
GNAUBCM023
DEPARTMENT OF COMMERCE
KOZHINJAMPARA-678554
MARCH 2023
CERTIFICATE
This is to certify that the project report entitled “A STUDY ON
CUSTOMER SATISFACTION TOWARDS HIMALAYA
PRODUCTS” submitted by NIJURAJ R (REG. NO. GNAUBCM023)
B.COM VI semester student of Govt. Arts and Science College
Kozhinjampara in partial fulfilment of the requirement for the award of
the Degree of Bachelor of Commerce under the University of Calicut
during 2022-23 and was carried out under my guidance and supervision.
CERTIFICATE
Place: Signature
Date: NIJURAJ R
(GNAUBCM023)
ACKNOWLEDGEMENT
I take this opportunity first and foremost to thank God Almighty, without
whose blessings and guidance this work would not have been completed.
Place:
Date: NIJURAJ R
TABLES OF CONTENTS
LIST OF FIGURES
BIBLIOGRAPHY
ANNEXURE
LIST OF TABLES
1.1 Introduction
1
Customer satisfaction is a term frequently used in marketing. It is a
measure of how products and services supplied by a company meet
customer expectation.
Customer satisfaction is defined as “the number of customers, or
percentages of total customers, whose reported experience with the firm,
its services exceed specified satisfaction goals”. It is seen as a key
performance indicator with in business complete for customers, customer
satisfaction is seen as a key differentiator and increasingly has become a
key element of business strategy. Under this I am studied about customer
satisfaction towards Himalaya product with references to Palakkad.
2
1.5 Research design
3
1.8 Limitations of the study
4
CHAPTER 2
REVIEW OF LITERATURE
5
It is worth nothing that consumer buying behaviour is studied as a part of the
marketing and its main objective it to learn the way how the individuals, groups
or organizations choose, buy use and dispose the goods and the factors such as
their previous experience, taste, price and branding on which the consumers
base their purchasing decisions (Kotler and Keller, 2012).
Have greater brand experience form the purchase of ‘premium’ products when
compared to their experience from purchasing ‘cheap’ brand products.
Lee (2005) carried out study to learn the five stages of consumer decision
making process in eh example of China. The researcher focused on the facts
6
that affect the consumer decision making process on purchasing imported
health food products, in particular employed questionnaire method in order to
reach the objectives of the research. Analysis of five stages of consumer
decision making process indicate that impact of family members on the
consumer decision making process of purchasing imported health food
products was significant.
Five Stages Model of consumer decision making process has also been studied
by a number of other researchers. Although different researchers offer various
tendencies towards the definitions of five stages, all of them have common
views as they describe the stages in similar ways. One of the common models
of consumer decision making process has been offered by Blackwell et al
(2006). According to him, the five stages of consumer decision making process
are followings: problem/need recognition, information search, evaluation of
alternatives, purchase decision made and post- purchase evaluation.
of idea of purchasing.
7
Once the relevant information about the product is obtained the next stage
involves analysing the alternatives. Kotler and Keller consider this stage as
one of the important stages as the consumer considers all the types and
alternatives taking into account the factors such as size, quality and also price.
8
CHAPTER 3
THEORITICAL FRAMEWORK
Company profile
Himalayan company
9
The Himalaya Company is a company established by M Manal in 1930 and
based in Bangalore, India. It produces health care products under the name
Himalaya Herbal Healthcare whose products include ayurvedic ingredients. It is
spread across locations in India, the United States, the Middle East, Asia and
Europe., while its products are sold in 92 countries across the world.
The company has more than 290 researchers that utilize ayurvedic herbs and
minerals. A Hepatic drug, named Liv. 52, is its flagship product, first introduced
in 1955. Liv.52 to date has now over 215 clinical trials backing it.
Himalaya Herbal Healthcare has a very wide range of products. which include
"pharmaceuticals personal care, baby care, well-being, nutrition and animal
health products." The Neem Face Wash is one of their most popular and well-
known products. Mothercare products have been launched in 2016 with foray
into extensive research and development in systems of ancient Ayurveda
medicines of India. The company has a presence in 92 countries.
10
A conceptual frame work is an analytical tool with several variations and
contexts. It can be applied in different categories of work where an overall
picture is needed. It can be used to make conceptual distinction and organize
ideas. Strong conceptual framework captures something real and do this in a
way that is easy to remember and apply.
