A brand is a symbolic embodiment oI all the inIormation connected to the product. A brand image may be developed by attributing a "personality" to a product or service. One goal in brand recognition is the identiIication oI a brand without the name oI the company present.
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Affect of Branding on Consumer Purchase Decision in Fmcg Goods and Durable Goods
A brand is a symbolic embodiment oI all the inIormation connected to the product. A brand image may be developed by attributing a "personality" to a product or service. One goal in brand recognition is the identiIication oI a brand without the name oI the company present.
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A brand is a symbolic embodiment oI all the inIormation connected to the product. A brand image may be developed by attributing a "personality" to a product or service. One goal in brand recognition is the identiIication oI a brand without the name oI the company present.
Direitos autorais:
Attribution Non-Commercial (BY-NC)
Formatos disponíveis
Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
FMCG GOODS AND DURABLE GOODS INTRODUCTION What is a BRAND? Brand recognition and other reactions are created by the use oI the product or service and through the inIluence oI advertising, design, and media commentary. A brand is a symbolic embodiment oI all the inIormation connected to the product and serves to create associations and expectations around it. A brand oIten includes a logo, Ionts, color schemes, symbols, and sound, which may be developed to represent implicit values, ideas, and even personality. Concepts Marketers engaged in branding seek to develop or align the expectations behind the brand experience, creating the impression that a brand associated with a product or service has certain qualities or characteristics that make it special or unique. A brand image may be developed by attributing a "personality" to or associating an "image" with a product or service, whereby the personality or image is "branded" into the consciousness oI consumers. A brand is thereIore one oI the most valuable elements in an advertising theme. The art oI creating and maintaining a brand is called brand management. A brand which is widely known in the marketplace acquires brand recognition. When brand recognition builds up to a point where a brand enjoys a critical mass oI positive sentiment in the marketplace, it is said to have achieved brand Iranchise. One goal in brand recognition is the identiIication oI a brand without the name oI the company present. For example, Disney has been successIul at branding with their particular script Iont (originally created Ior Walt Disney's "signature" logo) which it used in the logo Ior go.com. "DNA" reIers to the unique attributes, essence, purpose, or proIile oI a brand and, thereIore, a company. The term is borrowed Irom the biological DNA, the molecular "blueprint" or genetic proIile oI an organism which determines its unique characteristics. Brand equity measures the total value oI the brand to the brand owner, and reIlects the extent oI brand Iranchise. The term brand name is oIten used interchangeably with "brand", although it is more correctly used to speciIically denote written or spoken linguistic elements oI a brand. In this context a "brand name" constitutes a type oI trademark, iI the brand name exclusively identiIies the brand owner as the commercial source oI products or services. A brand owner may seek to protect proprietary rights in relation to a brand name through trademark registration. Brand energy is a concept that links together the ideas that the brand is experiential; that it is not just about the experiences oI customers/potential customers but all stakeholders; and that businesses are essentially more about creating value through creating meaningIul experiences than generating proIit. Economic value comes Irom businesses` transactions between people whether they be customers, employees, suppliers or other stakeholders. For such value to be created people Iirst have to have positive associations with the business and/or its products and services and be energised to behave positively towards them hence brand energy. It has been deIined as "The energy that Ilows throughout the system that links businesses and all their stakeholders and which is maniIested in the way these stakeholders think, Ieel and behave towards the business and its products or services." Attitude branding is the choice to represent a Ieeling, which is not necessarily connected with the product or consumption oI the product at all. Marketing labeled as attitude branding includes that oI Nike, Starbucks, The Body Shop, SaIeway, and Apple Inc. "A great brand raises the bar -- it adds a greater sense oI purpose to the experience, whether it's the challenge to do your best in sports and Iitness, or the aIIirmation that the cup oI coIIee you're drinking really matters." - Howard Schultz (CEO, Starbucks Corp.) The act oI associating a product or service with a brand has become part oI pop culture. Most products have some kind oI brand identity, Irom common table salt to designer clothes. In non- commercial contexts, the marketing oI entities which supply ideas or promises rather than product and services (e.g. political parties or religious organizations) may also be known as "branding".
OB1ECTIVE OF PRO1ECT WORK Main Objective:- The main objective oI research is to analysis how the brand eIIects the customer purchasing decision in FMCG goods and durable goods Sub Objective:- The sub objective oI research is to understand the choice oI the customer is branded or non- branded goods.
1USTIFICATION FOR CHOOSING A PARTICULAR RESEARCH PROPOSAL Branding can be viewed as a tool to position a product or a service with a consistent image oI quality and value Ior money to ensure the development oI a recurring preIerence by the customer. It is common knowledge that the consumer`s choice is inIluenced by many surrogates oI which the simplest one is a brand name. Although there may be equally satisIying products, the consumer when satisIied with some brand does not want to spend additional eIIort to evaluate the other alternative choices. Once he or she has liked a particular brand, he or she tends to stay with it, unless there is a steep rise in the price or a discernible better quality product comes to his/her knowledge, which prompts the consumer to switch the brand. Companies spend a lot oI money and time on the branding and thus it needs a careIul evaluation on the eIIect oI branding on consumer buying behavior.
"UESTIONNAIRE 1. Are you a brand loyal customer? Yes No 2. Which attributes did attract you to purchase branded products? Rank these attributes in order oI their importance to you. Brand Name Transparent Price Cleanliness Easy Availability Others 3. What was the reason Ior the delay between the purchase decision and the actual purchase? Financial constraints Waiting Ior more innovative product Waiting Ior market response 4. What inIluenced you to buy the above stated brand(s) ? Advertising Shop Display Word oI mouth Family/Friend/Relatives Attractive packaging Any Other Dealer 5. InIluence oI Brand name on purchasing decision Agree Disagree Strongly Agree Strongly disagree 6. InIluence oI Quality on Purchase Decision Agree Disagree Strongly Agree Strongly disagree 7. InIluence oI Price on Purchase Decision Agree Disagree Strongly Agree Strongly disagree 8. InIluence oI Product Ieatures on Purchase Decision Agree Disagree Strongly Agree Strongly disagree 9. InIluence oI Family members on Purchase Decision Agree Disagree Strongly Agree Strongly disagree 10.InIluence oI Peer group on Purchase Decision Agree Disagree Strongly Agree Strongly disagree 11. InIluence oI Advertisement on Purchase Decision Agree Disagree Strongly Agree Strongly disagree 12. Will you like to switch your brand preIerence iI you get some promotional scheme with another brand? Yes No 13. Do you think branded products are better than unbranded products? Yes No
NAME OF THE RESPONDENT: ADDRESS: EDUCATIONAL QUALITICATION: OCCUPATION: AGE: MONTHLY INCOME: