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CONSUMER BEHAVIOR
        @
   SABZI MANDI
             TEAM ANALYTICS
             - SOURANGSHU SARKAR
             - RAHUL WADHWA
             - RAMYA S
             - SNEHA NIMKAR
             - BAIBHAV BAJPAI
Objectives…..

• To know buyers
  purchasing behavior
• To know buyer's
  preferences
• To know buyer's
  dislike
• To know buyer’s
  expectations

                                        2
Relevance with companies

• How to attract middle
  class customers
• How to know what they
  want
• How to fulfill buyers
  expectations
• What extra experiences
  can be added to retain
  them
                                           3
ROAD SIDE VEGETABLE SHOP
                               VS SUPER MARKETS
              Road side vegetable market Vs super market


• price

• Freshness

• Flexible timing

• Stock

• Location

• experience / aroma
Why SabjiMandi ?


 Poor people for price
 Middle class people for price as well as freshness
 Upper middle and Upper class people for
  freshness and quality
 Distance and place is common reason
Data sets

                                                  Drop Page Fields Here
                                          Occupation Vs Frequency of Consumption

    Count of frequency of consumption
7


6


5

                                                                                   frequency of consumption
4
                                                                                     every day
                                                                                     thrice
3                                                                                    tw ice
                                                                                     w eekly

2


1


0
                             home maker                              w orking


                                               occupation
Data sets

                                         Occupation Vs Fields Here
                                            Drop Page Planned/unplanned


    Count of planned/unplanned
8



7



6



5

                                                                          planned/unplanned
4                                                                           Planned
                                                                            Unplanned

3



2



1



0
                            home maker                         working


                                           occupation
Data sets

                                                  Drop Page Fields Here
                                        Lifestyle Vs Frequency of Consumption

    Count of frequency of consumption
7



6



5



                                                                                frequency of consumption
4
                                                                                  every day
                                                                                  thrice
3                                                                                 twice
                                                                                  weekly


2



1



0
                                low                                middle


                                               lifestyle
Data sets

                          Drop Page Fields Here
                           Lifestyle Vs Want

    Count of want
8



7



6



5

                                                           want
4                                                           basic needs
                                                            most of them

3



2



1



0
                    low                           middle


                             lifestyle
Data sets

                                                 Drop Page Fields Here
                                        Distance Vs Frequency of Consumption

    Count of frequency of consumption
7



6



5



                                                                               frequency of consumption
4
                                                                                 every day
                                                                                 thrice
3                                                                                twice
                                                                                 weekly


2



1



0
                               long                               short


                                              distance
Data sets

                           Drop Page Fields Here
                           Distance Vs Want

    Count of want
9


8


7


6


5                                                          want
                                                            basic needs
4                                                           most of them


3


2


1


0
                    long                           short


                             distance
Data sets

                                                Drop Page Fields Here
                                        Family Size Vs Type of Vegetables

      Count of type of vegetables
4.5


 4


3.5


 3


2.5                                                                             type of vegetables
                                                                                  Fresh for long
 2                                                                                immediate consumption


1.5


 1


0.5


 0
                  3                 4                5            6         7


                                               family size
Data sets

                                              Family Size Vs Page Fieldsof Consumption
                                                       Drop Frequency Here


      Count of frequency of consumption
4.5


 4


3.5


 3

                                                                                             frequency of consumption
2.5
                                                                                               every day
                                                                                               thrice
 2                                                                                             twice
                                                                                               weekly
1.5


 1


0.5


 0
                3                         4                5           6                 7


                                                     family size
Prices & Distance
                                  Drop Page Fields Here


Count of prices

                  10

                   9

                   8

                   7

                   6

                   5
                                                           prices
                   4
                                                             Important
                   3
                                                             Not Important
                       2

                       1
                       0

                           long
                                               short




                                    distance
Prices & Age
                                  Drop Page Fields Here

Count of prices
                  6



                  5



                  4



                  3                                              prices
                                                                   Important
                                                                   Not Important
                      2



                      1



                      0
                          20+
                                30+
                                            40+
                                                     50+


                                      age
Prices & Lifestyle
                                Drop Page Fields Here


Count of prices

                  8


                  7


                  6


                  5


                  4
                                                             prices
                  3                                            Important
                                                               Not Important
                      2

                      1

                      0

                          low
                                             middle




                                 lifestyle
Prices & Occupation
                                       Drop Page Fields Here

Count of prices

                  7



                  6


                  5


                  4

                                                               prices
                  3                                              Important
                                                                 Not Important
                      2


                      1


                      0

                          home maker
                                                    working



                                       occupation
Prices & Gender
                              Drop Page Fields Here


Count of prices

                  7


                  6


                  5


                  4


                  3                                        prices
                                                             Important
                      2                                      Not Important


                      1


                      0

                          F
                                           M




                                gender
Prices & Consumption Frequency
                                           Drop Page Fields Here