3.1.1 Introduction
Theories are formulated to explain, predict and understand phenomena and in
many cases to challenge and extend existing knowledge with the limits of
critical bonding assumptions. The theoretical framework is the structure that can
hold or support a theory of a research study. The theoretical framework
introduces and describe the theory that explains why the research problem under
study exist. A theoretical framework consists of concepts and together with their
definitions and reference to relevant scholarly literature, existing theory can be
used for your particular study. The theoretical framework must demonstrate an
understanding of theories and concepts that are relevant to the topic of your
research paper and that relate to the border areas of knowledge being
considered.
3.1.2 Customer
A customer is a person that receives, consumes or buy a product or service and
can choose between different goods and services. The main role of enterprises is
to attract customers or client and make them purchase what they have on sale.
They also encourage them to keep coming back. We often refer to customers
who have a relationship with the suppliers and clients
The 7 steps approach for attracting new customers.
• Identify the ideal client.
• Discover where your customer live.
• Know your business inside and outside.
• Position yourself as the answer.
• Try direct response marketing.
• Build partnership.
• Follow – up.
11
3.1.3 Types of customers
There are mainly 4 types of customers The toughest challenge that companies
face today is dealing with the margin – draining games played by some
customers to gain additional discounts. Each customer type requires a different
selling approach.
The four primary customers type are:
1. Price buyers: These customers want to buy products and services only at
the lowest possible price. They are less concerned about value, differentiation or
relationship
2. Relationship buyer: These customers want to trust and have dependable
relationship with their supplier to take good care of them.
3. Value buyer: These customers understand the value and want suppliers
to be able to provide the most value in their relations.
4. Poker player buyers: These are relationship or value buyers who have
learned that they act like a price buyer, they can get high value for low prices.
3.1.4 Needs of customers
There are four main customer needs that an entrepreneur or small business must
consider. These are price, quality, choice and convenience
Price
Price is how much a business charges for its service. Customer want fair prices
when purchasing a product or service. Usually, low prices will draw in many
customers, although people ultimately want value for money
Quality
Quality relates to the standard of the product or services being offered.
Customers also expect some level of quality, no matter how much they pay for
product or services. Generally, those paying a low price will expect lower
quality and those paying higher price expect higher quality.
Choice
Choice is very importing any – many businesses have range of product or
services available to suit different group of customers. Customers have different
needs and desires when buying items. They might want different size, styles or
even completely different product altogether.
12
Convenience
Customers and consumers want convenience are often willing to pay more of it.
Convenience relates to something being easier, quicker or generally less hassle
for customers.
3.1.5 Customer satisfaction
Customer satisfaction can be defined as a marketing term that measure how
products or services supplied by a company meet or surpass a customer’s
expectation. According to J. Willard MARRIOTT, the founder of Marriott
corporation.
“Customer needs may vary, but their bias quality never does”.
Customer satisfaction can be used as a metric to manage and improve the
business and hence it is important for the marketers and business. It can be also
defined as “The number of customer or percentage of total customer, whose
reported experience with a firm, it’s products, or it’s service exceeds specified
satisfaction goals”
The top reasons which make customer satisfaction much important can be
explained follow
• It’s a leading indicator of consumer purchase intentions and loyalty.
• It’s a point of differentiation.
• It increases customer lifetime value.
• It reduces negative word of mouth.
• It’s cheaper to retain customer than acquire new one.
13
The main limitation of customer satisfaction
14
2. Indirect method: The major drawback of direct method is that it turns out to
be very costly to implement. For getting valuable feedback the supplier totally
depends up on the customer due to which they losses options and chances to
take corrective measures at correct time. Hence there are other following
indirect methods of getting feedback regarding customer satisfaction.
1. Customer complaint.
2. Customer loyalty.
15
CHAPTER 4
16
4.1 Descriptive statistical analysis
Descriptive statistics are used to describe the basic feature of the data in a study.
They provide simple summarises about the sample and the measure. Together
with sample graphics analysis, they form the basis of virtually every quantitative
analysis of data. Descriptive statistics are typically distinguished from in
different statistics.
Descriptive statistics are simply describing what is or what the data shows.
