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PAF-KARACHI INSTITUTE OF
   ECONOMICS & TECHNOLOGY




                                          Brand Equity Of
Course Facilitator: Sir Rizwan Farooqui   Shan & National
           Class ID # 55488               Masalah
                                          Final Project (Fall 2011)
     Group Participants:
     Toufeeq Ahmed (55302)                Application of Statistics &
     Sadia Iftikhar (55502)               Inferences Tools
     Abdul Waseem (55475)
     Nazakat Ali (55447)
     Javed Mehmood (55286)                Charlie Group
INTRODUCTION


Problem Statement               Objectives
This research is based on      To identify the market
the five tested and             leader in Recipe
                                Masala Mix and its
validated constituents of       benefits
brand equity. The current
                               To examine the most
issue contains the brand        successful        Recipe
image / equity and              Masala
marketing mix of Recipe        To compare the Brand
Masala Mix.                     image, Brand loyalty
                                and brand usage of
                                Shan & National
                               To     investigate   the
                                customer loyalty and
                                satisfaction with brand
METHODOLOGY



   Target Population: Females of age 18 to 54 years

   Sampling Technique: Simple Random Sampling

   Sample Size: 80 females of different areas of Karachi
                 who use Recipe Mix Masala

   Interviewing Methodology: close ended Questionnaire

   Hypothesis:

       Shan is the market leader in recipe Masala Mix
        industry with strong brand image and brand usage.
       Biryani Recipe Masala has more usage rate than
        other recipe Masala
BRAND AWERNESS/ RECALL



   When do you hear the word “Recipe Mix
   Masala” which brands can you easily recalls?


                 Recall
 S. No. Brand     Frequency   Percentage
    1 Shan           37         46.3%
    2 National       10         12.5%
    3 Both           33         41.3%
        Total        80

Comment:
46.3% customers can recall Shan more easily as compare to National 12.5%, but
41.3% customers can recall Shan and National both.
BRAND AWERNESS/ RECALL

On the basis of above data researcher claim that recall of Shan masala is greater than
National. Is there enough evidence to support the claim at α = 0.05 and also fine 95%
confidence interval for the difference of proportions.
Solution:

   n1        80    n2      80
                                     Step 4: Reject the null hypothesis, because when
            0.46          0.12
                                     we draw the graph, the calculated z value falls
            0.29          0.71       in the critical region
            0.54          0.88
                                                    (it is just a sample graph)
Step 1:
H0: p1 = p2
H1: p1 > P2

Step 2:
Since α = 0.05 Critical
Value are 1.65




                                 Step 3: If we put the all values in the above mention formula then we
                                 find that Calculated Z Value is 4.7 that is greater than Critical value.
BRAND AWERNESS/ RECALL



Step 5: It is concluded that there are not enough evidence to accept the null hypothesis
that P1 is equal to P2. So we will accept the alternative hypothesis that P1 is greater than P2.

Estimation of Two proportions:




If we put the values in the above mention formula of Estimation for the difference of two
proportions then we find that 0.21 < P1 –P2 < 0.47
Since 0 is not contained in the interval, the decision is to reject the Null hypothesis.

Comment:
From hypothesis testing it is prove that Shan has better recall than National. Possible reason
could be that people like the taste of Shan and use it more than national or it could be
possible that advertisements and promotional campaign of Shan is more better and
stronger than National.
BRAND USAGE


  Which Brand of Recipe Mix Masala do you
  use most?

