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Thursday, May 7, 2009

Factors affecting Customer Oscillation

When a customer oscillates from one product/service to another it affects the market in two different planes.

1. From the Manufacturer prospective
2. Competitors Prospective

Manufacturer’s prospective:

If the manufacturer gets regular feedback about it’s product/service share from the market any variation in market shares gives an indication that customer is oscillating in their specified product/service offerings. This oscillation should be recorded properly with following particulars:
















S. No.
Product/Service
Region/Demography
Date/Month
Remarks/Reason

 


Mention the product/service with all possible details not just the product/service line for e.g., Ice cream (500 gms pack Vanilla Flavor) in Combo offer with 300 ml Cold drink Maaza


Mention the zone, city & name of outlet with address as per the Market mapping for e.g., West Zone, Mumbai, D’mart (Malad)


2nd week may 2009


Mention the possible reason of oscillation and remarks in details for e.g., summer vacation and marriage season. Lot of marriage lawns and residential locality in surrounding areas




Competitors Prospective:

In today’s competitive market environment a buyer has many options to choose. All most all professionally managed company’s keeps a regular track of the market feedback analysis on regular intervals. The feedback data not only includes the details of their product/service offerings but competitive product/service availability in the market. These competitive product/service supports triggering the oscillation process.

Once the Oscillation process is triggered every company offering the similar product/service wants to take advantage of it by bringing that particular buyer in their favor. This is also a chance for the competitors to keep that buyer with them as log as possible thus increasing the market share of their product /service.

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