Consumer Psyc 2 & 3 Flashcards
What is a brand?
“A type of product manufactured by a particular
company under a particular name: ‘a new brand of
soap powder’” (Oxford Dictionary, from
http://www.oxforddictionaries.com/definition/english/brand)
A “name, term, design, symbol, or any other feature
that identifies one seller’s good or service as
distinct from those of other sellers” (American
Marketing Association, from
https://www.ama.org/resources/Pages/Dictionary.aspx?
dLetter=B)
◦ “branding” cattle
A brand is a category (Aaker, 1991)
◦ products are elements of the category
Why do brands matter?
Brands are ubiquitous
Brands influence our economic decisions
Brands influence our perceptions and
cognitions (e.g., information processing,
inferences, memory):
◦ informational value: heuristic for consumers
that reduces risk
◦ categorisation allows consumers to go beyond
the given information
Brand labels provide a powerful basis for inferences
What is the evidence for the effects of brand labels?
Peanut butter study (Hoyer & Brown, 1990):
◦ Participants were presented with three brands of
peanut butter
One was a known brand
◦ Manipulated quality: high quality peanut butter
was placed in the jar of the known brand or one
of the unknown brands
◦ Participants selected a brand and tasted the
peanut butter (5 trials)
◦ Results:
Strong tendency to select the jar of the known
brand, even when it contained an inferior quality
peanut butter
Chicken nugget study
Chicken nugget study with children
(Robinson et al., 2007):
◦ unlabelled white package vs. branded package
(McDonalds)
◦ reported that the nuggets tasted better when
in branded package
Coke vs. Pepsi fMRI study
(McClure et al.,
2004):
◦ unlabelled:
no difference in reported taste
preference correlated with ventromedial PFC activity
◦ labelled:
significant preference for sample labelled Coke
preferences correlated with dorsolateral PFC and
hippocampal activity
What makes us consume a
particular brand?
We are aware of the brand The brand satisfies our psychological needs ◦ self-definition, self-reflection and self-signalling ◦ uniqueness ◦ belonging ◦ effectance
We are aware of the brand
Brand awareness: familiarity with a brand Consists of two components: ◦ recognising the brand ◦ correctly associating it with a particular product/service Cultivating brand awareness: ◦ logos ◦ colours ◦ names
Logos
Symbols (including logos) are powerful because: ◦ they can be used to represent an infinite number of concepts ◦ we perceive them quickly and effortlessly “A picture is worth a thousand words” A strong logo can be a double-edged sword
Colours
We detect colour easily (pre-attentive
system)
Effectiveness of using colour depends on
context
◦ E.g., basic colours in cluttered vs. uncluttered
environments (Boynton & Smallman, 1990;
Jansson, Bristow, & Marlow, 2004)
Names
Sound symbolism
◦ marketers try to align sounds to their brand/
product e.g., hard vs. soft sounding names,
Blackberry vs. Strawberry
Fluency:
◦ The extent to which a name is easy to
pronounce
Janice Hart is fluent (pronounceable)
Aurelia Pucinski is disfluent (unpronounceable)
eg. Which would you choose… to run a kid’s birthday party? ◦ Zintec Inc., or ◦ Baloomba Inc.
Which shape is the maluma?
Fluency confers advantages
Stocks (Alter & Oppenheimer, 2006):
◦ Study 1 (fabricated stocks): participants
expected stocks with fluent names to
outperform stocks with disfluent names
◦ Study 2 (shares on the NYSE and AMEX):
fluent outperformed disfluent, but only in the
short term
effect not due to company size or industry
◦ Study 3: replicated Study 2 results using ticker
codes
If you were to invest $1000 in shares with fluent (vs. disfluent)
ticker codes, you’d be better off by $85.35 after 1 day of trading
Why are logos, colours, and names
important?
They provide marketers with multiple routes to increasing brand awareness ◦ mere exposure effect When used effectively, they give brands public visibility (Berger, 2013) ◦ provides social proof Thus, the brand advertises itself!
Brands and the self
James (1890) highlighted the link between consumption and the self-concept Brands have symbolic meanings ◦ values/purpose ◦ personality
Brand personality
“the set of human characteristics
associated with a brand” (Aaker, 1997, p.
347)
relatively stable over time, but influenced
by context (“malleable self”; Aaker, 1999)
creates differentiation between brands,
even when there are few objective
differences
◦ E.g., Absolut vodka vs. Stoli
What is the 5-factor structure of brand
personality? (Aaker, 1997)
- Sincerity
- Excitement
- Competence
- Sophistication
- Ruggedness