Sie sind auf Seite 1von 16

“Factors contributing to

Brand Equity and its


Impact on Purchase
Intention of Sunridge
Foods”

SUBMITTED BY:
Zulfiqar Ali Sajwani (03205)
Muhammad Omar Arif (00945)
Michelle Pinto (12186)
Final Research
Ramsha Arif (03222)
Hassan Abbasi (13429)

Paper
SUBMITTED TO: Dr. Wajid Rizvi

SUBMITTED ON: 28th Dec. 2018


MA Project
MA Research Paper- Sunridge
Abstract: This study explores the impact of various factors contributing to an increase in the brand equity of
Sunridge Atta. Use of Brand Awareness model leading to Perceived Quality, Brand Association, Brand Loyalty and
ultimately to Brand equity is highlighted. This study further explores the impact of Brand equity leading to
customer’s willingness to pay Premium and increasing Purchase Intention. In addition to the literature review and
focus group, a survey from a sample size of 250 females above 21 years to 50 years of age was collected. The
findings revealed that the brand loyalty is positively influenced by Brand Awareness, Perceived Quality and Brand

quality with every batch processed.


I. INTRODUCTION: Operating with a capacity of processing
Sunridge Foods (SFL), a company 3,600 tons of wheat per month, the PESA
established in 2015, marked the beginning mill can match the output of around 20
of a new journey and introduced a branded conventional Chakki mills, as per OEM
100% whole wheat flour, also known as claims.
“Chakki Atta” to the market, with the sole Sunridge has 3 SKUs:
aim of providing the softest whole wheat
1. Rs. 265 for 5 kg (Star SKU)
roti to their consumers. To stay true to their
company vision i.e. “Provide safe, nutritious 2. Rs 525 for 10 kg
and tasty food for everyone”, Sunridge is the 3. Rs 50 for 950 g.
only National Player with presence in 25
cities, being produced on Pakistan’s first and Sunridge Chakki Atta gives a “6 Hour Soft
only State of the Art Milling Technology Roti” promise with consistency in taste and
introduced in the form of PESA Mill. This quality along with a confidence of healthy
enabled Sunridge to provide the best and and hygienic Atta free from all dust, dirt and
successfully earn the trust of its consumers. impurities.

It has taken SFL two years to set up its Research Question:


operations after kick starting the business. Since the launch it has started exporting to
The primary cause behind this protracted USA, Middle East and Srilanka. However,
setup time was the installation of state-of- for it to be the first choice for “Chakki Atta”
the-art PESA Mill at Port Qasim, Karachi. purchased locally, there is a dire need for
SFL’s PESA Mill offers a revolutionary, some specific marketing efforts to gauge the
fully automated end-to-end milling process, purchase intentions of the citizens of
making it one of SFL’s major Unique Selling Pakistan.
Propositions (USP). Virtually eliminating Since its inception, Sunridge is striving hard
manual handling, this mill removes the risk to become an established brand in the
of contamination and ensures top-notch market and become customers’ ‘top of the
mind’ brand. However, despite several

2
MA Research Paper- Sunridge

promotional efforts including 360-degree the name ‘Sunridge’ in Pakistan. Despite,


campaign, Sunridge is unable to achieve the management’s efforts of promoting Sunridge
expected sales and its percentage of sales is via various communication channels, it is
on a declining trend on year on year basis. unable to reach the expected Sales Target.
So, the management problem can be Thus, the purpose of our research is to
summarized: identify the various factors leading to
decline in percentage sales of Sunridge.
● To raise the brand equity of
After reviewing several research papers, it is
Sunridge concluded that brand awareness significantly
impacts the perceived quality, brand
association and brand loyalty. This brand
● To improve the sales growth of
awareness then leads to increase in brand
Sunridge Chakki Atta on year on equity which further leads to Brand
preference, willingness to pay High prices
year basis and raises the Purchase Intention. The same
has been explained by [CITATION Isa13 \l
● To make Sunridge the first choice 1033 ] via below mentioned Research
model, which is used as reference in our
of customers in the Branded Flour research.

category.

