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Literature Review Inc. Gap

This literature review discusses factors that influence customer loyalty and brand image. It addresses the importance of brand image in communicating what a brand intends to customers. Strong brand image can differentiate a brand from competitors. The significance of customer loyalty is emphasized, as satisfied, loyal customers positively impact profits. Customers' perceptions of quality and benefits are also discussed, as quality influences their product selection and satisfaction.

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0% found this document useful (0 votes)
134 views

Literature Review Inc. Gap

This literature review discusses factors that influence customer loyalty and brand image. It addresses the importance of brand image in communicating what a brand intends to customers. Strong brand image can differentiate a brand from competitors. The significance of customer loyalty is emphasized, as satisfied, loyal customers positively impact profits. Customers' perceptions of quality and benefits are also discussed, as quality influences their product selection and satisfaction.

Uploaded by

maisha tahsin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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A Study of how Customer loyalty is affected by Brand Image.

Literature Review

This section will discuss numerous elements affecting consumer loyalty that are influenced
by brand image. It will include comprehensive information gleaned from the literature
evaluation and all sections of the selected research publications. Several areas are especially
addressed in this section, including the following:

 Importance of brand image


 Significance of customer loyalty
 Perception of quality and benefit of a product
 Perceived value by brand trustworthiness

i. Importance of brand image

Once consumers buy a product, they are not simply purchasing the item or service; they are
purchasing the brand. That is why it is critical to developing your brand image in such a way
that it communicates precisely what you intend. Researchers [ CITATION Chr08 \l 1033 ]
analyze how business visuals influence brand perceptions and which factors moderate the
effect. This demonstrates that corporate image affects brand image. This judgment, however,
is influenced by an individual's relationship to and knowledge of a particular company.
According to Timothy, consumption settings play a part in deciding how a brand's image
affects customers' brand evaluations [ CITATION Gra01 \l 1033 ]. Conspicuousness did not
significantly alter the relative impacts of real and ideal coherence on brand evaluations,
according to the results of the first trial. Additionally, marketers can mitigate the impacts of
image conformity by promoting a variety of consuming scenarios. [CITATION Mik04 \l
1033 ] used customer choice trials to evaluate other enticing factors such as online ordering,
pricing, and technology that may impact consumer purchasing attitudes. Although numerous
significant aspects affecting e-commerce have been discussed in prior research, we
interviewed fifteen experienced purchasers and determined that convenience, affordability,
control, and community all play a role in establishing a firm's brand image.

On the contrary, the author [ CITATION Ala03 \l 1033 ] discusses the findings of a survey
done among 194 retail electronic equipment salespeople and 190 male buyers. Salespeople's
direct important weights were shown to be significantly different from conjointly generated
weights in that, during the latter case, original country cues had a substantial and, in terms of
perceived quality, bigger impact than other attributes. Multiple regression models connecting
direct perceptions of home countries to brand assessments suggest that the nesting of nation
perceptions within brand evaluations may partially account for this apparent contradiction.
Author Sharifah argues that a company's website should be viewed as a tool for enhancing
the brand's image [ CITATION Alw19 \l 1033 ]. Recent online branding
research[ CITATION Mon191 \l 1033 ] demonstrates the importance of both functional and
emotional aspects of brand characterization, such as corporate brand images (CBI), in
determining online consumer responses. Recent research has examined the impact of business
brands on the Internet. Due to a dearth of an empirical studies on this subject, there is
ongoing disagreement about whether digital corporate brand values are comparable to those
found in an offline context. Recognizing the relevance of brand image in an online setting
and in comprehending consumer responses, this study examines what corporate brand
pictures are appropriate for an online context but whether or not they influence consumer
replies as loyalty. The research examines the CBI of an online-only book shop using a
personification technique. The findings indicate that corporate brand attributes such as
openness to experience, innovation, chic, informality, and competence are significant in
determining an online retailer's corporate brand image and are associated with client loyalty.
The study's practical contribution and management consequences are in the form of strategic
direction and brand positioning in an online environment.

