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    CHAPTERI

    INTRODUCTION

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    CUSTOMER SATISFACTION

    Marketing is the art of creating, satisfying customers by meeting the needs of

    customers and by creating value satisfaction for them. As Peter Drucker says the

    essence of marketing is that the entire business has to be seen from the point given of

    the customer. However, customers face a vast array of product and brand choices

    prices, supplies and to understand the needs and preferences of the customers it

    becomes imperative for us to carry out research together information.

    We believe that customers estimate which offer will deliver the most value to

    them and which will deliver and maximize value, within the bounds of research costs

    and limited knowledge, mobility, and income they form an expectation of value and

    act on it. Whether or not the offer lives up to the value expectation affects both

    purchase and repurchase probability.

    The purpose of any Marketing research is to provide information at a specific

    time on customer, trade, competition and the future brands, so as to enable marketers

    to formulate successful strategies in their quest for customers mind share and market

    share.

    The research helps the marketers to find out the attributes and variable that

    influence the customers behavior towards a given product offering and it shapes the

    attitudes of the customers favorably towards a specific product, thus by analyzing

    these undertones the researcher can find out the levels of customer satisfaction, and

    the results of the marketing research can help the marketers to analyze the weak spots

    in their marketing strategies and can reformulate their strategies so that they can

    satisfy their customers and maximize their brand loyalty and profitability.

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    NEED AND IMPORTANCE OF THE STUDY

    From the days of industrial revolution when goods & services were produced

    to the present day, the emphasis has shifted from the producers to the customer and

    his needs, and with the customer becoming more involved, in the marketing process

    there is greater need for information regarding the customer needs. Preferences and

    making them satisfied of the products & services, has led to a constant but increasing

    need to conduct marketing research.

    This research is an insight into the mind of the customer, with the help of

    which the organizations will become aware of their pitfalls and in turn can also make

    improvements in the product regarding the level of satisfaction of the customers

    towards their offerings in the market place.

    The Telecom industry is highly competitive in nature and due to rapid

    advancements in the field of technology. Land line phones have become redundant

    and the shift is clearly towards cellular services. As such there has been a greater need

    to conduct market research studies. Since no risks can be entertained with regard to

    the satisfaction of the people. Hence the need to constantly monitor the changing

    preferences, attitudes of the customers becomes that much more necessary.

    The basic need of this project is to know the Satisfaction amongst the

    respondents, with regard to Nokia services and its products.

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    OBJECTIVES OF THE STUDY

    The study of customer attitudes would provide the company with necessary

    insights to develop the product, its pricing strategy, and to design persuasive

    promotional strategy. It would also support the organization to analyze its drawbacks

    in its various strategies and to take corrective action to remain as market leaders.

    The ultimate goal of every manufacturer is to get his sales enhanced and

    sees it that the retailer and customer are fully satisfied. The success of every

    manufacturer depends on his ability to spread his product for the widened market to

    make products accessible to retailers to spread the product in the market.

    To study the attitude and satisfaction among the customers for Nokia mobile

    To study and analyze various factors influence the customers to purchase theNokia mobile.

    To study the respondents opinion regarding Nokia mobile.

    To identify the customer satisfaction towards Nokia product. To identify how customer know about Nokia products. To know the persons feeling towards the product. To prepare strategies for the business development of Nokia product over the

    competitors.

    To analyze the complaints and suggestions given by the customers.

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    SCOPE OF THE STUDY:

    The study attempts to identify the reach of Nokia mobile. Which would helpthe company in formulating the suitable strategies. The study also identifies

    the attitudes and preferences of the consumers. The study also focused on

    media through which the product reaches the consumers. The scope of project

    work is to get the opinions from respondents on the issues mentioned earlier.

    The scope of the study is limited. The study is a very minor contribution tothe company as it is only restricted to the twin cities (Warangal &

    Hanmakonda). The study would only be a drop in the ocean, Can help the

    distribution in twin cities.

    RESEARCH OBJECTIVES

    1) To study the Customer Satisfaction amongst the users of Nokiaproducts.

    2) To study the satisfaction levels of Nokia mobile customers & Nokiafixed wireless customers.

    3) To study the Satisfaction level of Nokia customers with regard to otherproducts and services offered by Nokia.

    4) To make suggestions for improvement of their products & their servicesfrom the customers point of view based on this research to fulfill

    customers needs.

    5) To know the customers feed back towards the redressal of grievances byNokia.

    6) To ascertain the role of media in promoting and creating awarenesstowards the diversified portfolio of Nokia products.

    7) To find out the quality of service in terms of transmission coverage, clarityin the reception and connectivity of the various services that are being

    offered by Nokia.

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    RESEARCH METHODOLOGY

    Research in common pursuance refers to a search for knowledge in a scientific

    and systematic way for pursuant information on a specified topic.

    Once the objective is identified that next step is to collect the data which is

    relevance to the problem identified and analyze the collected data in order to find out

    the hidden reasons for the problem. There are two types of data namely.

    1. Primary Data2. Secondary Data

    1. PRIMARY DATA

    Primary data is to be collected by the concerned project researcher with

    relevance to his problem. So the primary data is original in nature and is collected first

    hand.

    Collection of primary data

    There are several methods of collecting primary data particularly in surveys

    and descriptive researches. Important ones are as follows:

    1. Observation Method2. Interview Method3. Questionnaire4. Schedule

    1) OBSERVATION METHOD:

    It is the most commonly used methods especially in studies relating to

    behavioral sciences. This method implies the collection of information by way of

    investigators own observation, without interviewing the respondents. The information

    obtained relates to what is currently happening and is not complicated by either the

    past behavior or future intentions or attitudes of respondents.

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    2) INTERVIEW METHOD

    The interview method of collecting data involves presentation of oral, verbal

    stimuli and reply in terms of oral-verbal responses. This method can be used through

    personal interview and, if possible, through telephone interview.

    Personal Interview

    The method of collecting information through personal interview is usually

    carried out in a structured way. As such we call these interviews as structured

    interviews. Such interviews involve the use of a set of predetermined questions and of

    highly standardized techniques of recording. Thus, the interviewer in a structured

    interview follows a rigid procedure laid down, asking questions in a given format and

    the order prescribed. As against it, the unstructured interviews are characterized by

    flexibility of approach to questioning. Unstructured interviews do not follow a system

    of pre-determined questions and standardized techniques of recording information.

    3) QUESTIONNAIRE

    The researcher and the respondents do come in contact with each other if this

    method of survey is adopted. Questionnaires are mailed to the respondents with a

    request to return after completing the same. It is the most extensively used method in

    various economic and business surveys & research. Questionnaire to be used must be

    prepared very carefully so that it may prove to be effective in collecting the relevant

    information.

    Structured Questionnaire

    Using structured questionnaire method, which contains close-ended questions,

    collected the primary data with respect the problem chosen. The questions have some

    options, from which the respondents have to choose a choice. As the answers lie

    within a specified range they are called close-ended questions.

    Open-ended questions are those questions where no choices are given to

    respondents and respondents are free to express their choice or answer.

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    The following sampling method was used.

    Sampling:

    Making a census of the entire universe will be out of the question in manymarketing research project on account of limitation of time and money. Hence,

    sampling becomes inevitable.

    Sample size:

    The sample was taken from the universe on random sampling basis in

    Hanamkonda. The sample size designed for this project is 50 keeping in mind the

    paucity of time and also the customer base of the organization in the research area.

    Research Methodology

    A structured questionnaire was prepared and presented to the respondents and

    related questions were asked. Questionnaires mainly contained close-ended questions

    and a few open ended questions, to identify the reasons for customers satisfaction &

    their dissatisfaction.

    Secondary data

    It is the data already existing, which has gone through some standard analysis.

    Under the secondary data, the companys annual reports, broachers, pamphlets,

    newspapers, journals and internet were taken into consideration.

    LIMITATIONS OF THE STUDY:

    The study is limited to Warangal & Hanmakonda city limits only. Thereforethe same cannot be applicable to other places.

    The sample size taken is only 50 and as such is very small as compared to theuniverse, this is due to the constraints of time and effort, and as such may not

    be enough to generalize to the entire population, however it is presumed that

    the sample represents the universe.

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    Some respondents were unable to crystallize their answers to some Questionsin the questionnaire.

    Respondents might have responded with the actual feelings of facts whilegiving responses to the questionnaire.

