COMPARISON OF FACTORS AFFECTING CONSUMER ATTITUDES TOWARDS BRAND EXTENSION IN TERMS OF DOMESTIC AND FOREIGN BRANDED PRODUCTS
Abstract
Objectives: The aim of this study is to investigate the
effects of consumers’ attitudes toward brand extensions and to demonstrate how
these effects differ in domestic and foreign brands.
Methods: Consumers of two different brands (domestic and
foreign) from the same sector were chosen and included in the scope of the
research. Using hypothetical extensions of these brands, research data that
gathered from 923 consumers via face-to-face surveys was analyzed with multiple
regression analysis, exploratory factor analysis, and z-test.
Results: Research results show that
the conceptual fit between the parent brand and the suggested extension,
consumer ethnocentric tendencies and parent brand awareness/association have
significant effect on consumers’ evaluation of brand extension strategy. Other
factors which are “consumer innovativeness”, “consumer involvement” and
sub-dimensions of brand equity which are “perceived quality” and “loyalty” have
no significant effect on consumers’ attitudes toward brand extensions. The most
effective factor on the positive evaluation of brand extension by the consumer
was found to be the perceived fit between the original product category and
suggested extension. The consumers’ attitudes toward the domestic and foreign
brand extensions differ partially between domestic and foreign brand
preferences. Accordingly, it has been found that the effects of the
ethnocentric tendencies of consumers on attitudes towards brand extension
differ significantly in terms of domestic and foreign brands.
Keywords
References
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Details
Primary Language
Turkish
Subjects
Economics
Journal Section
Research Article
Publication Date
November 16, 2017
Submission Date
November 16, 2017
Acceptance Date
November 8, 2017
Published in Issue
Year 2017 Volume: 6 Number: 3