According to Seppo, when a brand launches a service or product to the market, it almost
always faces competition [ CITATION Rai03 \l 1033 ]. It's where the company must be
innovative in ways to point out and cut through the clutter. A strong brand image is an
excellent approach to differentiate the brand from the competitors. Brands have a significant
impact on purchasing choices [ CITATION Geo98 \l 1033 ].Further experiments by authors
[ CITATION Chr15 \l 1033 ] reveal how a function at different contextual ideal self-image
that consumers see as ideal to present in a particular scenario is a more reliable assessment of
brand attitudes than static self-image concepts such as real and desired self-image. Creating
effective brand visuals requires consideration of the circumstances under which the product
will be consumed. However, branding [ CITATION Mud12 \l 1033 ] requires more direct
interactions with consumers. Prior research has established the critical role of spokespersons
in endorsing products that may sway customer purchasing decisions [ CITATION Lyn00 \l
1033 ].

ii. Significance of customer loyalty

Author Harkiranpal conducted a study which emphasized which states businesses must
consider their customers' requirements and desires [ CITATION Sin06 \l 1033 ]. That is why
numerous experts and academicians have repeatedly stressed the critical nature of customer
happiness, loyalty, and retention. Customer satisfaction is critical since numerous studies
have demonstrated that it has a beneficial effect on an organization's profitability. As a result,
it is necessary to evaluate the effects of consumer pleasure and discontent.

Additionally, customer pleasure, loyalty, and retention all have a positive correlation. As a
result, customer happiness, loyalty, and retention are all critical components of an
organization's success. Numerous scholars have examined the critical nature of customer
satisfaction. in step with Hoyer and MacInnis (2001), fulfillment is expounded to sentiments
of acceptance, pleasure, relief, enthusiasm, and delight. Numerous elements contribute to
customer happiness. Hokanson (1995) defines these elements as friendly personnel, courteous
employees, competent employees, helpful employees, billing accuracy, timely billing,
competitive price, quality of service, good value, billing clarity, and retention. Author
Reshma highlights that customer loyalty is defined because the degree to which a relationship
exists between a human relative attitude and repeat patronage [ CITATION Res111 \l 1033 ]
the aim of this study is to elicit information a few customer's propensity to buy a
brand/product, still because the elements that influence his purchasing behavior and attitude
toward the brand. An investigation[ CITATION Jen97 \l 1033 ] is conducted to work out
what are the influencing variables that compel him to be a brand loyalist. The theoretical
analysis and conceptual model presented here envision brand loyalty via the lens of name
personality. Author[ CITATION Wil12 \l 1033 ]indicates that brand personality contains
demographic features, like gender, age, and people, and that they is also directly influenced
by the image of the brand users, personnel, and products spokespersons, and indirectly
suffering from product attributes also. Thus, customer loyalty will be strengthened or retained
by considering a spread of other factors like communicating a positive brand relationship by
incorporating the concept of brand name personality[ CITATION Kel93 \l 1033 ]. Researcher
[ CITATION Aud09 \l 1033 ] emphasis the requirement of identification, understanding, and
management of mediating influences within the context of the event of loyalty. The research
emphasizes the necessity for a diversified strategy for customer loyalty development and
management by effectively recompensing consumers at different levels. The findings
emphasize the relevance of reciprocity in terms of the worth of service customers. Hallowell
(1996), who investigates the connections between profitability, customer pleasure, and
customer loyalty, offers another significant perspective on evaluating customer loyalty.
during this case, the author uses parameters associated with the length of customer
relationships and, respectively, the depth of customer relationships to live loyalty as a
variable. consistent with the author, brand loyalty measurements are divided into four types
[ CITATION MMe95 \l 1033 ] supported two dimensions: attitudinal vs behavioral
assessments, and brand-oriented versus individual-oriented measures. As a result, the author
divides loyalty measures into three categories: attitudinal brand-oriented measures and
behavioral brand-oriented measures.