    The customers attitude may change in future due to change in their standardof living.

    No secondary data was used for the analysis and interpretation of the data Time being a limiting factor was not sufficient to gather opinions from

    majority of the respondents, who form part of the universal sample.

    Since this study concentrated on customer satisfaction towards Nokia noattempt was made to study other activities of the organization. Such as

    finance, human resource management etc.,

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    CHAPTER-II

    INDUSTRY

    &

    COMPANY PROFILE

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    INDUSTRY PROFILE

    In the present day, the information technologies have been successful in

    building a super highway for communications. Communication technologies are

    found contributing substantially to the developmental process. In the communication

    services, we find that telecommunications are playing a significant role, in various

    processes and in the overall development of the economy.

    We cant negate the fact that after the attainment of independence and to be

    more specific during 1980s and 1990s. The telecommunication services have made

    rapid strides both in quality and quantity. However, the users at large are founddissatisfied with the quality of services made available to them.

    The major problem area for telecommunication service providers is to meet

    the expectation of the customers with regard to quality of service and value added

    services along with competitive pricing. So to satisfy the customer and to retain

    customer loyalty in the fast growing telecom sector it becomes pestiuent to study the

    various factors that have a bearing on the customer satisfaction towards the

    organization & to find ways to improve the level of customer satisfaction amongst the

    users of these services.

    As customers, each one of us has a vast number of attitudes towards products,

    towards services, towards advertisements, towards retailers. Whenever we are asked

    whether we like or dislike a product, service, we are being asked to express our

    attitudes and when we like a product or service we express our attitudes and when we

    like a product or service we express it in items of our satisfaction, and satisfied

    customers leads to more customers by way of publicity. The first experimental

    electric telegraph line was started between Calcutta and Diamond Harbour in

    November, 1850.

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    The visionary behind this landmark was Dr. William O Shaughnessay

    credited to pioneer telegraph and telephone in India. The successful working of this

    experimental lime led to the construction of 4000 miles of telegraph line connecting

    Calcutta and Peshawar in the north via Agra and Mumbai through Sindhwa Ghats,

    Mumbai and Chennai in the south as well as Ooctacamund and Bangalore. A regular

    Telegraph Department was set up in 1854 when the Telegraph Act was enacted and

    telegraph facilities were thrown open to public traffic.

    Dr. O Shaughnessys continual innovative perusals propelled him to the

    coveted post of the first Director General. The significant leap, which really set the

    telecom ball rolling, was the establishment of Indo-Ceylon link. The Indo-Ceylon

    cable was laid in 1858, in 1865 the first Indo-European telegraph communication was

    effected in 1873 Duplex telegraphy was introduced between Bombay and Calcutta. In

    1875, ITD supplied the first private telephone line and two ears later it erected

    telegraph line between Srinagar and Gilgit on behalf of Maharaja of Kashmir.

    In the historical archives, the year 1888 has vital importance. It was in this

    year that the Indo-European Telegraph Department was merged with Indian

    Telegraph Department. In 1895, phonograms were introduced for the first time at

    Bombay and Calcutta and in 1902 the first wireless Telegraph Stations was

    established between Saugor Islands and Sand heads and a year, the Department

    Wireless Telegraph was introduced.

    The tradition of milestone years was now gaining momentum. 1905 can be

    termed as the cornerstone of todays telecom profile. It was in this year that the

    control of the Telegraph Department was transferred from PWD to Commerce &

    Industry Department.

    In 1907, women signalers were employed for the first time. In 1914 the Postal and

    Telegraph Departments were amalgamated under a single Director General. At the

    same the control of the P & T Department was reverted top PWD. The year also

    witnessed the opening of the first automatic exchange at Simla with a capacity of 700

    lines and 400 actual connections.

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    A major reorganization of the department took place when the accounts of the

    Indian Posts and Telegraphs were reconstituted to examine the true fiscal profile of

    the Department the attempt was to find out the extent to which the department was

    imposing a burden on the taxpayers and bringing in revenue to the Exchequer and

    how far each of the four constituent branches, namely postal, telephone and wireless,

    were contributing.

    Radio Telephone Communications between England and India were opened in

    1933: Indo-Burma Radio Telephone Service started functioning between Madras and

    Rangoon in 1936.Deluxe Telegrams with foreign countries were introduced in 1937;

    Bombay New York wireless telegraph service was commissioned in 1914; Hindi

    telegram in Devnagari script was introduced and won your telephone scheme was

    inaugurated in 1949.

    The year 1950 saw the Indian telegraph and Radio/Wireless telephone service

    span its wings across frontiers. Own your telephone exchange scheme began to

    operate in 1950. The first coaxial route between Delhi and Agra and the first

    Subscriber Trunk Dialing (STD) route between Kanpur and Lucknow were

    commissioned.

    In the 1950 and 60s while the Beatles wave was sweeping the world. The

    Indian telecom think tank was busy in introducing the microwave culture long before

    the Indian housewife ever heard about it. In the 1960s the first microwave route

    between Calcutta and Asansol was opened.The 1970s witnessed the installation of

    SPC Gateway Telex Exchange and introduction of International Subscriber Dialed

    Telex Service and commissioning of the first Optic Fiber System for local junction in

    Pune.

    The 1980s completely established Indian Telecom as the frontrunner. In one

    giant leap, the universe shrinked the first satellite earth station for domestic

    communications was set up at Secunderabad.The 1990s saw the revolution in the

    Indian telecom sector with the launch of cellular services, the government gave

    various incentives to the service providers to improve the connectivity on one hand

    and also lower the prices in the NCD & ICD sector. This period saw the emergence of

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    contrasting technology plat forms namely GSM and CDMA technologies. It also saw

    the advent of the internet and broad band services in our country. As the time of the

    century India. Stood at the gateways of telecom revolution.

    The start of the 21st century saw the explosion of telecom services and

    Indian market started to show remarkable growth rates with respect to addition of new

    subscribers. This period also saw the consolidation of the various services providers at

    regional level and by 2006 there appeared 4 major cellular providers in the GSM

    space namely.

    1) AIRTEL2) BSNL- CELLONE3) Vodafone4) IDEA along with a few fringe players.

    On the CDMA front the consolidation saw the emergence of two rivals namely

    Tata-Indicom and Reliance Infocomm.

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    COMPANY PROFILE

    History of NOKIA:

    The roots of Nokia go back to the year 1865 with the establishment of a forest

    industry enterprise in South-Western Finland by mining engineer Fredrik Idestam,

    Elsewhere, the year 1898 witnessed the foundation of Finnish Rubber Works Ltd, and

    in 1912 Finnish Cable Works began operations. Gradually, the ownership of these two

    companies and Nokia began to shift into hands of just a few owners. Finally in 1967

    the three companies were merged to form Nokia Corporation.

    At the beginning of the 1980s, Nokia strengthened its position in the

    telecommunications and customer electronics markets through the acquisitions of

    Mobira, Salora, Televa and Luxor of Sweden. In 1987, Nokia acquired the customer

    electronics operations and part of the component business of the German Standard

    Elektrik Lorenz, as well as the French customer electronic company Oceanic. In 1987,

    Nokia also purchased the Swiss cable machinery company Maillefer.

    In the late 1980s, Nokia became the largest Scandinavian information

    technology company through the acquisition of Ericssons data systems division. In

    1989, Nokia conducted a significant expansion of its cable industry into Continental

    Europe by acquiring the Dutch cable company NKF. Since the beginning of the

    1990s, Nokia has concentrated on its core business, telecommunications, by

    divesting its information technology and basic industry operations.

    From its inception, Nokia was in the communications business as amanufacturer of paper - the original communications medium. Then came technology

    with the founding of the Finnish Rubber Works at the turn of the 20 th Century.

    Rubbers, and associated chemicals, were leading edge technologies at the

    time. Another major technological change was the expansion of electricity into homes

    and factories which led to the establishment of the Finnish Cable Works in 1912 and,

    quite naturally, to the manufacture of cables for the telegraph industry and to support

    that new-fangled device - the telephone! After operating for 50 years, an Electronics

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    Department was set up at the Cable Works in 1960 and this paved the way for a new

    era in telecommunications. Nokia Corporation was formed in 1967 by the merger of

    Nokia Company - the original paper-making business - with the Finnish Rubber

    Works and Finish Cable Works.

