Amway Product Buyer Preferences in Puri
Amway Product Buyer Preferences in Puri
ADITYA SUBHADARSHAN
[Link]
MBA (MARKETING & FINANCE)
In partial fulfilment of the requirements for the award of the degree of
MASTER OF BUSINESS ADMINISTRATION
2022 - 2024
PLACE : Puri
Aditya Subhadarshan
Regd no: - 2206299002
PREFACE
Lastly I want to thank the people who had supported me in the whole process
and my special thanks to my internal as well as External Guide, friends for
their kind support and motivation which helped me to complete my research.
ABSTRACT
Customers are the prime focus of any organization. The most important asset that any
firm, can have is customers. An organization greatly depends on how many
customers it has (customer base) how they buy and how often they buy. Satisfied
customers usually buy more and buy frequently. Loyal customers also act best
promotional source to new customers. They tend to bring in more and more new
customers through word of mouth communication. It improves the market position of
the firm and also the profits. This paper deals with the buyers’ preference of Amway
products in Puri District.
COMPANY PROFILE
Directors of Amway private limited are Vinay Kumar Narayan, Rajeev Das
Gupta Anil Kumar Nayak and
Amway Lingaraj units Private Limited’s Corporate Identification Number is
(CIN) U74120DL1995PTC071405 and its registration/GSTIN number is
21AAACA5603Q1ZU . Its Email address is anil_mrc@[Link] and
rahul.sharma1@[Link] and its registered address is Plot No: 813P
Jayadev Vihar, Mayfair Road, Jaydev Vihar, Bhubaneswar Odisha 751013.
[Link] CONTENT PAGE NO
1 CHAPTER-1 :- INTRODUCTION 8
Retail industry 8
Retail mix 10
Types of consumer service 14
Global marketing 15
Buying habits 15
Objective of the study 17
Scope of the study 17
Limitation of the study 18
2 CHAPTER-2 :- LITERATURE REVIEW 18
Most modern retailers typically make a variety of strategic level decisions including
the type of store, the market to be served, the optimal product assortment, customer
service, supporting services and the store's overall market positioning. Once the
strategic retail plan is in place, retailers devise the retail mix which includes product,
price, place, promotion, personnel and presentation. In the digital age, an increasing
number of retailers are seeking to reach broader markets by selling through multiple
channels, including both bricks and mortar and online retailing. Digital technologies
are also changing the way that consumers pay for goods and services. Retailing
support services may also include the provision of credit, delivery services, advisory
services, stylist services and a range of other supporting services.
Retail shops occur in a diverse range of types and in many different contexts –
from strip shopping centres in residential streets through to large, indoor shopping
malls. Shopping streets may restrict traffic to pedestrians only. Sometimes a
shopping street has a partial or full roof to create a more comfortable shopping
environment – protecting customers from various types of weather conditions such
as extreme temperatures, winds or precipitation. Forms of non-shop retailing
include online retailing (a type of electronic-commerce used for business-to-
consumer (B2C) transactions) and mail order.
1.1.1 RETAIL STRATEGY
The distinction between "strategic" and "managerial" decision-making is commonly
used to distinguish "two phases having different goals and based on different
conceptual tools. Strategic planning concerns the choice of policies aiming at
improving the competitive position of the firm, taking account of challenges and
opportunities proposed by the competitive environment. On the other hand,
managerial decision-making is focused on the implementation of specific targets."
In retailing, the strategic plan is designed to set out the vision and provide guidance
for retail decision-makers and provide an outline of how the product and service mix
will optimize customer satisfaction. As part of the strategic planning process, it is
customary for strategic planners to carry out a detailed environmental scan which
seeks to identify trends and opportunities in the competitive environment, market
environment, economic environment and statutory-political environment. The retail
strategy is normally devised or reviewed every 3– 5 years by the chief executive
officer.
The strategic retail analysis typically includes following elements:
MARKET ANALYSIS
Market size, stage of market, market competitiveness, market attractiveness, market
trends
CUSTOMER ANALYSIS
Market segmentation, demographic, geographic and psychographic profile, values
and attitudes, shopping habits, brand preferences, analysis of needs and wants, media
habits
INTERNAL ANALYSIS
Other capabilities e.g. human resource capability, technological capability,
financial capability, ability to generate scale economies or economies of scope,
trade relations, reputation, positioning, past performance.
COMPETITION ANALYSIS
Availability of substitutes, competitor's strengths and weaknesses, perceptual
mapping, competitive trends
REVIEW OF PRODUCT MIX
Sales per square foot, stock-turnover rates, profitability per product line
REVIEW OF DISTRIBUTION CHANNELS
Lead-times between placing order and delivery, cost of distribution, cost efficiency of
intermediaries.
EVALUATION OF THE ECONOMICS OF THE STRATEGY
Cost-benefit analysis of planned activities. At the conclusion of the retail analysis,
the retail marketers should have a clear idea of which groups of customers are to be
the target of marketing activities. Research studies suggest that there is a strong
relationship between a store's positioning and the socio-economic status of
customers. In addition, the retail strategy, including service quality, has a significant
and positive association with customer loyalty. A marketing strategy effectively
outlines all key aspects of firms' targeted audience, demographics, and preferences.
In a highly competitive market, the retail strategy sets up long-term sustainability. It
focuses on customer relationships, stressing the importance of added value, customer
satisfaction and highlights how the store's market positioning appeals to targeted
groups of customers.
Once the strategic plan is in place, retail managers turn to the more managerial
aspects of planning. A retail mix is devised for the purpose of coordinating day-to-
day tactical decisions. The retail marketing mix typically consists of six broad
decision layers including product decisions, place decisions, promotion, price,
personnel and presentation (also known as physical evidence). The retail mix is
loosely based on the marketing mix, but has been expanded and modified in line with
the unique needs of the retail context. A number of scholars have argued for the
modified marketing mix with the inclusion of two new Ps, namely, Personnel and
Presentation should be added to the marketing mix since these contribute to the
customer's unique retail experience and are the principal basis for retail
differentiation. Yet other scholars argue that the Retail Format (i.e. retail formula)
should be included.
PRODUCT
The primary product-related decisions facing the retailer are the product assortment
(what product lines, how many lines and which brands to carry); the type of
customer service (high contact through to self-service) and the availability of support
services (e.g. credit terms, delivery services, after sales care). These decisions
depend on careful analysis of the market, demand, competition as well as the
retailer's skills and expertise.
PRODUCT ASSORTMENT
A typical supermarket carries an assortment of between 30,000 and 60,000 different
products
The term product assortment refers to the combination of both product breadth and
depth. The main characteristics of a company's product assortment are:
(1) The length or number of products lines, the number of different products
carried by a store
The breadth refers to the variety of product lines that a store offers. It
(2)
is also known as product assortment width, merchandise breadth, and product line
width.:
(3) Depth
or number of product varieties within a product line, the number of
each item or particular styles carried by a store
(4) Consistency how products relate to each other in a retail environment.
For a retailer, finding the right balance between breadth and depth can be a key to
success. An average supermarket might carry 30,000–60,000 different product lines
(product length or assortment), but might carry up to 100 different types of
toothpaste (product depth). Specialty retailers typically carry fewer product lines,
perhaps as few as 20 lines, but will normally stock greater depth. Costco, for
example, carries 5,000 different lines while Aldi carries just 1,400 lines per store.
Large assortments offer consumers many benefits, notably increased choice and the
possibility that the consumer will be able to locate the ideal product. However, for
the retailer, larger assortments incur costs in terms of record- keeping, managing
inventory, pricing and risks associated with wastage due to spoiled, shopworn or
unsold stock. Carrying more stock also exposes the retailer to higher risks in terms of
slow-moving stock and lower sales per square foot of store space. On the other hand,
reducing the number of product lines can generate cost savings through increased
stock turnover by eliminating slow-moving lines, fewer stock outs, increased
bargaining power with suppliers, reduced costs associated with wastage and carrying
inventory, and higher sales per square foot which means more efficient space
utilization.
When determining the number of product lines to carry, the retailer must consider
the store type, store's physical storage capacity, the perishability of items, expected
turnover rates for each line and the customer's needs and expectations.
CUSTOMER SERVICE AND SUPPORTING SERVICES
Customer service is the "sum of acts and elements that allow consumers to receive
what they need or desire from the retail establishment." Retailers must decide
whether to provide a full service outlet or minimal service outlet, such as no-service
in the case of vending machines; self-service with only basic sales assistance or a full
service operation as in many boutiques and specialty stores. In addition, the retailer
needs to make decisions about sales support such as customer delivery and after sales
customer care.