Brand Awareness, Perceived Quality and


II. RESEARCH MODEL AND
Brand Association:
HYPOTHESIS In line with the model, the growth of brand
DEVELOPMENT: value is explained as a process of consumer
Sunridge Foods (SFL), began its operations learning in which consumer awareness of
in 2015 and introduced Branded Flour with the brand leads to attitudes which will in

3
MA Research Paper- Sunridge

turn affect brand loyalty. In concurrence perceived is higher when the unit price is
with this Fishbein and Ajzen (1975), higher, or the effects of an unfavorable
Konecnik and Gartner (2007) and Buil, selection are more pronounced dominated
(2013) use the theory of reasoned action to by the distributor's brands. In this case, the
describe the link among attitudes, intents opportunity cost of the next best choice is
and behaviour. In the world today, a brand considered in the mind of the consumer.
has become one of the basic motives for the Also, as an outcome of the affordability and
consumers’ choice of a food product. The growing need, a new perception that
consumers link quality to brands. packaging is healthy and of high quality
(Vraneševic´, 2003) says that they will first results in a rapid increase in sales of branded
consider the brand as a symbol of quality. and packed food.
Moreover, quality of the product adds to the
Christodoulides and Chernatony (2010) and
overall product experience and hence links
Romaniuk (2017) argue that brand
to brand loyalty and subsequent purchase.
awareness comes prior to brand associations,
Although the method followed in the field of
as buyers can be informed without recalling
food sciences, technology inclusive, is based
an important group of brand associations,
on the concept of objective quality, Martínez
but they cannot have one without having
‐ Carrasco et al.(2012) says the focus on
awareness of the brand first. Pike et al.
consumer behaviour is based on the model
(2010), Keller and Lehmann (2003), Pike et
of perceived quality. When there is no
al. (2010), Keller (1993) Pitta and Katsanis
difference in the physical characteristics of
(1995) add to this by saying that the
products the consumer will evaluate the
development and robustness of brand
brand of the consumer. Therefore, the
associations, including perceived quality
consumer’s main interest does not lie in the
depends on brand awareness.
objective features of the product. Rather, the
subjectively perceived product attributes However, as Aaker (1996) said it is
play an important role as portrayed by important to understand that brand
Becker (2000) and Vraneševic´(2003) goes awareness has multiple levels such as recall,
on to say that the perceived brand , top-of-mind, brand opinion, recognition
strengthened through awareness , helps in brand knowledge, and brand dominance.
determining characteristics of a product These are different for well-established and
especially product quality. In contrast upcoming brands. Brand recognition is
Kapferer, (1997) and Mohan Kathuria important for new brands, but for older
(2013) say that for rice , sugar , wheat , brands, recall and top-of –the mind is
flour and other commodity food products significantly higher.
brands exist due to risk perceived. If the risk
Implications and Hypothesis:
that the buyer perceives, is eliminated, the
The connection between the brand equity
brand has no benefit anymore. It then only
factors studied reveal and we also infer that
acts as a guide or a means of added value.
brand awareness positively affects perceived
Kapferer (1997) states that when the risk
quality and brand associations, which leads

