When a consumer plans to buy a product, to be precise a brand, he normally considers a set of brands that are known to him. Companies are creating awareness for the brands through advertisements and a series of communication programs with the objective of selling their brands. But awareness alone cannot be held responsible for selling the brand. Selling of a brand takes place in different stages. But it is imperative for any company to create awareness among the buyers to help them familiar with its products or brands. For example, if a consumer wants to buy a mobile handset, he does not consider all the brands for purchase. He may be aware of 10 different brands but, in the end, considers only three or four brands to choose from. We call them "evoked set".
But
a buyer may not like to consider all brands for purchase. He may shortlist three
or four brands say, Nokia, Motorola, Samsung or Sony Erricksson. Finally he chooses
the one that suits his requirements best and then a sale takes place. A consumer
buys a brand and uses it for sometime; if it satisfies him, develops a liking
for it and may go for repeat purchase. If he yet again experiences the same happiness
in the repeat purchase, he develops brand loyalty and that leads to predisposition. |