Approval PDF
Approval PDF
Approval PDF
ON
“Influence of branding on consumer purchasing
behavior”
Submitted To Partial Fulfillment For The Award of Degree In
BACHELOR OF COMMERCE
(Affiliated to University of Lucknow, Lucknow)
COLLEGE OF INNOVATIVE
MANAGEMENT & SCIENCE, LUCKNOW
DECLARATION
I hereby af irm that this Bachelor's Thesis represents my own written work
and that I have used no sources and aids other than those indicated. All
passages quoted from publications or paraphrased from these sources are
properly cited and attributed.
17/May/2024
Date Signature
ACKNOWLEDGEMENT
71% of the respondents agree to the fact that well known brands
represents better quality whereas, 24% of the respondents remain neutral
and the rest 5% of the respondents disagree with the fact.
The history of branding goes back when people utilized burned mark on
cattle in order to identify the quality. Branding concepts have been used for
centuries around the world in different forms. The original inspiration for
branding came for craftsmen and others to recognize the fruits and their
labors, so that the customers could easily identify them. Furthermore,
branding and trademarks, was applied in past ancient pottery and
stonemasons marks, which was utilized to mark handcrafted goods to
recognize their source.
Every brand differs in names or symbols like logo, trademark, design and
packing. The products are recognized through these elements and thus
make it possible to differentiate one product from the other. A brand is a
signal to protect the customer from similar brand names and protect the
producer from the competitors.
Brands also have a symbolic value which helps the people to choose the
best product according to their need and satisfaction. Usually, people do not
buy certain brands just for design and requirement, but also in an attempt
to enhance their self-esteem in the society. Some brands have very strong
position in the market as they are more consumer friendly, and customer
purchases these branded products on trust and without any hesitation.
Most of the customers prefer to buy a branded product because they know
this product has been developed by maintaining the protocols, like from the
health and environmental prospective, quality etc. Most successful
companies prefer customer preferences and obtain customers input
through marketing research. Some companies introduce a latest technology
in new product according to customers demand and requirements e.g.
introduction of camera in cell phone, cell phone holder, charger in current
edition of branded cars etc. They also use latest machinery for improving
the product quality, shape, design, use of computer graphics in labelling of
the products etc.
Brands play vital role in the decision-making processes of the customer. It is
important for companies to ind out customer’s decision process and
pinpoint the criteria, which customers apply while making decision.
INDUSTRIAL PROFILE
•Tata motors have operations in India, the UK, South Korea, South Africa,
China, Brazil, Austria and Slovakia through a strong global network of
subsidiaries, associate companies and Joint Ventures (JVs), including Jaguar
Land Rover in the UK and Tata Daewoo in South Korea.
•Tata Motors continues to create segment-de ining products that will ire
up the imagination of customers - generation after generation; reiterating
the company’s promise of offering better journeys. With some of the
worlds’ most iconic brands, including Jaguar Land Rover in the UK, Tata
Daewoo in South Korea, and a network of 76 subsidiaries globally, the
company has consolidated its position as the Tata Motors Group.
•In India, Tata Motors’ presence cuts across the length and breadth of the
country with a manufacturing base spread across its biggest industrial
hubs; Jamshedpur (Jharkhand), Pune (Maharashtra), Lucknow (Uttar
Pradesh), Pantnagar (Uttarakhand), Sanand (Gujarat) and Dharwad
(Karnataka). Recognized for its world-class quality, originality, engineering
and design excellence, the company is on the path of shaping the future of
mobility in India.
•It will provide a digital ecosystem, which will be leveraged by Tata Motors
to support the mainstream business in the future.
WHAT IS A BRAND?
•Email Marketing – 64% of respondents will open an email if they trust the
brand and are loyal towards brand.
BUSSINESS MODEL
Brand serves as a pivotal role for distinguishing goods and services from
those of the competitors. Aaker (1991) and Murphy (1998).the emergence
of brand equity underlies the importance of brand in marketing tactics and
hence provides useful insights for managers and further research, Keller
(2003).
