Group Members Molla Ashiqul Haq 123-013-1660 Shohan Akon Sunny 123-111-2060 Mofakkir Hossain Chowdhury 123-103-9060 Nazmul Islam 123-126-0660 Md. Fazle Rabbi 123-124-8060
Submitted to Dr. Deena P. Forkan Faculty of English Department North South University
BUS 500, Sec: 02 Communication Skills for Managers Date of Submission 16 th November, 2012 Research Proposal
Introduction: This research will attempt to study the Consumer Preference Towards MOJO. It is a brand of Akij Food and Beverage Ltd., a sister concern of Prominent Group of Companies of Bangladesh, Akij Group. In the year 2007, MOJO was the market challenger in Bangladeshi cola market with a sales of about 52 crores BDT. The brand was launched in 14 th April, 2005 targeting the youth of Bangladesh who like the Bangladeshi trends. All these years MOJO is operating satisfactorily in the market place and competing well with other competitors. People prefer MOJOs pricing but it needs to improve its image in status and quality issues. However, still now MOJO has the chance to recover its own position because target customers are potential and have not lost their belief structure for MOJO. After figuring out the consumer preferences towards MOJO through the research, we will suggest some recommendations to improve the MOJOs preferences among the consumers. We will do the test marketing mix of the particular brand of Akij Food & beverage Industry which is MOJO. As we have mentioned before that Akij Group has many different brands in From: i) Molla Ashiqul Haq 123-013-1660 ii) Shohan Akon Sunny 123-111-2060 iii) Mofakkir Hossain Chowdhury 123-103-9060 iv) Nazmul Islam 123-126-0660 v) Md. Fazle Rabbi 123-124-8060
To: Dr. Deena P. Forkan. Date: 16 th November, 2012 RE: Proposal to do a research paper on Consumers Preferences Towards MOJO their Food & Beverage Industry, but we have chosen MOJO, the cola drink, as our particular brand since compared to other brands it is most popular and extensive. Our motive is to test the consumers responses towards this brand and the current market standing of the brand. We have further narrowed down the topics as for testing the marketing mix of MOJO brand. Areas to be Studied: In our research we are going to examine to what extent the consumer value the Mojo drink. As we know that there are 4Ps in the marketing mix and hence we will evaluate the MOJO brand according to the marketing mix of 4Ps. To do so, we will be looking for the answers of these areas: 1 Product: Quality; Color attractiveness; Logo; Brand Image. 2 Price: Whether the price of MOJO brand is affordable or not. 3 Place: Whether it is available in the market or not. 4 Promotion: Advertising; Discount; Sponsored Program; Environmental Responsibility. Literature Review In this research, we are focusing on conclusive research. We are going to make a conclusion over the consumer preference trends towards MOJO. The conclusive type of research gives some sort of conclusion to the research. Conclusive research is based on large, representative samples and the data obtained are subjected to quantitative analysis. This type of research is more formal and structured. The objective of conclusive research is to test specific hypotheses and examine specific relationships. The findings or results from this type of research are generally used as input into managerial decision making. Sampling is one of the basic components of research process. Sampling means the selection of the observation to get some idea about a population. Sample means a subgroup of the population selected for participation in the study. And population means the aggregate of all the elements that share some common characteristics and that comprise the universe for the purpose of marketing research problem. Sample elements are the objects that possess the information sought by the researchers and about which conclusions are made. Sampling unit is the element that is available for selection at some stage of the sampling process. And sampling frame means a representation of the elements of the target population consisting of a list of directions for identifying the target population. Sample size is also important in sampling. Sample size is the number of units to be included in the study. We did not find any research study available on the selected topic, so that makes us first to do such kind of research. But relative studies were found regarding the soft drink products of different markets. We hope to follow the theories and findings of those researches. An we hope our particular study will help to give a clear image of MOJO brand in current age. Hypothesis: H1: Consumers of Bangladesh are now showing more interest towards deshi brand MOJO rather than other foreign cola drinks. Methodology: I) Primary Data Collection Questionnaire Design A questionnaire will be developed based on the Servuction model. The model will included questions covering inanimate environment, contact personnel, service provider, rules and regulations. A Likert scale can be used to question the respondents on the five point scale. The respondents will be asked to rate on the scale between Strongly Agree and Strongly Disagree.
Data Collection Method
Questionnaire survey will be used to collect the data. The questionnaire will be pre-tested in order to maintain proper wording, length and sequencing of the questions. The data will be collected from the young generation who actually consume a large amount of soft drinks and convey different opinion about them (students of the NSU) and different retailers who finally sell the product to consumers.
Sample Selection
To select the sample we will use non-probabilistic sampling method and which is convenient sample. A sample size of 50 respondents will be used to conduct the research.
II) Secondary Data Collection For our secondary data, we are planning to use the resources of the newspaper archives at the library. For searching the internet we will use standard search engines like Google and Yahoo as well as the websites of Statistical Bureau and other relevant organization. Timetable: We hope to finish our primary field data collection and secondary data collection by November 15 th . From then through November 30 th , we hope to work on analysis of the collected data and finding some meaningful output of our paper. We plan to submit the final copy on December 14 th . Request for Approval: We hereby request you for your approval on our research proposal. Any suggestions or recommendations from you regarding the proposal of the research will help us to conduct the research appropriately. We hope this research will help us to know about whether consumers actually prefer the Mojo brand and why.