    Design has always been important at Nokia and todays mobile phones are

    regarded as a benchmark for others to follow. Take, for example, multi-colored, clip-

    on fascias which turned mobiles into a fashion item overnight. But Nokia has always

    thought like that and back in the fashion-conscious 1960's when one branch of the

    corporation was a major rubber manufacturer, it hit on the idea of making brightly-

    colored rubber boots at a time when boots followed the Henry Ford principle - you

    could have any color, so long as it was black! The '60s, however, were more

    important as the start of Nokia's entry into the Telecommunications market. A radio

    telephone was developed in 1963 followed, in 1965, by data modems - long before

    such items were even heard of by the general public.

    In the 1980's, everyone looked to micro computers as the next 'big thing' and

    Nokia was no exception as a major producer of computers monitors and TV sets. In

    those days, the prospect of High Definition TV, satellite connections and teletext

    services fuelled the imagination of the fashion conscious homeowner.

    In the background, however, changes were afoot. The world's first international

    cellular mobile telephone network, NMT, was introduced in Scandinavia in 1981 and

    Nokia made the first car phones for it. True enough, there were 'transportable' mobile

    phones at the start of the '80's but they were heavy and huge. Nokia produced the

    original hand portable in 87 and phones have continued to shrink in inverse

    proportion to the growth of the market ever since.

    It took a technological breakthrough and changes in the political climate to

    create the wire-free world people are increasingly demanding today. The technology

    was the digital standard, GSM, which could carry data in addition to high quality

    voice. In 1987, the political goal was set to adopt GSM throughout Europe on July 1st

    1991. Finland met the deadline, thanks to Nokia and the operators. Politics and

    technology have continued to shape the industry. The '80s and '90s saw widespread

    deregulation, which stimulated competition and customer expectations. Nokia

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    changed too and in 1992 Jorma Ollila, then President of Nokia Mobile Phones, was

    appointed to head the entire Nokia Group. The corporation divested the non-core

    operations and focused on telecommunications in the Digital Age. Few people in the

    early '90s would have thought that 'going digital' would change things so much.

    Nokia is harnessing its experience in mobility and networks to generate a

    startling vision of the future. Meeting rooms, offices and homes will be 'smart' enough

    to recognize their human visitors and give them whatever they want by listening to

    their requests. Nokia welcomes change and improvement and can embrace new ideas

    at great speed. Such characteristics will never change but, as to the rest, the story has

    only just begun!

    Nokia-Connecting People: this slogan is known all over the world. Nokia

    employs 50, 000 people in 120 countries. Currently every third mobile phone sold in

    the world is a Nokia. The Nokia Company is today one of the worlds leading high

    tech companies. Its rapidly growth in the 1990s coincided with a basal structural

    change of the Finnish economy and industry. In this restructuring process Nokia

    played an important role. Despite the fact that Nokia is a leading multinational

    company, a major part of its business is located in Finland. Nokia plays a significantly

    role in the economic growth of Finland, which has been one of the fastest in whole

    Europe.

    But the roots of the Nokia Company go back to the 19th century when in 1865

    a forest industry enterprise in the small town Nokia in South Western Finland was

    established by mining engineer Fredrik Idestam. At the turn of the 20th century

    technology came with the founding of the Finnish Rubber Works in 1898 and the

    expansion of electricity into the homes and factories which led to the establishment of

    the Finnish Cable Works in 1912. With this development the manufacture of cables

    for the telegraph industry followed and supported so the new-fangled device, the

    telephone. The three companies (Paper, Rubber and Cables) were merged to the

    Nokia Corporation in 1967.

    Since the 1990s the Nokia Company focuses especially the telecommunication

    industry. The following essay deals with a detailed overview of the history of the

    Finnish Nokia company. But besides this, it is also mentioned the importance of this

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    company for the Finnish economy. At the end of the essay I will give an overview of

    the future challenges for the Nokia Company and its surroundings. At first I start with

    the development of the Nokia Company; from its roots as a forest industry to a

    worlds leading telecommunication enterprise.

    Mission and Vision

    Vision

    "Our customers continue to our First Priority"

    Nokia's future success depends on delivering great experiences to our customers by

    creating products and solutions that work seamlessly and are appealing.

    Mission

    "In a world where everyone can be connected, we take very human approach to

    technology"

    Connecting is about helping people to feel close to what matters. Wherever,

    whenever, Nokia believes in communicating, sharing, and in the awesome potential in

    connecting the 2 billion who do with the 4 billion who don't. If we focus on people,

    and use technology to help people feel close to what matters, then growth will follow.

    In a world where everyone can be connected, Nokia takes a very human approach to

    technology.

    Board of Directors

    The Board decides on matters that, in relation to the Group's activities, aresignificant in nature. Such matters include confirmation of the strategic guidelines,

    approval of the periodic plans and decisions on major investments and divestments.

    The Board appoints the CEO, who also acts as President, the Chairman and

    the members of Nokia's Group Executive Board. The Board also confirms the

    remuneration of the CEO. The roles and responsibilities of the Board and its committees

    are defined in the Corporate Governance Guidelines and the committee charters. The Board's

    committees consist of the Audit Committee, the Personnel Committee and the Corporate

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    Governance and Nomination Committee. The Board regularly reviews these guidelines and

    charters in order to ensure that they appropriately comply with what the Board believes to be

    best practices of corporate governance. The Board and each of its committees conduct annual

    performance self-evaluations. Compensation plans be approved by a company's shareholders.

    Chairman

    Jorma Ollila

    Vice Chairman

    Dame Marjorie Scardino

    Georg EhrnroothLalita D. GupteDr. Bengt HolmstrmDr. Henning KagermannOlli-Pekka KallasvuoPer KarlssonRisto SiilasmaaKeijo Suila

    The Responsibilities of the Board of Directors

    The Board represents and is accountable to the shareholders of the company. The

    Board's responsibilities are active, not passive, and include the responsibility regularly

    to evaluate The strategic direction of the company, management policies and the

    effectiveness with

    which management implements them. The Board's responsibilities also include

    overseeing the structure and composition of the company's top management and

    monitoring legal compliance and the management of risks related to the company's

    operations. In doing so, the Board may set annual ranges and/or individual limits for

    capital expenditures, investments and divestitures and financial commitments not to

    be exceeded without Board approval.

    http://www.nokia.com/link?cid=EDITORIAL_946539http://www.nokia.com/link?cid=EDITORIAL_4214http://www.nokia.com/link?cid=EDITORIAL_4214http://www.nokia.com/link?cid=EDITORIAL_4202http://www.nokia.com/link?cid=EDITORIAL_4202http://www.nokia.com/link?cid=EDITORIAL_191003http://www.nokia.com/link?cid=EDITORIAL_191003http://www.nokia.com/link?cid=EDITORIAL_4204http://www.nokia.com/link?cid=EDITORIAL_4204http://www.nokia.com/link?cid=EDITORIAL_191004http://www.nokia.com/link?cid=EDITORIAL_191004http://www.nokia.com/link?cid=PLAIN_TEXT_969110http://www.nokia.com/link?cid=PLAIN_TEXT_969110http://www.nokia.com/link?cid=EDITORIAL_4206http://www.nokia.com/link?cid=EDITORIAL_4206http://www.nokia.com/A41041132http://www.nokia.com/A41041132http://www.nokia.com/link?cid=EDITORIAL_4216http://www.nokia.com/link?cid=EDITORIAL_4216http://www.nokia.com/link?cid=EDITORIAL_4216http://www.nokia.com/A41041132http://www.nokia.com/link?cid=EDITORIAL_4206http://www.nokia.com/link?cid=PLAIN_TEXT_969110http://www.nokia.com/link?cid=EDITORIAL_191004http://www.nokia.com/link?cid=EDITORIAL_4204http://www.nokia.com/link?cid=EDITORIAL_191003http://www.nokia.com/link?cid=EDITORIAL_4202http://www.nokia.com/link?cid=EDITORIAL_4214http://www.nokia.com/link?cid=EDITORIAL_946539
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    Group Executive Board

    Nokia's articles of association provide for a Group Executive Board, which is

    responsible for managing the operations of Nokia. The Chairman and the members of

    the Group Executive Board are appointed by the Board of Directors. Only theChairman of the Group Executive Board can be a member of both the Board of

    Directors and the Group Executive Board.