               Brand Usage
 S. No. Brand Frequency        Percentage
    1    Shan        55          68.8%
    2 National       23          28.8%
    3    Both         2           2.5%
        Total        80


Comment:
68.8% people are user of Shan and 28.8% of National, only 2.5% use both brands.
BRAND USAGE

Researcher found that 55 out of 80 randomly selected women use Shan masala and 23 out
of 80 randomly selected women use National masala
1. Is there a significant difference in the proportions at the 0.05 significant level?
2. Also find the 95% confidence of interval for the difference of proportions.

       n1      80      n2       80
              0.68             0.28
              0.48             0.52
              0.32             0.72
Step 1:
      H0: p1 = p2
      H1: p1 ≠ P2
Step 2:
Since α = 0.05 Critical Value are ± 1.96
Step 3:


                                                                    RESULT
                                                        Z Calculated Value         5.5258
                                                        Two-tailed P-Value        < 0.0001
                                                           95% confidence intervals
                                                         Maximum/ upper            0.5419
                                                          Minimum/ lower           0.2581

                                           The two samples are significantly different.
BRAND USAGE

  Step 4: Reject the null hypothesis, since the calculated z value falls in the critical
  region .

                                (it is just a sample graph)




                              2.5%                            2.5%


                                     -1.96             1.96

Step 5: It is concluded that there are not enough evidence to accept the null
hypothesis because Z calculated value falls under rejected region.

Comments:
From hypothesis testing and confidence interval it is prove that there is a significant
difference between proportions of Shan and national. And if we see the percentage of
usage rate, we conclude that Shan has more customer as compare to national.
Following could be reasons of this
1. Better taste of Shan as compare to National
2. Better technology (Shan is using V lock technology that helps to keep the freshness
   and taste of masala inside and protect it from humidity)
3. Same price
4. Shan has more variety of recipe mix
BRAND IMAGE


    Which Brand of Recipe Mix Masala do you
    consider as the market leader ?

              Successful Brand
  S. No. Brand Frequency Percentage
     1 Shan              58    72.5%
     2 National          17    21.3%
     3 Both              5      6.3%
         Total           80


Comments:
72.5% customers consider Shan as a market leader in recipe mix industry and 21.3%
customers consider National, whereas 6.3% customers consider both Shan and
National as market leader.
BRAND IMAGE

72% women of a sample 80 consider the Shan masala as a market leader and 17 out of 80
women consider the National as a market leader of Recipe mix. Is there a significant
difference in the proportions of two samples. Also find the 95% confidence interval for Shan
masalah..
Solution:                                  Step 4: Reject the null hypothesis, since the calculated z
                                           value falls in the critical region (it is just a sample graph)
    n1       80        n2        80
            0.72                0.21
            0.46                0.54
            0.28                0.79
Step 1:
                                                           2.5%                               2.5%
      H0: p1 = p2
      H1: p1 ≠ P2                                                 -1.96                1.96
Step 2:
Since α = 0.05 Critical Value are ± 1.96
Step 3:                                            Step 5: It is concluded that there are not
                                                   enough evidence to accept the null
                                                   hypothesis that P1 is equal to P2. So we will
                                                   accept the alternative hypothesis that P1 is
                                                   not equal to P2.



                                             If we put the all values in the above mention formula then we
                                             find that calculated z value is 6.47 that is greater than Critical
                                             value.
BRAND IMAGE


Estimation for Shan:
As we have to calculate the confidence of interval just for Shan masala so here we will
use single proportion formula for estimation i.e.




 Solution:                              Comments:
                                        From hypothesis and confidence interval it can be concluded that
   n          80                        most of people consider the Shan as a market leader. It is because
             0.72                       from above two question questions we have concluded that shan
             0.28                       has better recall and usage rate as compare to national. We have
   α         0.05                       studied in marketing “the brand that has more consumers will be
                                        the market leader”.




       If we Put all these values in formula we get answer 0.62 < P < 0.82
       Therefore, one can say with 95% confidence that true percentage of people
       who consider shan as a market leader is between 62% and 82%.
SUCCESSFUL PRODUCT


   Which Product/ Recipe do you use most?