4
MA Research Paper- Sunridge

to increased purchase intentions and Significance of Brand Loyalty


subsequently increases sales of the product. Brand loyalty has been evidenced as am
Hence summarizing the views studied it can essential construct in various studies, and
be said that brand awareness can affect the significance has been emphasized by
perceptions and attitudes and reflects the [ CITATION Ngu11 \l 1033 ]. It was
prominence of the brand in the customers highlighted that there is a substantial cost
mind. Moreover, brand awareness is an involved in getting new customers onboard
important metric for new brands. and therefore it is vital for marketers to keep
the existing customers hooked. Researchers
Managers could use customer-based metrics, have measured brand loyalty through
coupled with financial metrics to gauge diverse indices including but not limited to
product performance and for benchmarking the times the product is bought & share of
in different categories. This will prevent the products in a closet within a certain category
use of one strategy for all products. Most of [ CITATION LuJ15 \l 1033 ] & along with
the articles under scope of this review agree the requirements in the share of category
that brand awareness positively affects [ CITATION Rom13 \l 1033 ]. [ CITATION
perceived quality and brand associations and Esm15 \l 1033 ] believes that high brand
that both are pivotal in determining overall loyalty is a testament of the brand attitude
brand equity. However, the consumers’ being effectively managed. This makes
structure of brand associations portrayed in brand loyalty a construct of high interest and
concept maps have not been included in involvement for marketers.
traditional network analysis. Moreover, a
limited scope of product categories, brands Impact of Perceived Quality on Brand
and chosen countries have been used for the Loyalty
studies, as the idea of branding in This study is aimed to reflect on the impact
commodity food products is considerably of perceived quality on brand loyalty, which
new. Similarly, in some analysis the market has been hypothesized to be positive. The
share of the brand, the income category of review of various researches informs us that
the sample and the volatility of the measure there exists a strong correlation between
were not considered. It is therefore, perceived quality and brand loyalty. There
necessary to verify the capacity of a branded was an investigation conducted by
commodity product to generate the desired [ CITATION Ngu11 \l 1033 ] to see the
effect: impact of perceived quality on brand loyalty
for international shampoo brands, where it
H1: Brand awareness positively affects was identified that there is a positive
perceived quality relationship between perceived quality and
H2: Brand awareness positively affects brand loyalty in Thai and Vietnamese
brand associations markets. This relationship was supported by
another research by [ CITATION Erd12 \l
1033 ], where a research on 564 Gen Y
individuals regarding ready to wear clothes

5
MA Research Paper- Sunridge

was conducted, which concluded that relationship stands under a debatable


perceived quality affects brand loyalty in a contest. Overall, much evidence exists that
positive way. However, this research motivates our hypothesis of impact of brand
highlighted that there is another mediating association on brand loyalty to be
construct involved in this process, which is investigated.
brand attitude, which has also been
Implications
highlighted by [ CITATION Esm15 \l
Brand loyalty has been targeted as an
1033 ]. Whereas the introduction of brand
achievement by marketers for it helps them
attitude as a construct comes as a useful idea
achieve sustained profitability for the
for developing research methodology,
company. Investigating the role of perceived
sufficient evidence has been found to test
quality is imperative for it is the idea of how
the relationship between perceived quality
the brand is being imagined in the
and brand loyalty.
consumer’s mind that ultimately kick starts
Impact of Brand Association on Brand the process of consumer purchase. If the
Loyalty perceived quality has been positively
The role of brand association in establishing approached for the brand, it can resonate
brand loyalty has been approached by into brand loyalty. Similarly, brand
[ CITATION HaH10 \l 1033 ] as pivotal. associations are key to understand for a
However, [ CITATION Erd12 \l 1033 ] marketer, for it helps him/her understand the
believes that there are intermediary relationship elements that can lead to a
constructs involved in the relationship of consumer’s attachment or detachment of the
brand association and brand loyalty. It was brand. This ultimately helps the marketer to
emphasized in this research that the identify the key ingredients required to make
relationship has a hierarchy where brand his/her marketing campaigns translate into
associations result in brand attitudes which tangible conversions i.e. purchase intentions.
get translated into brand resonance and Therefore, understanding the highlighted
subsequently brand loyalty. Therefore, it was relationships is imperative for marketers, for
concluded that brand loyalty stands at the they will develop insightful findings for
top of this flow where the brand achieves a further investigations proposed in the model.
supreme relationship with the customer after
H3: Perceived quality has a positive impact
all the other states have passed.
on brand loyalty
[ CITATION Rom13 \l 1033 ] on a vice
versa relationship in contrast to the impact H4: Brand associations have a positive
of brand associations on brand loyalty, and impact on brand loyalty
believed it is brand loyalty that translated
into brand associations and not vice versa. It
was substantiated in this research that there Significance of Brand Equity:
is not much evidence available to prove the Brand equity has been defined as
impact of brand associations on future arrangement of assets and liabilities
buying behaviour and therefore this associated to brand symbol or name, which

