Consumer Preferences Towards Lays Chips - Free Essay Example

Sample details Pages: 18 Words: 5507 Downloads: 1 Date added: 2017/09/23 Category Advertising Essay Type Argumentative essay Did you like this example? Acknowledgment All the thanks to Almighty Allah, Who bestowed us with courage ability to achieve this opportunity. We would like to thank Ms. Zainab Rehman (Course Instructor) for her continuous support and guidance she has rendered for the successful completion of this project. We have collected the data for our research through survey method and questionnaires and we are in no confusion for saying that this activity has enhanced our knowledge about the Research work. It is the result of the efforts of our respected teacher who provided us all the possible directions and information for this purpose. We hereby take this opportunity to thank all those people including our friends and colleagues who have helped us for the successful completion of this project. We express our gratitude’s towards our parents for their encouraging support, incandescent sprit and endurance towards the making of this project. In the end a special thanks to all members who are directly or indirectly associated with the project. Declarations We hereby declare that this â€Å"Research Project† and it is neither as a whole or as part have developed report entirely on the basis of our personal effort, made under the guidance of our project supervisor Ms Zainab Rehman. No portion of this work presented in this dissertation has been submitted in support of any application for any other course of any other degree program or qualification of this or any other university or institute of learning. It is further stated that whole document is as the partial fulfillment for the â€Å"Research† course in B. B. A Degree Program. We understand and transfer the copyright for this material to the department of IMS (City Campus) Multan. DEDICATION â€Å"To Allah Almighty who is the most beneficent and the merciful and who is always with us in our loneliness and in all our difficulties†. AND Our efforts on this report are solely dedicated to our loving and suppo rtive Friends and teachers† Executive Summary: The project purports to decipher the satisfaction level as well as the preferences of consumers pertaining to the trends in snacks industry and the various flavors of Lay’s, a new range of savory snacks launched by Pepsi Co. in Pakistan. We aim to analyze the success, marketability and future growth prospects of Lay’s. Basically we intend to find out the most popular flavor of Lay’s in the market from our sample and consumer trends towards snacks. Snacks are a part of Consumer Convenience/ Packaged Foods segment. Snack is described as a small quantity of food eaten between meals or in place of a meal. Snack food generally comprises bakery products, ready-to-eat mixes, chips, namkeen and other light processed foods Snacks as such are, a very minor part of the food processing industry. Snacks are mostly preferred by children and youngsters to fulfill their appetite for the time being. Of the wide range of sna cks available, potato chips constitute a sizeable segment of the Pakistani snack food industry, according to Pakistan Info line. The potato chip market is generally an unorganized industry. Nearly all potato chip snack products are manufactured and sold locally. There is also no uniform standard for packaging, as there is in Europe, the United States and other more developed regions. Many snack foods are sold loose or packaged in poly-pouches, which may only be folded, or in some cases, stapled closed. As the Pakistani economy continues to grow, and production standards improve, many snack food companies are making significant investments into plant equipment and packaging machinery. Pepsi Foods Ltd. , now known as Frito-Lay Ltd. , produces Pakistans largest snack food manufacturer’s brands, including kukure, Cheetos and Lay`s. Frito Lays story is an example of how American recipes were adjusted to satisfy local tastes. To study the consumer preferences towards snacks a nd the favorability of Lay`s chips, a survey will be conducted in Multan, Pakistan where respondents will be requested to fill a questionnaire. The data will be collected and analyzed to obtain conclusions The report carries an introduction of the company profile, detail of the methodology followed detailed data analysis and the results so obtained with the variety of graphs along with given. History of Lay`s Chips: [pic] Lays is the brand name for a number of potato chip