Contemporary Marketing (MindTap Course List)
17th Edition
ISBN: 9781305075368
Author: Louis E. Boone, David L. Kurtz
Publisher: Cengage Learning
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Chapter 9, Problem 7ALR
Summary Introduction
To discuss: A brand to which Person X is loyal with reason and the factor which can change the loyalty.
Brand loyalty refers to how strong the consumers are attached to the product of a brand.
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Provide an original example of a product or service to which you are brand loyal, meaning no other brand can be substituted. How long have you been using this particular brand? Explain the reasons for your brand loyalty.
Consider the four aspects of market segmentation, and describe how the company segments the market for this particular product or service.
Please read the following paragraph:
Brand loyalty is regarded as an important indicator of success in the marketplace for nearly a century. Businesses enjoy several benefits through loyalty, such as reduced marketing costs and less price sensitivity, which provide the organization with a significant competitive advantage. Behavioural, attitudinal and mixed measures frequently identify positive feelings and satisfaction as prominent antecedents of brand loyalty. Consumer with these positive feelings may come together and form brand communities and act as an advocate for the brand. The reasons behind this behaviour (forming a brand community) are seldomly discussed in previous literature. Therefore, this study tries to investigate the reasons of forming a brand community (coming together with other consumers of the brand).
Question : Please indicate your data collection method (qualitative or quantitative, first, and if you select qualitative please state which method you prefer), and…
Please read the following paragraph:
Brand loyalty is regarded as an important indicator of success in the marketplace for nearly a century. Businesses enjoy several benefits through loyalty, such as reduced marketing costs and less price sensitivity, which provide the organization with a significant competitive advantage. Behavioural, attitudinal and mixed measures frequently identify positive feelings and satisfaction as prominent antecedents of brand loyalty. Consumer with these positive feelings may come together and form brand communities and act as an advocate for the brand. The reasons behind this behaviour (forming a brand community) are seldomly discussed in previous literature. Therefore, this study tries to investigate the reasons of forming a brand community (coming together with other consumers of the brand).
Question : Please indicate which of the sampling techniques would you prefer and please state your reason.
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Contemporary Marketing (MindTap Course List)
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- Please read the following paragraph: Brand loyalty is regarded as an important indicator of success in the marketplace for nearly a century. Businesses enjoy several benefits through loyalty, such as reduced marketing costs and less price sensitivity, which provide the organization with a significant competitive advantage. Behavioural, attitudinal and mixed measures frequently identify positive feelings and satisfaction as prominent antecedents of brand loyalty. Consumer with these positive feelings may come together and form brand communities and act as an advocate for the brand. The reasons behind this behaviour (forming a brand community) are seldomly discussed in previous literature. Therefore, this study tries to investigate the reasons of forming a brand community (coming together with other consumers of the brand). Question : Please write two research questions for this problem . Please indicate which research design (exploratory, descriptive or causal) would you prefer to use for…arrow_forwardPlease list three (3) brands and companies you like and are loyal to. Why do you think you like and are loyal to these brands? List the name of a brand you can’t stand. Why not? View at least one (1) other post and respond to the post in at least 1-2 paragraphs. Choose one or more of the following ways to respond: Share specifically what you relate to regarding the other teams' brands and “How do these brands address the challenges and opportunities you perceive in the marketplace? Offer specific suggestions or insights from your perspective and experience as a consumer of your colleague's brand. Also, highlight what you have learned about marketing from this activity.arrow_forwardIs staying with the same product only a case of brand “loyalty”? Could other factors be in play that lead consumers or organizations not to switch brands? Explain your answer.arrow_forward
- What pitfalls might be associated with big-ife, especially in places that offer "boutique" appeal?arrow_forwardLego products are designed to last for generations.How might this level of quality affect Lego’s ongoing sales,both positively and negatively?arrow_forwardChoose a consumer product with which you are familiar and explain its branding strategy. What is the brand’s personality? What does the company do to differentiate the brand in its market? Explain if the brand has been or could be expanded.arrow_forward
- What is the Brand Loyalty in marketing? How to build Brand Loyalty? Why Brand Loyalty in marketing is so important? What are the most important elements of the Brand Loyalty? What is the relationship between Brand Loyalty and the consumers?arrow_forwardSuppose you have a leather Brand company tells about customer perceptions towards your brand company through sensation and Also includes self-concept and brand personality?arrow_forwardHermes is a brand of clothing and accessories. Brand managers at this company are trying to learn which internal influences impact their customers' needs and desires the most. Comment? Explain Brieflyarrow_forward
- Can every brand achieve resonance with its customers? Why and why not ?arrow_forwardIdentify one B2B company or organization that fits each of the following descriptions and describe why each belongs in the category: Producer Reseller Government Nonprofit organization Consider each of the following products and services. Evaluate each one based on utilitarian need and hedonic need: Trip to Las Vegas Subscription to Rolling Stone magazine Internet service College education iPod Touch Jessica wants to celebrate her twenty-first birthday in style. She bought a new outfit, had her nails done, and went to the tanning salon. She is not only having a party for one hundred of her closest friends, but she is going to broadcast it live on Facebook and Twitter while the party is going on. Which need on Maslow’s hierarchy is Jessica striving to satisfy? Assume you are a salesperson for Chevrolet and you are among the first to sell the new electric-powered car called Volt. Which need on Maslow’s hierarchy is the car designed to meet? Imagine you work in the communications…arrow_forwardCan a target market be identifiable, sizable, stable, and accessible, but not consistent with the brand?arrow_forward
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