Retailing services may also include the provision of credit, delivery services,
advisory services, exchange/ return services, product demonstration, special orders,
customer loyalty programs, limited-scale trial, advisory services and a range of other
supporting services. Retail stores often seek to differentiate along customer service
lines. For example, some department stores offer the services of a stylist; a fashion
advisor, to assist customers selecting a fashionable wardrobe for the forthcoming
season, while smaller boutiques may allow regular customers to take goods home on
approval, enabling the customer to try out goods before making the final purchase.
The variety of supporting services offered is known as the service type. At one end
of the spectrum, self-service operators offer few basic support services. At the other
end of the spectrum, full-service operators offer a broad range of highly personalized
customer services to augment the retail experience.
When making decisions about customer service, the retailer must balance the
customer's desire for full-service against the customer's willingness to pay for the
cost of delivering supporting services. Self-service is a very cost efficient way of
delivering services since the retailer harnesses the customers labour power to carry
out many of the retail tasks. However, many customers appreciate full service and
are willing to pay a premium for the benefits of full-service.
A sales assistant's role typically includes greeting customers, providing product and
service-related information, providing advice about products available from current
stock, answering customer questions, finalising customer transactions and if
necessary, providing follow-up service necessary to ensure customer satisfaction. For
retail store owners, it is extremely important to train personnel with the requisite
skills necessary to deliver excellent customer service. Such skills may include
product knowledge, inventory management, handling cash and credit transactions,
handling product exchange and returns, dealing with difficult customers and of
course, a detailed knowledge of store policies. The provision of excellent customer
service creates more opportunities to build enduring customer relationships with the
potential to turn customers into sources of referral or retail advocates. In the long
term, excellent customer service provides businesses with an ongoing reputation and
may lead to a competitive advantage. Customer service is essential for several
reasons. Firstly, customer service contributes to the customer's overall retail
experience. Secondly, evidence suggests that a retail organization which trains its
employees in appropriate customer service benefits more than those who do not.
Customer service training entails instructing personnel in the methods of servicing
the customer that will benefit corporations and businesses. It is important to establish
a bond amongst customers-employees known as Customer relationship management.
1.3 TYPES OF CUSTOMER SERVICE
There are several ways the retailer can deliver services to consumers:
Counter service, where goods are out of reach of buyers and must be obtained
from the seller. This type of retail is common for small expensive items (e.g.
amway products) and controlled items like organic and natural. It was common
before the 1900s in the United States and is more common in certain countries like
India.
Click and Commute, where products are ordered online and are picked up via
a drive through.
Ship to Store, where products are ordered online and can be picked up at the
retailer's main store.
Delivery, where goods are shipped directly to consumer's homes or
workplaces.
Mail order from a printed catalogue was invented in 1744 and was common
in the late 19th and early 20th centuries.
Ordering by telephone was common in the 20th century, either from a
catalog, newspaper, television advertisement or a local restaurant menu, for
immediate service (especially for pizza delivery), remaining in common use for
food orders. Internet shopping – a form of delivery – has eclipsed phone-ordering,
and, in several sectors – such as books and music – all other forms of buying.
There is increasing competitor pressure to deliver consumer goods – especially
those offered online – in a more timely fashion. Large online retailers such
as [Link] are continually innovating and as of 2015 offer one-hour delivery
in certain areas. They are also working with drone technology to provide
consumers with more efficient delivery options. Direct marketing, including
telemarketing and television shopping channels, are also used to generate
telephone orders. Started gaining significant market share in developed countries
in the 2000s.
Door-to-door sales, where the salesperson sometimes travels with the goods
for sale.
Self-service, where goods may be handled and examined prior to purchase.
Digital delivery or Download, where intangible goods, such as music, film,
and electronic books and subscriptions to magazines, are delivered directly to the
consumer in the form of information transmitted either over wires or air-waves,
and is reconstituted by a device which the consumer controls (such as an MP3
player; see digital
rights management). The digital sale of models for 3D printing also fits here, as do the media
leasing types of services, such as streaming.
1.4 GLOBAL MARKETING
Global marketing is “marketing on a worldwide scale reconciling or taking commercial advantage
of global operational differences, similarities and opportunities in order to meet global objectives".
Global marketing is also a field of study in general business management to provide valuable
products, solutions and services to customers locally, nationally, internationally and worldwide.