           Successful Recipe               50
 S. No. Product Frequency Percentage       40
    1 Biryani         41     51.2%         30
    2 Qorma           14     17.1%         20
                                           10
    3 Nihari          10     12.2%
                                            0
    4 Karahi           9     11.4%
    5 Other            7     8.1%
         Total        80


Comment:
Biryani Masala is number one with the usage rate 51.2%, Qorma on 2nd with
17.1%, Nihari on 3rd with 12.2%, Karahi on 4th with 11.4%, and usage of other
Masala is 8.1%.
SUCCESSFUL PRODUCT

It is Claim that biryani masala is the most successful product of recipe mix with the usage
rate at least 50% as compared to other recipe masala. A Sample of 80 randomly
selected women was asked about most consumable Masala, in which 41 answered with
Biryani masala. At α = 0.05 test the claim that biryani masala has usage rate at least 50%.
Solutions:
   n      80
         0.51
         0.49
   p      0.5
   q      0.5
   α     0.05

Step 1: H0: p ≥ 0.5
         H1: p < 0.5
Step 2: since α = 0.05 critical value is 1.65
Step 3: put all the above mention values in the following formula




Then z calculated = 0.090
Step 4: Accept the null hypothesis, since the calculated z value falls in
non-critical region (it is just a sample graph)
SUCCESSFUL PRODUCT

  Step 5: It is concluded that there are enough evidence to accept the null hypothesis
  that usage rate of biryani masala is greater than or equal to 50%
 Estimation:

                                            0.40 < p < 0.69


Put the values in the above mention formula to calculate the 95% confidence interval.

  Hence one can say with 95% confidence that true percentage of biryani masala consumption
  is 40% and 69%.


  Comments:
  From hypothesis testing and confidence interval we can conclude
  that biryani masala is more successful product among all other
  recipe mix masala. Reason could be that people like rice dishes
  more as compare to other dishes. There could be one more reason
  that sample data was collected from different areas of Karachi.
  And we know that Karachi weather is different from other cities and
  it is an urban city where most of work done is in offices. So it could
  be possible that Karachi people prefer rice as they are light and
  digest easily. It could be possible if we survey to other cities of
  Pakistan, people may not like biryani or rice dishes.
Conclusion of the Research
From all above data and analysis we can easily
conclude that Shan better recall and consumption rate
due to its taste and products variety. And because of
this people consider it as a market leader as well.
Regarding products range, we can conclude that
Biryani Masala is most successful product.
Questions
Brand Equity Analysis of Shan and National Recipe Masala Mix

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Brand Equity Analysis of Shan and National Recipe Masala Mix

