CKPIM Business Review

Number Vol. 3 (3), 2015

03
Connect and Communicate: The Foundation of Family Business

Authors: Dr. Hitesh Shukla

Abstract

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Number of views: 357

The most important ingredient in the success or failure of a family business is the communication among key members of the family and business family. Most businesses can survive any threats; accept the communication and deterioration of interpersonal relationships that destroy the business and the family.

09
An Integrated Approach of Buyers’ Behaviour towards Real Estate Sector (With Special Reference to the Study of Indore City)

Authors: Dr. Ajay Khare and Mr. Pratik Jain

Abstract

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Number of views: 310

With growth in economy, investment in real estate is increasing. Investment in real estate properties is prudent at any point of time. In India, we are seeing year-on-year growth in the real estate sector. Consumers are expected to make real estate decisions that maximize their utility and wealth, given price and income constraints. The aim of this study is to examine the consumer’s house (real estate) buying behaviour from consumer’s perspective. This study has examined variables which affect the buyers’ behaviour such as location, risk, return on investment etc. and found that these factors have a great impact on buyers’ behaviour towards real estate sector. Addressing related issues through an understanding of behaviour of real estate buyer provide the means to explore the quality of past decisions and to make valid future decisions. Indore, an important city in India, has witnessed a high rate of growth in past few years. Increased demand for housing and investment in properties has led to increase in the rates of real estate. An attempt has been made to study the behaviour of buyer in association with the following variables such as location, price, return on investment etc. in Indore city.

16
A Study of Consumer Awareness: with special reference to implementation of the Consumer Protection Act, 1986 in Indore

Authors: Dr. Suresh Patidar

Abstract

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Number of views: 311

Today, India is a big market and crores of consumers in India are ready to buy any product offered to them by big multinationals as well as Indian companies. But this does not mean that whatever offered to them they will accept. The time has gone when the market was sellers market and consumers not raised questions about the quality of goods. Now they are testing each of the goods and services used by consumers and if that is not as per standards, consumers feel no hesitation to go to the consumer forums for compensation for defective goods or any kind of deficiency in services. In Indian legislative history the year 1986 will be remembered for passing a revolutionary Act for consumers i.e. The Consumer Protection Act, 1986.After enactment of this statute the vacuum in law fulfilled with respect to any specific law for settlement of consumer disputes. This act provides three-tier redressal machinery for speedy settlement of grievances of consumers. The state plays a number of roles, including administrative, legislative and many others. One of the functioning aspect of legislative role of state is to frame various laws, rules and regulations for the purpose of not only maintaining law and order in the society but also for providing a practical framework for the justice to the common man. Although the law providing protection to the consumer was framed way back in 1986, but whether or not it has resulted in increased awareness in the common man is a question yet not answered. In the changing world of global business, consumer is considered to be the king of the market and has become basic force behind various market indicators. But in developing countries like India, is the consumer still aware of this fact? To find out the awareness to this question is the essence of this study. Since long consumer protection rules and regulations have been implemented but then what is the outcome of implementation is a subject of research.