International marketing is the export, franchising, joint venture or full direct entry of an
organization's product or services into another country. This can be achieved by exporting a
company's product into another location, entry through a joint venture with another firm in the
target country, or foreign direct investment into the target country. The development of the
marketing mix for that country is then required - international marketing. It can be as
straightforward as using existing marketing strategies, mix and tools for export on the one side, to a
complex relationship strategy including localization, local product offerings, pricing, production
and distribution with customized promotions, offers, website, social media and leadership.
Internationalization and international marketing meets the needs of selected foreign countries
where a company's value can be exported and there is inter- firm and firm learning, optimization
and efficiency in economies of scale and scope.
A firm does not need to export or enter all world markets to be considered an international
marketer. According to American Marketing Association (AMA) "International marketing is the
multinational process of planning and executing the conception, pricing, promotion and
distribution of ideas, goods and services to create exchanges that satisfy individual and
organization’s goals".
1.5 CONSUMER GOODS
In economics, any commodity which is produced and subsequently consumed by the consumer, to
satisfy his current wants or needs, is a consumer good or final good. Consumer goods are goods
that are ultimately consumed rather than used in the production of another good. For example, a
microwave oven or a bicycle which is sold to a consumer is a final good or consumer good,
whereas the components which are sold to be used in those goods are called intermediate goods.
For example, textiles or transistors which can be used to make some further goods. When used in
measures of national income and output, the term "final goods" only includes new goods. For
instance, the GDP excludes items counted in an earlier year to prevent double counting of
production based on re sales of the same item second and third hand. In this context the economic
definition of goods includes what are commonly known as services. Manufactured goods are goods
that have been processed in any way. As such, they are the opposite of raw materials, but include
intermediate goods as well as final goods.
RESEARCH DESIGN
Samples are representatives of the universe. The findings from the samples can be
taken as the opinion of all respondents. The data cannot be collected from each and
every person. Hence I take the sample as 100. The data needed for the project consist
of 2.
a) Primary data
b) Secondary data
Primary data is that data which collected from primary sources by using a schedule
of questionnaire consisting of 22 question. Simple random sampling has been
applied for data collection.
Descriptive Research
Descriptive research is used to describe characteristics of a population or
phenomenon being studied. It does not answer questions about how/when/why the
characteristics occurred. Rather it addresses the "what" question (what are the
characteristics of Minnesota state population or situation being studied?) The
characteristics used to describe the situation or population are usually some kind of
categorical scheme also known as descriptive categories. For example, the periodic
table categorizes the elements. Scientists use knowledge about the nature of
electrons, protons and neutrons to devise this categorical scheme. We now take for
granted the periodic table, yet it took descriptive research to devise it. Descriptive
research generally precedes explanatory research. For example, over time the
periodic table’s description of the elements allowed scientists to explain chemical
reaction and make sound prediction when elements were combined. Hence,
descriptive research cannot describe what caused a situation. Thus, descriptive
research cannot be used as the basis of a causal relationship, where one variable
affects another. In other words, descriptive research can be said to have a low
requirement for internal validity.
The description is used for frequencies, averages and other statistical calculations.
Often the best approach, prior to writing descriptive research, is to conduct a
survey investigation. Qualitative research often has the aim of description and
researchers may follow-up with examinations of why the observations exist and what
the implications of the findings are.
Quantitative data
Quantitative data is information about quantities; that is, information that can be
measured and written down with numbers. Some examples of quantitative data are
your height, your shoe size, and the length of your fingernails. Here's the data is
income level, monthly expenditure, customer opinion about Amway product for
price, quality, display, attractive, discount, available, package, features, accessible,
after sale of service and overall satisfaction. The data sample collected from 100
customer who are using Amway products.
DATA ANALYSIS AND INTERPRETATION
2.1 PERCENTAGE ANALYSIS
Data collected are edited and coded by using the rally bars. This helps in converting
the gathered data into a tabulated grouped data. Percentage Analysis is applied to
create a contingency table from the frequency distribution and the represent the
collected data for the better understanding.