varieties as well as the name of the company that founded the chip brand in 1938. Lays chips are marketed as a division of Frito-Lay, a company owned by PepsiCo Inc. since 1965. Other brands in the Frito-Lay group include Fritos, Doritos, Ruffles, Cheetos and Rold Gold pretzels. In 1932 salesman Herman W. Lay opened a snack food operation in Nashville, Tennessee and, in 1938; he purchased the Atlanta, Georgia potato chip manufacturer â€Å"Barrett Food Company, renaming it H. W. Lay Company. Lay criss-crossed the Southern United States selling the product from the trunk of his car. In 1942, Lay introduced the first continuous potato processor, resulting in the first large-scale production of the product. The business shortened its name to the Lays Company in 1944 and became the first Snack food manufacturer to purchase television commercials, with Bert Lahr as a celebrity spokesman. His signature line, so crisp you can hear the freshness, became the chips first slogan along with de-Lay-sious! As the popular commercials aired during the 1950s, Lays went national in its marketing and was soon supplying product throughout the United States. In 1961, the Frito Company founded by Elmer Doolin and Lays merged to form Frito-Lay Inc. , a snack food giant with combined sales of over $127 million annually, the largest of any manufacturer. Shortly thereafter, Lays introduced its best-known slogan betcha you cant eat just one. Sales of the chips became international, with marketing assisted by a number of celebrity endorsers. In 1965, Frito-Lay merged with the Pepsi Cola Company to form PepsiCo, Inc. and a barbecue version of the chips appeared on grocery shelves. A new formulation of chip was introduced in 1991 that was crisper and kept fresher longer. Shortly thereafter, the company introduced the Wavy Lays products to grocer shelves. In the mid to late 1990s, Lays modified its barbecue chips formula and rebranded it as K. C. Masterpiece, named after a popular sauce, and introduced a lower calorie baked version and a variety that was completely fat-free (Lays WOW chips containing the fat substitute olestra). In the 2000s, kettle cooked brands appeared as did a processed version called Lays Stax that was intended to compete with Pringles, and the company began introducing a variety of additional flavor variations. Frito-Lay products presently control 55% of the United States salty foods marketplace Flavors Except for barbecue-flavor potato chips, which were int roduced no later than 1958, up until the last 20 years, the only flavor of potato chips had been the conventional one. Despite an explosion of new flavors, the unadorned original is still the selection of 81% of consumers. In the United States, Lays offers a number of flavor combinations, in addition to the classic chips. Flavored products in the traditional fried varieties include sour cream Onion, Barbecue, cheddar sour cream, Hidden Valley Ranch, salt vinegar, salt pepper, Flamin Hot, dill pickle, Limon (Lime) and a thicker Deli style chip. Canadian sellers have a number of varied flavors, with curry, ketchup, poutine, pizza, Fire’s Gravy, roast chicken, Smokey bacon, salsa, wasabi, spicy Indian masala and sea salt and pepper brands available. The marketing success of these flavors in Canada sometimes leads to a limited time offering of a flavor to the south, with the dill pickle recently appearing in the United States after a successful run. Interestingly the na me sour cream has got Lays into a lot of confusion in some countries. In India for instance the name was changed to American style cream and onion after consumers reported their discomfort with the idea of sour cream In the baked products, there are classic, barbecue and sour cream onion varieties. The kettle cooked version includes original, sea salt vinegar, mesquite barbecue and jalapeno brands. Wavy Lays have original, hickory barbecue, ranch and Au Gratin flavors while Lays Stax offers original, sour cream onion, cheddar, barbecue, ranch, pizza and salt vinegar. The newest variety, Lays Natural has thick cut barbecue and sea salt brands. The WOW! Brand was rebranded in 2004 as Lays light after the olestra formula was altered and the U. S. Food and Drug Administration allowed removal of warnings about various health consequences of the fat substitute. Outside North America, Lays in Greece and Cyprus are made and packed by Tasty Foods and Carina Snacks LTD, with Mediterran ean flavors which include Feta cheese flavor, Tzatziki flavor, Olive and Tomato, Oregano, Sea Salt Black Pepper and various