  • 1. PAF-KARACHI INSTITUTE OF ECONOMICS & TECHNOLOGY Brand Equity Of Course Facilitator: Sir Rizwan Farooqui Shan & National Class ID # 55488 Masalah Final Project (Fall 2011) Group Participants: Toufeeq Ahmed (55302) Application of Statistics & Sadia Iftikhar (55502) Inferences Tools Abdul Waseem (55475) Nazakat Ali (55447) Javed Mehmood (55286) Charlie Group
  • 2. INTRODUCTION Problem Statement Objectives This research is based on  To identify the market the five tested and leader in Recipe Masala Mix and its validated constituents of benefits brand equity. The current  To examine the most issue contains the brand successful Recipe image / equity and Masala marketing mix of Recipe  To compare the Brand Masala Mix. image, Brand loyalty and brand usage of Shan & National  To investigate the customer loyalty and satisfaction with brand
  • 3. METHODOLOGY  Target Population: Females of age 18 to 54 years  Sampling Technique: Simple Random Sampling  Sample Size: 80 females of different areas of Karachi who use Recipe Mix Masala  Interviewing Methodology: close ended Questionnaire  Hypothesis:  Shan is the market leader in recipe Masala Mix industry with strong brand image and brand usage.  Biryani Recipe Masala has more usage rate than other recipe Masala
  • 4. BRAND AWERNESS/ RECALL When do you hear the word “Recipe Mix Masala” which brands can you easily recalls? Recall S. No. Brand Frequency Percentage 1 Shan 37 46.3% 2 National 10 12.5% 3 Both 33 41.3% Total 80 Comment: 46.3% customers can recall Shan more easily as compare to National 12.5%, but 41.3% customers can recall Shan and National both.
  • 5. BRAND AWERNESS/ RECALL On the basis of above data researcher claim that recall of Shan masala is greater than National. Is there enough evidence to support the claim at α = 0.05 and also fine 95% confidence interval for the difference of proportions. Solution: n1 80 n2 80 Step 4: Reject the null hypothesis, because when 0.46 0.12 we draw the graph, the calculated z value falls 0.29 0.71 in the critical region 0.54 0.88 (it is just a sample graph) Step 1: H0: p1 = p2 H1: p1 > P2 Step 2: Since α = 0.05 Critical Value are 1.65 Step 3: If we put the all values in the above mention formula then we find that Calculated Z Value is 4.7 that is greater than Critical value.
  • 6. BRAND AWERNESS/ RECALL Step 5: It is concluded that there are not enough evidence to accept the null hypothesis that P1 is equal to P2. So we will accept the alternative hypothesis that P1 is greater than P2. Estimation of Two proportions: If we put the values in the above mention formula of Estimation for the difference of two proportions then we find that 0.21 < P1 –P2 < 0.47 Since 0 is not contained in the interval, the decision is to reject the Null hypothesis. Comment: From hypothesis testing it is prove that Shan has better recall than National. Possible reason could be that people like the taste of Shan and use it more than national or it could be possible that advertisements and promotional campaign of Shan is more better and stronger than National.
  • 7. BRAND USAGE Which Brand of Recipe Mix Masala do you use most? Brand Usage S. No. Brand Frequency Percentage 1 Shan 55 68.8% 2 National 23 28.8% 3 Both 2 2.5% Total 80 Comment: 68.8% people are user of Shan and 28.8% of National, only 2.5% use both brands.
  • 8. BRAND USAGE Researcher found that 55 out of 80 randomly selected women use Shan masala and 23 out of 80 randomly selected women use National masala 1. Is there a significant difference in the proportions at the 0.05 significant level? 2. Also find the 95% confidence of interval for the difference of proportions. n1 80 n2 80 0.68 0.28 0.48 0.52 0.32 0.72 Step 1: H0: p1 = p2 H1: p1 ≠ P2 Step 2: Since α = 0.05 Critical Value are ± 1.96 Step 3: RESULT Z Calculated Value 5.5258 Two-tailed P-Value < 0.0001 95% confidence intervals Maximum/ upper 0.5419 Minimum/ lower 0.2581 The two samples are significantly different.
  • 9. BRAND USAGE Step 4: Reject the null hypothesis, since the calculated z value falls in the critical region . (it is just a sample graph) 2.5% 2.5% -1.96 1.96 Step 5: It is concluded that there are not enough evidence to accept the null hypothesis because Z calculated value falls under rejected region. Comments: From hypothesis testing and confidence interval it is prove that there is a significant difference between proportions of Shan and national. And if we see the percentage of usage rate, we conclude that Shan has more customer as compare to national. Following could be reasons of this 1. Better taste of Shan as compare to National 2. Better technology (Shan is using V lock technology that helps to keep the freshness and taste of masala inside and protect it from humidity) 3. Same price 4. Shan has more variety of recipe mix
