How Branding Influences Consumer Behavior
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NEW Branding refers to the process of creating a unique name, symbol, or design that identifies and differentiates a product or service from those of competitors. It involves creating a brand image and personality that resonates with consumers and inspires brand loyalty.
How exactly does
branding influence consumer behaviour?
- BRAND RECOGNITION AND RECALL - Consumers are more likely to (repeatedly) purchase products from brands they recognize and remember.
- EMOTIONAL APPEAL - Brands that evoke positive emotions and create a strong emotional connection with consumers can influence their behaviour and lead to brand loyalty.
- PERCEIVED QUALITY - Branding can influence consumers' perceptions of a product's quality and value - even if the actual product quality is similar to that of competitors.
- SOCIAL STATUS - Brands can be associated with certain social status or lifestyles, which can influence consumers' desire to purchase and use them.
⇨ Did I cover all mechanisms in which brands influence buying behavior? Drop a comment and make this list complete...
13-5-2023