BRAND EQUITY
The term brand equity refers to a set of assets and liabilities associated
with a brand, including its name and symbol, which could impose bene icial
or detrimental effects on the values arising from the products or services
Aaker (1991) and Yasin et al. (2007). Added to this, Keller (1998) points
out that brand equity signi ies the unique marketing effects imposed on the
brand. Concerning the positive side of brand equity, it happens when
consumers are willing to pay more for the same level of quality just because
of the attractiveness of the name attached to the product Bello and
Holbrook (1995). However, brand equity could be ruined if it is not
properly managed. For instance, poor product quality and customer
services could adversely affect the brand image, giving rise to a reduction in
sales volume.
the consumers, brand equity could provide them with information about
the brand which in luences their con idence during the purchasing process.
There is a high propensity for consumers with good perceptions to buy
from the same shop again than those with poor perceptions. Past
purchasing experiences and familiarity with the brand could be attributable
to the perceptions generated from the consumers, Aaker (1991). As for the
irm, brand equity could also be a source for the irm to generate cash low.
For instance, the merger between adidas and Reebok in 2005 not only
increased their market share so as to compete with Nike in the US sports
apparel market.
BRAND AWARENESS
BRAND LOYALTY
Brand loyalty is one of the core components of brand equity and also
positively and directly affected brand equity, Atilgan et al. (2005). Under the
in luence of brand loyalty, consumers continue to buy the brand, regardless
of the superior features, prices and convenience owned by its competitors
Aaker(1991). The more loyal the consumers are towards the brand, the less
vulnerable the customer base would be. Based on the practice that repeat
buying is one of the indicators for brand loyalty, Keller (1998), however,
challenges that such measure may not be totally accurate. This is due to the
fact that some consumers make habitual purchase towards a particular
brand just because of its prominence in stock and effective promotions.
PERCEIVED QUALITY
It is basically the study of why, how, when and where the consumers do or
do not buy a particular product, taking in mind all the essential elements
such as psychology, sociology, economy etc.
•Cultural factors refer to the actual culture of the customers from which
they are originated and their regular habits
•Social factors refer to the social group a particular customer belong to and
choice of the product made by that particular group always
•Personal factors like age and personal interest of the customers towards a
particular product. Personal attributes of the customers like profession,
lifestyle and status of the customer are the driving factors towards this
attitude.
Branded products have higher reliability Non branded are less reliable in
factor. nature.
Higher quality products are served. The quality in these products are
not de ined.
Maybe low or moderate quality.
The comfort level is higher and is for The comfort level may be for short
long time. time.
Many times branded clothes satisfy the May be or May not be there.
consumer the more ,as the itting is
always satisfying
The branded products are costly and Non branded cloths are less costly
cannot be afforded by everyone. and is easily affordable.
The ive stages framework remains a good way to evaluate the customer’s
buying process. John Dewey irst introduced the following ive stages:
1.Problem/need recognition
This is often identi ied as the irst and most important step in the
customer’s decision process. A purchase cannot take place without the
recognition of the need. The need may have been triggered by internal
stimuli (such as hunger or thirst) or external stimuli (such as advertising or
word of mouth).
2.Information search
Having recognised a problem or need, the next step a customer may take is
the information search stage, in order to ind out what they feel is the best
solution. This is the buyer’s effort to search internal and external business
environments, in order to identify and evaluate information sources related
to the central buying decision.
Your customer may rely on print, visual, online media or word of mouth for
obtaining information.
3.Evaluation of alternatives
4.Purchase decision
The penultimate stage is where the purchase takes place. Philip Kotler
(2009) states that the inal purchase decision may be ‘disrupted’ by two
factors: negative feedback from other customers and the level of motivation
to accept the feedback. For example, having gone through the previous
three stages, a customer chooses to buy a new telescope. However, because
his very good friend, a keen astronomer, gives him negative feedback, he
will then be bound to change his preference.
Kent and Allen (1994) The study focused on brand familiarity’s role in
increasing ad memorability and moderating competitive interference. Their
indings suggest that established brands have important advantages in
advertising, consumers would be more likely to recall ad information and
their memory should be less affected by exposer to competitors.
