Is the Consumer really the King in India?

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144 comments Page 5 of 15.

Pallavi Rajput said:   6 years ago
Yes, Consumer is really the king in India. Companies make the product for the customer. Without the consumer, there is no existence of the product. The consumer has the power to move the product in grow phase or diminish phase. In India, people are price sensitive. The product life cycle is based on consumer's outlook because the consumer has many alternatives in the market they can choose one of them according to their prospective. At the moment of buying a product, consumer behaves very judgmental, aware and as a very sensitive person. Product branding also affects the buying decision of the consumer.
(18)

Rahul rai said:   10 years ago
Hello friends,

Looking the present scenario in the market the same product is made by many different company and if the customer is not satisfying the product from one company the customer is easily choose to the product of another company and this make the customer to be a king.

Lets take a example, SBI, ICICI and HDFC banks are in competition to provide more facility to customer they continuing launches new apps that makes banking more easy and not to visit to branches of the bank.

The same competition in the automobile industries like Tata, Honda Mercedes BMW these company always try to provide more and more feature in there vehicle. So the customer is free to choose according to their choice and this makes customer to be a king.
(17)

Salini said:   9 years ago
yes customers are the kings of market. Because every organization who produce the products they keep in the need and wants of the customer.not in only in India whole world apply these therapy and companies make the strategies how to attract the customers like they give discount on products the lifetime of any product depend on the customers.because every time they want something new in the products some innovations. If they does find it then do not prefer.and for a new launch product, it is necessary to have something new that product. so that its attract the customers
(17)

Vaishnavi kumar said:   8 years ago
According to me, Obviously customer is the king of economic market Without customer there is no need for the market, without demand, there is no sales. And all these industries and companies are trying to attract only the customers. They know very-well without them they are nothing, even a single customer is very essential for them. All their effects are only focusing to satisfy the customer's need.
(17)

Sachin said:   8 years ago
Hello guys.

There are many MNC's and local industries operating in India which provides products according to consumer needs.

Consumer plays an important role in building the image of any product.

Product making is the dynamic process which changes according to consumer needs.

Before starting the business, the businessmen conducts various surveys to know the consumer's taste and preference.

In short, market is nothing without a consumer.
(17)

Chigumalla balaji said:   6 years ago
Yes, consumer is king because he full fill his needs by buying products which give a brand to the company that their product is started to sell ad they continue to produce more and more goods they think they are going to get much profit only if the customers are many then only there products value will increase when no one buys the product then it starts becoming loss then there will be no value for the product whose value has come down.
(17)

Tanushka said:   4 years ago
Yes, according to me, the customer is the only who ruled over all market he/she is the real king because every producer or seller try to fulfil the demands of customer and also if we think we only satisfy the demand of whom the person who ruled over the market so same concept related to marketing.

Then, the customer is the other one who ruled over the market '.
(17)

Manish said:   8 years ago
According to population, India is the second largest country. The Indian government helps to make consumer king. There are many specific act which is created by Indian government helps to protect consumer rights. If they have got cheated by seller or producers then they would entile to get claim on it. These all makes the consumer king.
(16)

Hgrg56 said:   9 years ago
No, I think consumers are not really the king in the market as big companies just mould their marketing tactics so that they can fool the consumers in the way that they start thinking they are the ultimate beneficiaries, but in realty companies are enjoying the benefits.
(15)

M.sravani said:   9 years ago
Hello.

Both Consumer and producer are kings in the market. Because without producer-consumer cannot satisfy his needs and without consumer producer cannot make any profit. In this technological world, all luxuries are becoming necessities. So consumer wants to satisfy his necessities where it gives the chance to producer to produce products according to consumer tastes and preferences.
(15)


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