Marketing is a business with the specific product or service in terms of the customer’s needs and their satisfaction. In order to extend the cognitive of the product in consumers’ mind, brand name and logo both are the main elements of a product and enterprise identity as they play a significant role in the communication between the product and consumer; however, name and logo are the first impression given by the product to consumers’ mind, therefore is one of the main reason why they both are a main component of a product. The article of rebranding mergers has stated how attitudes influence consumers’ choices, and this report aims to point out few interest and considerable topics, which basic about the influence of consumers’ buying attitude …show more content…
According to Chisnal(1995) and Engel et al (1995), brands attitudes are a composite of three different dimension: Cognitive, affective and behavioral). These three dimensions are highly inter-dependent and are forces to influence on customer’s attitude.
Moreover, the article of rebranding mergers has stated how to decide the new identification after rebranding mergers. As we know that name and logo are both the most important component of guest impression. Therefore, the company should pay attention to the typology of the corporate identity structures. 1) One of the corporate brands’ name and logo: This decision usually happens when the lead organization wants to create a strong corporate brand. Using the original brand name and logo has a good influence since the corporate has certain popularity, people can identify the product when they look at the original name and logo. 2) One of the two corporate brands’ name and new logo: Using one of the two corporate brands’ name can inherit the history and attributes of the original brand. People always choose the famous brand no matter the quality is very similar or the price is higher.
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Consumer’s evaluation and attitude also distribute a significant influence to the brand and the brand alliance, it could influence the predisposition to behave towards a particular brand. Therefore, brand attitude is a principal factor that generates positive or negative impact towards the brand. There are three dimensions that are leading to influence on customer’s attitude. First, Cognitive dimension is a consumer’s beliefs and knowledge of a brand, which means a brands sign with a high awareness and familiarity have an important impact on consumers purchase attitude. Second, affective dimension is about the emotions and feeling of consumers towards of brands. According to Chaudury and Holbrook (2001), a strong influence from affective is related to purchase loyalty and attitudinal loyalty. Emotion and feeling would be the drivers of brand loyalty, that means the consumers are using or to repurchase a particular brand. Pricing or quality would not be a reason to affect brand loyalty consumers of their purchase behavior; furthermore, the linkage between brand loyalty customer and brand can distribute a positive impact towards brand alliance. Last but not least, behavioral dimension is an intention of what consumer plans to do. Being a brand client will have a significant impact on consumers’ preferences regarding the different corporate identity redeployment
Today I tried the Dollar Tree hot chips (I did not buy them) and they were disgusting, so most definitely there are some items that I much rather prefer to be name-brand than store-brand. I have always tried to give certain store-brand items a chance and save a few dollars. Some make the cut and some literally get cut and go into the trash. One example I will forever remember was when I tried the canned mixed veggies once compared to Del Monte’s; the quality difference was noticeable the instant I opened it and the taste EWWWW, I’ll never give that item another chance. There are some names brand I have 100% brand loyalty to; I blame my mother she never let us try anything different, has to be Best Food 's Mayo, If this woman shows up to my
“The security of buying a name brand product may cost you a little extra, but is it worth it when the generic or store brand version of the same item is sitting right there on the store or supermarket shelf?” At the dollar store 75% of their stores are filled with off name brands because they can’t afford to get the name brands so they just choose to get off name brands. “Dollar Tree competes in the dollar store and low-end retail markets. Each Dollar Tree stocks a variety of products including national, regional, and private-label brands.” This shows that dollar tree stores are really meant for having off name brands at their stores, and that’s really bad for the original
Individuals have become extremely picky when it comes to the products they invest their money in these days. There are numerous choices for each product out there. How does the consumer decide which company they should purchase their products from? How does a company ensure they are the company that fulfills their customers wants and needs? There is not a blueprint or set of instructions for companies to follow in order to ensure their success in the business world.
Both can significantly aid a business. For example, Nike has trademarked their iconic “swoosh” logo. No matter which country one is in, the logo is recognized, thus for a global business, a trademarked logo is crucial. Third, trademarks spark innovation. Trademarks never expire, thus if a logo is trademarked, no one else can use it.
If a brand has a good reputation, customers and businesses, are more likely to purchase that brand. Examples include logos and packaging. (B2B and B2C Similarities and Differences , n.d.) These need to capture the attention of their customers because businesses have competition and therefore need to stand out.
This helps TaylorMade stand out because of all the accessories it has to offer that many other companies cannot. TaylorMade has made a quality brand reputation that helps many customers come back. However, a major downside to TaylorMade is the price. TaylorMade is known for its quality and well know brand products, which have caused it to range higher in price. Its biggest competitor Titleist also ranges higher in price making it come down to the consumer of what brand to buy.
Indeed people prefer to buy branded products from non-branded products, also whit an increased price. Gladwell in the chapter 4th of his book explain the example of L’Oreal, an expensive but fashionable product. It give to the company a big profit. indeed Ilon Specht in one of his most famous thoughts says: “ I use the most expensive hair color in the world, but I don’t mind spending more for L’Oreal, because I’m worth it”(Gladwell pag. 98). This sentence was used to underline the importance and the quality of that particular brand.
Brand can be established on different basis. Maybe quality or status. Therefore, companies use price-skimming strategies to reach their target markets and successfully establish their brands. But quality also matters. • Attract Status Conscious Consumers
Brand loyalty is a focal point of interest for marketing researchers. From past research stated that loyal customers spend more than non-loyal customers in purchasing. Much of the research over the past three decades looks into consumer loyalty from two perspectives which are behavioral loyalty and attitudinal loyalty (Bandyopadhyay & Martell, 2007; Dick & Basu, 1994). Behavioral loyalty means the frequency of repeating the purchases. Which attitudinal loyalty refers to the psychological commitment that a consumer makes in the purchase, example like intentions to purchase and intentions to recommends.
In addition to which other factors namely brand image and desired attributes pertinent to the product were also looked upon
Other reviews by (De Chernatony and Mc William 1990; Caldwell and Freire, 2004; De Chernatony, 2010) suggest brand definitions based on emotional and rational factors, indeed most definitions embrace this approach in some ways (Hart and Murphy, 1998). A brand is multidimensional constructs whereby managers augment products or services with values and this facilitates the process by which consumers confidently recognise and appreciate these values (De Chanatony et al
The brands set different prices of its product base on design, size and heritage. This is due to brand loyalty that each brand possesses by each luxury group. Particularly put extensive brand portfolio to cover different customer segments. As such, the brand is niche in the market leading to rivalry of the competitors in this industry to
Consumer is one who consumes the goods & services product. The aim of marketing is to meet and satisfy the Consumer needs and wants. The modern marketing concept makes customers the centre stage of organisation efforts. The focus, within the marketing concepts is to reach target and largest customer’s sets ball rolling for analysing each of the conditions of the target market1. Consumer behaviour can be defined as “the decision making process and physical activity involved in acquiring, evaluating, using and disposing of goods and services”.
• Consumer Awareness Many studies have been done on consumer perception and awareness about brand. Keller (1993; 1998) described consumer perceptions about brands as brand knowledge, which consist on brand image and brand awareness. Hence according to Keller Brand awareness means recognition and recall of brand. Brand Image is defined as,“a perception about a brand which is reflected by the brand associations and it is held in consumer memory” (Keller).
Introduction At the start of this course, I had no idea what to expect. This is due to the fact that marketing is a field that offers a combination of so many different disciplines such as art, psychology, and statistics. I encounter marketing on a daily basis but have strangely enough not reflected too much about it. Nevertheless, it is a very interesting subject, which deals with promoting and selling services and products.