    Group Executive Board Compensation Insiders' Ownership Company Codes

    Annual General Meeting

    The shareholders of Nokia use their decision-making power in Nokia's general

    meetings. The Annual General Meeting is usually held in each March, April or May.

    Annual General Meeting

    Auditor

    The independent auditor is elected annually by Nokias shareholders at the Annual

    General Meeting. PricewaterhouseCoopers Oy was re-elected as Nokias independent

    auditor for the fiscal year 2007 at the Annual General Meeting on May 3, 2007.

    Corporate Governance Practices

    Nokia follows rules and recommendations of the Helsinki, New York,

    Stockholm and Frankfurt stock exchanges, where applicable.

    Nokia's corporate governance practices comply with the Corporate

    Governance Recommendation for Listed Companies approved by the Helsinki Stock

    Exchange in December 2003, effective as of July 1, 2004.

    Nokia has an internal audit function that acts as an independent appraisal

    function by examining and evaluating the adequacy and effectiveness of the

    companys system of internal control. Internal audit resides administratively within

    the CFOs organization and reports to the Audit Committee of the Board of Directors.

    http://www.nokia.com/link?cid=EDITORIAL_4243http://www.nokia.com/link?cid=EDITORIAL_4591http://www.nokia.com/A4126363http://www.nokia.com/link?cid=EDITORIAL_4197http://www.nokia.com/agmhttp://www.nokia.com/agmhttp://www.nokia.com/link?cid=EDITORIAL_4197http://www.nokia.com/A4126363http://www.nokia.com/link?cid=EDITORIAL_4591http://www.nokia.com/link?cid=EDITORIAL_4243
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    The head of internal audit function has at all times direct access to the Audit

    Committee, without involvement of the managementUnder the New York Stock

    Exchange's corporate governance listing standards, listed foreign private issuers, like

    Nokia, must disclose any significant ways in which their corporate governance

    practices differ from those followed by US domestic companies under the NYSE

    listing standards.

    There are no significant differences in the corporate governance practices

    followed by Nokia as compared to those followed by US domestic companies under

    the NYSE listing standards, except that Nokia follows the requirements of Finnish

    law with respect to the approval of equity compensation plans. Under Finnish law,

    stock option plans require shareholder approval at the time of their launch. All other

    plans that include the delivery of company stock in the form of newly issued shares or

    treasury shares require shareholder approval at the time of the delivery of the shares

    or, if shareholder approval is granted through an authorization to the Board of

    Directors, no more than a maximum of five years earlier. The NYSE listing standards

    require that equity

    Nokia Product Design:

    Nokia is a great brand because it knows that the essence of the brand needs to

    be reflected in everything the company does, especially those that impact the

    customer. Product design is clearly critical to the success of the brand, but how does

    Nokia manage to inject personality into product design? The answer is that it gives a

    great deal of thought to how the user of its phones will experience the brand, and how

    it can make that experience reflect its brand character. The large display screen, for

    example, is the Face of the phone. Nokia designers describe it as the eye into the

    soul of the product. The shape of phones is curvy and easy to hold. The faceplates

    and their different colors can be changed to fit the personality, lifestyle, and mood of

    the user. The soft key touch pads also add to the feeling of friendliness, expressing the

    brand personality. Product design focuses on the customer and his needs, and is

    summed up in the slogan, human technology.

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    Segmentation Strategy

    Nokia Market Demographic

    The profile for Nokia customer consists of the following geographic and

    demographic:

    Geographic

    Our immediate geographic target is rural India. The total targeted population is estimated at 100 million.

    Demographic

    Male and female. Ages 25-50, this is the segment that makes up 80% of the Nokia mobile phone

    market according to the NOKIA India Ltd.

    Professionals and College studentsMarketing Objective:

    Capture rural Indian Market Target students & working professionals Attract Customers to New technology Enhance Distribution Maximize our revenues Maintain Customers Loyalty

    Easy access to Customer Support

    Offering customer care is an essential part of an ease-of-use service

    experience. The working customer care concept creates stickiness between the end-

    user and the service provider. Customer support can be offered via a call center, by

    providing automated self-service or through in-store support. The challenge is to

    choose the customer support combination that best matches the specific service

    proposition. For call centers, ease-of-use Manifests in quick response, least number of

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    call transfers, transparent tariffs and knowledgeable personnel. The better the

    alighment in business processes, supporting infrastructure and related call center

    processes, the better the capabilities for delivering superior call center service.

    Another contact point for users is often provided via a branded Internet portal.

    An internet portal is an attractive option because it supports end-users 24/7 and is

    cost-effective for the service provider. Users can access the portal to manage and

    modify their own account. Connection stability and logical navigation with a minimal

    number of clicks determines the ease-of-users is in-store support. This support is

    difficult to organize and manage for quality as it is often outside of service providers

    own business realm. Endusers often perceive in-store support as inadequate and not

    fulfilling their needs. Many end-users complain about the service they have been

    given while visiting an outlet.

    Strategy

    "Wherever, whenever, we believe in communicating, sharing and in the

    awesome potential of connecting the 2 billion who do, with the 4 billon who don't" At

    Nokia, customers remain our top priority. Customer focus and customer

    understanding must always drive our day-to-day business behavior. Nokia's priority is

    to be the most preferred partner to operators, retailers and enterprises. Nokia will

    continue to be a growth company, and we will expand to new markets and businesses.

    World leading productivity is critical for our future success. Our brand goal is for

    Nokia to become the brand most loved by our customers.

    In line with these priorities, Nokia's business portfolio strategy focuses on five

    areas, with each having long-term objectives:

    Create winning devices Embrace customer Internet service Deliver enterprise solutions Build scale in networks Expand professional services

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    Mobile Phone Market in India

    Nokia market share in India fell from 56.2% share in 2008 to 54.1% in 2009. Local players have grabbed 17.5% market share [from 0.9%, a year back] Only 5 local manufacturers in 2008 and the number stand at 28 now! Samsungs share rose marginally to 9.7% from 9.5%

    Nothing much has changed in 2010 and here are the latest figures (comparison

    between 08-09 and 09-10, from Voice&Data)

    Nokia market share dipped from 64% in 08-09 to 52.2% in 09-10. Samsung gained the market share10% to 17.4% in 09-10. LGs market share increased marginally from 4.5% to 5.9%. Losers include Sony Ericsson (market share fell from 6% to 3%), Motorola

    (3.5% to 1%), ZTE (5.6% to 1.9%).

    Micromax has been one of the major winners, from nothing to 4.1% [drive byhuge advertising during IPL].

    Karbonns market share too increased to 3%

    As per Industry estimates, 108 million mobile phones were sold in the country in

    2009-10, resulting in sales of Rs 27,000 crore as against Rs 25,910 crore during the

    previous year.

    Nokias revenue too fell from Rs16,567 crore to Rs14,100 crore and the company is

    now betting big on services like messaging, life tools and digital music.

    Nokia of course leads the pack, but the surprise comes from Samsung.

    Samsung has overtaken Motorola in Indias handset market (for the third place), as

    per the latest ORG figures.

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    Handset Market Share:

    Nokia: 59.5% Sony: 8.1% Samsung: 7% Motorola: 5.9%

    Nokias success is mainly attributed to distribution deals they inked of the estimated

    79,000 retail outlets in India selling mobile phones, Nokia had a presence in 72,000 of

    themAt the same time, Nokias market share has gone down in the past few months,

    as the other handset vendors are building up a strong retail presence across the

    country.

    Nokia underperforms market growth in Q2

    Nokia reported second-quarter results in line with its reduced targets, with revenues

    up 1 percent from a year ago to EUR 10.0 billion and EPS falling 40 percent to EUR

    0.06. The Devices & Services division posted sales up 3 percent to EUR 6.8 billion, in

    line with the outlook issued in June for a result at the low end of the earlier guided

    range of EUR 6.7-7.2

    billion. The handset division's adjusted operating margin fell to 9.5 percent

    from 12.2 percent a year ago, and operating profit including exceptional items

    tumbled 16 percent to EUR 643 million. Nokia said the adjusted operating margin for

    the full year is now estimated at 10-11 percent, after the profit warning in June called

    for a margin at the low end or below the earlier range of 11-13 percent. Nokia said the

    upside is the market continues to show healthy growth, especially in less-mature

    markets where the company is strong.