6
MA Research Paper- Sunridge

increases or decreases from the worth of existing available models to draw out one.
service or product provided by the company Quality, reputation and benefit were the
(Yousefi Darestani and Najafi, 2014). Brand three outlines of customer’s expectation in
equity can further be referred as their model. Following suit (Nath Sanyal
representation of brand’s existing market and Datt, 2011) looked for direct
position and anticipated unrealized relationship between quality of the product
prospective of its products or service (Nath and brand equity. Before going on for
Sanyal and Datt, 2011). Emphasizing its research, Like Yousefi and Najafi, they also
importance (French & Smith, 2013) brand pointed out the scarcity of intellectual work
equity helps customers to resist competitor done on this subject, to their category of
strategies as a function of value obtained by product (medicine drugs in India). When
the firm from the brand as well as helps referred to perceived quality, as an important
customers in understanding the information marketing function of brand equity, they
associated with the product through the worked upon evaluating outward and
brand leading to repurchases. This provides underlying benefits associated with the
opportunity for brand managers to take product and determining which has more
prudent management decisions, for weightage. (He and Li, 2010) also
assessing sustainable marketing decisions researched on determining implication on
(Tong & Hawley, 2009). brand equity through distinctive attitudes of
perceived quality.
In this manner brand equity assists in
obtaining customers willingness to opt for a Relationship between Brand Association
brand, though their loyalty and willingness and Brand Equity:
(Sasmita and Mohd Suki, 2015). In simpler
Researchers (Tong & Hawley, 2009),
understanding brand equity is the
(Sasmita and Mohd Suki, 2015) and (French
approximated price of the product or service
& Smith, 2013), realized the significance of
which consumer is willing to pay for a
the two important marketing constructs, i.e.
brand, with comfort and trust. Importance of
Brand Association and Brand Equity.
brand equity is of utmost significance for
(French & Smith, 2013) Agreeing with
brand managers and therefore, make all
majority researchers agreed that brand
possible efforts to establish the management
association is completely intangible and is in
decided brand equity for the products they
the minds of the consumers. They used the
offer.
brand mapping technique to measure brand
Relationship between Perceived Quality association. Utilizing Aker’s model of brand
and Brand Equity: equity Structural equation model technique
was used by (Tong & Hawley, 2009), to
Realizing that there is no specific
determine significance of Brand Association
measurement scale developed from the
of sportswear industry in China. Which
perspective of customers as stake holder of
became the first of its kind research.
brand equity (Yousefi Darestani and Najafi,
Through quantitative data analysis (Sasmita
2014), developed methodologies from