iii. Perception of quality and benefit of a product

Author Crentsil argues about the consumer's judgment a couple of product's qualities.
Consumers have varied notions or perceptions about product quality counting on their ages,
economic levels, and academic backgrounds, and this contains a big impact on the factors
they use to see product quality when making an acquisition [ CITATION Agy15 \l 1033 ].
Consumers buy a service or product because it satisfies their identified requirements (Palmer,
2018). The consumer's impression of the standard of products capable of meeting those
demands influences his or her selection of those products to satisfy certain needs. in step with
Perrault et al (1997), many business managers get wedged within the technical intricacies of
producing a product, while most clients or consumers consider the merchandise in terms of
its quality and overall satisfaction. The one and also the only way for a company's product to
thrive within the industry and be designed with the factors that customers use to gauge
product quality is during this direction. Quality is seen differently by various customers.
Some people believe that a product with a steep cost is of great quality for one buyer but not
for an additional. According to Arslan, brand extensions have a detrimental influence on the
image of the parent brand, but the match between both the parent and extension brands
mitigates this effect [CITATION FMü101 \t \l 1033 ]. The loss of brand name as a result of
the expansion is larger when the parent brand's affective value and quality are higher. The
relative value of the brand, customer familiarity with the brand, perceived fit, and consumer
attitudes toward the extension all contribute positively to the merchandise marketing strategy
following the extension. The branding literature has placed a premium on understanding how
customers answer global vs local companies. in keeping with author Alden (2018), global and
native brands is also viewed from either a supply-side or a demand-side. However, a study
finds that buyers could also be unaware of a brand's international operations outside of their
domestic markets[ CITATION Hao21 \l 1033 ].

iv. Perceived value by brand trustworthiness

Perceived value is the sense of value that results from a comparison between the price
customers pay for a product or service and the benefit the brand offers[ CITATION Phi03 \l
1033 ] .The term "perceived value" refers to the judgment buyers make about the quality and
pricing of items and services after they purchase them. When a client purchases a product or
service, he or she wishes to receive more value than the product or service costs. Satisfaction
is increased when a good or brand adds value. Cronin et al. (2000) examined the link between
financial quality and subjective well-being. The findings indicate that there is a strong
correlation between perceived worth and satisfaction. Additionally, when the relative price is
high, contentment increases as well. Chaudhuri and Holbrook (2001) examined the link
between brand equity value and trust in their studies. According to the findings, confidence in
brands increases as the perceived value of a product increases.

According to Brakus, brand experience may be described as consumers' internal subjective


and behavioral responses elicited by brand-related stimuli at various levels of contact, both
direct and indirect[ CITATION Chr07 \l 1033 ] .The outcome of these encounters is the
consumer's recollection of their experiential responses [ CITATION BJo13 \l 1033 ].This
suggests a shift in the brand's function from identifier to experience provider[ CITATION
Ber15 \l 1033 ]. Consumer experience is comprehensive and makes distinctions between
fundamental cognitive, emotional, and sensory systems[ CITATION Chi07 \l 1033 ]. It
begins before the purchase, continues throughout the purchase or live encounter, and
concludes with a special experience[ CITATION Car09 \l 1033 ]. Holbrook emphasizes his
findings that consumer experience is comprised of psychological reactions, cognitive
interpretations, and behavioral manifestations resulting from mutually continuous interactions
with inputs[ CITATION Mor20 \l 1033 ]. Consumers will develop their preferences and
purchase decisions as a result of these interactive encounters[ CITATION Car94 \l 1033 ].

Literature Gap

The research team aims to address a literature gap by examining how brand image influences
consumer loyalty. While searching for comprehensive information on the importance of
brand image on consumer perceived value, we discovered a scarcity of vital information. We
seem unable to locate sufficient scholarly articles from recent years that discussed the
consumer effect of brand image. Hence, the research team focused on the impact of the brand
image upon various consumers. As a result, the researchers focused extensively on legitimate
articles, essential marketing publications and academic papers from previous decades for
relevant knowledge and theoretical framework.

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