more. There are hundreds of sub-variations of the Mediterranean line and the company performs. Another flavor sold primarily in southern Asia is called Magic Masala. This flavor is very popular in India, Pakistan, and Bangladesh. Flavors featured in Thailand include Nori Seaweed, Basil, Squid, Spicy Chili Squid, Seafood and Mayonnaise, and Spicy Seafood.. Russia has Lays MAX chips (Chicken, Sour cream Onion, Sour cream Cheese, and Ham cheese flavors) and some international Lays flavors plus Russian Lays flavor Mushrooms Sour cream, Crab and Red caviar. In parts of South America (notably Argentina and Uruguay), Lays flavored products are sold with the Lays Mediterranean label, and include such flavors as ham, tomato and basil, tomato Parmesan, and oregano. In Thailand there is Classic, Sour Cream Onion, Cheese Onion, Mexican Bar-B-Q, and And Japan ese Nori Seaweed. Flavors also come and go usually with an international theme, for example: French Mayonnaise, Balsamic Vinegar and Salt (England), Garlic Soft Shelled Crab (Hong Kong), Soy Sauce, Salmon Teriyaki (Japan), Lobster, Bacon Cheese (America). There are currently 12 regular Lays flavors in Canada, though there are more, available only in certain parts of the country. The flavors available nationwide are the following: Classic (yellow), BarBQ (black), Salt Vinegar (teal), Ketchup (dark red), Wavy Original (red), Dill Pickle (bright green), Smokey Bacon (brown), Sea Salt Pepper (silver), Sour Cream Onion (green), Roast Chicken (light brown) and finally Lightly Salted (bright blue). Frito-Lay and Pepsi Join: In February 1965, the Board of Directors for Frito-lay, Inc. and Pepsi-Cola announced a plan for the merger of the two companies. On June 8, 1965, the merger of Frito-Lay and Pepsi-Cola Company was approved by shareholders of both companies, and a new company called PepsiCo, Inc. was formed. At the time of the merger, Frito-Lay owned 46 manufacturing plants nationwide, had more than 150 distribution centers across the United States, and was listed on the New York Stock Exchange. Frito-Lay Today Today, Frito-Lay has more than fifteen $100 million brands: †¢ LAYS †¢ FRITOS †¢ CHEETOS †¢ BAKEN-ETS †¢ RUFFLES †¢ DORITOS †¢ FUNYUNS †¢ TOSTITOS †¢ BAKED LAYS †¢ SUNCHIPS †¢ MUNCHIES †¢ OBERTO †¢ ROLD GOLD †¢ GRANDMAS †¢ Cookies and Quaker Chewy Bars Lays Flavors in Pakistan †¢ Plain Salted French Cheese †¢ Tomato Tango †¢ Masala Lays brand IN Pakistan: 1. Kurkree 2. Lays 3. Cheetos COMPETITOR ANALYSIS Kolson Business Profile: Ever Since its inception in 1942, as on today, Kolson enjoys the distinction of being one of the Pioneer food manufacturing and processing industries in Pakistan. The name of Kolson is synonymous with dynamic and innovative food produ cts. The Philosophy of the company is based on self-commitments to offer consumers greater choice of exclusive quality products. In doing so, the company has, in true sense, evolved its own marketing style to establish a more effective relationship with consumers. Being a food manufacturing company we understand our responsibility to provide consumer high quality products and selection of best ingredients that add to the nutritional value of our products. The whole range of Kolson products is made by using latest German, Dutch, Swiss and Italian etc latest technology and process to back prime raw materials. The raw materials are procured from the leading available sources in Germany, Denmark, Belgium and Nederland etc. The high quality Pakistani wheat products, procured from select bunch of millers, are pivotal in determining the final outcome of high quality products. Products: Kolson is proud to be the pioneer in Pasta production in Pakistan. More than 50 years back nobody c ould think of Pasta as forming a food habit being an absolutely new food concept for populace of Pakistan. At present company is market leader in Pasta products such as Spaghetti, Macaroni, Lasagne, Noodles and Vermicelli. Kolson also has a leading edge in manufacturing breakfast cereals that are innovative and extremely popular among the consumers of all ages. As company hierarchy enters to the third generation, it befittingly coincides with yet another stunning product, an innovative range of high-class Biscuits. Jam Hearts, Cream Hearts, Katch and Bravo, being sandwich, crackers and traditional bakery biscuits respectively which are already fetching consumers’ recognition appreciation because of its unique and smacking flavor and texture. [pic] Chips and Snacks Products [pic] [pic] [pic] [pic] [pic][pic] [pic] [pic][pic] Some