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STUDY OF MARKETING
MIX & CONSUMER
SATISFACTION
BY
MANASVI CHAWDA
3RD YEAR
MARKETING
ROLL No.:031-153-
00009
Table of Content
I NTRODUCTION TO M ARKETING -M IX 6
T HE F OUR E LEMENTS OF M ARKETING - MIX
P RODUCT
P RICE
P LA CE ( DISTRIBUTION )
LABELING
TYPES OF LABELLER 66
ESTEEMED C USTOMERS 70
P ROSPECTIVE CUSTOMERS 70
LIST OF MAJOR COMPETITORS 70
M ARKETING MIX OF FRESHMA RX 71
C ONSUMER S ATISFA CTION 77
CONSUMER SURVEY 78
OBJECTIVE 79
The firm can change its price, sales force size, and advertising
expenditures in the short run. It can develop new products and modify its
distribution channels only in the long run. Thus the firm typically makes
fewer period-to-period marketing –mix changes in the short run than the
number of marketing-mix decision variables might suggest.
Four Ps Four Cs
Product Customer Solution
Price Customer Cost
Place (distribution) Convenience
Promotion Communication
Winning companies will be those that can meet customer needs
economically and conveniently and with effective communication
Product
“The only way you can succeed in a business is within a good product. You
can’t do it with advertising. It all gets down to the fact that if you have a
good product, you can be successful with reasonable marketing expenditure,
•Product Mix
A product mix is the most powerful instrument in the hands of the
marketing manager. It refers to the activities relating to the product, service
or idea to be offered. It involves planning, developing, and producing the
right type of products or services to be marketed by the firm. Product
strategy includes decisions about quality, size, design, branding, trademarks,
warranties, guaranties, product life cycle, new development etc.
Price
In a narrow sense the price is the sum that the customer pays in
exchange for the product, or to get a service performed. There is no product
without a price and there is no price without a product. The price is an
integral part of product. Price may be high from the cost stand point of view
and low from demand point of view. Fair price reflects the perceived value of
the product in question.
a) Cost of production
b) Middleman’s margin
c) Cost of distribution
d) Selling expenses
e) Price of competing brands
f) Price elasticity of demand
g) Government regulations
He also has to decide whether he will follow a single or differential
pricing policy, policies regarding credit and discount.
Place (distribution)
Promotion
• Promotion mix
Promotion–mix is made up of the specific group of marketing activities
which are concerned with the communications aspects with existing or
potential consumers and relevant publics. It involves the following activities:
Definition of Hazard
A physical, chemical, or biological agent in or condition of food,
with the potential to cause adverse health effect is called a hazard.
Introduction to HACCP
HACCP Users:
All businesses involved in the food supply chain from producers to retailers
can use HACCP. Enterprises include, but are not restricted to, those linked
with:
• F RUITS &
V EGETABLES
• D AIRY P RODUCTS
• M EAT & M EAT
P RODUCTS
• F ISH & F ISHERY
A Brief • P RODUCTS S PICES &
on • C ONDIMENTS
HACCP • N UTS & N UT
P RODUCTS
• C EREALS
• B AKERY &
• C ONFECTIONARY
• R ESTAURANTS
• H OTELS
The Leader in
• Automated
F AST F OODData Coding Page 20
O PERATIONS ETC .
(Hazard Analysis and Critical Control
Point)
“Delivering safe food to the dinner table is the culmination of the work of
many people. Producers, shippers, processors, distributors, handlers, and
numerous others perform actions every day that may affect the safety of our
food. Everyone's challenge is to perform these individual actions as well as
possible, so that the food Americans eat is free from physical hazards and
dangerous levels of pathogenic microorganisms and hazardous chemicals.”
While every player in the flow of food from farm to table has some
degree of responsibility for food safety, you are usually the last line of
defense before food reaches the consumer. Because of this, you have a
significant share of the responsibility for ensuring safe food. By voluntarily
developing a food safety management system, you can better ensure that the
foods served or sold in your establishment are safe.