    The Finnish group shipped 111.1 million phones in the quarter, up 8 percent

    from a year ago and up 3 percent from Q1. That was below the estimated market

    growth of 14 percent year-on-year and 5 percent sequentially. With the market

    shipping an estimated 338 million phones in the quarter, Nokia's market share was at

    33 percent, in line with Q1. Smartphone market share was also stable, at 41 percent,

    with Nokia shipments up 42 percent year-on-year and 12 percent from Q1 at 24.0

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    million. Despite the gowth in high-end devices, Nokia's average selling price fell to

    EUR 61 from EUR 64 a year ago and EUR 62 in Q1, due to price pressure and a

    higher proportion of lower-priced smartphones. The smartphone ASP fell 21 percent

    from a year ago to EUR 143. Nokia maintained its outlook for market volumes to

    grow around 10 percent this year, while its own market share should be unchanged in

    volume terms and slightly lower in value terms. The company forecast Q3 sales at the

    Devices & Services division of EUR 6.7-7.2 billion., and an adjusted operating

    margin of 7-10 percent. The group confirmed that the N8 will start shipping at the end

    of Q3, to be followed shortly by additional Symbian^3 devices.

    The company downgraded its outlook for Nokia Siemens Networks, saying it

    now expects the network equipment company to maintain its market share in 2010

    rather than outpace the market. The market outlook was maintained at flat in euro

    terms. NSN recorded Q2 sales of EUR 3.0 billion, down 5 percent from a year ago,

    while the operating loss showed little improvement at EUR 179 million versus EUR

    188 million last year. The company blamed the results on delays in orders in India due

    to the new security regulations there as well as component shortages; both of these

    situations are expected to improve in Q3. NSN's adjusted operating margin is still

    forecast at 2 percent for 2010, versus 1.7 in Q2. Sales for Q3 were forecast at EUR

    2.7-3.1 billion, with the margin ranging from a negative 2 percent to a positive 2

    percent.At Navteq, sales were up 71 percent from a year earlier to EUR 252 million,

    benefiting from improved conditions in the automotive industry and growth in mobile

    device sales. The operating loss decreased to EUR 81 million, compared with EUR

    100 million in the second quarter 2009.

    Nokia just published theirQ2 2010 financial results, and as always its a lot to

    take in since they provide an amazing amount of statistics. Lets go through the most

    important figures:

    Nokia had $10 billion worth of sales this quarter. Thats up 1% compared to

    the same quarter last year, and up 5% from the previous quarter. Of those $10 billion,

    Devices and Services net sales were $6.8 billion, up 3% year on year, and up 2% from

    the previous quarter. Reported profits come in at 295 million EUR, down 31% from a

    year ago, and down 40% from last quarter.

    http://www.nokia.com/about-nokia/financials/quarterly-and-annual-information/q2-2010http://www.nokia.com/about-nokia/financials/quarterly-and-annual-information/q2-2010http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.nokia.com/about-nokia/financials/quarterly-and-annual-information/q2-2010
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    Nokia shipped 111.1 million devices, up 8% year on year, and up 3% from last

    quarter. Of those 111.1 million devices, 24 million were smartphones. Thats up 42%

    year on year, and up 12% from last quarter. The average price of all the mobile

    phones Nokia sold was 61 EUR, down from 62 EUR in Q1 2010, and down from 64

    EUR in the same quarter last year. The average price of a feature phone sold was 39

    EUR, and thats 5% down compared to this time last year, and the same price it was

    in Q1 2010. The average price of a smartphone sold is 143 EUR, down 21% from the

    same quarter last year, and down 8% from last quarter.

    Nokia estimates that 338 million mobile phones were shipped in Q2 2010, up

    14% year on year and 5% compared to last quarter. That brings Nokias market share

    down to 33%, unchanged from the previous quarter, but down compared to the 35%

    share year on year. Nokia also estimates that 59 million smartphones shipped this

    quarter, up from 41 million a year ago, and from 52.6 million last quarter. Using those

    figures, Nokias share in the smartphone space is now 41%, same as it was last

    quarter, and same as it was a year ago.

    Sales in Europe (by volume) are up 9% compared to last quarter, and up 12%

    compared to the same quarter a year ago. Sales in the Middle East and Africa,

    traditionally Nokias most awesome territory, are down 5% compared to last quarter,

    but up 11% year on year.

    Margins continue to slip for the Devices and Services group, down to 9.5%,

    compared to 12.5% in the previous quarter and 11.6% a year ago. Nokias

    expectations for 2010 are flat device sales by volume, and lower value share

    compared to 2009.

    An investor call is due to take place in less than 2 hours. Any new information

    from that call or from analyst reports published somewhere else, will be added to the

    bottom of this blog post if something juicy turns up. This blogger is waiting to hear

    news about the CEO (pictured above) andwhen hell finally step down.

    http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/19/nokia-ceo-is-about-to-see-his-last-days-as-chief/http://www.intomobile.com/2010/07/19/nokia-ceo-is-about-to-see-his-last-days-as-chief/http://www.intomobile.com/2010/07/19/nokia-ceo-is-about-to-see-his-last-days-as-chief/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/19/nokia-ceo-is-about-to-see-his-last-days-as-chief/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/http://www.intomobile.com/2010/07/22/nokia-q2-2010-profit-down-31-year-on-year-units-sold-up-3-year-on-year-sos-send-help-now/
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    Some Achievements for Nokia

    Ranked No 1 Most Trusted Brand Survey by Brand Equity, 2008

    Ranked the No 1. MNC in India by Businessworld, Indias leading business

    weekly, 2006

    Ranked as the No. 1 telecommunications equipment vendor in the country byVoice & Data for five consecutive years2008, 2007, 2006,2005 and 2004

    Ranked as the 9th most powerful brand by Millward Browns BrandZ 2008 Ranked worlds 4th most valuable brand by Interbrand, 2007 Ranked Asias most trusted brand by the Media-Synovate, 2006

    Some of the Products that Nokia offers to Customers are:

    Nokia E75 Nokia E72 5230 Rs.7500 E63Rs.8500

    7020 Rs.4700 2730 classic Rs.4300 5130 XpressMusic 5030 XpressRadio

    Rs.4700 Rs.1700

    http://www.fonearena.com/nokia-5230_896.htmlhttp://www.fonearena.com/nokia-5230_896.htmlhttp://www.fonearena.com/nokia-e63_729.htmlhttp://www.fonearena.com/nokia-e63_729.htmlhttp://www.fonearena.com/nokia-7020_821.htmlhttp://www.fonearena.com/nokia-7020_821.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-E75_photos_773.htmlhttp://www.fonearena.com/nokia-7020_821.htmlhttp://www.fonearena.com/nokia-e63_729.htmlhttp://www.fonearena.com/nokia-5230_896.html
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    2323 classic Rs.2211 Nokia X2-01 Rs.4500 NokiaX3 touch and type

    Rs.10000

    Nokia X6 8GB Nokia C2 Nokia C3 Nokia 2690

    Rs.14499 Rs.2700 Rs.5749

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    CHAPTER-III

    CONCEPTUAL FRAMEWORK

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    Customer Satisfaction

    Introduction:

    Customer satisfaction, a business term, is a measure of how products andservices supplied by a company meet or surpass customer expectation. It is seen as a

    key performance indicator within business and is part of the four of a Balanced

    Scorecard.

    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.

    There is a substantial body of empirical literature that establishes the benefits of

    customer satisfaction for firms.Many organizations have not got a clue about how

    the customers perceive the goods and services they supply. Customers attitude to

    be that so long as people buy their products then the products must be accepted.

    Firstly, customer may buy a given product or services simply because

    there is no other option and they would prefer to purchase what you are offering

    them to go out altogether.

    Secondly, fact that a product or services may be accepted does not mean

    that it will continue to sell. Competitors may see opportunities, customer

    expectations may change customer tastes may move on. If standards dont rise and

    services evolve and then download sales will appear.

    A worse situation arises when the organization havent got a clue of the

    customers perceptions but think they have. Another situation is when the

    organization dont have clue of their customers perception and dont care either the

    organization may believe that it is a monopoly situation and its customers cant go

    else where. Sometimes organizations believe that it know that best what customer

    should want and therefore supply them with a centrally designed product.

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    If resultant product or service has defects, then it is perceived to be a problem for

    the customer. Some organizations solicit customer feedback or it any way whether

    they like it or not and then do nothing about it.

