Preview

light motor vehicles

Powerful Essays
Open Document
Open Document
2341 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
light motor vehicles
1.1 INTRODUCTION
It is a true fact that if the customers are satisfied then the recommended to others. Word of mouth and customer satisfaction play a very important role in determining market perception about automobiles. Market perception determines the success of a company and so it is very important for the car manufacturers to measure the “willingness of existing users of a product to recommend it to others”. Car is one of the products which is purchased most significantly by Indian households.
“What makes the perfect car that influence willful purchase?”
The project highlights the factors that influence the buying decision of a consumer.
The factor under consideration would be:
Price
Income of the consumer
Features in the car
Safety standard
Warranty scheme
Finance facility

Customer satisfaction index: some of the most advance thinking in the business world recognizes that customer relationships are best treated as assets, and that methodical analysis of these relationships can provide a road map for improving them.
“If you cannot measure it, you cannot improve it.” – Lord William Thomson Kelvin (1824-1907)
There is obviously a strong link between customer satisfaction and customer retention. Customer’s perception of service and quality of product will determine the success of the product or service in the market.
Customer expectations are the customer-defined attributes of your product or service. We cannot create satisfaction just by meeting customer’s requirements fully because these have to be met in any case. However falling short is certain to create dissatisfaction.
Major attributes of customer satisfaction can be summarized as:
Product quality
Product packaging
Keeping delivery commitments
Price
Responsiveness and ability to resolve complaints and reject reports
Overall communication, accessibility and attitudes

For the purpose of the project, the researcher has undergone through
Surveying

You May Also Find These Documents Helpful

  • Powerful Essays

    Hsa 505 Assignment 3

    • 2334 Words
    • 10 Pages

    In any kind of business, a customer is always considered as the greatest asset. No business can survive without customers. This is the reason why businesses, organisations and companies must ensure that they win the attention of their customer through the use of customer satisfaction strategies. There are many different ways in which customers can be attracted and retained. One of the most common ways is through offering goods and services which are of high quality to the customers. Customers are always on the lookout for business persons who can offer them value for their money.…

    • 2334 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    In a competitive marketplace where businesses compete for customers, customer satisfaction is seen as a key differentiator and increasingly has become a key element of business strategy.…

    • 1754 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    VBD Brief

    • 686 Words
    • 3 Pages

    Hallowell, R. (1996). The relationships of customer satisfaction, customer loyalty, and profitability: an empirical study. International journal of service industry management, 7 (4), p. 27-42.…

    • 686 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Chapter 10

    • 265 Words
    • 1 Page

    5. Customer retention involves conveying to the customer that they are more than just a business contact.…

    • 265 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Excellence in customer service is the objective of all organisations wishing to be successful. However, there is often a gap between customer expectations and management perceptions of customer expectations. Organisations often fail to get close to their customers and correctly read their expectations.…

    • 2186 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    If a customer is satisfied that means that a product of service has met his expectations and that he was not dissatisfied by it. Customer satisfaction is doubtlessly very important, and it is the precondition for repeat purchases and it prevents the customer from telling others about his disappointing experiences. A loyal customer, however, is more than a customer who frequently purchases from a company. Any serious effort to manage customer perceptions starts with a good measurement system. Companies must be truly willing to look at the whole process of interaction through the customers eyes.…

    • 454 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Tesco - Customer Service

    • 1606 Words
    • 7 Pages

    Today's world competition is very strong in every kind of businesses. Every organisations must provide high quality products or services in order to survive, however their competitors also providing the same or comparable products or services. An important way to an organisation to get an edge over its competitors is to provide extra service to satisfy and delight their customers, which can retain them and also gain new customers. Therefore the achievement of customer satisfaction must be a major objective in all organisations.…

    • 1606 Words
    • 7 Pages
    Good Essays
  • Better Essays

    Red Cross

    • 1179 Words
    • 5 Pages

    Customer satisfaction- one of the most important factors in successful business strategy. A company must also seek to develop long-term relationships with customers and its shareholders.…

    • 1179 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    The Best Customer Service

    • 344 Words
    • 2 Pages

    Customer expectations and satisfaction are closely related. Customers feel less satisfied when they expect something from a company but do not get what they expected. On the other hand, if they have low expectations of a company and are pleasantly surprised, they may feel more satisfied than if they had high expectations and feel they have been let down. Interestingly, companies are not always able to accurately predict what customers will expect from them, and systems of gathering and analyzing feedback are typically important.…

    • 344 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Kano Model

    • 4542 Words
    • 19 Pages

    Which products and services can be used to obtain a high level of customer satisfaction? Which product features have a more than proportional influence on satisfaction, and which attributes are an absolute must in the eyes of the customer? So far customer satisfaction was mostly seen as a one-dimensional construction - the higher the perceived product quality, the higher the customer’s satisfaction and vice versa. But fulfilling the individual product requirements to a great extent does not necessarily imply a high level of customer satisfaction. It is also the type of requirement which defines the perceived product quality and thus customer satisfaction. Departing from Kano’s model of customer satisfaction, a methodology is introduced which determines which influence the components of products and services have on customer satisfaction. The authors also demonstrate how the results of a customer survey can be interpreted and how conclusions can be drawn and used for the management of customer satisfaction is demonstrated. Kano’s model of customer satisfaction In his model, Kano (Kano, 1984) distinguishes between three types of product requirements which influence customer satisfaction in different ways when met: Must-be requirements: If these requirements are not fulfilled, the customer will be extremely dissatisfied. On the other hand, as the customer takes these requirements for granted, their fulfillment will not increase his satisfaction. The must-be requirements are basic criteria of a product. Fulfilling the must-be requirements will only lead to a state of "not dissatisfied". The customer regards the must-be requirements as prerequisites, he…

    • 4542 Words
    • 19 Pages
    Powerful Essays
  • Powerful Essays

    Customer Service Essay

    • 2399 Words
    • 10 Pages

    However, this process is not as easy as it sounds – customer expectations are a dynamic feature that ebbs and flows regularly in accordance with a wide range of factors. However, when expectations are not met by the performance of your customer service representatives, customer dissatisfaction is the result.…

    • 2399 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Purchasing a new or used car has become must easier and fulfilling with the use of the internet. The internet is an open door resource to the car buyers where they can research dealer inventories, actual costs, consumer reports, and so much more. With this information, a buyer can be more prepared when walking through the doors of a dealership. Having the knowledge of how much a dealer has paid for the car immediately allows the consumer to gauge if the dealer’s offer…

    • 1202 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Sales Promotion

    • 1379 Words
    • 6 Pages

    3. Explain the interrelation between customer value, satisfaction, trust and retention. Also explain why customer retention is essential?…

    • 1379 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Gnfh

    • 1486 Words
    • 6 Pages

    5. People prefer diesel cars over petrol just because of the price difference even when it is not viable to them that is why companies now give suggestions to customer to make the right choice.…

    • 1486 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    switching cost

    • 29075 Words
    • 200 Pages

    The Influence of Customer Satisfaction and Switching Costs on Customer Retention: A Survey of Retail Internet Banking Users in Hong Kong WONGChjBo BSc(Hons), MBA, MA, MSc Student ID No. 9911675L International Graduate School of Management Division of Business and Enterprise University of South Australia A Thesis submitted in total fulfillment of the requirements for the degree of Doctor of Philosophy in Business and Management 24 January 2005 TABLE OF CONTENTS Page No. TITLE PAGE…

    • 29075 Words
    • 200 Pages
    Good Essays