7
MA Research Paper- Sunridge

and Mohd Suki, 2015) also studies effects of brand loyalty is viewed on a perceptual
brand association on brand equity. Agreeing level, which is being defined as a cognitive
with previous researchers they began evaluation during the purchase process
research with a mindset that affiliation [ CITATION Paula2016 \l 1033 ]. Another
between brand equity and association is view is that brand loyalty has a positive
clear and powerful. correlation with perceived quality and thus it
the consumer perception which is being
H5: Perceived Quality has a positive effect
defined as the factor for loyalty [ CITATION
on Brand equity.
Ped15 \l 1033 ]. Another perspective is that
H6: Brand Association has a positive effect brand loyalty is the sustainability of the
on Brand equity. company volumes and revenues in the
longer run[ CITATION Joh14 \l 1033 ].
Impact of Brand Loyalty on Brand
Equity Relationship between Brand Loyalty and
Upon review, many past researches have Brand Equity:
defined brand equity in their own In our search for linkages which are present
terminology. Brand equity can be viewed as in our model we analyse how scholars have
multi-dimensional construct which has a previously linked them in their own
positive impact on which increase the capital researches. Brand equity and awareness has
value of a brand and in turn can lead to been surprisingly been seen as forming a
positive correlation with Brand Loyal and negative correlation [ CITATION Paula2016
allow companies to charge a price premium \l 1033 ] and it has been suggested that
[ CITATION Paula2016 \l 1033 ]. Another brand loyalty is the driving factor towards
explanation of brand equity is that it can be forming higher brand equity [ CITATION
analysed in two parts, first on a firm-based Ped15 \l 1033 ] .
brand equity and on a consumer-based brand
Relationship between Brand Equity and
equity [CITATION Ped15 \l 1033 ]
Price Premium:
Brand equity is the determination of the Premium pricing has is being positively
worth of the brand [ CITATION Neb15 \l correlated towards differentiation
1033 ]. particularly technological and market-based
innovation [ CITATION Neb15 \l 1033 ]. A
Price premium has somewhat similar and
different view is seen price premium can be
generally accepted definition which is that
seen as result of perceived quality of a brand
the price premium is linked to value of the
and that the most effective tools for those
brand [ CITATION Neb15 \l 1033 ] and
are social image , uniqueness , home country
consumer will be willing to pay unreal
origin and the most important driving factors
prices because of its value[CITATION Joh14
are corporate social responsibility and brand
\l 1033 ].
awareness[ CITATION Joh14 \l 1033 ].
Brand Loyalty has been described in
One key finding was the that brand loyalty
multiple ways, one such perspective is that
and perceived quality have a very strong

8
MA Research Paper- Sunridge

linkage and suggest that is a by-product of So, the stronger the brand equity, the more
brand awareness and perceived quality predictable becomes the customers’
which directly leads to higher brand equity behaviour and translates into actual action.
and in turn higher brand loyalty This behaviour further translates into
[ CITATION Ped15 \l 1033 ]. improvised Financial results for the
organization [ CITATION Flo12 \l 1033 ].
For the purpose this study and based on
For [ CITATION Sha14 \l 1033 ], customers
above findings we will be testing the
need to have some additional value while
following hypothesis:
doing cost benefit analysis of the brand and
H7: Brand equity has a positive correlation making buying decision and this additional
on increasing Brand Loyalty value is conveyed to customers via strong
Brand Image and Brand Equity.
H8: Brand equity has a positive impact on
the ability to charge premium pricing H9: Increase in Brand equity leads to
improvised Purchase Decision.
Purchase Intention:
[CITATION Moh131 \l 1033 ] highlights the III. RESEARCH
significant difference of concepts between
METHODOLOGY:
purchase intention which is thinking to
3.1 Instrument Development:
purchase anything and actual behaviour, in
which actual purchase is been made.
In this study, we have used the
Purchase intention is the positive attitude of
triangulation technique in which we
customer towards a brand [ CITATION
have employed both Exploratory
Flo12 \l 1033 ] and [ CITATION Sha14 \l
research (Qualitative Research) and
1033 ] referred intention to purchase in
Conclusive Research (Quantitative
future as repeating the purchase behaviour.
Research). As part of exploratory
For [ CITATION Ram18 \l 1033 ],
research, we initially conducted
customers’ belief to purchase again is a
Secondary research which included
positive sign for an organization. We define
analysing various literature (Research
‘Purchase Intention’ as customers’
papers, etc.) from renowned Journals.
inclination towards purchasing a Brand.
For primary research, we have
Relationship between Brand Equity and conducted two focus groups; one focus
Purchase Intention: group was conducted by users of flour
Even though [CITATION Moh131 \l 1033 ] who purchased their flour from their
attributed various demographic factors such neighbourhood Chakki and the other
as upgraded life styles, increase income, etc. group was conducted on the users of
to improving responses of customers branded flour who did their purchasing
towards Brand, [CITATION Isa13 \l 1033 ] from retail stores. Table 1 presents
believes that it is the strong Brand Equity research variables with number of items
that positively motivates customer and their sources.
willingness to buy and pay premium as well.