    Finally we come to the point where we realize how important customer

    feedback is in the case of organizations, which helps the organizations to determine

    how efficiently it is solving the customer and determine customer satisfaction. This

    feedback answers the following questions to find out.

    Who are your customers? Why are they likely to be your customer?

    What do your customers want? How does your customer feel? What do your customers think? How can you make your customers feel valued? What sort of initiatives would your customers appreciate? What can you do to keep your customers?

    Measuring customer satisfaction

    Organizations need to retain existing customers while targeting non-customers;.

    Measuring customer satisfaction provides an indication of how successful the

    organization is at providing products and/or services to the marketplace.

    Customer satisfaction is an abstract concept and the actual manifestation of the state

    of satisfaction will vary from person to person and product/service to product/service.

    The state of satisfaction depends on a number of both psychological and physical

    variables which correlate with satisfaction behaviors such as return and recommend

    rate. The level of satisfaction can also vary depending on other factors the customer,

    such as other products against which the customer can compare the organization's

    products.

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    Work done by Parasuraman, Zeithaml and Berry (Leonard L) between 1985 and 1988

    delivered SERVQUAL which provides the basis for the measurement of customer

    satisfaction with a service by using the gap between the customer's expectation of

    Performance and their perceived experience of performance. This provides the

    researcher with a satisfaction "gap" which is semi-quantitative in nature. Cronin and

    Taylor extended the disconfirmation theory by combining the "gap" described by

    Parasuraman, Zeithaml and Berry as two different measures (perception and

    expectation) into a single measurement of performance relative to expectation.

    The usual measures of customer satisfaction involve a survey with a set of statements

    using a Likert Technique or scale. The customer is asked to evaluate each statement in

    terms of their perception and expectation of performance of the service being

    measured.

    Improving Customer Satisfaction

    Published standards exist to help organizations develop their current levels of

    customer satisfaction. The International Customer Service Institute (TICSI) has

    released The International Customer Service Standard (TICSS). TICSS enables

    organizations to focus their attention on delivering excellence in the management of

    customer service, whilst at the same time providing recognition of success through a

    3rd Party registration scheme. TICSS focuses an organizations a ttention on

    delivering increased customer satisfaction by helping the organization through a

    Service Quality Model.

    TICSS Service Quality Model uses the 5 P's - Policy, Processes, People,

    Premises, Product/Services, as well as performance measurement. The

    implementation of a customer service standard should lead to higher levels of

    customer satisfaction, which in turn influences customer retention and customer

    loyalty

    Measuring customer satisfaction is a relatively new concept to many

    companies that have been focused exclusively on income statements and balance

    sheets. Companies now recognize that the new global economy has changed things

    forever. Increased competition, crowded markets with little product differentiation

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    and years of continual sales growth followed by two decades of flattened sales curves

    have indicated to today's sharp competitors that their focus must change.

    It takes continuous effort to maintain high customer satisfaction levels.

    As markets shrink, companies are scrambling to boost customer satisfaction

    and keep their current customers rather than devoting additional resources to chase

    potential new customers. The claim that it costs five to eight times as much to get new

    customers than to hold on to old ones is key to understanding the drive toward

    benchmarkingand tracking customer satisfaction.

    Competitors that are prospering in the new global economy recognize that

    measuring customer satisfaction is key. Only by doing so can they hold on to the

    customers they have and understand how to better attract new customers. The

    competitors who will be successful recognize that customer satisfaction is a critical

    strategic weapon that can bring increased market share and increased profits.

    The problem companies face, however, is exactly how to do all of this and

    do it well. They need to understand how to quantify, measure, and track customer

    satisfaction. Without a clear and accurate sense of what needs to be measured and

    how to collect, analyze, and use the data as a strategic weapon to drive the business,

    no firm can be effective in this new business climate. Plans constructed using

    customer satisfaction research results can be designed to target customers and

    processes that are most able to extend profits.

    Too many companies rely on outdated and unreliable measures of customer

    satisfaction. They watch sales volume. They listen to sales reps describing their

    customers' states of mind. They track and count the frequency of complaints. And

    they watch aging accounts receivable reports, recognizing that unhappy customers

    pay as late as possible -- if at all. While these approaches are not completely without

    Value, they are no substitute for a valid, well-designed customer satisfaction survey

    program.

    http://www.nbrii.com/Create_Surveys/Normative_Data.htmlhttp://www.nbrii.com/Create_Surveys/Normative_Data.htmlhttp://www.nbrii.com/Customer_Surveys/Satisfaction.htmlhttp://www.nbrii.com/Customer_Surveys/Satisfaction.htmlhttp://www.nbrii.com/Create_Surveys/Normative_Data.html
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    Customers:people or groups of people who purchase or use or consume your

    products and/or services

    Satisfaction: cognitive or affective reaction to overall experience encountered

    Customer Satisfaction: customers positive or negative feeling about the

    perceived value that was received as a result of using your products and/or services in

    specific use situation

    Business Definition for: Customer Satisfaction

    The degree to which customer expectations of a product or service are met orexceeded. Corporate and individual customers may have widely differing reasons

    for purchasing a product or service and therefore any measurement of satisfaction

    will need to be able to take into account such differences. The quality of after-

    sales service can also be a crucial factor in influencing any purchasing decision.

    More and more companies are striving, not just for customer satisfaction, but for

    customer delight, that extra bit of added value that may lead to increased customer

    loyalty. Any extra added value, however, will need to be carefully costed.

    Because the concept of customer satisfaction is new to many companies, it's

    important to be clear on exactly what's meant by the term.

    Customer satisfaction is the state of mind that customers have about a

    company when their expectations have been met or exceeded over the lifetime of the

    product or service. The achievement of customer satisfaction leads to company

    loyalty and product repurchase. There are some important implications of this

    definition:

    Theoretical over view on customer satisfaction

    Satisfaction in persons feelings of pleasure of disappointment resulting from

    comparing a products perceived performance (out come) in relation to his or her

    expectations.

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    Customer perceived value

    Our premise is that customers will buy from the firm that they see as offering

    the highest perceived value. Customer perceived value (CPV) is the difference

    between the prospective customers evaluation of all the benefits and all the costs of

    an offering and the perceived alternatives.

    Total customer Value is the perceived monetary value of the bundle of

    economic, functional and psychological benefits customers expect from a given

    market offering. Total Customer Cost is the bundle of costs customers expect to incur

    in evaluating, obtaining, using and disposing of the given market offering.

    Total Customer Satisfaction

    Whether the buyer is satisfied after purchase depends on the offers

    performance in relation to the buyers expectations. In general, satisfaction is a

    persons feelings of pleasure of disappointment resulting from comparing a product

    perceived performance (or outcome) in relation to his or her expectations. If the

    performance falls short of expectorations, the customer is dissatisfied. It is the

    performance matches the expectations, the customer is satisfied. If the performance

    exceeds the expectations, the customer is highly satisfied or delighted.

    Measuring Satisfaction

    Although the customer centered firm seeks to create high customer

    satisfaction, that is no its main goal. If the company increases customer satisfaction by

    lowering its price or increasing its services, the result may be lower profits. Even bad-

    mouth it. At levels two or four, customers are fairly satisfied but still find it easy to

    switch when a better offer comes along. At level five, the customer is very likely to

    repurchase and even spread good work of mouth about the company. High

    satisfaction or delight creates an emotional bond with brand or company.

    High satisfaction or delight creates an emotional bond with the brand or

    company, not just a rational preference.

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    Customer expectations

    From past buying experience, friends and associates advice, and marketers and

    competitors information and promises. If marketers raise expectations too high, thebuyer is likely to be disappointed. However, if the company sets expectations too low,

    it wont attract enough buyers (although it will satisfy those who do buy).

    Delivering high customer value

    The key to generating high customer loyalty is to deliver high customer value.

    According to Micheal planning, in his delivering profitable value, a company must

    design a competitively superior value proposition aimed at a specific market segment,

    backed by a superior value-delivery system.

    The value proposition consists of the whole cluster of benefits the company

    promises to deliver, it is more than the core positioning of the offering.

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    CHAPTER-IV

    DATA ANALYSIS

    &

    INTERPRETATION

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    Analysis and findings

    The total number of respondents of the survey is 50 from Warangal Dist.

    The main aim of the survey is to know the satisfaction level of the Nokia

    Services.