of the company snacks and chips are not available in the market as crinkle, twinkle and snackers. Strategies As the global economy is taking a di fferent turn in its outlook and demand, Pakistan cannot afford to lag. Kolson is prepared to accept the challenge to be always one step ahead of changes in offing. This is our simple promise to our die-hard and prospective consumers in Pakistan and abroad. Distribution strategy: The company has the intensive distribution strategy for its products. Normally their products specially chips and snacks can easily available in the market everywhere including all kind of general grocery stores to big retail stores even in small roadside shops. Target Market: Kolson brands appeal to an extraordinarily diverse array of consumers. Our consumer segment starts from as young as one year old who starts developing a taste for snacks and goes all the way up to older age people who consume pasta and breakfast cereals as part of their healthy diet. In consumer promotions, designed to enhance the Kolson image, we therefore, try to satisfy the growing needs of all our target segments. Pricing str ategy: As the company is providing its chips and snacks in all sizes and has intensive distribution strategies therefore the prices are low and competing with their competitors on low cost leadership fundament so that every one can buy it easily. Promotional strategy: The company is aggressive in its promotional strategy as they came up with heavy advertisement campaigns and with the noticeable placement in stores and shops. Super Crisp Company profile: Back in 1982 a business firm was created with the vision to cater to the culinary requirements of the taste buds of the Pakistani nation and at the same time to uphold the qualifications, preconditions and specifications set internationally by the ISO 9001. We commenced with the crunchy product of potato chips of high quality under the brand name of â€Å"Super Crisp†. No doubt the name itself is self-explanatory. Super business profile: The company commands the world’s most advanced and sophisticated processing u nit, custom built for Tripple Em by the leading American manufacturer of fully automatic and computerized snack food plants. The packing system has been provided by a leading Japanese manufacturer renowned for its extremely modern accurate computerized weighing and packing machines. The entire processing machinery is housed in a precision-built, centrally air conditioned premises to meet highest hygienic standards. Highly qualified experienced food technologists are employed to run the plant. The company maintains a most modern research and test laboratory to ensure the highest international standards in quality of the products. Quality of raw materials, efforts and efficiency at Tipple Em enables us to provide the best of tastiest snack food items to you. The company offers a range of snack food items to include Potato Chips, Nimko Mix, Peanuts, corn and potato based extruded products. Nation wide availability of the products is made possible by a vast and effective distributi on network. Products Products that are indirectly in competition with Lays Smart chips: Potato Chips [pic] Natural Potato Chips Plain Salted (15gm Rs 10/-) (25 gm Rs 20/-) [pic]Mr Crips Salty (18gm Rs 20) [pic]Mr Crips Spicy (18gm Rs 20) [pic] [pic] Natural Potato Chips Chilli (15 gm Rs 10/-) [pic] (25 gm Rs 20/-) [pic] Chips Salt Vinegar (40 gm Rs 20/-) [pic] Extrusion Product [pic] Catty Chins (12gm Rs 10/-) [pic] Dino (20gm Rs 20/-) [pic] Rings (15gm Rs 10/-) [pic] Wheelo Pop (15gm Rs 10/-) Strategies Distribution strategy: Super crisp is using intensive distribution strategy for its chips. They are available from small roadside shops to all grocery and big retail stores. Its has various flavors in the market which covers all type of taste and it has a strong distribution channel. Pricing Strategy: Super Crisp had places its prices similar to the other competitors with different size of packing. Super Crisp has targeting all age groups with 15gm of 10 rupees and varies to 40 grams with rupees 20. Promotion Strategy: Super Crisp had aggressively when it was launched. They used television commercials as well as billboards for a long period of time. But now the promotion is limited. Problem Statement: What are the factors which constitute for consumer preference towards Lay`s Chips? † Research Objectives: †¢ To study the trends in snacks industry as a part of food processing industry. †¢ To find out what percentage of population likes to eat snacks. †¢ To