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Essay example - Consumer Behaviour
Pages 8 (2008 words)
This paper is the best example of comparison of two different brands Mother Energy drink and Red Bull. It compares and contrast their potential customers and the way social character, need for uniqueness and buying…
Extract of sample
This paper talks about two brands: Red Bull and Mother Energy Drink. The niche in which these brands compete is carbonated soft drink and it is a very narrow niche. Red-Bull is an Austrian brand that was first introduced in 1987. It is available in 120 countries all over the world and is widely regarded as the world’s number-one energy drink. Mother Energy drink is a brand of Coca Cola and was first released in Australia. It was introduced Australia in 2006 when Red Bull and V energy drink commanded 94% share in the market. The paper will compare and contrast how consumer social characteristics, their need for uniqueness and how being a visualizer or being a verbalizer affects consumer perception of the brand followed by a conclusion towards the end of the paper. The primary focus of the paper will be on how these three dimensions influence consumer behavior. According to Kotler (2010), consumer behavior is an enigma for marketers all over the world. Countless number of strategies and approaches has been designed by marketers to understand the reasons behind why buyers choose a certain product over another similar product. However, a concrete model or method describing consumer behavior which guarantees a positive response from the buyer in the form of purchases or repeated purchases is yet to be formed. Both Red Bull and Mother are branded in different ways and create different impressions on the minds f the consumer. Likewise they will influence the consumer decision to purchase the brand in their own ways. ...
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