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How Does Branding Affect Buyers Purchase Decision - Research Paper Example

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This paper "How Does Branding Affect Buyer’s Purchase Decision" discusses study that shows all the numbers that support consumers’ perceived interest in Brands. The reason for choosing a particular store given in the consumer decision map for apparel is at a high at 0.88. …
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How Does Branding Affect Buyers Purchase Decision
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Download file to see previous pages The scope of the study covers all kinds of buyers with different behaviours making buying decisions with regard to different brands. There is also a detailed study of the Consumer Decision Process. There is a good enough introduction on consumer buying process besides an extended and detailed introduction on Branding and Marketing emphasizing the difference between the two and how the concepts are different from each and in what way there can be a delineation between the two. There is an explanation on the different stages of Consumer Buying Behaviour, namely Need Awareness, Information Search, Checking Options, Purchase Decision, and Post Purchase Behaviour. There is also a detailed explanation on Types of Consumer Buying Behaviour in the form of Routine Response Behaviour, which is prevalent in the form of day to day items that do not need though process and are bought instantly, Limited Decision Making, which requires product research to an extent, Extensive Decision Making, which involves products that are unfamiliar, infrequently bought and expensive. The last form of Buyer Behaviour is the Impulse Buying that includes buying on an impulse. There is also a detailed talk about the effect of Brands on Buyer Behaviour, which includes concepts like Brand Loyalty, Influence of Brands on consumers and contribution of Brands in helping a Consumer in Buying Process, Co-relation between Brand Image and self-image, Brand Equity and so on. There is also an introduction of factors that influence Purchase Decision besides Brand. These factors are mentioned in the form of two main headings namely, Internal Factors and External Factors. Perceptions, Knowledge, Attitude, Personality, and Lifestyle are some such Internal Factors whereas Culture, Situation, are some of the External Factors. The final part of the study explains the general methodology to do research along with the secondary data collected. The methodology part also talks about CDP cycle in detail. The methodology part also tries to answer, why a consumer prefers some brands or stores over others and what are the basic reasons and linking factors connected to his choice. ...Download file to see next pagesRead More
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