Table 1-Annual Income
[Link] Annual Income No. of. Percentage
. Respondents
1 Less than 65 65%
Rs.1,50,000
2 Rs.1,50,000-Rs. 20 20%
3,00,000
3 Rs.3,00,000-Rs. 9 9%
6,00,000
4 Above Rs.6,00,000 6 6%
Total 100 100%
Interpretation
From the above table 1, it reveals that 65% of the respondents are the Less than Rs.1,
50,000, 20% of the respondent for Rs.1, 50,000-Rs. 3, 00,000. 9% of the respondent
for Rs.3, 00,000-Rs. 6, 00,000 and then least respondent 6%for Above Rs.6,00,000.
Table 2 - Monthly Average Purchase for Amway products
[Link]. Monthly Expenditure No. of. Respondents Percentage
1 Below Rs.500 59 59%
2 Rs.500-Rs.10000 40 40%
3 Rs.10000-Rs. 25000 1 1%
4 Above Rs.25000 0 0%
Total 100 100%
Interpretation
From the above table 2, it reveals that 59% of the respondent are the less than Below
Rs.500 .The respondent for Rs.500-Rs.10000 is 40%. The respondent for Rs.10000-
Rs.25000 is 1% and there is no responsible for above Rs.25000 .For the Amway
products monthly expenditure least one Rs.10000-Rs.25000 respectively.
Interpretation
From the above table 11, it indicates that the number of respondent for the quality of
Amway products compared to other similar products of ‘excellent’ is 8%, ‘good’
51%,’average’ 28%, ‘poor’ 5% and ‘very poor’ 8% respectively. The maximum
respondent’s consumer prefer ‘Good’ to compare to other products.
Component Matrixa
1 2 3
Price .216 .487 .802
Quality .748 -.039 -.451
Discount -.174 .781 -.435
Features .689 .483 -.101
Package .876 -.094 .100
Display .762 -.253 .042
aftersaleofservice .482 .005 .079
Extraction Method: Principal Component Analysis.
a. 3 components extracted.
Table 18 - Rotated Component Matrix a
Component
1 2 3
Price .092 .021 .958
Quality .802 .159 -.308
Discount -.140 .900 -.013
Features .680 .444 .242
Package .857 -.164 .155
Display .758 -.270 .012
After sale of service .467 -.053 .134
Extraction Method: Principal Component Analysis.
Rotation Method: Varimax with Kaiser Normalization.
a. Rotation converged in 4 iterations
Interpretation
Kaiser-Meyer-Olkin Measure of Sampling Adequacy indicates 0.650, which infers
the test has good sample adequacy. The Descriptive Statistics for research questions
Means varies from 2.60 to 4.05 and Standard Deviation varies from 0.628 to 1.163.
The 7 variables are classified into three factors such as:
REGRESSION ANALYSIS
2.3
Regression analysis is a form of predictive modelling technique which investigates
the relationship between a dependent (target) and independent variable (s)
(predictor). This technique is used for forecasting, time series modelling and finding
the causal effect relationship between the variables. Regression analysis is an
important tool for modelling and analysing data. Regression analysis estimates the
relationship between two or more variables. There are multiple benefits of using
regression analysis. They are as follows:
1. It indicates the significant relationships between dependent variable and
independent variable.
2. It indicates the strength of impact of multiple independent variables on a
dependent variable.
Regression analysis also allows us to compare the effects of variables measured
on different scales, such as the effect of price changes and the number of
promotional activities. These benefits help market researchers / data analysts / data
scientists to eliminate and evaluate the best set of variables to be used for building
predictive models.
Analysis:
Table 21 - Model Summary
Model R R Square Adjusted R Square Std. Error of the Estimate
a
1 .306 .094 .025 .62112
a. Predictors: (Constant), after sale of service, price, discount, quality, display, features, package
Table 22 - ANOVA b
Model Sum of Squares df Mean Square F Sig.
1 Regression 3.667 7 .524 1.35 .233a
8
Residual 35.493 92 .386
Total 39.160 99
Table 23 - Coefficients a
Unstandardized Coefficients Standardized Coefficients
Model t Sig.