9
MA Research Paper- Sunridge

Table 1: Operationalization of IV. DATA ANALYSIS AND


research variables RESULT:
The data for surveys was gathered through
online surveys in which a total of 256
respondents filled the surveys.
Quantitative analysis was conducted to
analyse the data collected. The tests
conducted on this were test of
dimensionality or in other words factor
analysis, reliability tests, independent t test,
S.No Research Item correlation analysis, relationship analysis
Sources
. Variables s and chi square test. The details of which are
Brand the following:
1. 4 Yoo et al
Awareness
Perceived Table 2: Descriptive statistics and
2. 4 Pappu et al
Quality Factor Analysis
Washburn,
Brand Judith H.,
3. 2
Association Plank,
Richard E.
Brand
4. 3 Yoo et al
Loyalty
Brand
5. 3 Yoo et al
Equity
Price Netemeyer et
6. 3
Premium al
Purchase Voon, Ngui &
7. 5
Intention Agarwal

Table 2 indicates that all the factors passed


3.2 Sample and Data Collection: the test of validity. For this purpose, we used
KMO and Bartlett’s test.
Based on the findings of the focus group we
As shown in the table above all the factors
moved on to Conclusive research, in which
had a KMO of above 0.5 and Bartlett’s test
Descriptive Research I.e. Survey was
of significance showed that all factor values
conducted. We formulated a Questionnaire
were significant and less than 0.05
and conducted the Survey via Personal and
Online forums. Thus, our research design Table 3: Validity and Reliability
consists of both exploratory (Focus Groups) Testing
and Descriptive (Surveys).
Table 3 highlights reliability of the factors
and as shown in the table, Cronbach’s
Alpha > 0.7 for all the factors, which means
10
MA Research Paper- Sunridge

that all factors are reliable and can be used In table 5, the relationship between Brand
Awareness and Purchase Intention was
investigated using Pearson product-moment
correlation coefficient. There was a
statistically significant and strong, positive
correlation between the two variables
[r=0.555, n=256, p<0.05], with high levels
of Purchase Intention associated with high
level of Brand Awareness.
In table 6, the relationship between Brand
for further tests. Loyalty and Perceived Quality was
investigated using Pearson product-moment
The Hypotheses from H1 to H9 were tested
correlation coefficient. There was a
using below mentioned analyses:
statistically significant and strong, positive
correlation between the two variables
[r=0.652, n=256, p<0.05], with high levels
of Perceived Quality associated with high
Correlation Analysis level of Brand Loyalty.
Table 4 Table 7:
In table 4, the relationship between Brand
Awareness and Purchase Intention was
investigated using Pearson product-moment
correlation coefficient. There was a
statistically significant and strong, positive
correlation between the two variables
[r=0.555, n=256, p<0.05], with high levels
of Purchase Intention associated with high
level of Brand Awareness.
In table 7, the relationship between Price
Premium and Purchase Intention was
investigated using Pearson product-moment
correlation coefficient. There was a
statistically significant and strong, positive
correlation between the two variables
[r=0.803, n=256, p<0.05], with high levels
of customer’s willingness to pay associated
with high level of Purchase Intention.

Table 5:
Regression Analysis

11
MA Research Paper- Sunridge

Table 8: predictors account for 49.7% of the variance


in Brand Loyalty, F = 84.949, p<.05,
R2=.503. Both predictors were showing
statistically significant predictive beta
coefficients Brand Awareness β1 = 0.72
p<.05, Brand Association β2 = 0.435 p<.05,
Perceived Quality β2 = 0.287 p<.05 with b0
= 0.548 p < .05.
Chi Square Test:
Table 10:

