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Branding and its effect
The impact of branding on consumer behaviour
Branding and its effect
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Product
Brassington (2007) point out that product is not only the physical product, it also include brand, after-sales service, guarantees, installation and fitting which could help product to gain advantage in competitions. Kotler (2007)also point out that product is the goods which is easy for people to be attract, to contract, use and fulfil people’s desire. He also said that the product could be physical products, services, people and organizations.
Product range
A company could provide a single kind of product or various kinds of products to their client. Company provides a series product to customer to meet the needs of consumer. This group of products called a product range. Brassington(2007)state that the product range including
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As one part of product strategy, branding also has several kinds of strategies which is used in many occasions. Jobber(2003) stated that the brand strategies including the using family brand, individual brand, combination brand, brand extension brassington (2007)also stated the branding could bring some benefit to both consumer, manufacturer and retailer. On consumer side, a branded product is easy for them to recognize. During they purchase the product, buying a branded product will be less risk than purchasing an unbranded product. branding also can help manufacturer to differentiated with other similar product in the market, and easy to build the loyalty to the company’s product. to the retailer, a branded product sometimes could catch more attention of …show more content…
according to the IEG (2010) the global sponsor spending has reach $ 44 billion in 2009 which is 2.1 higher than the spending in 2008. McDonald (1991) state that sponsorship is a kind of serious promotion, it is intended to reach the marketing goal of company. Brassington (2007) point out that sponsorship could help company to build the positive attitude in consumer’s mind. Dibb(2006) also state that sponsorship is tool of public relation and it is a special area in promotion
Product is/are the products or services you offer and are they unique and different, superior in quality and easier to use. In my own opinion, the product or service is one the most important aspects of a successful business. If you have an item that the customer really wants they will drive out of their way to purchase it. They are usually willing to pay a higher price if the quality justifies it. When a local popular hamburger place open up in Phoenix, people drove long distances and sat in long lines just to bite into one of their juicy hamburgers.
In every given business, the name itself portrays different meanings. This serves as the reference point and sometimes the basis of customers on what to expect within the company. Since personality affects product image (Langmeyer & Shank, 1994), the presence of brand helps in the realization of this concept. Traditionally, brand is a symbolic manifestation of all the information connected with a company, product, or service (Nilson, 2003; Olin, 2003). A brand is typically composed of a name, logo, and other visual elements such as images, colors, and icons (Gillooley & Varley, 2001; Laforet & Saunders, 1994)). It is believed that a brand puts an impression to the consumer on what to expect to the product or service being offered (Mere, 1995). In other application, brand may be referred as trademark, which is legally appropriate term. The brand is the most powerful weapon in the market (LePla & Parker, 1999). Brands possess personality in which people associate their experience. Oftentimes, they are related to the core values the company executes.
As is well known, nowadays sponsorship takes an increasingly important role in sport revenue. The situation is that, sporting goods brands, including Nike, Adidas and Puma, enjoy high returns by high-investigate sponsorship. “The attitude toward both sponsors is significantly influenced by sponsorship awareness, while the attitude toward the sponsor was the strongest predictor of purchase intentions” (Rui Biscaia, Abel Correia, and Antonio Fernando Rosado, 2013). However, in China, the situation is quite different. In the past, most competitions depended on government allocations; now, however, increasing numbers of commercial competitions are privately held to satisfy the public’s growing demand, but privately held companies have always lacked the experience needed to search, collaborate and profit from sponsorship. (QUE Jian, TAN Ling, 2005) It is a good opportunity for Chinese privately held companies, especially sporting goods brands which are relevant closely to sports games to expand influence and popularity. Therefore, the purpose of this study is to present feasible strategies for Sporting Goods Brands in China to obtain satisfying sponsorships in China.
Brand; - brand is known as uniqueness in term of what products or service the company provides. Brand is also set of insight or image that represents seller. Brand defines symbol, name, term or feature of company’s service or goods. Example of popular brand is apple, Amazon and Samsung.
For instance, Primark 's products offer customers clothing as a base product, of witch actual benefits are being to be cheap and trendy, and they may have some return policy as augmented benefit in case of defects. Each product may be realised following a new product development process to improve its success rate (Harris and Schaefer, 2015, p.43-47).