    The data collected is through primary source, through interviewing the

    concerned respondents by giving them a structured questionnaire, which includes few

    open-ended questions.

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    Q.No: 1) Do you have Own Mobile

    Table No. 1

    Option No. of respondents Percentage

    Yes 40 80%

    No 10 20%

    Total 50 100%

    Figure No. 1

    Interpretation:

    From the above table it is seen that 80% of the respondents are using Mobile

    products and remaining 20% of the people says no.

    80%

    20%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    Nokia Motorola

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    Q.No: 2) If you have own Mobile, which mobile you are using?

    Table No. 2

    Figure No. 2

    Interpretation:

    From the above table it is seen that 50% of the respondents have been using

    Nokia products. While 30% are been using Samsung, 10% of the people using

    Motorola &10% of the people using LG Products.

    50%

    10%

    30%

    10%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    No. of respondents

    nokia

    motorolo

    samsung

    LG

    Brand Name No. of respondents Percentage

    Nokia 25 50%

    Motorola 05 10%

    Samsung 15 30%

    LG 05 10%

    Total 50 100%

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    Q.No: 3) How do you know about Nokia Mobile?

    Table No. 3

    Source No. of respondents Percentage

    Mass Media 20 40%

    Publicity 10 20%

    Clients 15 30%

    Others 5 10%

    Total 50 100%

    Figure No. 3

    Interpretation:

    From the above table it can be seen that 40% of them came to know through

    Mass media, 30% of Respondents through clients, 20% of them through publicity, and

    10% of says that through others.

    40%

    20%

    30%

    10%

    0%

    5%

    10%

    15%

    20%

    25%

    30%

    35%

    40%

    45%

    No. of respondents

    mass media

    publicity

    clients

    others

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    Q.No: 4) From how long you are customer to the Nokia Mobile.

    Table No. 4

    Duration No. of respondents PercentageLess than one year 20 40%

    One year to two years 12 24%

    Two years to three

    years13 26%

    Above five years 05 10%

    Total 50 100%

    Figure No. 4

    Interpretation:

    From the above table it is shown that 40% of the respondents are using mobilefor less than one year, 24% of them says that they are using from one year to two

    years and 26% of them says that they are using from two years to three years and

    remaining says that they are using since five years.

    40%

    24%26%

    10%

    0%

    5%

    10%

    15%

    20%

    25%

    30%

    35%

    40%

    45%

    No. of respondents

    less than one

    year

    one year to

    two years

    two years to

    three years

    above five

    years

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    Q.No: 5) Which type of Mobile handset you are using?

    Table No. 5

    Type of mobile No. of respondents Percentage

    Color handset 25 50%

    Black & White 25 50%

    Total 50 100%

    Figure No. 5

    Interpretation:

    In todays busy world convenience seems to be the most overriding factor

    while preferring a cellular service. It is clear that 50% of the respondents have

    preferred the color handsets and remaining 50% says that they prefer Black & white

    handsets.

    50% 50%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    Colour Black & White

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    Q.No: 6) Which type of Model you are using in Nokia Mobiles?

    Table No. 6

    Model No. of respondents Percentage

    General Models 20 40%

    N Series 05 10%

    Flip Models 13 25%

    Slide Models 12 25%

    Total 50 100%

    Figure No. 6

    Interpretation:

    From the above table it is clear that 40% of the respondents are satisfied with

    the General Models, 25% of the respondents say that they are satisfied with Flip

    Models and Slide models and remaining 10% of respondents say that they are

    satisfied with N series.

    40%

    10%

    25% 25%

    0%

    5%

    10%

    15%

    20%

    25%

    30%

    35%

    40%

    45%

    General Models N Series Flip Models Slide Models

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    Q.No: 7) Do you think Nokia mobiles available to all types of People?

    Table No. 7

    Available No. of respondents percentage

    Yes 35 70%

    No 15 30%

    Total 50 100%

    Figure No. 7

    Interpretation:

    The above table indicates that 70% of the respondents say that those Nokia

    mobiles are available to all types of people and remaining 30% says no.

    70%

    30%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    80%

    Yes No

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    Q.No: 8) Which service you like provided by Nokia Mobile?

    Table No. 8

    Option No. of respondents Percentage

    Games 10 20%

    FM Radio 05 10%

    Music Player 15 30%

    Bluetooth 15 30%

    Any other 05 10%

    Total 50 100%

    Figure No. 8

    Interpretation:

    From the above table it is shows that 20% of the respondents like the serviceslike Games & 10% of then FM Radio, 30% them know about Music player and 30%

    of the people know about Bluetooth and remaining 10% says other.

    20%

    10%

    30% 30%

    10%

    0%

    5%

    10%

    15%

    20%

    25%

    30%

    35%

    No. of respondents

    games

    fm radio

    music player

    blue tooth

    any other

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    Q.No: 9) How do you feel about the customer care service of Noika mobile?

    Table No. 9

    Opinion No. Of respondents Percentage

    Yes 40 80%

    No 10 20%

    Total 50 100%

    Figure No. 9

    Interpretation:

    The above table is indicating that, from the total respondents of the survey

    80% respondents are satisfied by the customer care service and 20% says unsatisfied.

    80%

    20%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    80%

    90%

    No. of respondents

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    Q.No: 10) How do you feel the services offered by the Nokia mobile?

    Table No. 10

    Response No. of respondents Percentage

    Excellent 30 60%

    Good 10 20%

    Average 08 16%

    Poor 02 4%

    Total 50 100%

    Figure No. 10

    Interpretation:

    It is clear from the above analysis that the 60% of respondents feel Excellent,

    20% of them feel good, 16% of them are graded average and remaining 4% of them

    said poor.

    60%

    20%16%

    4%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    No. of respondents

    excellent

    good

    average

    poor

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    Q.No: 11) Do you recommend the Nokia Mobile to others?

    Table No. 11

    Recommendation No. of respondents Percentage

    Yes 47 94%

    No 03 6%

    Total 50 100%

    Figure No. 11

    Interpretation:

    Out Of the 50 respondents surveyed 94% of them are recommend the Nokia services

    to others and only 6% of the respondents says no.

    94%

    6%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    80%

    90%

    100%

    No. of respondents

    Yes

    No

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    Q.No: 12) Are you fully aware all the Features of Nokia phone?

    Table No. 12

    Type of service No. of respondents Percentage

    Yes 28 56%

    No 22 44%

    Total 50 100%

    Figure No. 12

    Interpretation:

    Out Of the 50 respondents surveyed 56% of them are fully aware of the Nokia

    Features and remaining 44% members are not on the features.

    56%

    44%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    No. of respondents

    Yes

    No

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    Q.No: 13) Who suggested you buy Nokia phone?

    Table No. 13

    Reference No. of respondents percentageFamily 12 24%

    Relatives 03 06%

    Friends 20 40%

    Advertisements 15 30%

    Total 50 100%

    Figure No. 13

    Interpretation:

    It is clear from the above analysis that the 40% of respondents are purchasing

    mobiles by asking friends, 24% of them family, 30% of them are advertisement and

    remaining 6% of them using relations.

    24%

    6%

    40%

    30%

    0%

    5%

    10%

    15%

    20%

    25%

    30%

    35%

    40%

    45%

    No. of respondents

    family

    relatives

    friends

    advertisemen

    t

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    Q.No: 14) Where you usually buy Mobile Phone?

    Table No. 14

    Place No. of respondents Percentage

    Priority outlet 25 50%

    Gray market 2 4%

    Dealers 11 22%

    Others 12 24%

    Total 50 100%

    Figure No. 14

    Interpretation:

    It is clear from the above analysis that the 50% of respondents purchasing Nokia

    mobiles at Nokia priority, 4% of them grey market, 22% of them choose dealers and

    remaining 24% of them choose others.

    50%

    4%

    22%24%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    No. of respondents

    priority outlet

    gray market

    dealers

    others

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    Q.No: 15) Are you satisfied with Advertisements of Nokia phone?

    Table No. 15

    Response No. of respondents Percentage

    High satisfied 12 24%

    Satisfied 33 66%

    Dissatisfied 05 10%

    Total 50 100%

    Figure No. 15

    Interpretation:

    From the above table it is clear that 66% of the respondents are satisfied with

    advertising, 24 % of the respondents say that they are high satisfied and remaining

    10% of respondents says that they are dissatisfied with the advertisement of Nokia

    phone.

