Wednesday, May 6, 2020

Brands Improve Consumer Perception †Free Samples to Students

Question: Discuss about the Brands Improve Consumer Perception. Answer: Introduction Everyone is facing the issue of consumption of goods as well as services on a routine basis. An individual continuously communicates with services as well as products being provided by the modern market. On consumption, an individual test the offered products and then form an opinion for the same. The overall understanding of the buying attitude is of assistance given by the managers since they support to clear doubt on consumer behaviour and also helps to foresee the impact of environment and many other kinds of external characteristics on customers (Bhattacharya et al., 2015). There are so many factors that impact the buying behaviour that is not in control of marketer and advertisement, however, they still have to aim at understanding the overall complexity of challenges. The report will discuss in detail about food industry especially ice cream sector with the help of analysing Baskin Robbins company. The margin of error in this industry is very low because of the lifecycle features of the products. Other challenges are supply chain operations and there are so many particular inventory control challenges like picking the stock as per the expiry date or manufacturing date and many more (Biswari, 2016). The objective of the report is to understand the buying behaviour of the consumers and their level of satisfaction in Baskin Robbins. While addressing consumer behaviour, it is important to study many factors like an act of purchase and pre and post-purchase stages. At the time of addressing the factors associated with consumer behaviour, the studies show not just the purchase function, but also the stage of pre-purchase experience and post-purchase experience. The complete study of buying behaviour provides an option to decide the association that exists between buying behaviour and customer satisfaction (Dutta, 2015). The report will focus on the buying behaviour which can be decided, well in advance, to some extent, but it later becomes challenging to manipulate them in long run, to enhance the customer satisfaction. Literature review There are so many principles and theories that define the reason behind the consumer behaviour and at the same time, the research on the challenge was started by so many authors and economists since these people study consumer behaviour and methods to decide them. The traditional approach, on the other hand, is based on studies that focus on consumer behaviour is based on the basic approach and also have the positive approach towards the study of customers (Dutta, 2015). At the starting of the research, so many researchers were evaluating the behaviour of the customer since the act of purchase is perceived as purchases happen on the rational basis which further means that a buyer can select products that provide the most amount of utility as per the taste and prices. The scientist associated with behaviour focused on the role of environmental characteristics that mostly impact the consumer behaviour. There are some other authors of a belief system that pattern of the customer is deve loped as an outcome to environmental situations. From the cognitive angle, processing data is an important factor in taking decisions of the consumers. The theory is also taken consumers as issue solvers who utilise the information of the surrounding to grab from the environment. Another principle of studying the consumer behaviour is a comprehensive model for consumer's decision making (Ramesh Divya, 2015). There are approx. three models united by similar objectives and cover it to trace the psychological state of people from one point at which there was awareness of so many options that satisfy a material required through consumption of the product to the ultimate test of the consequences (Ellahamy et al., 2015). On the other hand, the traditional approach on consumer behaviour featured consumers as a matter of proactively assigning the right meaning to the products and impact the environment, despite being just a passive individual. There was also a belief that the procedure of purchasing is not considered very rational since the customer provide the personal touch, therefore providing subjective answers to all kind of purchases (Pleshko, and Heiens, 2015). Consumer buyer behaviour pattern The different kinds of consumer behaviour decide purchasing decision of the customers. There are large as well as an expensive purchase as well that will need the buyer to think more and also need a huge number of decision making procedure students. As per some researchers, there is four kinds of consumer buying pattern rely on the stage of their involvement in the procedure of purchasing and overall awareness of the distinction between different brands of goods (Noone and Maier, 2015). The complicated buying pattern is shown in case of the immense degree of the involvement of the customer in the buying procedure and knowledge of important differences in case of brands. Generally, such behaviour pattern is duly noted in few purchases of many expensive products (Ramanathan et al., 2017). There is time, the buyer does not have enough data about the product section a, therefore, needs more data. It is important for the marketers to form strategies to assist the customer and make them understand the relative significance of the features of goods and inform the consumer about the methods associated with one brand different from another (Qin and Surachaikulwattana, 2017). Baskin Robbin is considered as a market leader in many countries and was perceived as the premium brand in ice cream industry. There are so many niche players as well will the parlour concept like Baskin Robbin and MM, Move and Pick, Ben and Jerry and other are established players in the market and there are so many local popular brands as well in the market who give tough competition to the company. The important thing for this market to understand is location is very crucial because it makes sure that enough footfalls and the existence of optimal rental profile for sustainable outlet level of profitability. Brands are part of pro-biotic and low-fat ice creams which mainly focus on health enthusiast and there is the new process of manufacturing which further decrease the air-based content in ice cream providing high value for money to the customers, however, the overall acceptance of these products is yet to put in right kind of evaluation in the market. The important thing to under stand here that the ice cream market is heading towards fierce competition (Organ et al, 2015). Another important thing to understand is that for whom this competition can enhance the total revenue as well as the