B Std. Error Beta
1 (Constant) 4.653 .468 9.952 .000
Price -.068 .060 -.127 -1.141 .257
Quality .018 .095 .027 .194 .847
Discount -.016 .082 -.020 -.192 .848
Features -.158 .087 -.236 -1.812 .073
Package .070 .117 .097 .600 .550
Display -.084 .102 -.114 -.825 .412
After Sales Service -.039 .069 -.061 -.560 .577
a. Dependent Variable: overall
REGRESSION EQUATION:
OAS = a1+ + α1 PRC + α2 QLT + α3 DIS + α4 FEA + α5 PAC + α6 DPL + α7 ASS
+ ε1
Where,
OAS- Overall
Satisfaction PRC-
Price
QLT- Quality
DPL-
Display
FEA-
Features
DIS-
Discount
ASS- After sale of service
a1- Constant
α1- Coefficient of PRC
α2- Coefficient of QLT
α3- Coefficient of DPL
α4- Coefficient of FEA
α5- Coefficient of PAC
α6- Coefficient of DIS
α7- Coefficient of ASS
ε1 - Error
By substituting the value from table, the regression equation will be
OAS =4.653 + (-0.068) PRC + 0.018 QLT + (-0.016) DIS + (-0.158) FEA +
(0.070) PAC + (-
0.084)
DIS +(-0.039) ASS + 0.094..............................Eq.(1)
Interpretation:
The Significance (P Value) of the model is 0.00, which is less than the stipulated P-
Value of 0.05. So this test is statistically significant. The independent variables are
considered for the test are ‘Price’, ’Quality’, ‘Discount’ , ‘Features’ , ‘Package’ ,
‘Display’ , and ‘After sale of service’. . By running that regression test the co-
efficient of predicts and constant value are arrived as a1 = 4.653, α1 = -0.068, α2 =
0.018, α3= -0.016, α4= -0.158, α5= - 0.070,α6= -0.084,α7= -0.039, and ε1=0.094
(value of R squire) with this the regression equation Eq. (1) is formed.
As the p-value is much less than 0.05, (i.e. 0.233), we reject the
null hypothesis. Hence there is a significant relationship between
the variables in the linear regression model of the data set faithful.
2.4 CORRELATION ANALYSIS:
The Correlation Analysis is the statistical tool used to study the closeness of the
relationship between two or more variables. The variables are said to be correlated
when the movement of one variable is accompanied by the movement of another
variable. The correlation analysis is used when the researcher wants to determine the
possible association between the variables and to begin with; the following steps are
to be followed:
Determining whether the relation exists and then measuring it (The
measure of correlation is called as the Coefficient of Correlation).
Testing its significance
Establishing the cause-and-effect relation, if any.
In the correlation analysis, there are two types of variables- Dependent and
Independent. The purpose of such analysis is to find out if any change in the
independent variable results in the change in the dependent variable or not.
Pearson's correlation coefficient (r) is a measure of the strength of the association
between the two variables. Pearson's correlation coefficient (r) for continuous
(interval level) data ranges from -1 to +1. Positive correlation indicates that both
variables increase or decrease together, whereas negative correlation indicates that as
one variable increases, so the other decreases, and vice versa.
Correlation analysis has been carried out between the eight variables and the result is
listed in the table above.
Out of the combinations of all the correlation, the highlighted combinations of 11 are
discussed in the following sections which are having high correlation (both positive
and negative). These combinations of variables for correlation analyses:
CORRELATION MATRIX
Table 24 - Correlation Matrix of Variables
Correlations
know buy quality package display
** *
Know Pearson Correlation 1 .503 .222 .028 .110
Sig. (1-tailed) .000 .013 .390 .139
N 100 100 100 100 100
**
Buy Pearson Correlation .503 1 .153 -.060 .136
Sig. (1-tailed) .000 .064 .278 .088
N 100 100 100 100 100
* **
quality Pearson Correlation .222 .153 1 .567 .461**
Sig. (1-tailed) .013 .064 .000 .000
N 100 100 100 100 100
**
package Pearson Correlation .028 -.060 .567 1 .689**
Sig. (1-tailed) .390 .278 .000 .000
N 100 100 100 100 100
** **
display Pearson Correlation .110 .136 .461 .689 1
Sig. (1-tailed) .139 .088 .000 .000
N 100 100 100 100 100
**. Correlation is significant at the 0.01 level (1-tailed).
*. Correlation is significant at the 0.05 level (1-tailed).