Regulatory food inspection programs provide you with feedback on
how well you are controlling certain conditions in your establishment that
can lead to food borne illness. Although your inspector can offer suggestions
Food Marketing
Manufacturers that have invested a great deal of money in brands may have
developed a certain level of consumer brand loyalty—that is, a tendency for
consumers to continue to buy a preferred brand even when an attractive offer is
made by competitors. For loyalty to be present, it is not enough to merely observe
that the consumer buys the same brand consistently. The consumer, to be brand
loyal, must be able to actively resist promotional efforts by competitors. A brand
loyal consumer will continue to buy the preferred brand even if a competing
product is improved, offers a price promotion or premium, or receives preferred
display space. Some consumers how multi-brand loyalty. Here, a consumer
switches between a few preferred brands. The consumer may either alternate for
variety or may, as a rule of thumb, buy whichever one of the preferred brands are
on sale. This consumer, however, would not switch to other brands on sale. Brand
loyalty is, of course, a matter of degree.
Marketers often refer to the “Four Ps,” or the marketing portfolio, as a way to
describe resources available to market a product:
Product
Firms can invest in the product by using high quality ingredients or doing
extensive research and development to improve it. Both McDonald’s and
Burger King, for example, literally spend millions of dollars to perfect their
French fries! In today’s Western markets with varying tastes and
Price.
Different strategies may be taken with respect to price. Generically, there
are two ways to make a profit—sell a lot and make a small margin on each
unit or make a large margin on each unit and settle for lesser volumes.
Firms in most markets are better off if the market is balanced—where some
firms compete on price and others on other features (such as different taste
preferences for different segments). The same idea applies at the retail level
where some retailers compete on price (e.g., Food-4-Less and Wal-Mart)
while others (such as Vons Pavillion) compete on service while charging
higher prices
Distribution (PLACE)
Most supermarkets are offered more products than they have space for.
Thus, many manufacturers will find it difficult to get their products into
retail stores.
Promotion
It involves the different tools that firms have to get consumers to buy more
of their products, possibly at higher prices. Advertising is what we think of
Company’s focus is on working with customers and adding value for them in
everything : help build their brands, manage their data and distribute their
merchandise throughout the supply chain
Monarch® brand name has long stood for quality, reliability and dependability. All
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These high-speed labeling systems by Paxar provide a cost-effective solution for
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Mobilize your sales associates so they are on the sales floor ready to satisfy the
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Products
AN OVERVIEW OF RACHNA
ENTERPRICES
Rachna Overseas Pvt. Ltd. was incorporated as a privately held Indian Company
on 23rd June, 1988.
The Company has been promoted by Mr. Prem Khanna, joining hands with Mr.
A.S. Shekhawat, both of whom have been closely associated with the introduction
and growth of the Bar Code Systems and Identification & Pricing Solutions
industry in India, since it's inception in the early Eighties.
SERVICES
Presale
Sale
On sale, we ensure that you get the materials when you require them and not
at our convenience. This is made possible by regular inventory analysis and
keeping of stocks at all our locations.
After Sales
Our relationship with our customers continues long after the sale is over.
We offer Annual Maintenance Contracts, up-grades for software products,
Buy Backs for equipment on completion of product life and help in re-
programming Portable Data Terminals.
Food safety is a critical issue facing all segments of the food service industry;
consumers will frequent those places they trust to provide the freshest meat, deli
or prepared foods.
FreshMarx is designed based on the principals of HACCP. FreshMarx offers a
date coding solution to help ensure that customers will always receive the freshest
products.
FreshMarx is the innovator and source for the best products today and the
best new product ideas for tomorrow. FreshMarx is the easy, convenient and cost-
effective alternative in food date-coding!
FreshMarx is a supplier of food rotation labels, labeling machines and
information designed to help maintain an organized and reliable date marking
system for food products. FreshMarx presents innovative solutions to ensure
consumer confidence.
Environmental health officers recommend FreshMarx labels. Makeshift
food-rotation systems using markers, pens, or pencils and tape don't cut it.
Inspectors like to see preprinted labels.
The idea for a food safety study within the restaurant population was
brought to light by Joan Giampaoli, M.S., R.D. The study's query began with the
intent to bridge the gap between those restaurant operators who know about food
safety yet do not practice it and those who not only know food safety principles,
but actually put them to use. It was brought to our attention that eliciting truthful
responses to actual restaurant practices would be extremely difficult.
Unlabelled food
Some foods do not have to carry a date mark. These foods are normally bought for
use within a very short period of time and it is clear when the quality is
deteriorating. This applies to fresh fruit, vegetables and some
cakes. Again food which is not pre-packed is unlikely to carry a date mark i.e.
meat from a butchers. Others include alcoholic drinks, sugar, salt and vinegar,
which lasts for such a long time that a date mark is not
necessary.