find out what percentage of population likes to eat Lay`s Chips. †¢ To find out which flavor of Lay`s is most preferred. †¢ To analyze the reason for the popularity of Lay`s as the most preferred snack. †¢ To know the satisfaction level of people who eat Lay`s. †¢ To find out how much people spend on Lay`s snacks weekly. †¢ To find out conclusions to our results. Research Design: Research design is the basic framework which provides guidelines for the re st of research process. It specifies the methods for data collection and data analysis. The need of the research itself determines the methodology and the design of the research. The following are the components of the research design in our case of study: †¢ Correlation Hypothesis Testing (because we find the important variables or factors that contribute their part in varying consumer preferences towards the defined brand). †¢ Applied Research methodology. †¢ Unit of analysis is â€Å"Sample†. Research methodology: Research method is a process which is used to clear the problem faced by manager in order to take managerial decision. This process is used to solve research question. There are few steps of research methodology namely: 1. Problem identification 2. Literature review 3. Hypothesis development and relevant measures 4. Sample design 5. Data collection process 6. Data analysis 7. Conclusion Problem identification: Problem is a hindrance which manage r is facing in order to get good and timely solution. We started our research in order to get solution of problem bout consumption pattern towards snacks mainly Lays. So our research studies revolve around the topic: â€Å"Consumer preferences towards Lays Chips. † This study will be beneficial for Lays Company, marketer and consumers as well. Literature Review: Snacks are a part of Consumer Convenience/ Packaged Foods segment. Snack is described as a small quantity of food eaten between meals or in place of a meal. Snack food generally comprises bakery products, ready-to-eat mixes, chips, namkeen and other light processed foods Snacks as such are, a very minor part of the food processing industry. Snacks are mostly preferred by children and youngsters to fulfill their appetite for the time being. In this report we intended to find out consumers trends towards Lays and its most favorite flavor among consumers. For this purpose, we focused on competitors strategies to analy ze what Lays should do in order to compete and achieve greatest market share. Hypothesis Development: A. Null Hypothesis: â€Å"Consumers don`t prefer Lay`s Chips† B. Alternate Hypothesis: â€Å"Consumers prefer Lay`s Chips† Sample Design: A sample of 50 individuals is selected randomly over a population. Data Collection Process: There are two major techniques for data collection †¢ Primary data †¢ Secondary Data Primary Data: Primary data would be the main source of information in our research. In research it plays a vital role to get to the stated objectives. Selecting an appropriate research tool to collect the accurate and precise primary data is a preliminary precaution in data measurement. For this purpose, we rely on the well formulated questionnaire. As the accuracy and relevance of data gathered depends heavily on the questionnaire, so we put extra efforts in formulating this tool. Making it sure that it spells out many functions relating to th e respondent. Secondary Data: For every research, secondary data collection is very important. Without it, one thrashes out one’s research project. It solves the problem up to some extent even before research. In our research, secondary data is collected through internet and through consultation with our teachers. ANALYSIS OF DATA In order to extract the meaningful information from the data collected an analysis of data is done using pie charts, bar graphs, chi-squares etc. Hypothesis Development Hypothesis # 1 Q # 1 Do people prefer chips over other snacks? Developing Hypothesis Ho: People don`t prefer chips over snacks. HA: People prefer chips over snacks. Level of Significance 0. 05 Type of Test Chi -square |Options |Fo |Fe |Fo-Fe |(Fo-Fe)2 |(Fo-Fe)2/Fe | |Yes |41 |25 |16 |256 |10. 24 | |No |9 |25 |-16 |256 |10. 4 | |Total |50 |50 |0 |512 |20. 48 | Degree of Freedom DF = k-1 2-1= 1 Critical Value 3. 84 Conclusion Calculated value is greater than the critical value so we reject Ho and accept HA Hypothesis # 2 Q # 4 Which flavour of Lay`s chips people like the most? Developing Hypothesis Ho: There is no relationship between Preference and flavor HA: There is relationship between Preference and flavor Level of Significance 0. 