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To Know the Awareness Level among the Customers towards Brands of Consumer's Goods: A Study Carried out at Bhiwani District


Affiliations
1 Institute of Management Studies and Research, Maharishi Dayananda University, Rohtak, Haryana, India
     

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The Indian Fast Moving Consumer Goods (FMCG) industry began to shape during the last fifty odd years. The FMCG sector is a corner stone of the Indian economy. This sector touches every aspect of human life. Indian FMCG market has been divided for a long time between the organized sector and the unorganized sector. Unlike the US market for FMCG which is dominated by a handful of global players, India's Rs. 460 billion FMCG market remains highly fragmented with roughly half the market going to unbranded, unpackaged home-made products. This presents a tremendous opportunity for makers of branded products who can persuade consumers to buy branded products. Globally, the FMCG sector has been successful in selling products to the lower and middle income groups, and the same is true in India. Over 70 percent of sales are made to middle class households today and over 50 percent is in rural India. The sector is excited about a burgeoning rural population whose income is rising and which is willing to spend on goods designed to improve lifestyle. Also with a near saturation and cut throat competition in urban India, many producers of FMCGs are driven to chalk out bold new strategies for targeting the rural consumer in a big way. Moreover, the arrival or existence of these goods must be known to consumer so that they can take interest and if found suitable to their needs and wants, they may go for ultimate purchase. The only way to reach this objective advertising is the dire need because; advertising is a mirror of society, reflecting people tastes habits and desires. Advertising is used for commercial purposes. Advertising today is used by everyone whether he is an individual, group, a company, a service organization, government and or social, non-commercial organization. It is advertising that keeps media independence align. Ad money pumps life into newspapers, magazines, and radio and television stations. Without this money, the media would depend upon government or on political parties having vested interests for survival and would lose its freedom. Advertising gives the public the right to choose between many options, many brands

Keywords

Awareness Level, Customers Goods
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  • To Know the Awareness Level among the Customers towards Brands of Consumer's Goods: A Study Carried out at Bhiwani District

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Authors

Sonia
Institute of Management Studies and Research, Maharishi Dayananda University, Rohtak, Haryana, India

Abstract


The Indian Fast Moving Consumer Goods (FMCG) industry began to shape during the last fifty odd years. The FMCG sector is a corner stone of the Indian economy. This sector touches every aspect of human life. Indian FMCG market has been divided for a long time between the organized sector and the unorganized sector. Unlike the US market for FMCG which is dominated by a handful of global players, India's Rs. 460 billion FMCG market remains highly fragmented with roughly half the market going to unbranded, unpackaged home-made products. This presents a tremendous opportunity for makers of branded products who can persuade consumers to buy branded products. Globally, the FMCG sector has been successful in selling products to the lower and middle income groups, and the same is true in India. Over 70 percent of sales are made to middle class households today and over 50 percent is in rural India. The sector is excited about a burgeoning rural population whose income is rising and which is willing to spend on goods designed to improve lifestyle. Also with a near saturation and cut throat competition in urban India, many producers of FMCGs are driven to chalk out bold new strategies for targeting the rural consumer in a big way. Moreover, the arrival or existence of these goods must be known to consumer so that they can take interest and if found suitable to their needs and wants, they may go for ultimate purchase. The only way to reach this objective advertising is the dire need because; advertising is a mirror of society, reflecting people tastes habits and desires. Advertising is used for commercial purposes. Advertising today is used by everyone whether he is an individual, group, a company, a service organization, government and or social, non-commercial organization. It is advertising that keeps media independence align. Ad money pumps life into newspapers, magazines, and radio and television stations. Without this money, the media would depend upon government or on political parties having vested interests for survival and would lose its freedom. Advertising gives the public the right to choose between many options, many brands

Keywords


Awareness Level, Customers Goods