Chaudhri and Holbrook (2001) The aims of the study are to review the
dimensions of customer based brand equity by drawing together strands
from various literature and empirical studies made within the area of
customer based brand equity. A conceptual framework for measuring
customer based brand equity is developed to provide a more integrative
conceptualization of brand equity.
Gil Bashe (2001) The report is on the efforts of pharmaceutical executive to
focus on consumers needs, value of customer relationship management,
signi icance of integrating a brand emotion ingredient in a marketing
strategy, challenge of maximizing total brand assets and elements of
successful marketing and sales campaigns.
Romaniuk and Sharp (2003) in his study he tested tree hypotheses about
the relationship between brand perception and loyalty. They found a. there
was little
evidence that any particular attributes are more related to customer loyalty
than other nor b. that there were speci ic brand positions that were
uniquely associated with higher loyalty.
Primary data:
Primary data is that data which mainly collected by the researcher on his
own to carry out the desired research. Collection of primary data is based
on interviews and takes more time than other processes. Primary data can
be collected from using questionnaires, interviews, focus group, and
observation. So for this purpose I will use the most popular tool of primary
data collection through direct communication with respondents.
Source of data: Data required for the study will be collected through
primary sources i.e. Market Survey
Secondary data:
Secondary data is that data which already been collected for other purpose
rather than the present purpose. This process of secondary data is
comparatively easy and information can be easily collected from different
sources. The sources of these data are research institutions, of icial
statistics, technical reports, scholarly journals, trade journals, review
articles, reference books and research institutions.
OBJECTIVES:
PRIMARY OBJECTIVE:
SECONDARY OBJECTIVE:
•To understand review and the de ine the attributes for”brand success
Measurement Development:
Demographic data used included gender, age, education and employment
status. The positive effects associated with the brand are measured by
means of a question relating to "the feeling of positiveness associated with
the given brand" and respondent is asked whether he/she "Agrees",
"Somewhat agrees" or "Disagrees". Purchase intention is measured by
using a 3- point Likhert scale with 1 being "very likely", 2 being "somewhat
likely" and 3 being "unlikely".
SURVEY FORM
Which of the following, according to you, help build a good brand image?
GOOGLE FORMS:
Forms are among the internet's most versatile tools. Whether you need a
contact form or a checkout page, a survey or a student directory, a form is
all you need to easily gather that information. With Google Forms, it only
takes a few minutes to make one for free. Google Forms along with Docs,
Sheets, and Slides is part of Google's online apps suite of tools to help you
get more done in your browser for free. It's easy to use and one of the
simplest ways to save data directly to a spreadsheet, and it's the best
sidekick to Google Sheets' spreadsheets. When you need to gather data for
your spreadsheets, a form is your best friend. In this chapter, let's take an
in-depth look at Google Forms' features, hidden tools, and add-ons to help
you make the forms you need in minutes.
PERCENTAGE ANALYSIS:
Percentage are used to understand and interpret data. The nth percentage
of a set of data is the value at which n percent of the data is below it. In
everyday life, percentage are used to understand values such as test scores,
health indicators, and other measurements. For example, an 18-year-old
male who is six and a half feet tall is in the 99th percentage for his height.
This means that of all the 18-year-old males, 99 percent have a height that
is equal to or less than six and a half feet. An 18-year-old male who is only
ive and a half feet tall, on the other hand, is in the 16th percentage for his
height, meaning only 16 percent of males his age are the same height or
shorter. The original variation between the actual value and the calculated
value extracted in the form of percentage is termed to be the percentage
error. This tool is used to measure whether the data collection is
progressing in the right direction and is mostly used by corporate
companies and statistic experts. If taken the context of academic career, the
percentage error formula is very crucial for the students pursuing their
degrees in the discipline of economics and science. While conducting a
study or calculations from the igures provided in a database, various
errors could occur. Majorly the percentage error formula is used to
determine how accurate the calculated value is by keeping in mind the
actual value. I mentioned in a very rough language, it is the variation of the
gap between the calculated value and the genuine value expressed in the
form of a percentage. Commonly, the extent of the percentage error is
expressed in the positive denominations, although having a negative
percent error is not a wrong approach. Relying on the sign of the
percentage error measure, it could be analyzed whether the calculated
value is being paced below or higher to the actual value. The tool of
percentage error formula is one of the most reliable and accurate tools in
calculating the relative error by keeping the original measure as the basis.