Multiple linear regression analysis was used


to develop a model for predicting influences
of Brand Equity, Brand Loyalty and
Purchase Premium on Purchase Intention.
The two predictors account for 84% of the
variance on Purchase Intention, F = 446.503,
p<.05, R2=.842. Both predictors were
showing statistically significant predictive
beta coefficients Brand Equity β1 = 0.363
p<.05, Purchase Premium β2 = 0.454 p<.05,
Brand Loyalty β2 =0.237 with b0 = -0.300 p
< .05.
Table 9:

In table 10, the Pearson Chi-Square row,


we can see that χ (1) = 0.9975, p < 0.05.
This tells us that there is statistically
significant association between family size
and monthly expenditure on Atta. Cramer’s
V depicts a moderate strength of association
between the variables

Multiple linear regression analysis was used


to develop a model for predicting influences
Brand Awareness, Brand Association and
perceived quality on Brand Loyalty. The two

12
MA Research Paper- Sunridge

One Way ANOVA: V. DISCUSSIONS:


To analyse our hypothesis, we conducted
Table 11: both quantitative and qualitative studies.
Both methods enabled us to gain useful
pieces of information pertaining to our
research
Qualitative Study:
Two focus groups were conducted. The
focus groups, gauged firstly general aspects
such as daily usage of flour and flour
purchasing habits and secondly other useful
insights into the participant’s knowledge of
flour, their perceptions of ideal flour,
branded flour and quality of flour, their
emotional association to flour and to Chakki
and retail brands. Lastly their openness to
pricing was also gauged.
Moreover, a questionnaire was circulated to
an audience with certain screening
characteristics to get insights related to our
constructs namely brand awareness, brand
association, perceived quality, brand loyalty,
brand equity, price premium and purchase
intentions. The questionnaire about
contained some questions pertaining to
In table 11, a one-way between-groups certain general aspects such as age, income,
analysis of variance was conducted to and purchase habits as well. Responses were
explore the impact of monthly incomes on collected and analysed
purchase intentions. Subjects were divided
Quantitative Study:
into six groups according to their income.
There was no statistically significant for the The responses, approximately 256 in
six income groups [F (5, 250) =1.268, number, were given on a Likert scale and
p=.278]. The effect size was small, then analysed on statistical software. The
calculated using eta squared, was 0.02. sample adequacy was checked via factor
Post-hoc comparisons using the Tukey HSD analysis and the reliability of the scale was
test indicated that purchase intentions were checked via Cronbach Alpha. Consequently,
highest for those with an income bracket of reverse coding was done where needed
Rs.90, 000-99,999, and lowest for those with Moreover, connections were made between
an income bracket of Rs.70, 000 - 79,999.

13
MA Research Paper- Sunridge

the constructs and correlation, regression, Association and perceived quality on Brand
Chi Square tests and One-Way ANOVA Loyalty.
were conducted to determine the link
In terms of identifying the associations
between general aspects and the specific
between family size, monthly expenditure
constructs on purchase intentions of the
and frequency of Atta purchase, it was found
product in context.
out that there is a statistically significant
VI. CONCLUSION AND association between family size and monthly
MANAGERIAL IMPLICATIONS purchase of Atta, also between family size
Understanding the factors contributing to and monthly frequency of purchase of Atta.
purchase intention for any product is key to However, the strength of associations was
ensure sustainability of sales growth in the moderate and weak respectively. The
long term. For a brand like Sun ridge which research also identified that the income
aims to become a household brand for Atta, segment of Rs.100, 000 and above reflected
this research serves as a key indicator on high preference for branded Chakki atta.
where the brand stands on the various Lastly, it was identified that that purchase
marketing constructs and the action plan that intentions were highest for those with an
needs to be devised to stimulate the sales income bracket of Rs.90, 000-99,999, and
growth, which seems stagnated for now. lowest for those with an income bracket of
Whereas the purchase behaviour of Atta Rs.70, 000 - 79,999.
seems to be a simple decision, there are
multiple complex factors that come into play Research Limitations:
which further trickle down to the decision Both qualitative and quantitative data
making of the product in general and brand. collection processes were subject to certain
As per the results achieved from the limitations. In the quantitative study
proposed model in the context of Sunridge’s convenience sampling was used. The use of
purchase behaviour suggest that brand this sampling technique limits the
awareness, brand loyalty, and customer’s generalizability of the study. Likewise, data
willingness to pay have positive influence was collected only from Karachi in the
on purchase intentions. This study also qualitative study). This also limits the
probes further through quantitative analysis factors contributing to brand awareness.
to identify the relationship between Furthermore, the research assumed of
perceived quality and brand loyalty, where Sunridge having substantial brand equity
there was a strong influence of perceived despite being in the market for only 3 years.
quality on brand loyalty. Results based on The research can be further refined by far
multiple regression analysis reflected that reaching data collection across Pakistan and
predicting influences of Brand Equity, Brand conducting further exploratory research on
Loyalty and Purchase Premium on Purchase factors contributing to brand awareness.
Intention was evident, along with predicting
influences Brand Awareness, Brand