05 Type of Test Chi –square Options |Fo |Fe |Fo-Fe |(Fo-Fe)2 |(Fo-Fe)2/Fe | |Plain Salted |17 |12. 5 |4. 5 |20. 25 |1. 62 | |Masala |15 |12. 5 |2. 5 |6. 25 |0. 5 | |Tangy Tomato |10 |12. 5 |-2. 5 |6. 25 |0. 5 | |French Cheese |8 |12. 5 |-4. |20. 25 |1. 62 | |Total |50 |50 |0 |53 |4. 24 | Degree of Freedom DF = k-1 4-1= 3 Critical Value 7. 82 Conclusion Calculated value is greater than the critical value so we reject HA and accept Ho. Hypothesis # 3 Q # 6 Do big names attached to the product affect your choice? Developing Hypothesis Ho: Big names attached to the product don`t affect consumer`s choice. HA: Big names attached to the product affect consumer`s choice. Level of Significance 0. 5 Type of Test Chi –square |Options |Fo |Fe |Fo-Fe |(Fo-Fe)2 |(Fo-Fe)2/Fe | |Yes |40 |25 |15 |225 |9 | |No |10 |25 |-15 |225 |9 | |Total |50 |50 |0 |450 |18 | Degree of Freedom DF = k-1 2-1= 1 Critical Value 3. 84 Conclusion Calculated value is greater than the critical value so we reject Ho and accept HA. Hypothesis # 4 Q # 12 Do people think it acquires a good name in the market? Developing Hypothesis Ho: People don`t think it acquires a good name in the market. HA: People think it acquires a good name in the market. Level of Significance 0. 05 Type of Test Chi -square |Options |Fo |Fe |Fo-Fe |(Fo-Fe)2 |(Fo-Fe)2/Fe | |Yes |47 |16. 67 |30. 33 |919. 9 |55. 8 | |No |1 |16. 67 |-15. 67 |245. 5 |14. 73 | |Can`t say |2 |16. 67 |-14. 67 |215. 21 |12. 91 | |Total |50 |50 |0 |512 |82. 82 | Degree of Freedom DF = k-1 3-1= 2 Critical Value 5. 99 Conclusion Calculated value is greater than the critical value so we reject Ho and accept HA Hypothesis # 5 Q # 13 Would people suggest others to buy Lay`s chips? Develo ping Hypothesis Ho: People would not suggest others to buy lay`s chips. HA: People would suggest others to buy lay`s chips. Level of Significance 0. 05 Type of Test Chi -square |Options |Fo |Fe |Fo-Fe |(Fo-Fe)2 |(Fo-Fe)2/Fe | |Yes |47 |16. 67 |30. 33 |919. 9 |55. 18 | |No |2 |16. 67 |-14. 67 |215. 21 |12. 91 | |Can`t say |1 |16. 7 |-15. 67 |245. 5 |14. 73 | |Total |50 |50 |0 |512 |82. 82 | Degree of Freedom DF = k-1 3-1= 2 Critical Value 5. 99 Conclusion Calculated value is greater than the critical value so we reject Ho and accept HA. Hypothesis # 6 Q # 14 Are people satisfied with the number of flavours it has provided? Developing Hypothesis Ho: People are not satisfied with the no. of flavors it has provided. HA: People are satisfied with the no. of flavors it has provided. Level of Significance 0. 05 Type of Test Chi –square | |Fo |Fe |Fo-Fe |(Fo-Fe)2 |(Fo-Fe)2/Fe | |Yes |39 |25 |14 |196 |7. 84 | |No |11 |25 |-14 |196 |7. 84 | |Total |50 |50 |0 |392 |15. 68 | Degree of Freedom DF = k-1 -1= 1 Critical Value 3. 84 Conclusion Calculated value is greater than the critical value so we reject Ho and accept HA. Hypothesis # 7 Q # 15 Should Lay`s come up with more flavours? Developing Hypothesis Ho: Lay`s should not come up with more flavors. HA: Lay`s should not come up with more flavors. Level of Significance 0. 05 Type of Test Chi –square | |Fo |Fe |Fo-Fe |(Fo-Fe)2 |(Fo-Fe)2/Fe | |Yes |32 |25 |7 |49 |1. 6 | |No |18 |25 |-7 |49 |1. 96 | |Total |50 |50 |0 |98 |3. 92 | Degree of Freedom DF = k-1 2-1= 1 Critical Value 3. 84 Conclusion Calculated value is greater than the critical value so we reject Ho and accept HA. Hypothesis # 8 Q # 17 Does Lay`s come in a junk food category? Developing Hypothesis Ho: Lay`s come in junk food category. HA: Lay`s doesn’t comes in junk food category. Level of Significance . 05 Type of Test Chi –square | |Fo |Fe |Fo-Fe |(Fo-Fe)2 |(Fo-Fe)2/Fe | |Yes |9 |25 |-16 |256 |10. 24 | |No |41 |25 |16 |256 |10. 24 | |Total |50 |50 |0 |512 |20. 28 | Degree of Freedom DF = k-1 2-1= 1 Critical Value 3. 84 Conclusion Calculated value is greater than the critical value so we reject Ho and accept HA. Hypothesis # 9 Q # 18 Do people think Lay`s chips are healthy to consume? Developing Hypothesis Ho: Lay`s chips are not healthy to consume. HA: Lay`s chips are not healthy to consume. Level of Significance 0. 05 Type of Test Chi –square | |Fo |Fe |Fo-Fe |(Fo-Fe)2 |(Fo-Fe)2/Fe | |Yes |44 |25 |19 |361 |14. 4 | |No |06 |25 |-19 |361 |14. 44 | |Total |50 |50 |0 |722 |28. 88 | Degree of Freedom DF = k-1 2-1= 1 Critical Value 3. 84 Conclusion Calculated value is greater than the critical value so we reject Ho and accept HA. Hypothesis # 10 Q # 21 Are Lay`s chips easily available in your area? Developing Hypothesis Ho: Lay`s chips are not easily available. HA: Lay`s chips are easily available. Level of Significance . 