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    No. of respondents

    24%

    66%

    10%

    High satisfied

    Satisfied

    Dissatisfied

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    Q.No: 16) Are you satisfied with services provided by Nokia mobile?

    Table No. 16

    Response No. of respondents Percentage

    High satisfied 04 08%

    Satisfied 30 60%

    Not satisfied 16 32%

    Total 50 100%

    Figure No. 16

    Interpretation:

    From the above table it is clear that 60% of the respondents are satisfied with

    services provided by Nokia, 8% of the respondents say that they are high satisfied and

    remaining 32% of respondents says that they are dissatisfied with the services

    provided by of Nokia mobiles.

    8%

    60%

    32%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    No. of respondents

    high satisified

    satisified

    not satisified

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    Q.No: 17) How do feel about Price of the Nokia Mobile is compare to other

    mobiles?

    Table No. 17

    Response No. of respondents Percentage

    High 37 74%

    Average 13 26%

    less 0 0%

    Total 50 100%

    Figure No. 17

    Interpretation:

    From the above table it is clear that 74% of the respondents are said that theprice of the Nokia mobile is high, 26 % of the respondents says that average.

    74%

    26%

    0%0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    80%

    No. of respondents

    high

    average

    less

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    Q.No: 18) Do you face any problems while operating Nokia Mobile?

    Table No. 18

    Response No. of respondents Percentage

    Yes 17 34%

    No 33 66%

    Total 50 100%

    Figure No. 18

    Interpretation:

    The above table is indicating that, from the total respondents of the survey

    34% respondents are having no problem and remaining 66% of respondents have a

    problem while using Nokia mobiles.

    34%

    66%

    0%

    10%

    20%

    30%

    40%

    50%

    60%

    70%

    No. of respondents

    yes

    no

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    Q.No: 19) Why do you choose the Nokia Mobile?

    Table No. 19

    Options No. of respondents Percentage

    Quality 20 40%

    Features 8 16%

    free service 5 10%

    Others 17 34%

    Total 50 100%

    Figure No. 19

    Interpretation:

    It is clear from the above analysis that the 40% of respondents are purchasing

    mobiles by quality, 16% of them features, 10% of them are free service and 34% of

    them using other advantages.

    40%

    16%

    10%

    34%

    0%

    5%

    10%

    15%

    20%

    25%

    30%

    35%

    40%

    45%

    No. of respondents

    quality

    features

    free services

    others

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    CHAPTER-V

    FINDINGS

    &

    SUGGESTIONS

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    FINDINGS

    From the above analysis I found that 80% of respondents using Nokia mobile. Many customers known about by Mass Media & Through Clients of Nokia

    Mobile

    I found that 10% of Respondents are using Nokia since 5 years, 90% ofrespondents are using from less than one year

    I found that equal percentage of people using the color, black & white mobiles In these color mobiles customers like to buy General Mobile models. Many respondents are like to have games, FM Radio, Music Player in their

    handsets

    From this analysis I found that 80% of customers are satisfied with the NokiaCustomer care services.

    I found that 60% of respondents feel that Services offered by the NokiaMobile are Excellent

    94% of respondents are like to recommend to others Many respondents are fully aware about the features of Nokia Mobile Many of the respondents are buy the Nokia because of their Advertisement

    campaigns

    Many respondents feel that The Prices of Nokia Mobiles are High Many respondents are like to buy at Nokia Priority Show Room only Many respondents are buy the Nokia Because of the Quality offered by the

    Nokia

    66% of the Respondents are said that they do not face any problem whileusing Nokia Mobile.

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    SUGGESTIONS

    The quality of the cellular service needs to be improved in terms of soundclarity and connectivity.

    Nokia should create awareness amongst its customers regarding variousservices that are being offered by it by increasing its sales promotion reach.

    Nokia should aggressively promote its offerings in various media and shouldconcentrate on hoardings and road shows and electronic media.

    Attractive schemes for owning the mobile instruments should be launched toattract more customers.

    Special promotional schemes to be launched especially to target youthsegment who take up the new product by having special packages.

    Nokia should try to focus on the after sales customer support as this isperceived to be a weak spot, by the consumers and should have responsive call

    centers to address the needs of its customers.

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    CONCLUSIONS

    The respondents are subscribers of Nokia, and they came know about theservice from hoardings, print media, primarily and through electronic media

    and road shows secondarily.

    The respondents are using Nokia since 1 year and below 1 year in most of thecases.

    The mobile service provided by Nokia is used by majority of the respondentsand the reason for choosing it is the quality of the service, followed by brand

    image.

    Customer satisfaction of the respondents towards Nokia is high; however asignificant number of the respondents are dissatisfied with its services.

    In purchasing Nokia products family appear to be the prime motivators of therespondents in making their purchase decisions, due to the special offers being

    targeted by the company at this segment. Most of the people fully aware about the Nokia mobile features except some

    illiterate.

    In purchasing the Nokia mobiles advertising, friends, family are playing majorroles. So the company needs to pay more attention on these.

    Most of the people feel that the prices of the Nokia mobiles are high compareto other mobiles.

    The customers are like the quality and features of the mobile. So they need tomaintain the quality of their products.

    The company needs to add the features to their mobiles. Like dual sim, 3g andother modern features.

    The service offered by the Nokia mobile is in satisfactory state. But they needto make the faster services to make high satisfied people.

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    ANNEXURE

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    BIBLIOGRAPHYReferences:

    Books:

    1. MARKETING MANAGEMENT

    - Philip Kotler

    2. PRINCIPLE OF MARKETING

    - Philip Kotler & Gray

    Armstrong

    3. MARKETING MANAGEMENT

    - Stanton

    4. BUSINESS RESEARCH METHODOLOGY

    - C.R. Kothari

    Websites:

    5. www.Nokia.com

    6. www.Nokia.org

    7. www.google.com

    http://www.nokia.com/http://www.nokia.org/http://www.google.com/http://www.google.com/http://www.google.com/http://www.nokia.org/http://www.nokia.com/
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    QUESTIONNAIRE

    Name of the respondent :

    Age :

    Gender :

    Address : Signature

    1. Do you own a Mobile? ( )a) Yes b) No

    2. If own Mobile, which Mobile you are using? ( )a) Nokia b) Motorola

    c) Samsung d) LG

    3. How do you know about the Nokia Mobile? ( )a) Mass Media b) Publicity

    c) Clients d) Others

    4. From how long you are customer of the Nokia Mobile? ( )a) Less than one Year b) One year to two years

    c) Two years to three years d) above five years.

    5. Which type of Mobile handset you are using? ( )a) Color handset b) Black & White handset

    6. Which type of Model you are using in Nokia Mobiles? ( )a) General Models b) N Series

    c) Flip Models d) Slide Models

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    7. Do you think Nokia Mobiles available to all types of people? ( )a) Yes b) No

    8.

    Which service you like to provide by Nokia Mobile? ( )

    a) Games b) FM Radio

    c) Music Player d) Bluetooth

    e) GPRS f) Any Other

    9. How do you feel the services offered by the Nokia Mobile? ( )

    a) Yes b) No

    10. How do you feel the services offered by the Nokia Mobile? ( )

    a) Excellent b) Good

    c) Average d) poor

    11. Do you recommend the services of Nokia Mobile to Others? ( )

    a)Yes b) No

    12. Are you fully aware all the Features of Nokia phone? ( )

    a)Yes b) No

    13. Who suggested you buy Nokia phone? ( )

    a) Family b) Relatives

    c) Friends d) Advertisements

    14. Where you usually buy Mobile Phone? ( )

    a) Priority outlet b) Gray market

    c) Dealers d) Others

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    15. Are you satisfied with Advertisements of Nokia phone? ( )

    a) High satisfied b) satisfied

    c) Dissatisfied

    16. Are you satisfied with services provided by Nokia mobile? ( )

    a) High satisfied b) satisfied

    c) Dissatisfied

    17. How do feel about Price of the Nokia Mobile is compare to other

    mobiles? ( )

    a) High b) Average

    c) less

    18. Do you face any problems while operating Nokia Mobile? ( )

    a) Yes b) No

    19. Why do you choose the Nokia Mobile? ( )

    a) Quality b) Features

    c) free service d) Others

    20. Any Suggestions you recommended of Nokia Mobiles.

    _______________________________________________________________

    __________________________________________________