The dates marked on food labels are an important safeguard against food which
may be unfit to eat -or just unpleasant. By reading date codes and knowing what
they mean you will be able to use food safely and eat it at its best.
• USE BY
• BEST BEFORE
• SELL BY
• DISPLAY UNTIL
They each have different meanings and this leaflet aims to clarify them.
BEST BEFORE
The best before date will only be applicable if the food I stored according to
the instructions on the label such as “store in a cool and dry place” or “keep
in fridge once opened”
Best Before end Month and Year( Best Before November 2008)
Less perishable items, such as frozen food, cakes, cereals and canned food carry a
'best before' date. This code indicates when food is in its best condition. It is not an
offence to sell food beyond its 'best before' date. However, it is against the law to
sell food that has deteriorated to the extent that it has become unfit to eat, and this
can occur with products that have gone beyond their 'best before' date.
The ‘Use By’ date is a clear instruction that food must be used by that date. This
date coding applies to highly perishable foods which could become a food safety
risk over short time periods. Consuming food after this date could put you and your
family at risk from food poisoning.
The Use By date will be indicated as one of the following:
• The day and month(e.g. use by 5 March)
• The day, month and year(e.g. use by 5 March 2005)
The following are examples:
• Cooked Meat
• Pre-packed Sandwiches
• Milk
• Chilled ready prepared meals
It is illegal to sell food at anytime after its ‘Use By’ date or to alter the
date unless the m a n u f a c t u r e r permission has been given
Both ‘Sell By’ and ‘Display Until’ dates are for retailer’s information
only. They are used by some shops to help staff know when they need
Except for "use-by" dates, product dates don't always refer to home
storage and use after purchase. "Use-by" dates usually refer to best quality
and are not safety dates. But even if the date expires during home storage, a
product should be safe, wholesome and of good quality — if handled
properly and kept at 40° F or below. See the accompanying refrigerator
charts for storage times of dated products. If product has a "use-by" date,
follow that date. If product has a "sell-by" date or no date, cook or freeze the
product by the times on the chart.
If foods are mishandled, however, food borne bacteria can grow and
cause food borne illness -- before or after the date on the package. For
example, if hot dogs are taken to a picnic and left out several hours, they
wouldn't be safe if used thereafter, even if the date hasn't expired.
CROSS CONTAMINATED ; OR
If a food is mishandled, it can become unsafe before a date listed on the package.
Mishandling examples include:
A VOIDING P ROBLEMS
Here's a five-step plan for avoiding problems with outdated foods in the future.
Fresh Marx is the innovator and source for the best products today and the best
new product ideas for tomorrow. The following are the characteristics of
FreshMarx
It reduces wastage.
Operator Training
Safe food is food that will not cause harm to the consumer
when it is prepared, stored and/or eaten according to its
intended use.
Hazards include
Biological agents
• Bacteria and their toxins
• Parasites
• Viruses
Biological Hazards
• Bandages
• Jewelry
• Stones
• Glass
• Bone and metal fragments
• Packaging materials
Physical Hazards
• Cleaning compounds
• Food additives
• Insecticides
Chemical Hazard
Unlike many food processing operations, the retail and food service
industries are not easily defined by specific commodities or conditions.
These establishments share the following characteristics:
DAIRY INDUSTRY
In this segment Fresh Marx plays a very vital role as it is important to sell the
products as fresh as possible & it helps to differentiate between the products being
put in display on the day it is produced.
Prints up to 8 characters
Lightning fast can mark an 18
items case in five seconds.
Increased accuracy, fewer errors
with easy dial in.
Label anything, anywhere
Simple operation just Click &
Stick
Lightweight portability
Small, efficient space-saving
labels.
Prints up to 20 characters in 2
lines of 10 digits each.
Flexible marking with 20-
positions print capacity.
Easy-to-read labels for important
codes & dates.
Lower repair cost with Monarch
legendary toughness.
Handy application with easy-
squeeze trigger.
Portable, carry it anywhere.
Specialized Labelers
Monarch 1152
Monarch 1159
Applicator
Easy loader range
Pre-print Label applicator
Label size 31mm x 25mm
Merchandising tool for in-store
Sequential Labeller
These labellers have specially been
developed for the textile industry.
Monarch brand tag attachers require just one squeeze to secure a tag to your
product. Along with a wide selection of attacher tags, you'll find plastic
fasteners including tagger tails, loops and J-hooks to meet all your tagattaching
needs.