Count of prices

                  7


                  6


                  5


                  4


                  3                                                       prices
                                                                            Important
                  2                                                         Not Important


                      1


                      0
                          every day
                                         twice
                                                     thrice
                                                                 weekly




                                      frequency of consumption
Prices & Family size
                                  Drop Page Fields Here


Count of prices
                  6



                  5



                  4



                  3
                                                            prices
                                                              Important
                  2
                                                              Not Important


                      1


                      0
                          3
                              4
                                      5
                                                6
                                                    7




                                  family size
Prices & Quality
                                           Drop Page Fields Here


Count of prices
                  8


                  7


                  6


                  5

                  4
                                                                          prices
                  3
                                                                            Important
                                                                            Not Important
                      2

                      1

                      0

                          doesn't matter
                                             fresh
                                                         like anywhere
                                                               else



                                             quality
Prices & Vegetables bought
                                           Drop Page Fields Here

Count of prices

                  7


                  6


                  5


                  4

                                                                          prices
                  3                                                         Important
                                                                            Not Important
                      2


                      1


                      0

                          Fresh for long
                                                  immediate consumption


                                       type of vegetables
Prices & Purchase type
                                      Drop Page Fields Here

Count of prices

                  7



                  6


                  5


                  4

                                                                prices
                      3                                           Important
                                                                  Not Important
                      2


                      1


                      0

                          Planned
                                                    Unplanned


                                    planned/unplanned
Prices & Gender
                              Drop Page Fields Here

Count of prices

                  7



                  6


                  5


                  4

                                                           prices
                  3                                          Important
                                                             Not Important

                      2


                      1


                      0

                          F
                                           M



                                gender
Prices & kind of Want
                                        Drop Page Fields Here

Count of prices

                  9


                  8


                  7


                  6

                  5

                                                                  prices
                  4
                                                                    Important

                      3                                             Not Important


                      2

                      1

                      0

                          basic needs
                                                   most of them



                                          bought
Prices & Region
                                Drop Page Fields Here

Count of prices
                  8


                  7


                  6


                  5


                  4
                                                             prices
                                                               Important
                  3
                                                               Not Important

                      2


                      1


                      0

                          A.P
                                 Kerala
                                               T.N



                                  region
HYPOTHESIS

• H0 : µ0 > 15         (NULL HYP): Price influences buying behavior.
• H1 : µ0 <= 15        (ALT HYP): Prices don’t influence buying behavior.


• For 95 % confidence interval, α=0.05.
• From the data
        • x̄ = 30
        • S=3
• From calculations (Due to n =16 which is n < 30, we use t
        • t = 6.67        distribution.)
        • t α=2.131
INFERENCE
• Conclusion:
  Reject null hypothesis if t < t α
  Don’t reject null hypothesis if t > t α
• Inference
  Here 6.67 > 2.131 => t > t α .
  So don’t reject null hypothesis H0 : µ0 > 15.
  => Prices influence buying behavior at the Sabzi
      Mandi.
Suggestions for the market

• Giving land on rent to the sellers.
• Providing a hygienic place for the consumers.
• Providing a common place for all the groups
  consumers.
• Awareness of the market.
Business Model




 Organized retailer can make contract with village
    vegetable marketer so that they would able to attract
all middle class consumer who do other shopping there.
Business growth advice

• Targeting institutions /
  small hotels for vegetable
  supply – As the vegetable
  market is weekly basis,
  the shop owners can
  target nearby institutions
  or hotels etc for fresh
  vegetable supply at a
  lower price than retail
  market
Analytics sabzi mandi