STATISTICAL ANALYSIS:
Inferential type:
As you see above, the main limitation of the descriptive statistics is that it
only allows you to make summations about the objects or people that you
have measured. It is a serious limitation. This is where inferential statistics
come.
Importance:
PERCENTAGE ANALYSIS:
TABLE 4.1.1 gender of respondents
1 Male 88 85.43%
2 Female 15 15.67%
Interpretation:
Inference:
4 Students 9 8.7%
5 Others 2 0.019%
Interpretation:
From the above table no of private employees are 54.36%, own business
are 24.27%, government employee are 10.67%, students are8.7% and
others are 0.019%.
Inference:
TABLE 4.1.3 From which source you get aware of tata cars of respodents:
S.no Particulars No. of. Response Percentage
1 Tv 41 39.80%
advertisement
2 From the user 19 18.44%
3 Self 16 15.53%
4 Online 14 13.59%
5 Newspaper 9 8.73%
6 Others 4 3.88%
CHART 4.1.3 which source you get aware of tata cars of respondents
Interpretation:
From the above table From which source you get a aware of tata cars tv ads
are 39.80%, from the users are 18.44%, self are 15.53%, online are 13.59%
,from newspaper are 8.73%and others are 3.88%.
Inference:
Majority (39.80%) of the respondents are aware the TATA cars from the TV
ads.
TABLE 4.4 Representing from what type of tata cars do you have of
respodents
S.no Particulars No. of. Response Percentage
1 Safari 26 25.24%
2 Nexon 21 20.38%
3 Manza 19 18.44%
4 Indica` 15 14.56%
5 Altroz 12 11.65%
6 Others 11 10.67%
Interpretation:
From the above table what type of cars do you have safari are 25.24%,
nexon are 20.38%,manza are18.44%,indica are 14.56%,altroz are 11.65%
and others are 10.67%.
Inference:
Majority (25.24%) of the respondents having safari cars.
1 Safari 26 25.24%
2 Nexon 21 20.38%
3 Manza 19 18.44%
4 Indica` 15 14.56%
5 Altroz 12 11.65%
6 Others 11 10.67%
Interpretation:
From the above table what type of cars do you have safari are 25.24%,
nexon are 20.38%,manza are18.44%,indica are 14.56%,altroz are 11.65%
and others are 10.67%.
Inference:
1 Quality 41 39.8%
2 Design 23 22.3%
3 Price 19 18.4%
5 Others 02 1.94%
Interpretation:
From the above table representing important attributes to buy a car are
from quality 40%,from design 22% ,from price are 18% , a well known
name are 18% , and others are 2%.
Inference:
4 No in luence 17 16.50%
Interpretation:
Inference:
1 Agree 43 47.57%
3 Neutral 17 16.50%
4 Disagree 06 5.82%
5 Strongly disagree 00 0%
60
17
43
37
chart 4.1.7 A well known branded car is always better quality than a less
branded car
Interpretation:
From the above table representing a well known branded car is always
better quality than a less branded car are agree 41.74%, strongly agree are
35.92%, neutral are 16.50% and dis agree are 5.82%
Inference:
Majority (41.74%) of the respondents are agree a well known branded car
is always better quality than a less branded car.
1 Yes 53 51.45%
2 No 31 30.09%
3 May be 19 18.44%
may be
19
no
31
yes
53
0 10 20 30 40 50 60
Interpretation:
From the above table representing does inancing in luence to buy a car yes
are 51.45%,no are 30.09% and maybe are 18.44%.
