Brand loyalty is defined as "a deeply held commitment to rebuy a preferred product or ervice consistently in the future, despite situational influences and marketing efforts having he potential to cause switching behavior" (Oliver, 1997, p. 392). Create three questions in a Likert format, which tightly reflect the above'definition well.
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- 1. Sara is aware of many different brands of food processors, but she is only considering seriously three of these brands. These three brands that Sara is evaluating constitute her ____. Select one: A. Alternative set B. Awareness set C. Preferred set D. Evoked set E. Evaluative Criteria 2. Lara noticed that she was running out of gas. She pulled into the closest pertrol station and filled up the tank. Lara's decision on which gas to purchase is characterized by ____. A. limited decision making B. A high level of cognitive processing C. Extended decision making D. A high level of affective processing E. A low level of purchase involvement. 3. Most purchases in supermarkets are unplanned. Select One: A. True B. False As soon as possible urgent With Explanation1. Based on the first chart (overall scores), which brand/s is/are the better performing ones (where the consumers’ attitude is more favorable)? Which is/are the poorer performing brand/s? 2. Based on the 2nd chart, which product attributes are the most important to consumers in their purchase decisions? Which ones are of lesser importance? 3. What particular attributes of these products perceived as superior (that is, why are they considered to be the best)?8. Cues - the norms of a product, what one normally thinks of certain product types or brand. You will need to do a bit of research here. Provide an example of a cue/cues as per cereal. Remember cues can vary by all/any of the 4 Ps of the Marketing Mix. Your answer could be a product that match cues, goes against cues, should change due to cues, etc. Be specific and be sure to explain well.
- Q1: Fill in the following blanks: 1. It means... the organization's loss of a selling opportunity that could have obtained profits in the event of a transaction being completed the purchase 2. .. are the studied motives that help the consumer to make the purchase decision for the merchandise without others1. From the 6 advertisements provided in the image, create an experimental design (using "X's" and "O's") for the marketing experiment. When providing the answer, mention what is/your factor/s, what type of factor/s is/are it/they, what are the factor levels, what is your dependent variable, etc. Number of factor/s and factor name/s: Type of factor/s: Factor levels for the factor/s: Dependent variable: Experimental design (using X's and O's):15. A brand is a product that can be offered to a market for consumption that might satisfy a need or want. Select one:TrueFalse
- Sally Morrison, the head of marketing for Lightbox (De Beers' synthetic stone brand), said the brand's products were meant to be viewed by consumers as playful accessories. "Everyone who is in this space is focusing their marketing on the bridal category." Ms. Morrison said. "And we believe they are missing an incredibly interesting opportunity: the self-purchasing professional and younger woman, the older woman who already has a jewelry collection," and any woman "who doesn't want the weight and seriousness of a real diamond for everyday life." "Though man-made stones account for only about 2 percent of the diamond industry's supply, analysts at Citibank have forecast a possible rise to 10 percent by 2030." Based on this quote in the article, how would you categorize Lightbox in De Beers' portfolio planning? O. Dogs O. Stars O. Question Mark O. Cash Cow O. Red LightExplaining 4. various criteria for selecting the Arima model (include advantages/disadvantages) And write the referenceHomework: Ch05: Exercises 10 & 1110. Awell-knownbrandofhomeinsulationmaterialsis pink in color. This company spends millions of dollars each year on advertising that depicts the Pink Panther cartoon character and emphasizes the pink color of its product. You recently started manufacturing a similar home insulation product. When installed inside the walls of a building, it has the same insulating prop- erties and characteristics of the well-known brand. When your product is manufactured, it emerges from the production process as dull gray in color. How- ever, you have decided to add pink dye to your prod- uct for marketing purposes. Your product clearly displays your company name and contains your companyâs logo, which looks entirely different from the well-known brandâs logo. Was it cheating for you to make your product pink in color?11. All products for cleaning windows use a slightly acidic solution that contains ammonia. One of the well-known…
- A. Creative Illustration – using your own experience, creatively illustrate the steps involved in consumer decision process.Q1. “Understanding of consumer decision process is very important for marketers. They can create/modify suitable strategies for targeting and servicing customers based on this understanding. This may be the difference between a successful brand and an unsuccessful one." What are the implications of different steps of consumer decision process for the marketers?2.Which is more important EQ or IQ? Justify your answer.