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Indian Journal of Finance | Prabandhan: Indian Journal of Management | Arthshastra: Indian Journal of Economics & Research
 

   Volume 43 • Number 6 • June 2013

 
Chocolate Packaging and Purchase Behaviour: A Cluster Analysis Approach
Indian Journal of Marketing, Volume 43, Number 6, pp. 5 - 14.
Packaging is regarded as an important component of our modern lifestyle, and a significant element of the branding process. Changing consumers' lifestyle and increasing self-service has positioned product package as a tool to stimulate impulse buying and increase sales promotion. Chocolate is a product which is consumed irrespective of age barriers. Today, chocolate is marketed in different ways to different consumer segments and hence, packaging of chocolates is ,therefore, critical. This study used a hierarchical cluster analysis approach to organize a group of 240 students into meaning clusters based on a combination of several independent chocolate packaging cues (cluster variables), which maximized the similarity of cases within each cluster while minimizing the dissimilarity between groups that were initially unknown. This was followed by one - way ANOVA to ascertain the significant differences between the groups on the classifying variables. Results reflected that cluster variables ("Price and purchase decision") were of paramount importance in purchase of chocolate bars. Cluster variables "Look for expiry dates," "Colour and purchase decision," and "Shape and purchase decision" were significant across all the three clusters. Variables like "Brand name and purchase decision," "Packaging material and purchase decision," "Picture and purchase decision," and "Size and purchase decision" were significant only for Clusters 1 and 2. "Look for ingredients," "Look for manufacturing unit's address," and "Look for nutritional information" were significant for Clusters (1, 3) and (2, 3). Thus, the study scrutinized the key packaging cues influencing 'student clusters'.
Keywords: chocolate, cluster, packaging, product, purchase
References
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Suraj Kushe Shekhar
Ph.D. Scholar, Department of Management Studies
Kannur University, Thalassery Campus, Kannur - 670661, Kerala.
surajkushe@gmail.com
 
P. T. Raveendran
Professor, Department of Management Studies
Kannur University, Thalassery Campus, Kannur - 670661, Kerala.
ravindranpt@gmail.com 
 
 
 
Influence of Physical Evidence on Service Brand Image Dimensions and Brand Equity
Indian Journal of Marketing, Volume 43, Number 6, pp. 15 – 28.
Branding and brand equity benefits have long been established for goods. Services which are said to be unique and different from goods in view of its unique characteristics need a different approach. The marketers have been trying to influence the consumers through the various marketing mix elements. In services, apart from the traditional mix elements, there are additional elements that hold relevance, collectively referred to as extended marketing mix elements. Among the elements, physical evidence has a definitive influence on brand image and subsequent brand equity. Services are high in experience quality, are personal in nature, and the consumers' experience with the service firm is a key determinant to image perception and brand equity. Physical evidence encompasses the overall experience for the consumer and even the people element, another mix element, which includes the employees and the customers, who interact within the physical environment. A positive experience significantly affects the firm's brand equity. There is a dearth of research in the area of marketing mix influence on brand equity in the area of services .The present paper tries to empirically investigate the influence of physical evidence on brand image dimensions like user image, corporate image, and service image and consequently, brand equity in services through a study carried out in the retail banking sector. The findings hold significant value for marketers by aiding them in identifying the influence pattern.
Keywords: brand equity, physical evidence, brand image, retail banking, services
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Somnath Mukherjee
Assistant Professor, Department of Management
Birla Institute of Technology, Ranchi Campus, Circular Road
Lalpur, Ranchi-1.
smukherjeebit@gmail.com 

Shradha Shivani
Professor, Department of Management
Birla Institute of Technology, Mesra, Ranchi.
shraddhashivani@bitmesra.ac.in

 
 
