Factors affecting brand preference in passenger car buying in Nepal
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Received September 6, 2023;Accepted December 16, 2023;Published January 15, 2024
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Author(s)Link to ORCID Index: https://orcid.org/0000-0002-8338-0824Link to ORCID Index: https://orcid.org/0000-0001-9163-5172
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DOIhttp://dx.doi.org/10.21511/im.20(1).2024.07
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Article InfoVolume 20 2024, Issue #1, pp. 77-87
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Creative Commons Attribution 4.0 International License
In today’s complex and highly competitive marketplace, marketers, realizing a need to develop sustainable strategies, have turned to branding as a solution. Understanding the brand preferences of consumers is always under discussion. In such context, this study measured the effects of price, attributes, brand personality, appearance, and self-congruity on brand preference in buying a passenger car. A deductive reasoning approach, quantitative method, and positivist epistemology with predetermined hypotheses were used. A six-point Likert scale structured survey was utilized to gather the primary information. The sample included 411 passenger car users in Nepal. A judgmental sampling technique and a causal research design were used. Through path analysis, the effect of price, attributes, brand personality, appearance, and self-congruity on dependent variables was identified using structural equation modeling. The study’s outcome showed that attribute (β = 0.062, p > 0.05), price (β = –0.041, p > 0.05), and appearance (β = 0.022, p > 0.05) have no significant positive impact on consumer brand preference. Moreover, the study discovered that brand preference is influenced by self-congruity (β = 0.297, p < 0.05) and brand personality (β = 0.232, p < 0.05) in buying passenger cars in Nepal. It is concluded that brand image and prestige are more critical for high-involvement products. These outcomes provide a road map for future scholars and business people with a view of the emerging context of market development.
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JEL Classification (Paper profile tab)M30, M31, M37
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References48
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Tables6
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Figures2
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- Figure 1. Conceptual framework
- Figure 2. Structural model
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- Table 1. Questionnaire structure
- Table 2. Characteristics of the respondents
- Table 3. An overview of model fit
- Table 4. Model validity measures
- Table 5. Descriptive and correlation insights
- Table 6. Summary of hypotheses testing
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Conceptualization
Bharat Rai, Ganesh Bhattarai
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Data curation
Bharat Rai, Ganesh Bhattarai
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Formal Analysis
Bharat Rai
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Investigation
Bharat Rai
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Methodology
Bharat Rai, Ganesh Bhattarai
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Project administration
Bharat Rai, Ganesh Bhattarai
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Supervision
Bharat Rai, Ganesh Bhattarai
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Validation
Bharat Rai, Ganesh Bhattarai
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Writing – original draft
Bharat Rai
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Writing – review & editing
Ganesh Bhattarai
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Conceptualization
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Production and trade patterns in the world apple market
Innovative Marketing Volume 17, 2021 Issue #1 pp. 16-25 Views: 1510 Downloads: 1805 TO CITE АНОТАЦІЯAwareness of healthy food, population growth, increasing incomes, and urbanization raise the global demand for fruit, where the second position goes to apples. However, their supply is insufficient, implying the lost revenues and exacerbating nutritional food insecurity. To help growers, traders, and consumers cope with such a challenge, this research focused on revealing some world patterns in apple production and trade detailed by groups of countries, their capacities, and prices. The explored data on fresh and processed apples derived from the Food and Agriculture Organization Statistics. The methodological framework of the study engaged divisive hierarchical clustering, analysis of interval variation series, and inequality indicators. The research findings identified two major clusters of 50 out of 96 countries specialized in production and foreign sales of 83.2% and 76.9% of apples. The study outcome comparing fair trade via two triple histograms specified the prevailing deviations between –82% and 80% around farm gate apple prices in 47 exporting countries and the same between –83% and 83% in 46 importing countries. Based on the Gini coefficient, Ratio 20/20, and Hoover index, the accomplished evaluations quantified total disparity in apple trading by 13% to 40%, calculated misbalance between 20% of the top and bottom world traders, and grounded preferable market alignments ranged from 9% to 38%.
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Wine purchasing decisions in India from a consumer’s perspective: An analysis of influencing factors on the buying behavior
Anagha Ravikumar , Sushant Malik , Asmita Chitnis , Dipen Paul , Dharmesh K. Mishra doi: http://dx.doi.org/10.21511/im.18(2).2022.11Innovative Marketing Volume 18, 2022 Issue #2 pp. 120-134 Views: 1103 Downloads: 706 TO CITE АНОТАЦІЯThis paper analyzed the factors affecting consumers’ purchase intentions and decisions while purchasing wine. The study was performed based on the primary data collected with the help of a survey and a structured questionnaire using convenience sampling. A total of 120 respondents above 21 years old across India who were wine consumers and likely to purchase wine were the study population. Exploratory factor analysis, confirmatory factor analysis, descriptive analysis, and cluster analysis were the main methods used to analyze the data. The information gathered was subjected to further quantitative analysis using SPSS. Kaiser-Meyer-Olkin Measure (KMO) of sampling adequacy was 0.759, and Cronbach’s alpha was 0.817 indicating high reliability of the study. Factor analysis brought out six essential factors affecting the wine purchase decisions of Indian consumers. They are as follows: quality concerns, consumption preferences, consumption deterrents, consumption reasons, social factors, and risk factors. Furthermore, the study found that the purchase intentions of Indian wine consumers are affected by the attitude and awareness of consumers. The cluster analysis further helped to divide the Indian wine market into three segments, i.e., regular consumers comprising 44.2%, non-consumers comprising 29.2%, and occasional consumers comprising 26.7%. A few of the key factors influencing wine purchase are attributes and knowledge of the wine ingredients. In addition, friends and family play an important role in wine purchasing decisions.
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Design and validation of the Brand Personality Scale in Tourist Destinations
Jose Joel Cruz-Tarrillo , Karla Liliana Haro-Zea , Edison Effer Apaza Tarqui , Josue Turpo-Chaparro doi: http://dx.doi.org/10.21511/im.18(2).2022.01The new modality caused by COVID-19 has significantly affected tourism, from the decrease in demand and the deterioration of facilities due to lack of budget to the point of becoming unattractive. In response to this, the objective of this research work is to design and validate a scale to measure Brand Personality in Tourist Destinations (BPTD). The results were structured in three phases. In the first phase, an exhaustive search of the bibliography and first version of the instrument were generated. Moreover, a panel of 12 professionals between academics and managers was held, who evaluated the features and content validation by a panel of 7 experts. In the second phase, data collection was carried out with the participation of 998 tourists. In the third phase, exploratory and confirmatory factor analysis was carried out, obtaining a KMO of 0.979 and a p-value of 0.000. The total explained variance of the 21 items grouped in three dimensions represents 87.27%. In the confirmatory analysis, χ2 = 921.57, p = 0.000, RMR = 0.069, GFI = 0.917, AGFI = 0.829, CFI = 0.980, TLI = 0.976, NFI = 0.975, IFI = 0.980 and RMSA = 0.065, with an appropriate internal consistency (performance: α = 0.984; social innovation α = 0.982; honesty α = 0.964). Composite reliability was CR > 0.70 and convergent validity was AVE > 0.5. In conclusion, the values imply an acceptable adjustment, for which the model is adequate, and the scale is valid to be applied in tourism.