Question

In: Economics

Discussion Board: When a person buys the same brand over and over, does this mean it's...

Discussion Board:

When a person buys the same brand over and over, does this mean it's just a habit or is he or she truly loyal to that product? In some cases, it is just inertia, which means that it involves less effort to throw a familiar package into the cart. Brand loyalty is a totally different story. This describes a pattern of repeat purchasing behavior that involves a conscious decision to continue buying the same brand.  

As you might imagine, though both inertia and brand loyalty yield the same result, the latter is harder to achieve, but also much more valuable because it represents a true commitment by the consumer. One simple test that may help to tell the difference: If the consumer discovers that a store is out of his or her normal brand, will he or she just choose another one or defer the purchase to find this brand somewhere else?

Q1 Give an example of a brand you are loyal to and what purchase effort you have gone to or would go to acquire the product.  

Solutions

Expert Solution

If the consumer discovers that a store is out of his or her normal brand, will he or she just choose another one or defer the purchase to find this brand somewhere else?

Well, being a woman my answer is a big NO! And being a customer loyal to one particular brand doesn’t change too.

The costumer will choose an another brand only if he/she doesn’t have any other option except for going for another brand or if there is any discounts, offers or so, or he has any emergency for that particular product otherwise the preference is always to buy the brand you are loyal with.

If it is not available at a particular store the costumer could wait for its restocked if he could or else defer the purchase to find this brand somewhere else.

Give an example of a brand you are loyal to and what purchase effort you have gone to or would go to acquire the product.  

I am loyal to the brand ‘Marks and Spencer ‘.

The recent purchase effort I have done to buy this brand is to travel to different state just to go shopping for this particular brand. I heard a upcoming new stock update in only one of the state in the entire country which leads me to plan my vacations accordingly. And trust me with that my vacations were worth my spending’s.


Related Solutions

When Applying for a Job, What does it mean to establish a “professional brand”?
When Applying for a Job, What does it mean to establish a “professional brand”?
What does Foot mean when she claims that the word good means the same thing when...
What does Foot mean when she claims that the word good means the same thing when applied to features of humans as when applied to features of plants?
what does it mean when the instric value of a stock is considered over valued and...
what does it mean when the instric value of a stock is considered over valued and under valued. if a stock were to be either, what determines their value?
When does a corporation need a board of directors?
When does a corporation need a board of directors?
What does it mean for a person to have “dignity?”
What does it mean for a person to have “dignity?”
What does it mean to "make a name" for oneself? Does it always mean the same...
What does it mean to "make a name" for oneself? Does it always mean the same thing or not? Consider the example of Gilgamesh before he sets out to slay Humbaba in The Epic of Gilgamesh (p. 20) and the example of Genesis 11.4. What does it mean in each text, respectively, to make one's name?
Are the mean number of times a month a person eats out the same for whites,...
Are the mean number of times a month a person eats out the same for whites, blacks, Hispanics and Asians? White Black Hispanic Asian 6 4 7 8 8 1 3 3 2 5 5 5 4 2 4 1 6 6 7 df numerator and denominator = Write Ho and Ha What is the p-value? Do you reject or accept the null hypothesis at the 5% level?
what does it mean to say that the person objectifies himself in production what does it...
what does it mean to say that the person objectifies himself in production what does it mean to say that the product subjectifies itself in the person in consumption what is the difference between a product and a mere natural object
What does it mean that it's thermodynamically favorable or unfavorable? I am not sure.
What does it mean that it's thermodynamically favorable or unfavorable? I am not sure.
Class, does this mean that the income statement--with it's emphasis on the correct determination of net...
Class, does this mean that the income statement--with it's emphasis on the correct determination of net income--is less meaningful than the information found on the cash flow statement? Share your opinions here everyone, and support your views.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT