It should not be surprising that marketing research plays a large role in a socialistic economy. While it is not all in the same direction and with same focus on marketing research in the free enterprise countries, those areas in which marketing is used are highly developed and extremely well implemented with audio visual technologies. Under planning the need for marketing research is vital. It is carried out by large national institutions of marketing research. These agencies service the planning board, the ministries, manufacturing enterprises along with audio visual companies and, to an increasing extent, foreign marketers.
The research institutes specialize in forecasting demand for specific goods and in obtaining data for and working with econometric models. Attitude research and various behavioral is much less important.
The number of studies conducted as well as the sample sizes of specific studies can be quite large. In Hungary, for example, the National Institute of Marketing Research operates six panels of 3,000 families each, with questionnaires mailed every two or three months and with 90 percent cooperation rates. The statistics descriptions of this panel operation are sufficient to cause only to western marketing researchers.
The mortgage calculator is a relatively new tool available to people wanting to organise their finances and save as much money as possible on everyday products that are essential to the financial health of every household. The majority of the tools available to people today have been introduced by companies on the Internet and they all tend to make life a little bit easier. The mortgage calculator most definitely does that!
Unlike other tools though, it could potentially help every household with an outstanding balance on its existing mortgage because it could help you to both compare deals and find better ones! The layout of the mortgage calculator is very simple. All you have to do is input a few details and it’ll do the rest of the work for you. The funny thing is though most people don’t know that it exists! If you happen to be one of them then you should really look into using it as soon as possible to see how much money you could save!
As a greater percentage of people are finding themselves in unmanageable debt, it is essential to look through all of the options open to you before filing for bankruptcy. There may be no need for you to declare yourself bankrupt at all because there are several solutions to the given problem of loans and credit card debts mounting up.
The IVA is becoming a more and more popular debt solution in the UK today because it can give you a fixed monthly payment that is significantly less than you are currently paying. Not only that, your debt would be paid off within five years, after which time you would be free! Sound like a good deal? That is because it is
Maruti reported 3Q net profit at Rs4.7 bn—a growth of 24% yoy and flat on qoq basis. 3Q EBITDA margin at 15% was lower 100 bps on account of higher raw material and royalty costs. Net sales at Rs46.7 bn grew 27% yoy on account of higher volumes and improved realizations. We lower our volume estimate for FY2008 by 1% as 3Q volume growth was lower-than-expected. We tweak our model to account for higher input costs and improved realizations. We maintain our BUY rating and target price of Rs1,200/share.
Net profit at Rs4.7 bn grew 24% yoy led by a 17% yoy growth in volumes 3Q FY2008 net profit at Rs4.7 bn (we estimated Rs5.5 bn) grew 24% yoy but was flat on a qoq basis. Net profit grew mainly on account of a 17% yoy growth in sales volumes. Average realizations increased 8% yoy due to a change in product mix with greater share of mid-size cars and MUV (Grand Vitara). Higher realization offset by rise in input costs and royalty payment EBITDA margins at 15% were lower 100 bps mainly on account of higher input costs and higher royalty costs in spite of average realizations being higher by 8% yoy— material costs increased 130 bps while royalty costs increased 27%. We believe rising input costs would continue to put pressure on margins even as increased sales of midsize (SX4) and compact cars would likely improve average realizations. We lower our volume estimate for FY2008 by 1% We lower our volume estimate for FY2008 by 1% as 3Q FY2008 volumes grew slowerthan- expected.
We now estimate FY2008 volumes to grow 19% (20% previously)— our residual analysis shows that Maruti’s volumes would need to grow 20% in 4Q to achieve this growth. We believe this is manageable given that 4Q sales have historically been stronger than other quarters. We retain our FY2009E and FY2010E volume estimates for Maruti at 967,000 vehicles and 1.1 mn vehicles respectively. We factor lower volumes for FY2008; marginally tweak our estimates to factor changes in input costs We lower our FY2008 net earnings by 10% to factor lower volumes and increase in input and royalty costs. We expect royalty costs to rise on account of increase in proportion of cars on which royalty needs to be paid and increase in average realizations (royalty is paid on the basis on realization per car). We believe this would result in marginal decline in EBITDA margins for FY2009E and FY2010E by 10-20 bps.
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