A STUDY ON THE PRIORITY CATEGORY OF CONSUMER PREFERENCE TOWARDS BRAND IMAGE

Abstract

Consumer brand preference is an essential step to understand consumer choice behavior, and has therefore always received great attention from marketers. Brand preferences reveal the type of attributes a brand possesses, to strengthen its position and increase its market share. Moreover, it forms a critical input in developing a company’s successful brand strategy, and gives insight for product development. The, consumers cannot shape their preferences among brands using rational attributes only. They seek the brand that creates experience; intrigue them in a sensorial, emotional, and creative way. Companies’ competitiveness in such market has, therefore become increasingly difficult. Their survival requires building their competitive advantage by delivering memorable experiences, which would influence consumers’ brand preferences, and consequently stimulate consumers’ purchase decisions.