Customer deserves the very freshest foods handled in the safest manner -
FreshMarx is the way to help ensure the safety of food.
TYPES OF LABELLER
TAJ RESIDENCY
TAJ EXOTICA
GATEWAY OF TAJ RESIDENCY
GRAND ASHOKA
PIZZA CORNER
U S PIZZA
HYATT GROUP OF HOTELS
Prospective customers
G RAND HOTELS
HOTEL GOLDENPARK
ITC SONAR BANGLA
PARK HOTELS
Price
The following strategy is used to price the product.
The label comes from Every Davinson in roles to gurgoan. The roles are converted
to labels of different specification according to the need of the customers. The
might want the name of the company and any other specification that they
mention. The cutting and shaping is done in Gurgoan. Gurgoan to pay the import
price plus the custom duty. They are then transferred to the regional centers at a
transfer pricing. At the end of the year the have to provide an F-Form to show what
transaction has taken place.
Pl ace (distribution)
TIER DISTRIBUTION
We understand that each reseller has his own strength in certain areas. Some may
have very good reference clientele base in retail segments, while other may have a
good network built up for low-end hand held product distribution. Moreover, every
reseller may have different resource commitment to promote our products. We
wish to develop a closer relationship with those companies who wish to invest in
market and commit to further expand our Business. We will try to protect the
Business Partner
Value Added reseller
Customer Finder
Direct Sale to end user/special projects
CRITERIA
BUSINESS PARTNER
No Support
3% Customer Finding fees after receipt of full payment
Promotion
Consumer Satisfaction
Knowing who your customers are, and what, why, when and where they
consume your product/service is an essential task for every marketer. Obtaining
consumer intelligence can help companies better understand and anticipate
consumers’ behavior, and thus formulate the most effective marketing mix.
Formulating the right marketing mix mandates that one must constantly monitor
consumers’ perceptions, preferences, purchases and satisfaction.
A widely quoted saying that linked customer levels of satisfaction with customer
behavior identified several types of customers who are either
Apostles who’s experiences exceed their expectations and who provide very
positive word of mouth about t the company to others
Defectors who feel neutral of merely satisfied and are likely to stop doing
business with the company;
Consumer Terrorist who have negative experiences with the company and
who spread negative word of mouth ;
Hostages who are unhappy customers who stay with the company because
of the monopolistic competition or low prices or who are difficult and costly
to deal with because of their frequent complaints ;
Mercenaries who are very satisfied but have no real loyalty to the company
and may defect because of a lower price elsewhere or on impulse, defying
the satisfaction-loyalty rationale.
The researchers propose that the company should strive to create apostles, raise
the satisfaction of defectors and turn the into loyalists , avoid having terrorist or
hostages , and reduce the numbe vof mercenaries.
Get answers to some of the very important questions that you need access to:
CHECKLIST
CONSUMER SURVEY
Marketing mix has always contributed greatly to consumer satisfaction. The four
elements of marketing mix adds to consumer satisfaction or dissatisfaction. In
order to see how marketing mix influences consumer satisfaction a survey was
conducted.
The respondents all belonged to food industry(Hotels)
Research Methodology
Questionnaire was made after reviewing various articles on food freshness, food
safety and food date coding system from various journals and industry experts, and
food and health websites and articles.
Survey was done by telephonic interview and personal interview and mails a large
part of the questionnaire was send through mails to Bangalore where the product is
widely used in reputed hotels.
64% said no
SATISFACTION LEVEL
68% FRESHMARX
32%OTHERS
29% yes
30%no
32%red
10%green
5%green
3%orange
22% NORMAL
65%NO
28%OTHER
5%BOTh
20%said ok
7% said bad
12% said no
CONCLUSION
XL PRO does the date-coding work of seven different labels all with one
labeling system," said Richard Masartis, senior director for FreshMarx.
"There is no longer a need for our customers to stock seven separate
day-of-the-week labels and multiple labelers in order to clearly mark
prep-and-discard information. These labels clearly indicate prep date and
time, employee initials and discard date and time, as well as a color-
coded discard day of the week, all with one label supply formulated with
adhesive appropriate for the application."
a) Yes b) no
10. Did you face any problems with the product during
installation/operation?
a) Yes b) no
11. Are you satisfied with the after sales service etc offered by
the company?
a) Yes b) no
a) Yes b) no
.