05 Type of Test Chi –square | |Fo |Fe |Fo-Fe |(Fo-Fe)2 |(Fo-Fe)2/Fe | |Yes |44 |25 |19 |361 |14. 44 | |No |06 |25 |-19 |361 |14. 44 | |Total |50 |50 |0 |722 |28. 88 | Degree of Freedom DF = k-1 2-1= 1 Critical Value 3. 84 Conclusion Calculated value is greater than the critical value so we reject Ho and accept HA. Hypothesis # 11 Q # 22 Would people like to entertain their guests with Lay`s Chips? Developing Hypothesis Ho: People would not like to entertain their guests with Lay`s chips. HA: People would like to entertain their guests with Lay`s chips.. Level of Significance 0. 05 Type of Test Chi –square | |Fo |Fe |Fo-Fe |(Fo-Fe)2 |(Fo-Fe)2/Fe | |Yes |46 |25 |21 |441 |17. 4 | |No |04 |25 |-21 |441 |17. 64 | |Total |50 |50 |0 |822 |35. 28 | Degree of Freedom DF = k-1 2-1= 1 Critical Value 3. 84 Conclusion Calculated value is greater than the critical value so we reject Ho and accept HA. Data Collection †¢ Close ended and open ended Questionnaires from general public. Data Analysis We have collected scientific data from general people, by que stionnaires. After that we have analyzed the data by using statistical tools i. e. averages, percentages and proper graphical presentation of data has been applied. We have chosen the new technique to present the data analyzed through charts and graphs. This will make the whole analysis easy to understand and attractive. Q # 2 When do people prefer snacks time in a day? |Options |Frequency |Percentage |Cumulative percentage | |Morning |2 |4% 4% | |Afternoon |15 |30% |34% | |Evening |32 |64% |98% | |Night |1 |2% |100% | The GRAPHICAL REPRESENTATION of this Question is as follows: [pic] The graphical presentation shows that majority of people prefer snacks in evening. Q # 3 Which chips do people prefer most? The following is the frequency distribution of the people`s preference to the varieties of Lay`s chips. Options |Frequency |Percentage |Cumulative percentage | |Cheetos |6 |12% |12% | |Kurkure |14 |28% |40% | |Lay`s flavored |25 |50% |90% | |Bingo |3 |6% |96% | |Any other |2 |4% |100% | [pic] The graphical presentation shows that majority of people prefer lay`s flavored chips and the second most preferable choice is kurkure chips. Q # 5 On which places it got maximum consumer? Options |Frequency |Percentage |Cumulative percentage | |Colleges |17 |34% |34% | |Railway stations |1 |2% |36% | |Bus stops |1 |2% |38% | |Public places |31 |62% |100% | The GRAPHICAL REPRESENTATION of this Question is as follows: [pic] The chart shows that Lay`s got maximum consumers at public places and in colleges. Q # 7 What compels consumers to consume it? |Options |Frequency |Percentage |Cumulative percentage | |Brand Name |7 |14% |14% | |Quality |21 |42% 56% | |Varieties |16 |32% |88% | |Price |6 |12% |100% | |Any other |0 |0% |100% | The GRAPHICAL REPRESENTATION of this Question is as follows: [pic] The graphical presentation shows that most of the people consume the defined product due to its quality and varieties which it offers. Q # 8 How would people rate it as a pro duct? Options |Frequency |Percentage |Cumulative percentage | |Excellent |12 |24% |24% | |Good |36 |72% |96% | |Average |2 |4% |100% | |Poor |0 |0% |100% | The GRAPHICAL REPRESENTATION of this Question is as follows: [pic] The graphical presentation shows that most of the people rated the product good. Q # 9 What size of product people prefer the most? Options |Frequency |Percentage |Cumulative percentage | |Rs. 05 |8 |16% |16% | |Rs. 10 |34 |68% |84% | |Rs. 20 |8 |16% |100% | The GRAPHICAL REPRESENTATION of this Question is as follows: [pic] The results of the above analysis show that majority of people prefer Lay`s chips pack of Rs. 10. Q # 10 How often people consume the product? Options |Frequency |Percentage |Cumulative percentage | |Very often |35 |70% |70% | |Often |9 |18% |88% | |Sometimes |6 |12% |100% | |Rarely |0 |0% |100% | |Never |0 |0% |100% | The GRAPHICAL REPRESENTATION of this Question is as follows: [pic] The results of the analysis show that 70% of people consume the product very often. Q # 11 Which members of the family prefer Lay`s chips? Options |Frequency |Percentage |Cumulative percentage | |Children |18 |36% |36% | |Parents |0 |0% |36% | |Grandparents |0 |0% |36% | |All |32 |64% |100% | The GRAPHICAL REPRESENTATION of this Question is as follows: [pic] The results of the analysis show that 64% of the total sample prefers Lay`s chips and out of 100%, 36% children like it. Q # 16 What are the people`s sources regarding the purchase of Lay`s chips? Options |Frequency |Percentage |Cumulative percentage | |Advertising |25 |50% |50% | |Live Demonstration |1 |2% |52% | |Retail Outlets |6 |12% |64% | |Home shopping |18 |36% |100% | [pic]The results of the analysis reveal that half of the sample from the population`s information regarding the purchase of the product is advertising. Q # 19 What is the most important thing people look for in a snack? Options |Frequency |Percentage |Cumulative percentage | |Taste |12 |24% |24% | |Flavor |11 |22% | 46% | |Health |22 |44% |90% | |Brand Name |5 |10% |100% | The GRAPHICAL REPRESENTATION of this Question is as follows: [pic] The results of the analysis reveal that majority of people choose snacks because of healthy ingredients in it. Q # 20 Other than the product, what influences people when buying a snack? Options |Frequency |Percentage |Cumulative percentage | |Word of Mouth |7 |14% |14% | |Advertisements |16 |32% |46% | |Offers/discounts |12 |24% |70% | |Sales/service |15 |30% |100% | The GRAPHICAL REPRESENTATION of this Question is as follows: [pic] Threats to Validity: †¢ Respondents may not give us the exact information in the questionnaire due to the lack of interest. Due to controversial topic respondent may have provided the biased information. Conclusion: This is the report about Lay’s its products and its competitors. Although Lay’s is a leading company in snacks, but there is always a room for improvement. So Lays should improve its quality so that i t can succeed to grasp more consumers’ attention. In this report we intend to identify the consumer trends towards Lays and its competitor’s strategies to improve its market share. In addition Lays Company Should introduces some new flavors in Pakistan which are not currently available here but are available in other countries like in India. We hope you will find this report best for analysis of Lays performance. References: During the research process, besides our practical research, we also have consulted some books about our practical research for the preparation of this report in an effective manner. A list of all references, which has been consulted and the data has been derived from, are given as under: ? Class Notes by Miss Zainab Rehman, during our class lectures ? Field surveys through which data has been collected from different types of questionnaires and different areas of Multan ? https://www. lays. com ? https://en. wikipedia. org/wiki/Lays Appendices: Q1. Do you prefer chips over other snacks? a. Yes b. No Q2. When do you prefer snacks time in a day? a. Morning b. Afternoon c. Eveningd. Night Q3. Which Chips do you prefer? a. Cheetos b. Kurkure c. Lays flavored chips d. Bingo e. Any other Q4. Which flavor do you like most? a. Plain salted b. Masala c. Tangy tomatod. French Cheese Q5. On which places it got maximum consumer? a. In colleges. b. Railway station c. Bus stopd. Public places Q6. Do big names attached to the product affect your choice? a. Yes b. No Q7. What compels you to consume it? a. Brand name b. Quality c. Varietiesd. Price e. Any other Q8. How would you rate as a product? a. Excellentb. Good c. Averaged. Poor Q9. What size you prefer most? a. Rs. 05b. Rs. 10 c. Rs. 20 Q10. How often you consume it? a. Very oftenb. Often c. Sometimesd. Rarely e. Never Q11. Who in your family prefer lays? a. Childrenb. Parents c. Grandparents d. All Q12. Do you think it acquire a good name in the market? a. Yes b. No c. Canâ €˜t say Q13. Would you suggest other person to buy lays chips? a. Yes b. No c. can’t say Q14. Are you satisfied with the number of flavors it has provided? a. Yes b. No Q15. Do you think lays should come up with more flavors? a. Yes b. No Q16. What is your source of information regarding the purchase of it? a. Advertising b. Live demonstration c. Retail outlets d. Home shopping Q17. Does Lays come in a junk food category? a. Yes b. No Q18. Do you think it is healthy to consume? a. Yes . No Q19. What is the most important thing you look for in a snack? a. Taste b. Flavor c. Health d. Brand Name Q20. Other than the product, which of the following most influence you when buying a snack? a. Word of Mouth b. Advertising c. Offers/discounts d. Sales/service Q21. Are Lay`s Chips easily available in your area? a. Yes b. No Q22. Would you like to entertain your guests with Lay`s Chips? a. Yes b. No 3. 84 20. 485 4. 24 7. 82 3. 84 18 82. 82 5. 99 82. 82 5. 99 15. 68 3. 84 3. 92 3. 84 20. 28 3. 84 3. 84 28. 88 28. 88 3. 84 35. 28 Don’t waste time! Our writers will create an original "Consumer Preferences Towards Lays Chips" essay for you Create order