profitability of players or melt the overall aspiration in the industry. Premium ice cream has the tendency to have low overrun along with high level of fat content that any regular ice cream and the producer utilises high quality of elements (Qin and Surachaikulwattana, 2017). More amount of overrun further results in a fluffy and light ice cream with more air as well as less of anything else consisting fat. Less amount of overrun results in a creamy and dense texture of the ice cream with the little amount of air and high amount of fat. The lower is the overrun, the smoother and creamier will be the texture of the ice cream. However, low overrun is not present in super-premium ice cream however Baskin Robbins has a huge range of such ice creams (Dutta, 2015). The important thing to understand here for Baskin Robbins is that the desire of the consumer to transform and also postpone the buying pattern mainly depending on all the perceived risks associated with it. The level of risk is impacted by the amount of money needed to buy along with doubts of the consumers along with the degree of self-confidence of the buyers. So to reduce the risks related to purchasing as well as consumers postpone decisions until good times and at the same time collect added data aiming at the country of origin and giving due guarantees for the same. It is important for the management of the Baskin Robbins to keep in mind the features that force the buyer to think about all the risks of buying and therefore must also provide customers with data that decreases the perceived amount of risk of purchasing it (Sari et al., 2017). Right after the purchase, the overall customer experience either have a high satisfaction level or high dissatisfaction. Right after the purchase has made the producer to yet continue the work with the consumers especially during post-purchase time (Lee Yun, 2015). The marketer must also test the degree or level of customer satisfaction, the current reaction right after acquiring the goods. Right after purchasing the product, the customer must stumble on some last season unnoticed flaws. There are some who can refuse to keep all the defective things and some will remain completely indifferent to its drawback, on the other hand, there are many that may find that the current drawbacks are only rising the overall value of the product (Srivastava and Bhide, 2017). However, the important thing to note here is that this factor doesnt hold true in case of food products and ice creams. Brand image: the customers focus on the type of image the brand that exists as per the depiction of the purchase. The important thing here to understand is that specific status symbol, many other personal brand needs and quality that the customer may possess. It is also crucial that the brand also maintain the high level of goodwill which is satisfying to the customer (Srivastava and Bhide, 2017). Health challenges related to ice cream: the customer in today's time is very health conscious and is also becoming quite aware of rising in health challenges and its overall impacts. It is crucial that the brand also meet the need of the customers and make sure health-based advantages rather than disadvantages (Awan et al., 2015). Suitability: the product must meet the demand of the consumer and factors like flavour, taste and elements must also be in line the needs of the customers and their wants. Purchase: environment, service and price Price: the important thing for Baskin Robbins to understand that although the brand is premium ice cream maker consumers still highly price sensitive so the product provides worth for the money spent on it in terms of quality, the satisfaction of consumer and quantity and providing satisfaction to consumers. As consumers in the form of kids are also an important segment to target (Srivastava and Bhide, 2017). This is why proper care should be provided as far as pricing is related. Quality: it is obvious that quality holds a lot of importance and it plays an important role in deciding whether the consumer will re-purchase the product or not. Here, taste and quality are two important elements that decide the level of satisfaction of the consumer and thus play a crucial role in deciding the approach in direction of product (Srivastava and Bhide, 2017). Level of satisfaction: highly satisfied is a complete picture which is based on the experience of consumer along with brand basing of different products. well as fast when it related to experience as well as knowledge. It is important to understand some fundamental of communication that exists between the producer and consumer while meeting the requirement of the latter. The basic concept of customer satisfaction is a complicated process of a large number of elements which changes for a different set of businesses and customers. To manage the complications, it is important that one should first recognize the particular elements and only then one must make some efforts to maintain them at the right level. The element of satisfaction is related to the subjective kind of perception on how any suppliers meet the requirement or the expectations of specific customers (Srivastava, 2018). The overall reflection of the overall quality of the products in the mind of the customer can be confirm ed or not part of the real case. In the other case, consumers feel some level of dissatisfaction and also the association between customer satisfaction and profit level of the organization is easily identified. The important thing here is the satisfied consumers that are dedicated to the organization. Without right calculation of consumer satisfaction, executive cannot make an efficient decision about what is required to improve the product and services. It can only be managed when measuring in right manner (Allah et al., 2015). Conclusion The report clearly shows that although it can definitely be possible to mention and discuss consumer behaviour in a specific market like ice cream with a successful company like Baskin Robbins, the case to adjust with the product is rare and challenging. On the other hand, every product must suit to the needs and demand of the customer in the market since Baskin Robbins is a global company, it becomes important for them to bear this in mind (Srivastava, 2018). There are many elements that decide consumer behaviour are not impacted, they yet have to be part of the study to clearly understand the profile of the consumer and many specifications of buying behaviour in this market. As per the behaviour-based products can be very well adjusted to suit the important needs of consumers. As an outcome, the report of buying behaviour will also increase the level of sales, however, raise the level of satisfaction among the customers. 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