Descriptive statistics are used to present quantitative descriptions in a
manageable form. Descriptive statistics help to simply large amount of data in a
sensible way. Each descriptive statistics reduces lots of data in to similar
summary. Descriptive statistics in the term given in to analysis of data in to the
analysis of data that help to describe, shows or summarises data in a meaningful
way
Descriptive statistical tools are those tools in which these are used to describe
characteristics of a single variable like frequency percentage etc.
17
Table 4.1
Showing the classification of Gender
option count Percentage (%)
male 15 26.79
female 41 73.21
total 56 100
(Source-survey data)
In this diagram 73.21% are females and 26.79% are males.
Figure 4.1
Figure shows the classification of gender
26.79
male female
73.21
Table 4.2
18
Showing the Occupation of the respondent
option Count Percentage (%)
Private employee 5
Government employee 2
student 46
others 3
total 56 100
(Sources: survey data)
Under this diagram 8.93% responders are private employees, 3.57% are
government employees, 82.14% are students, 1.79% are business and 3.57% are
comes others category
Figure 4.2
Figure shows occupation of the respondent
3 5
2
46
19
Table 4.3
Showing the annual income of the respondents
option Count Percentage (%)
Below 50000 42 75.00
Between 50000-100000 10 17.86
Above 100000 4 7.14
total 56
(Source: survey data)
Under this diagram, 75.00% of responders which is under below 50000,
17.86% 0f between 50000 – 100000 and 7.14% of responders are above 100000
Figure 4.3
Figure shows annual income of the respondents
45
40
35
30
25
20
15
10
0
Below 50000 Between 50000 - 100000 Above 100000
20
Table 4.4
Showing the respondent ever used any products of Himalaya
option Count Percentage (%)
yes 53 94.64
no 3 5.36
total 56 100
(Source: Survey data)
According to this graph 94.64% of responders which uses Himalaya products
and 5.36% 0f peoples which is not uses Himalaya products
Figure 4.4
Figure shows the respondent ever used any product
53
yes NO
Table 4.5
Showing Which product, you buy/use in Himalaya products
Option Count Percentages (%)
21
Face wash/Cleaner 35 62.50
Shampoo 12 21.43
Moisturiser 1 1.79
Creams 6 10.71
Others 2 3.57
Total 56 100
(Source: survey data)
Under this diagram 62.50% responders’ users use face wash /cleaner,
21.43% responders use shampoo, 1.79% users use moisturises, 10.71%
responders use creams and last 3.57% responders use other products of
Himalaya.
Figure 4.5
Figure shows which product buy/use
3.57
1.79 10.71
Face wash/Cleaner
Shampoo
Moisturiser
21.43
Creams
62.5
Others
Table 4.6
Showing Have you heard about Himalaya products before you tried
the sample
22
No 2 3.57
May be 9 16.07
Total 56 100
(Data source: survey)
Under this diagram 80.36% responders are heard about Himalaya products;
3.57% responders are not heard about Himalaya products and 16.07% are may
be heard about Himalaya products.
Figure 4.6
90
80
70
60
50
40
30
20
10
0
Yes No May be
Table 4.7
Showing In general do you like Himalaya products
Yes 45 80.36
No 3 5.36
23
I don’t know much 8 14.29
about this product
Total 56 100
According to this diagram 80.36% users are heard about Himalaya products;
5.36% responders are not heard about Himalaya products and 14.29%
responders are don’t know about product.
Figure 4.7
14.29
5.36 Yes
No
80.36
Table 4.8
Showing What are the main factors you like in Himalaya products
Option Count Percentage (%)
Quality 22 39.29
Natural ingredients 18 32.14
Price 4 7.14
Brand heritage 7 12.50
Package 5 8.93
24
Total 56 100
(Source: survey data)
This diagram shows that 39.29% responders’ main factor to like Himalaya
products is quality, 32.14% is natural ingredients, 7.14% is price, 12.50% is
brand heritage and 8.93% is package.
Figure 4.8
Figure shows the main factor which effect the respondent in buying
the product
8.93
Quality
Natural ingredients
12.5
Price
Table 4.9
Showing the prescribed location to buy Himalaya products
Under this among 100% 10.71% buy from medical store, 26.79% from general
store balance 62.50% from super market.
25
Figure 4.9
Sales
Table 4.10
Showing buying/using Himalaya product in the future
26
Figure 4.10
Figure shows the respondent who buy Himalaya product in the future
10.71
Yes
No
89.29
Table 4.11
Showing the respondent recommend this product to your
friends/relatives
27
Figure 4.11
Figure shows the responder recommend this product
90
80
70
60
50
40
30
20
10
0
Yes No
Table 4.12
Yes 33 58.93
No 23 41.07
Total 56 100
Under this diagram 58.93% are deal in Himalaya and 41.07% are not
deal in Himalaya products.
28
Figure 4.12
Figure shows who deal in Himalaya product
70
60
50
40
30
20
10
0
Yes No
Table 4.13
Showing the rating of the Himalaya products quality
Good 39 69.64
Under this diagram 19.64% responder’s rates Himalaya product quality as best
in class, 69.64% as best and 10.71 as slow response.
29
Figure 4.13
Figure shows the rating of the quality of the product
41.07
Yes
No
58.93
Table 4.14
Advertisement/television 5 57.14
30
Total 56 100
From this diagram 8.93% responders are come to know about Himalaya
products from retailer, 57.14% responders are from advertisement/television,
5.36 % from newspaper and 28.57% from words of mouth
Figure 4.14
Figure shows how to know about Himalaya
60
50
40
30
20
10
0
Advertisement/television Retailer News paper Words of mouth
Table 4.15
Showing that Himalaya company offers large variety of products
Option Count Percentage (%)
Strongly agree 11 19.64
Agree 24 42.86
Neutral 20 35.71
Disagree 1 1.79
Strongly disagree 0 0.00
Total 56 100
(Source: survey data)
Figure 4.15
Figure shows Himalaya offers large variety of products
1.79 0
19.64
Strongly agree
35.71
Agree
Neutral
Disagree
Strongly disagree
42.86
Table 4.16
Showing the respondent are satisfied with Himalaya products
Yes 45 80.36
No 11 19.64
Total 56 100
(Source: survey data)
Under this diagram 80.36% responders are satisfied with Himalaya products
and 19.64% are not satisfied with Himalaya products
32
Figure 4.16
Figure shows the satisfaction of Himalaya product
No 19.64
Yes 80.36
0 10 20 30 40 50 60 70 80 90
Table4.17
Showing that Himalaya products uses natural ingredients
Option Count Percentage (%)
Disagree 3 5.36
Strongly disagree 2 3.57
Neutral 29 51.79
Agree 21 37.50
Strongly agree 1 1.79
Total 56 100
(Source: survey data)
Figure 4.17
Figure shows Himalaya uses natural ingredients
60
50
40
30
20
10
0
Strongly agree Agree Neutral Strongly disagree Disagree
Table 4.18
Showing Himalaya products are chemical free
Option Count Percentage (%)
Strongly agree 5 8.93
Agree 16 28.57
Neutral 27 48.21
Disagree 8 14.29
Strongly disagree 0 0.00
Total 56 100
(Sources: survey data)
34
According to this diagram 5.36% responders disagrees that Himalaya products
uses natural ingredients, 3.57% strongly disagree that Himalaya products uses
natural ingredients, 51.79% responders’ neutral says that Himalaya products
uses natural ingredients, 37.50% agree that Himalaya products uses natural
ingredients, 1.77% strongly agree that Himalaya products uses natural
ingredients
Figure 4.18
Figure shows that Himalaya are chemical free
8.93
14.29
Strongly agree
Agree
28.57
Neutral
Disagree
Strongly disagree
48.21
Table 4.19
showing Himalaya products have good image
Option Count Percentage
Yes 49 87.50
No 7 12.50
Total 56 100
35
Figure 4.19
Figure shows the image of Himalaya products
12.5
Yes
No
87.5
Table 4.20
Showing price level do you most buy Himalaya products
Option Count Percentage (%)
Under this among 100% 35.71 responders who buy Himalaya products at the
price range of below 100, 46.43%in the range of 100 and 200, 14.29% at 200
and
300 and balance 3.57 purchased at the price level of above 300
36
Figure 4.20
Figure shows the price level
3.57
14.29
35.71
Below 100
100 – 200
200-300
Above 300
46.43
Table 4.21
showing pricing and experience of using Himalaya.