A Study on Post Purchase Behaviour with Special Reference to Mahindra Two Wheelers
Indian Journal of Marketing, Volume 43, Number 6, pp. 29 – 39.
The two-wheeler market in India is the biggest contributor to the automobile industry, with a size of `100,000 million. Today's customers are becoming harder to please. They are smarter, more price conscious, more demanding, less forgiving, and collect information about many more competitors with equal or better offers. The interaction between consumer expectations and actual product performance produces either satisfaction or dissatisfaction. At the higher levels of satisfaction, customers are likely to re-purchase and even speak well of the company and its products. The study aimed to assess expectations, perceptions, and post purchase behaviour of Mahindra scooter customers, which will enable both the manufacturer and the distributors to know about the customers' expectations, perceptions, and post purchase behaviour, that in turn helps to reduce the post purchase dissonance and aids in enhancing customer satisfaction.
Keywords: customer satisfaction, expectations, perceptions, post purchase behaviour, two wheelers, scooters
References
1 Amrith, A. (2008). “Fast Growing Two Wheeler Industry.” Retrieved from http://www.articleclick.com/Article/Fast-growing-two-wheeler-industry/997958
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6 Dutta, K., & Dutta, A. (2009). “Customer Expectations and Perceptions across the Indian Banking Industry and the Resultant Financial Implications.” Journal of Services Research, 9 (1), pp.31 - 47.
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9 Hernandez, M., & Fugate, D. L. (2004). “Post Purchase Behavioural Intentions: An Empirical Study of Dissatisfied Retail Consumers in Mexico”, Journal of Consumer Satisfaction, Dissatisfaction and Complaining Behaviour, 17 (1), pp.152-171.
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14 Lilly, J. (2010). “Customer Perception and Preference towards Branded Products (With Special Reference to Television Sets).” Indian Journal of Marketing, 40 (2), pp.49- 55, p.61.
15 Lin, W.-B. (2009). “A Study of Relations among Service Quality Differences, Post-Purchase Behaviour intentions with Personality traits, and Service Recovery Strategy as Intervening Variables.” International Journal of Commerce & Management, 19 (2), pp.137- 147. DOI : 10.1108/10569210910967897.
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26 Shaharudin, M. R., Yusof, K.M.M., Elias, S.J., & Mansor, S.W. (2009). “Factors Affecting Customer Satisfaction in After Sales Service of Malaysian Electronic Business Market.” Journal of Canadian Social Sciences, 5 (6), pp.9-19.
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R. Anitha
Principal, Sasi Creative School of Business
Coimbatore, Tamil Nadu.
anirkgoutham@yahoo.co.in 

 
V. Kanimozhi
Assistant Professor, Department of Management
Sasi Creative School of Business, Coimbatore, Tamil Nadu.
kanimozhi.viswanathan@gmail.com

 
 