1.Product: The product or service must be developed for the target market. In the airlines the product is not a physical item but services rendered. These services are not limited to but often include: Safety, timeliness (on-time arrivals and departures), convenience, in-flight services, and carrier’s image.
First of all, Product refers to the product should fit the task the target consumers want it for, it should work , and it should be what the consumers expected to get. For instance, its packaging, labeling and offering. Therefore, this always remind marketing managers need to do careful research on how long the life cycle of the product is likely to be and focus their attention on different challenges that they are facing when they are developing the product.
Promotion is to raise awareness of the sport marketer’s product, and to increase revenues in sales. Promotions are vital to the sports industry because it is how sport marketers advertise their products, and to raise awareness of the product and brand. An example of promotion would be when a professional baseball team has a promotional event such as a bobblehead give-a-way and a post game concert to raise attendance. This event raises awareness of the product, which would be the game, and promotes the sponsor who paid for the give-a-way. Sponsors seek to promote their brand, to create awareness for their product, and most importantly increase sale (Hickman, 170). Naturally sport franchises and sponsors fit together in give-a-ways because it mutually raises awareness for both entities. It is important that sport marketers utilize promotions because while it generates awareness among fans that do not closely follow the organization, it increases sales by bringing more people to the stadium. Promotions help improve image of the product, and place, while directly affecting price by improving
A product is anything that can be offered to the market in order to satisfy a want or need. Products include physical goods, services, experiences, events, persons, places, properties, organsiations, information and ideas. Therefore, it is a combination of products and service that are offered to consumers. For example, an individual might purchase a car and receive a significant amount of added after sale service. The two different aspects make up the product being offered to the consumer. A product can be described as tangible, physical entity that can be bought or sold. The target audience of the product is women of any age who would like to dress up well, wear beauty products such as fragrance items, skincare, etc. The USP is women of all
What is brand? Brand is a trade name which can distinguish from other product or service (Intellectual property office, 2013). Another meaning of the brand is to convey the promise or message to the customer (Intellectual property office, 2013). A powerful brand can lead the company to go further in the industry and it can develop the company's potential (Temporal, 2010). Therefore, brand is a signifying of the company.
Sponsorship is a heaven sent opportunity that allows consumer to experience the brand. Sponsorship “embraces” the consumers while advertising “wave at them”.
The term ‘Product’ can be defined as something that is offered to a market for use or consumption that meet the demands of the consumer’s needs. Products include more than just tangible items such as mobile phones, televisions, cars or clothing. Products can be defined as services, events or places. So for example, a Volkswagen Golf is a product as is your appointment with a dentist or doctor. In ‘Marketing: An Introduction by Kotler and Armstrong, they say that a product has 3 levels the core benefit, the actual product and the augmented product.
Every company creates marketing communications (marcoms) strategies that help boost the distinct competitive advantages of their products or services. Egan (2007) defined marcoms as “the means by which a supplier of goods, services, values and/or ideas represent themselves to their target audience with the goal of stimulating dialogue leading to better commercial or other relationships” (p. 1). The use of athlete endorsers is one of the more common marcoms strategies used as effective promotional tools that companies utilize to achieve their goals and objectives (Geurin-Eagleman & Clavio, 2015; Smith & Sanderson, 2015). According to Badenhausen (2015), the world’s 100 highest-paid athletes made $3.2 billion over a one-year period (2014-15).
Brand is a name, symbol, design, term, sign or a combination of all of these items which is intended to identify and differentiate the goods and services of one seller from their competitor (Kotler, 1997). A particular brand can reflect consumer status in society, lifestyle and economic background, and influence consumer behaviour. Traditionally, brand was used to distinguish two different products and as a mark of identification. Blijlevens, Creusen and Schoormans (2009) indicate product differentiation through branding is desirable for both the consumers and producers. Brand names present an identification and information of a particular product to the potential buyers on what the product means while making it convenient for the consumers to summarize their feelings, knowledge and experiences (Rubio, 2014). Brand name enable consumer compared the product to others attributes such as price, quality, past experience and design. Besides, branding help consumers to save time searching for information about a product they
The American Marketing Association states “a brand as a name, term, sign, symbol or/and design intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competitors of a brand is not just a value generating entity relevant”. However, it can further be said that identifying and differentiating of a product or service only makes sense when the brand offers value.