Professional Documents
Culture Documents
Roll No - 1582070057
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ACKNOWLEDGEMENT
Before I get into thick of things, I would like to add a few words of appreciation for the
people who have been a part of this project right from its inception. The writing of this
project has been one of the significant academic challenges I have faced and without the
support, patience and guidance of the people involved, this task would not have been
completed. It is to them I own my deepest gratitude.
I also feel heartiest sense of obligation to my library staff members & seniors, who
helped me in collection of data & resource material & also in its processing as well as in
drafting manuscript. The project is dedicated to all those people, who helped me while doing
this project.
Roll No - 1582070057
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CERTIFICATE
Assistant Professor
AKAGIM,Ghaziabad
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LIST OF GRAPHS/CHARTS
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EXECUTIVE SUMMARY
Brand is a Guarantee, an assurance for a defined standard of quality for the first time and for
every time but not the vice versa. Brand is name or logo that plays the role in the mind of the
customer. Brands do not compete in the product area but compete for the mind space of the
customer. A brand once established in the mind of the customer becomes indelible when
customer identifies itself with that particular Brand.
Branding is an effective marketing strategy tool that has been used with frequent success in
the past. Branding can be an effective and powerful tool for all types of business
organizations. If brand owners use their product correctly, the payoffs can be substantial.
However, if brands are mismanaged, the results can be damaging.
This report is aimed to investigate the effect of brand on consumer buying behavior. How
much consumers are prepared to pay for branded products, how important they consider
price, brand or other factors during their purchasing decisions. The Report aimed at
comprehensive literature review on branding, brand loyalty, brand awareness, brand equity
and brand perceptions, price sensitivity and willingness to pay.
The word “Brand” owes its origin to the Norwegian word “brand” which means to burn.
Farmers used to put some identification mark on the body of the livestock to distinguish their
possession. Products are what companies make, but customers buy brands. Therefore
marketers resorted to branding in order to distinguish their offerings from similar products
and services provided by their competitors. Additionally, it carries an inherent assurance to
the customers that the quality of a purchase will be similar to earlier purchases of the same
brand.
Consumer behaviour involves study of how people buy, what they buy, when they buy and
why they buy. It blends the elements from psychology, sociology, socio psychology,
anthropology and economics. It also tries to assess the influence on the consumer from
groups such as family, friends, reference groups and society in general.
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TABLE OF CONTENT
6. Findings 61
7. Conclusion 62-63
8. Suggestions 64
9. Limitation 65
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