 
The Success of Shopping Malls Lies in the Hands of Mall Developers : A Study
Indian Journal of Marketing, Volume 43, Number 6, pp. 40 – 46.
In India, out of the 12 million sq.ft of Indian shopping centre space planned for opening in 2012, only about 60 percent was expected to be complete (JLLS) because of the huge delay in mall projects in India's biggest cities. There is a stress even in the business model as it is getting a bit expensive. Real estate prices and construction costs are rising, but the retail business is not growing enough to absorb these costs. Retail rents are down by 30 to 40 percent as compared to the peak of 2008 (CRISIL). Shopping malls, therefore, cannot mushroom without analyzing the basics like the catchment area, the spending power of the demography, and its business potential. The malls have to be situated in places where there is scope for shopping. Innovation is ,therefore, necessary and the retailers must be encouraged to enhance their diversity of services, and food and entertainment options must be encouraged rather than enhancing the size of the mall/retailer engagement. Better mall management must create ambience and a hygienic and a clean environment must be created for family members to enhance the loyalty of the consumers. The present study is based on the multiple drivers of growth and the issues being faced today by these shopping malls when more are coming up, but they are not able to find the right rentals, nor the required footfalls. A total marketing effort has to be made by these upcoming mall developers to make their ventures a success.
Keywords: mall developers, shopping malls, organized retail, deferment, growth drivers
References
1 Asia Pacific Property Digest, Fourth Quarter 2012 (2013). “Improving Sentiment.” published by Jones Lang LaSalle, Retrieved from http://www.joneslanglasallesites.com/appd/wp-content/uploads/2013/02/APPD-4Q-2012.pdf
2 Asia Pacific Report 4 Q (2011). “Market Beat Retail Snapshot.” Cushman Wakefield Research, Retrieved from https://www.cushwake.com/cwglobal/docviewer/ApacRetailMB.pdf?id=c60300031p&repositoryKey=CoreRepository&i temDesc=document&cid=c43300026p&crep=Core&cdesc=binaryPubContent&Country=Asia&Language=EN
3 ASSOCHAM Report (2012, October). “FDI in Retail- Advantage Farmers.” published by Food & Agri Business Strategic Advisory & Research (FASAR) team- Yes Bank in association with ASSOCHAM. Retrieved from http://www.assocham.org/arb/general/Background-FDI-Retail.pdf
4 A.T. Kearney (2012). “Global Retail Development Index (GRDI) Report, Global Retail Expansion: Keeps on Moving.” Retrieved from http://www.atkearney.com/documents/10192/302703/Global+Retail+Expansion+Keeps+On+Moving.pdf/4799f4e6-b20b-4605-9aa8-3ef451098f8a
5 Business Monitor International (2013). “BMI India Retail Report Q2.” Retrieved from S B Wire website http://www.sbwire.com/press-releases/bmi-india-retail-report-q2-2013-new-report-available-227768.htm.
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7 Deloitte Report (2013). “Indian Retail Market Opening door” Retrieved from http://www.deloitte.com/assets/Dcom-India/Local%20Assets/Documents/Thoughtware/Indian_Retail_Report_Opening_more_doors.pdf
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N. H. Mullick
Professor & Program Director (Marketing)
Institute for International Management & Technology, 336, Udyog Vihar,
Phase-IV, Gurgaon-122001 , Haryana.
drnhmullick@gmail.com


 

 
 
Factors Affecting the Purchase of Staple Goods: An Empirical Study of Edible Oil Purchase in Tripura
Indian Journal of Marketing, Volume 43, Number 6, pp. 47 - 53.
Edible oil is the most important type of cooking medium in India and Tripura is no exception. The present paper is an attempt to find out the underlying factors that are actively considered by the consumers in Tripura while purchasing edible oil. The paper also seeks to find out whether there is any significant difference in the selection of the underlying factors by the husband and the wife of the same family. The paper concludes that Visible Brand, Healthy Brand, Brand Communication, Packaging Design, Price of the Oil, and Taste of the oil were the most important underlying factors considered by the consumers while purchasing edible oil. This paper also concludes that there is no significant difference among the selection of variables while purchasing edible oil by the husband and the wife of the same family.

Keywords: factor analysis, Wilcoxon signed-rank test, visible brand, healthy brand, brand communication, packaging design, price of the oil, taste of the oil

References
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2 ICRA Rating Feature (2011). “Indian Edible Oils Industry: Key Trends & Credit Implications.” Retrieved from www.icra.in/Files/ticker/Indian_Edible_Oils_ - note11072011pdf
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5 Kulshreshth, S., & Datta, P. (Eds.) (2012). “The Marketing White Book 2012-13: One-Stop Guide for Marketers.” 8th Edition, Business World, ABP Pvt. Ltd., New Delhi, pp.189-191.
6 Ramesh, P., & Murughan, M., (2012). “Edible oil Consumption Pattern in India.” Retrieved from www.ameft.com
7 Sarwade, W.K. (2011). “Brand Preferences and Consumption Pattern of Edible Oils in Maharashtra State.” International Conference on Economics and Finance Research, IPEDR Vol. 4 , pp. 330-334.