14
MA Research Paper- Sunridge

REFERENCES:
Ali, M. (2018). Planning Commission Provides Technical Assistance For Fortification 950,000 Metric
Tons Of Flour. Retrieved from https://www.urdupoint.com/en/pakistan/planning-commission-provides-
technical-assist-437017.html

Buil, I., Martínez, E., & Chernatony, L. d. (2013). The influence of brand equity on consumer responses.
Journal of Consumer Marketing, Vol. 30 Issue: 1, pp.62-74.

Erdoğmuş, İ., & Büdeyri‐Turan, I. (2012). The role of personality congruence, perceived quality and
prestige on ready‐to‐wear brand loyalty. Journal Of Fashion Marketing And Management: An
International Journal, 16(4), 399-417.

Esmaeilpour, F. (2015). The role of functional and symbolic brand associations on brand loyalty. Journal
Of Fashion Marketing And Management: An International Journal, 19(4), 467-484.

Government urged to exclude flour from Ramazan package. (2018). Retrieved from
https://tribune.com.pk/story/1685730/1-government-urged-exclude-flour-ramazan-package/

Ha, H., & John, J. (2010). Role of customer orientation in an integrative model of brand loyalty in
services. The Service Industries Journal, 30(7), 1025-1046.

Johan Anselmsson, Niklas Vestman Bondesson, Ulf Johansson. (2014). Brand image and customers'
willingness to pay a price premium for food brands. Journal of Product & Brand Management.

Lu, J., & Xu, Y. (2015). Chinese young consumers’ brand loyalty toward sportswear products: a
perspective of self-congruity. Journal Of Product & Brand Management, 24(4), 365-376.

Major increase in wheat flour price. (2018). Retrieved from The News:
https://www.thenews.com.pk/print/369217-major-increase-in-wheat-flour-price

Nebojsa S. Davcik, Piyush Sharma. (2015). Impact of product differentiation, marketing investments and
brand equity on pricing strategies: A brand level investigation. European Journal of Marketing.

Nguyen, T., Barrett, N., & Miller, K. (2011). Brand loyalty in emerging markets. Marketing Intelligence
& Planning, 29(3), 222-232.

Paula Rodrigues, F. V. (2016). Perceptual and behavioural dimensions:. Journal of Fashion Marketing
and Management: An International.

Pedro Marcelo Torres, Mário Gomes Augusto, João Veríssimo Lisboa. (2015). Determining the causal
relationships that affect consumer-based brand equity. Marketing Intelligence & Planning.

15
MA Research Paper- Sunridge

Qahar, S. (2018). Using packaging to create brands. Retrieved from


https://aurora.dawn.com/news/1143177/using-packaging-to-create-brands

Romaniuk, J., & Nenycz-Thiel, M. (2013). Behavioral brand loyalty and consumer brand
associations. Journal Of Business Research, 66(1), 67-72.

16

Das könnte Ihnen auch gefallen