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The impact of brand on consumer buying behavior
Effect of brand on consumer behavior
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As the wheels creep into the clearly marked parking spot, my foot presses the brake pedal, which brings my truck to a stop. I reach up to the handle on the steering console and place the vehicle in park. I grab the black gym bag that is lying on the passenger seat as I open the driver side door to exit. I step out and close the door. I don’t notice that my tank top has snagged the seatbelt and is caught as I jump down and out. Damn, now I’m standing there in a ripped shirt, needing a new one. As I start thinking about this new need of mine, a few things cross my mind. What type of shirt should I get? What color? Where will I get this new shirt? But the ultimate question, what “brand” should I get? That question leads me to contemplate some adverse views on brands and the roles they play within the market place, corporations and the consumers. As I set out to present my own opinion about brands there are a few questions that I will attempt to answer.
Why are “brands” so important when it comes to consumer goods? Many have provided their
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This development allows the company to be innovative and produce innovative products. It also places them in a position to ensure their products are of high quality, which depending on the brand name usually means you get a fairer price on a quality item. It also allows the companies to focus on the customer. The consumers needs and wants is the corner stone of any brand name or neuroscience research. We may have switched direction from the mass production that took place in big factories around the United States. A new wave of production is amongst us which isn’t focused on mass production but on the projection of brands. Some view this as a negative and fear where we are headed. I view this as innovation and growth, leading to my own satisfaction as I purchase my Nike shirt to replace the one I
Companies realize what people need and they take it as sources to produce commodities. However, companies which have famous brands try to get people’s attention by developing their products. Because there are several options available of commodities, people might be in a dilemma to choose what product they looking for. In fact, that dilemma is not real, it is just what people want. That is what Steve McKevitt claims in his article “Everything Now”. When people go shopping there are limitless choices of one product made by different companies, all choices of this product basically do the same thing, but what makes them different is the brand’s name. Companies with brands are trying to get their consumers by presenting their commodities in ways which let people feel impressed, and that are some things they need to buy. This is what Anne Norton discussed in her article “The Signs of Shopping”. People are often deceived by some famous brands, which they will buy as useless commodities to feel they are distinctive.
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.
This is a good question. Walmart started as a small five and dime in the city of Bentonville, Arkansas by a man named Sam Walton. After a great success Sam and his wife Helen moved to Rogers, Arkansas where he opened his very first Walmart. He had some retailing experience after his time in the war and he chose Bentonville for the hunting season and because his wife wanted to live in a small town. His ideas of not pocketing extra cash from manufacturers, but rather giving deals to customers and trying to make profit off of how much he sold, changed the way retailers make money in America. Sam had a cheap mindset, not only for his customers, but for himself. Even when he became the richest man in America he continued to get his hair done for
Video marketing is the use of videos to market or promote a brand, service or product. A video is a more vivid, lively and memorable presentation of the marketing message, which results in enhanced search engine ranking, more conversions and click through rates, and better sales. Depending on their marketing plans and goals, companies can use live event videos, customer testimonials, explainer videos, how-to videos, entertainment (viral) videos and corporate training videos, among others, to pass their brand messages more persuasively, briefly and effectively. Today, online video marketing has become popular because it is cheaper to implement and the videos can be distributed on channels like YouTube with amazing ease.
Historically, brands were “a form not of exploitation, but of consumer protection. In pre-industrial days, people knew exactly what went into their meat pies and which butchers were trustworthy; once they moved to cities, they no longer did.
It is widely understood from the communication research that organisations are gradually having their corporate websites to deliver corporate identity through their strategic use of information and message. The corporate identity through the strategic use of information in the website depicts the organizational image that imply their commitment to the ethical practices and social responsibility.
Green is good. Political color-coding and branding as of late associates the adjective “green” with nature, with balance, and with a sense of regard toward Earth. Greenpeace, Green Party, Going Green. Owing in part to basic consumer awareness, shifting political winds, and ever-evolving market sensibilities, advertising has grown much greener in the past few decades. However, the idea of green advertising offers a striking contradiction. With the basic philosophy of advertising essentially dirty and “brown,” and with the tenets of pure capitalism fundamentally opposed to a truly ecological society (Corbett 237), the term “green advertising” offers little more than an oxymoron. Though research on marketing trends indicate a decline in pandering
A company’s brand is one of its most valuable assets (Green and Smith 2002). Brands owners invest millions of dollars every year in advertising and promotion to raise awareness and create demand for their brands.
Brands have always been seen as elements that act as identifiers of products and the organizations that make them by various bodies and individuals in the marketing study (Kotler 200, p. 396, American Marketing Association, Wood, 2000). From this view, it can be extrapolated that as long as someone can make his product identifiable via some added visible indicators, he has made a brand. It is by this idea that Keller (2003) writes, “technically speaking, then, whenever a marketer creates a new name, logo, or symbol for a new product, he or she has created a brand” (p.3). This has been the idea for a long time as brands were treated in an off-hand fashion as part of the product (Urde, 1999). However, since brands are the first thing a customer is exposed to before using the product, communication strategies started working toward exposing brands and creating brand image. These strategies aimed to show the customer that the particular branded product offered added value to the customer. The change in the view of brands is seen in de Chernatony and McDonald’s (2003) definition of a succ...
Certain things in commercials, music videos, movies, and even political ads can help create an undeniable mood, gain attention, or persuade the audience. The presidential campaign ads that can be seen on television are well made and have immense impacts on the viewers. Campaign ads have been used for a number of years; as a result, Hillary Clinton and Donald Trump use ads to gain more support from voters. However, some campaign ads are more effective than others. The campaign ad “I Love War” attacks Donald Trump, and this ad is the most effective one due to the use of images and image enhancers, music, phrasing, and display of text.
Due to the fact that changing times imply as well a change of society and its changing wants and needs, companies have to be aware that a brand’s position should be adapted to a newly developed lifestyle. “All brands need to be revital-ized on a regular basis in order for them to be kept fresh, vital, and relevant to the contemporary market.” (Keller/Sterthal/Tybout 2002, p. 86).
Brand give information to customer about product. When customers purchase a product, they compare the product with others that in same category and generally brand name is the most effective factor to choose one of them. Brand tells everything about product in terms of quality , features generally. According to Fabrice Larceneux & Florence Benoit-Moreau & Valérie Renaudin, they said that: “We investigate the marginal value of an organic label that appears in combination with a brand, including whether that value varies for brands with high versus low equity. When a brand enjoys high brand equity, consumers feel confident that they know and can trust its product characteristics, so they may consider the organic label less useful.”(2012, p. 86)
Brand is the name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of others. Initially, Branding was adopted to differentiate one person's cattle from another's by means of a distinctive symbol, and was subsequently used in business, marketing, and advertising.
Corporate Communication is gaining immense importance in today’s changing times. In the digital age, the biggest challenge for an organization is to remain consistent across traditional as well as new media. Corporate identity management imparts consistency to an organization’s messaging and gives it a personality (emotional, friendly, reliable, trustworthy, simple etc.). Also, Corporate Brand defines the firm that will deliver and stand behind the offering that the customer will buy and use. The corporate brand has access to organizational as well as product associations and represents the organization that stands behind its products. While corporate identity heavily
...& MAKLAN, S. 2007. The role of brands in a service-dominated world. Journal of Brand Management, 15, 115-122.