Manish Das
Assistant Professor, Department of Business Management
Tripura University, Surjyamaninager, West Tripura - 799022.
das_maddy_23@yahoo.com
 

 
 
 
Co-Branding: A Case Study of Micromax and MTV
Indian Journal of Marketing, Volume 43, Number 6, pp. 54 - 60.
Co-branding is an instrument to introduce new products in the market by partner brands. The aim of the present case study is to identify the usefulness of co-branding in brand building. Partner selections in co-branding as well as the pessimistic side of co-branding have also been included in the present research. The paper also discusses the role of co-branding with the help of Micromax and MTV case study. The study analyzes why partner selection is an important aspect in co-branding. Proper partner selection increases the brand equity of each partner. The study also discusses the advantages and disadvantages of co-branding. The research concludes that companies are adopting co-branding as an extension strategy to maintain and to gain the market share by introducing fresh products.
Keywords: brand, co-branding, marketers, partners, MTV, Micromax
References
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5 Deshmukh, M., (2011). “How to Select the Most Appropriate Brand Partner.” Retrieved from http://toostep.com/idea/how-to-select-the-most-appropriate-brand-partner
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7 Gaurang (2010). “Micromax Launches MTV X 360, A Co-Branded Mobile.” Retrieved from http://teleguru.in/2010/02/1527/
8 Ghosh, P. (2009). “Can Co-branding Help in Better Brand Building.” Retrieved from http://toostep.com/debate/can-Co-branding-help-in-better-brand-building
9 Grossman, R. P. (1997). “Co-branding in Advertising.” Journal of Product Brand Management, 6(3), pp.191-201.
10 Hadjicharalambous, C. (2001). “Show me your Friends and I will tell you who you are: A Consumer Evaluation of Co-branding Extensions using Structural Equation Modeling.” Unpublished Doctoral Dissertation: Baruch College, The City University of New York, pp.10-50.
11 Hampton, J. E. (1987). “Inheritance of Attributes in Natural Concept Conjunctions.” Memory and Cognition, 15 (1), pp.55 - 71.
12 Hampton, J. E. (1997). “Conceptual Combination: Conjunction and Negation of Natural Concepts.” Memory and Cognition, 25 (6), pp. 888 - 909.
13 How Micromax sells 1 million handsets every month (2010, April 2). Retrieved from http://business.rediff.com/interview/2010/apr/02/tech-inter-how-micromax-sells-1-mn-handsets.htm
14 Joseph, L. (2010). “Micromax challenges Samsung, LG in Mobile Phone Stakes.” Retrieved from http://www.livemint.com/2010/02/08221833/Micromax-challenges-Samsung-L.html
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20 Rao, A. R., & Robert, W. R. (1994). “Brand Alliances as Signals of Product Quality.” Sloan Management Review, 36(1), pp.87- 97.
21 Samu, S, Krishnan, H. S., & Smith, R. E. (1999). “Using Advertising Alliances for New Product Introduction: Interactions Between Product Complementarity and Promotional Strategies.” Journal of Marketing, 63(1), pp.57 - 74.
22 Simonin, L. B., & Ruth, J. A. (1998). “Is a Company known by the company it keeps? Assessing the Spillover Effects of Brand Alliances on Consumer Brand Attitudes.” Journal of Marketing Research, 35(1), pp.30-42.
23 Vishnu, J. (2011). “What are the aspects that one should consider while co branding with another product.” Retrieved from http://toostep.com/idea/what-are-the-aspects-that-one-should-consider-while-co-brand
24 Vishnu, J., (2010). “Micromax Co-branding with MTV : will this be successful?” Retrieved from http://toostep.com/debate/micromax-Co-branding-with-mtv-will-this-be-successfull.

Mokhalles M. Mehdi
Assistant Professor of Marketing, MIS & IT, School of Business
The Assam Kaziranga University, Koraikhowa
NH 37, Jorhat, Assam.
mokhalles83@gmail.com