Inference:
1 No 41 39.80%
2 Yes 37 35.92%
3 Maybe 25 24.27%
Interpretation:
From the above table representing does brand promotion to buy a car no
are 39.80%, yes are 35.92% and maybe are 24.27%.
Inference:
Majority (39.80%) of the respondents are said no for brand promotion is
in luence you to buy a car.
1 Yes 46 44.66%
2 No 36 34.95%
3 May be 21 20.38%
Interpretation:
From the above table representing does offers make you to buy a car yes
are 44.66%, no are 34.95% and maybe are 20.38%.
Inference:
Majority (44.66%) of the respondents says offer make you to buy a car.
s.no Particulars No.of.response Percentage
1 Agree 30 29.12%
2 Disagree 26 25.24%
3 Neutral 18 17.47%
Inference:
Majority (29.12%) of the respondents are agree that brand has become a
status symbol.
1 Yes 63 61.16%
2 No 25 24.27%
3 Maybe 15 14.56%
Inference:
Majority (61.16%) of the respondents are said yes for focus on branding
while purchasing the product.
1 Agree 27 26.21%
2 Neutral 27 26.21%
4 Disagree 16 15.53%
From the above table representing does logo impact you to buy this brand
agree are 26.21%, neutral are 26.21%, strongly agree are 20.38%, dis agree
are 15.53% and strongly dis agree are 11.65%.
Inference:
1 Good 50 48.54%
2 Excellent 25 24.27%
3 Bad 20 19.41%
4 Fair 8 7.76%
From the above table representing how was your experience with tata
service center good are 48.54%,excellent are 24.27%,bad are 19.41% and
fair are 7.76%
Inference:
Majority (48.54%) of the respondents are says good for experience with
TATA service center.
1 Yes 62 60.19%
2 Maybe 30 29.12%
3 No 11 10.67%
Inference:
Majority (60.19%) of the respondents says yes for recommend the TATA
cars to others.
STATISTICAL ANALYSIS:
Chi square analysis:
Hypothesis:
Ho(null hypothesis) : there is no signi icant difference between a gender
and important attributes to buy a car
Hi (alternative hypothesis): there is signi icant difference between a
gender and important attributes to buy a car.
Inference :
Since p value is 0.045 less than a 0.5 null hypothesis is rejected and
alternate hypothesis is accepted.
ANNOVATEST:
Inference :
Since p value is .091 less than a 0.5 null hypothesis is rejected and alternate
hypothesis is accepted
LIMITATIONS
• The project did not cover the effect of branding on a very large scale.
Only a small population was studied, which may not be enough to
show correct picture.
• The consumers were very reluctant to answer the question and the
response may be biased.
FINDING
5.Majority (39.8%) of the respondents are aware the car from the TV
ADVERTISEMENT
Majority (29.1%) of the respondents are agree that brand has become a
status symbol
14.Majority (61.2%) of the respondents are agree that they are focusing on
brand while purchasing.
15.Majority (26.2%) of the respondents are agree that logo impacts to buy a
car
16.majority (39.8%) of the respondents are dis agree that available of spare
impact to buy a car
19.Majority (60.2%) of the respondents are said they will recommend the
tata cars to others.
SUGGESTION
• The charges for servicing the Four Wheelers may be slightly reduced.
• Some of the people are facing problems with mileage which should be
recti ied.
• As per the study after sales service, cleaning and servicing vehicles
should be given importance and improved.
CONCLUTION
The aim of this thesis was to determine the impact that a brand as on
the purchase decision making process of consumers as well as
throwing some light on the theories surrounding a brand and
consumer behavior. In conclusion, it has been found out that there is
some correlation between a brand and the behavior displayed by
consumers with regards to their purchase decisions. Consumers are
very much enlightened about the various brands on the market and
as such their mage is very crucial when it comes to making a
purchase decision especially at irst time. 55 Again family, friends and
reference groups do play a major role in affecting the purchase
decision-making of consumers. This calls for massive improvement
on the services rendered, innovation and differentiation as far as the
brand (s) is concerned in the organization or company.