37
No 6 3 2 1 12
Total 21 12 12 11 56
O E (O – E) (O – E)2 (O – E)2/E
Degree of freedom = (c – 1) (r – 1)
= (4 -1) (2 -1)
= (3) (1)
= (3)
Chi square tabular value = 7.815
38
If the calculated chi-square value is less than the critical value, it “fails to reject”
the null hypothesis. That is, accept the generic theory about the expected ratio is
correct.
Therefore, H0 is accepted at 5% level of significance.
Conclusion
Under these 15 responders uses Himalaya products from last 6 months, 9
responders from last 6 month to 1 year, 10 from last 1 to 3 years, 10 from
more than 3 years.
Table 4.22
Showing responders purchasing Himalaya products through online
Option Count Percentage (%)
Yes 17 30.36
No 39 69.64
Total 56 100
(Source: survey data)
Under this diagram 30.36% responders are purchased Himalaya products from
online and 69.64% responders not purchased Himalaya products from online.
Figure 4.21
39
30.36
Yes
No
69.64
Table 4.23
Showing customers are convenient on using Himalaya products
Yes 50 89.29
No 6 10.71
Total 56 100
(Source: survey data)
Under this 89.29% responders are convenient on using Himalaya products and
10.71% are not convenient on using Himalaya products.
Figure 4.22
Figure shows how much convenient of customers by using Himalaya
40
10.71
Yes
No
89.29
41
CHAPTER V
FINDINGS, SUGGESTION AND CONCLUSION
51
5.1 FINDINGS
• Under this survey most peoples are convenient on using Himalaya products.
• Most people’s buy Himalaya products under the range of between 100 –
200
53
• Out of 56, 44 responders feels that the pricing of Himalaya products are
reasonable.
• Most of users of Himalaya products are tried online purchase.
• Most users buy Himalaya products from super markets than general store and
medical store
5.2 Suggestions
53
5.3 Conclusion
In this study it is found that Himalaya was the first mover among the
other hands available in the market. Majority of the customers are
satisfied with the product. The weakness of the Himalaya products is high
cost and less quantity. The main competitors for them are Indhulekha,
Amway, Lakhme, Garnier, Hence, it is concluded that retaining of
customers is a real challenging to manufactures.
53
BIBLIOGRAPHY
61
Websites
www.wikipedia.com
www.govt.com
www.slideshare.net
www.managejournak.com
www.ijims.com
www.worldwidejournals.com
www.eprajournals.com
Journals
1. Dr. G.Venkatesh (2005) “Consumer Attitude
Towards
Amway”, Intercontinenal journal of marketing Volume 3, issue 11,
November 2015 page 13
61
ANNEXURE
61
A STUDY ON CUSTOMER SATISFACTION ON HIMALAYA
PRODUCTS WITH REFERENCE TO PALAKKAD
▪ Yes
▪ No
6 Have you heard about Himalaya products before you tried the
sample
▪ Yes
▪ No
▪ May be
▪ Yes
▪ No
▪ I don’t know much about this product
8 In general, what are the main factors you like Himalaya products?
▪ Quality
▪ Natural ingredients
▪ Price
▪ Brand Heritage
61
9 Which is your preferred location to buy Himalaya products?
▪ Medical store
▪ General store
▪ Super market
▪ Yes
▪ No
▪ Yes
▪ No
▪ Yes
▪ No
▪ Best in class
▪ Good
▪ Slow response
14 Since how much long have you been using Himalaya products?
▪ Last 6 months
▪ Last 6 months – 1year
▪ From 1-3 year
▪ For more than 3 years
▪ Retailer
▪ Advertisement/ television
▪ News paper
▪ Word of mouth
61
16 Do you agree Himalaya drug company offers large variety of
products?
▪ Strongly agree
▪ Agree
▪ Neutral
▪ Disagree
▪ Strongly disagree
▪ Yes
▪ No
▪ Strongly agree
▪ Agree
▪ Neutral
▪ Disagree
▪ Strongly disagree
▪ Strongly agree
▪ Agree
▪ Disagree
▪ Strongly disagree
▪ Yes
▪ No
▪ Below 100
▪ 100 – 200
61
▪ 200 – 300
▪ Above 300
▪ Yes
▪ No
▪ Yes
▪ No
▪ Yes
▪ No
61