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Analytics sabzi mandi

  • 1. CONSUMER BEHAVIOR @ SABZI MANDI TEAM ANALYTICS - SOURANGSHU SARKAR - RAHUL WADHWA - RAMYA S - SNEHA NIMKAR - BAIBHAV BAJPAI
  • 2. Objectives….. • To know buyers purchasing behavior • To know buyer's preferences • To know buyer's dislike • To know buyer’s expectations 2
  • 3. Relevance with companies • How to attract middle class customers • How to know what they want • How to fulfill buyers expectations • What extra experiences can be added to retain them 3
  • 4. ROAD SIDE VEGETABLE SHOP VS SUPER MARKETS Road side vegetable market Vs super market • price • Freshness • Flexible timing • Stock • Location • experience / aroma
  • 5. Why SabjiMandi ?  Poor people for price  Middle class people for price as well as freshness  Upper middle and Upper class people for freshness and quality  Distance and place is common reason
  • 6. Data sets Drop Page Fields Here Occupation Vs Frequency of Consumption Count of frequency of consumption 7 6 5 frequency of consumption 4 every day thrice 3 tw ice w eekly 2 1 0 home maker w orking occupation
  • 7. Data sets Occupation Vs Fields Here Drop Page Planned/unplanned Count of planned/unplanned 8 7 6 5 planned/unplanned 4 Planned Unplanned 3 2 1 0 home maker working occupation
  • 8. Data sets Drop Page Fields Here Lifestyle Vs Frequency of Consumption Count of frequency of consumption 7 6 5 frequency of consumption 4 every day thrice 3 twice weekly 2 1 0 low middle lifestyle
  • 9. Data sets Drop Page Fields Here Lifestyle Vs Want Count of want 8 7 6 5 want 4 basic needs most of them 3 2 1 0 low middle lifestyle
  • 10. Data sets Drop Page Fields Here Distance Vs Frequency of Consumption Count of frequency of consumption 7 6 5 frequency of consumption 4 every day thrice 3 twice weekly 2 1 0 long short distance
  • 11. Data sets Drop Page Fields Here Distance Vs Want Count of want 9 8 7 6 5 want basic needs 4 most of them 3 2 1 0 long short distance
  • 12. Data sets Drop Page Fields Here Family Size Vs Type of Vegetables Count of type of vegetables 4.5 4 3.5 3 2.5 type of vegetables Fresh for long 2 immediate consumption 1.5 1 0.5 0 3 4 5 6 7 family size
  • 13. Data sets Family Size Vs Page Fieldsof Consumption Drop Frequency Here Count of frequency of consumption 4.5 4 3.5 3 frequency of consumption 2.5 every day thrice 2 twice weekly 1.5 1 0.5 0 3 4 5 6 7 family size
  • 14. Prices & Distance Drop Page Fields Here Count of prices 10 9 8 7 6 5 prices 4 Important 3 Not Important 2 1 0 long short distance
  • 15. Prices & Age Drop Page Fields Here Count of prices 6 5 4 3 prices Important Not Important 2 1 0 20+ 30+ 40+ 50+ age
  • 16. Prices & Lifestyle Drop Page Fields Here Count of prices 8 7 6 5 4 prices 3 Important Not Important 2 1 0 low middle lifestyle
  • 17. Prices & Occupation Drop Page Fields Here Count of prices 7 6 5 4 prices 3 Important Not Important 2 1 0 home maker working occupation
  • 18. Prices & Gender Drop Page Fields Here Count of prices 7 6 5 4 3 prices Important 2 Not Important 1 0 F M gender
  • 19. Prices & Consumption Frequency Drop Page Fields Here Count of prices 7 6 5 4 3 prices Important 2 Not Important 1 0 every day twice thrice weekly frequency of consumption
  • 20. Prices & Family size Drop Page Fields Here Count of prices 6 5 4 3 prices Important 2 Not Important 1 0 3 4 5 6 7 family size
  • 21. Prices & Quality Drop Page Fields Here Count of prices 8 7 6 5 4 prices 3 Important Not Important 2 1 0 doesn't matter fresh like anywhere else quality
  • 22. Prices & Vegetables bought Drop Page Fields Here Count of prices 7 6 5 4 prices 3 Important Not Important 2 1 0 Fresh for long immediate consumption type of vegetables
  • 23. Prices & Purchase type Drop Page Fields Here Count of prices 7 6 5 4 prices 3 Important Not Important 2 1 0 Planned Unplanned planned/unplanned
  • 24. Prices & Gender Drop Page Fields Here Count of prices 7 6 5 4 prices 3 Important Not Important 2 1 0 F M gender
  • 25. Prices & kind of Want Drop Page Fields Here Count of prices 9 8 7 6 5 prices 4 Important 3 Not Important 2 1 0 basic needs most of them bought
  • 26. Prices & Region Drop Page Fields Here Count of prices 8 7 6 5 4 prices Important 3 Not Important 2 1 0 A.P Kerala T.N region
  • 27. HYPOTHESIS • H0 : µ0 > 15 (NULL HYP): Price influences buying behavior. • H1 : µ0 <= 15 (ALT HYP): Prices don’t influence buying behavior. • For 95 % confidence interval, α=0.05. • From the data • x̄ = 30 • S=3 • From calculations (Due to n =16 which is n < 30, we use t • t = 6.67 distribution.) • t α=2.131
  • 28. INFERENCE • Conclusion: Reject null hypothesis if t < t α Don’t reject null hypothesis if t > t α • Inference Here 6.67 > 2.131 => t > t α . So don’t reject null hypothesis H0 : µ0 > 15. => Prices influence buying behavior at the Sabzi Mandi.
  • 29. Suggestions for the market • Giving land on rent to the sellers. • Providing a hygienic place for the consumers. • Providing a common place for all the groups consumers. • Awareness of the market.
  • 30. Business Model  Organized retailer can make contract with village vegetable marketer so that they would able to attract all middle class consumer who do other shopping there.
  • 31. Business growth advice • Targeting institutions / small hotels for vegetable supply – As the vegetable market is weekly basis, the shop owners can target nearby institutions or hotels etc for fresh vegetable supply at a lower price than retail market