  • 10. BRAND IMAGE Which Brand of Recipe Mix Masala do you consider as the market leader ? Successful Brand S. No. Brand Frequency Percentage 1 Shan 58 72.5% 2 National 17 21.3% 3 Both 5 6.3% Total 80 Comments: 72.5% customers consider Shan as a market leader in recipe mix industry and 21.3% customers consider National, whereas 6.3% customers consider both Shan and National as market leader.
  • 11. BRAND IMAGE 72% women of a sample 80 consider the Shan masala as a market leader and 17 out of 80 women consider the National as a market leader of Recipe mix. Is there a significant difference in the proportions of two samples. Also find the 95% confidence interval for Shan masalah.. Solution: Step 4: Reject the null hypothesis, since the calculated z value falls in the critical region (it is just a sample graph) n1 80 n2 80 0.72 0.21 0.46 0.54 0.28 0.79 Step 1: 2.5% 2.5% H0: p1 = p2 H1: p1 ≠ P2 -1.96 1.96 Step 2: Since α = 0.05 Critical Value are ± 1.96 Step 3: Step 5: It is concluded that there are not enough evidence to accept the null hypothesis that P1 is equal to P2. So we will accept the alternative hypothesis that P1 is not equal to P2. If we put the all values in the above mention formula then we find that calculated z value is 6.47 that is greater than Critical value.
  • 12. BRAND IMAGE Estimation for Shan: As we have to calculate the confidence of interval just for Shan masala so here we will use single proportion formula for estimation i.e. Solution: Comments: From hypothesis and confidence interval it can be concluded that n 80 most of people consider the Shan as a market leader. It is because 0.72 from above two question questions we have concluded that shan 0.28 has better recall and usage rate as compare to national. We have α 0.05 studied in marketing “the brand that has more consumers will be the market leader”. If we Put all these values in formula we get answer 0.62 < P < 0.82 Therefore, one can say with 95% confidence that true percentage of people who consider shan as a market leader is between 62% and 82%.
  • 13. SUCCESSFUL PRODUCT Which Product/ Recipe do you use most? Successful Recipe 50 S. No. Product Frequency Percentage 40 1 Biryani 41 51.2% 30 2 Qorma 14 17.1% 20 10 3 Nihari 10 12.2% 0 4 Karahi 9 11.4% 5 Other 7 8.1% Total 80 Comment: Biryani Masala is number one with the usage rate 51.2%, Qorma on 2nd with 17.1%, Nihari on 3rd with 12.2%, Karahi on 4th with 11.4%, and usage of other Masala is 8.1%.
  • 14. SUCCESSFUL PRODUCT It is Claim that biryani masala is the most successful product of recipe mix with the usage rate at least 50% as compared to other recipe masala. A Sample of 80 randomly selected women was asked about most consumable Masala, in which 41 answered with Biryani masala. At α = 0.05 test the claim that biryani masala has usage rate at least 50%. Solutions: n 80 0.51 0.49 p 0.5 q 0.5 α 0.05 Step 1: H0: p ≥ 0.5 H1: p < 0.5 Step 2: since α = 0.05 critical value is 1.65 Step 3: put all the above mention values in the following formula Then z calculated = 0.090 Step 4: Accept the null hypothesis, since the calculated z value falls in non-critical region (it is just a sample graph)
  • 15. SUCCESSFUL PRODUCT Step 5: It is concluded that there are enough evidence to accept the null hypothesis that usage rate of biryani masala is greater than or equal to 50% Estimation: 0.40 < p < 0.69 Put the values in the above mention formula to calculate the 95% confidence interval. Hence one can say with 95% confidence that true percentage of biryani masala consumption is 40% and 69%. Comments: From hypothesis testing and confidence interval we can conclude that biryani masala is more successful product among all other recipe mix masala. Reason could be that people like rice dishes more as compare to other dishes. There could be one more reason that sample data was collected from different areas of Karachi. And we know that Karachi weather is different from other cities and it is an urban city where most of work done is in offices. So it could be possible that Karachi people prefer rice as they are light and digest easily. It could be possible if we survey to other cities of Pakistan, people may not like biryani or rice dishes.
  • 16. Conclusion of the Research From all above data and analysis we can easily conclude that Shan better recall and consumption rate due to its taste and products variety. And because of this people consider it as a market leader as well. Regarding products range, we can conclude that Biryani Masala is most successful product.