1. Between ‘How did you know about the amway products’ and ‘where do you
buy this products’
2. Between ‘package’ and ‘quality’
3. Between ‘display’ and ‘package’
Correlation between ‘how did you know about the Amway products’ and
‘where do you buy this products’
Table 25 - Correlation Analysis 1
know buy
Know Pearson Correlation 1 .503**
Sig. (1-tailed) .000
N 100 100
Buy Pearson Correlation .503** 1
Sig. (1-tailed) .000
N 100 100
**. Correlation is significant at the 0.01 level (1-tailed).
Interpretation:
The correlation analysis between ‘how did you know about the amway products’ and
‘where do you buy this products’ was carried out and the result is depicted in the
table - The significance difference between the variables ‘how did you know about
the amway products’ and ’where do you buy this products’ is calculated as 0.000,
which is
less than the stipulated P Value of 0.05. So, it is statistically significant to conduct
correlation test. The result indicates that, the Pearson correlation co-efficient of 0.503
between the variables. This indicates there is a positive and has closer relationship
between these variables. This infers that the variables ‘Annual Income’ and ‘Monthly
Expenditure’ are impacted unidirectional.
package quality
Package Pearson Correlation 1 .567**
Sig. (1-tailed) .000
N 100 100
Quality Pearson Correlation .567** 1
Sig. (1-tailed) .000
N 100 100
**. Correlation is significant at the 0.01 level (1-tailed).
The correlation analysis between ‘Package’ and ‘quality’ was carried out and the
result is depicted in the table -----
The significance difference between the variables ‘package’ and ‘quality’ is
calculated as 0.000, which is less than the stipulated P Value of 0.05. So, it is
statistically significant to conduct correlation test. The result indicates that, the
Pearson correlation co-efficient of 0.567 between the variables. This indicates there
is a positive and has closer relationship between these variables. This infers that the
variables ‘package’ and ‘quality’ are impacted unidirectional
package display
Package Pearson Correlation 1 .689**
Sig. (1-tailed) .000
N 100 100
**
Display Pearson Correlation .689 1
Sig. (1-tailed) .000
N 100 100
**. Correlation is significant at the 0.01 level (1-tailed).
The correlation analysis between ‘display’ and ‘package’ was carried out and the
result is depicted in the table -----
The significance difference between the variables ‘display’ and ‘package’ is
calculated as 0.000, which is less than the stipulated P Value of 0.05. So, it is
statistically significant to conduct correlation test. The result indicates that, the
Pearson correlation co-efficient of 0.689 between the variables. This indicates there
is a positive and has closer relationship between these variables. This infers that the
variables ‘display’ and ’package’ are impacted unidirectional
2.5 SCORE ANALYSIS
Table 28 - Score Analysis
Ratings Excellent (5) Good (4) Average (3) Poor (2) Very Poor (1)
Interpretation
Majority of the respondents have given average ratings for price and the score is
[Link] respondent for the quality has given excellent ratings and the score is
[Link] respondent for the discount has given average ratings and score is [Link]
respondent for the features has given good ratings and score is [Link] respondent
for the package has given good rating and score is [Link] respondent for the
display has given good ratings and score is [Link] respondent for the after sale of
service good ratings and score is [Link] good rating for package and display for
the Amway products.
3.2 SUGGESTIONS
As regarding this suggestion given respondent as following below:
The price is not affordable.
The Amway products not available in all markets.
The Advertisement for this products is less.
Some suggest to improve the Amway quality.
Not satisfied compare to other products.
For the Amway products there is no discount.
Features is less in the products.
After sale of service there is no responsible for service of the products.
3.3 CONCLUSION
As per the research what I done, I came to conclude the Amway product is very high
in order to increase the sale of product they must reduction the product price. The
available and accessible of the product is less so they should make it in all the market
area, more advertisement want to prefer ,compare to other products features want to
be add more, want to improve in quality and they want to concentrate in after sale of
service the consumer mostly expecting the service after sales .
4. REFERENCES
I. Diehl, K., van Herpen, E., & Lamberton, C. (2015). Organizing
products with complements versus substitutes: Effects on store
preferences as a function of effort and assortment perceptions. Journal
of Retailing, 91(1), 1-18.
II. Feng, Y., & O'Mahony, M. (2017). Comparison between American
and Chinese consumers in the use of verbal and numerical 9-point
hedonic scales and R-Index ranking for food and personal products.
Food Quality and Preference, 60, 138-144.
III. Kuesten, C., Bi, J., & Meiselman, H. L. (2017). Analyzing consumers’
Profile of Mood States (POMS) data using the proportional odds
model (POM) for clustered or repeated observations and R package