The Influential Factors on Brand Image

This report examines Beijing Competitor Sports Science Technology Joint Stock Co., Ltd. (CPT), a Chinese domestic company, which is conducting early research on sports nutrition food. Despite having a significant customer base in China, the CPT excessively promotes products because of the consistent decline in gross margin from 2019 to 2021. This article aims to examine the reasons behind the substantial influence of brand image on the sales volume and profitability of a product. One significant factor is the influence of brand trust and product quality, which could potentially lead to customer purchasing behavior and their perception on brand image. The article argues that companies should give priority to product quality rather than excessive promotion. It further suggests that maintaining and improving consumer loyalty to strengthen the brand image will lead to increased sales. The paper also asserts that the quality of the product influences changes in purchase intentions. It suggests that firms might increase sales by understanding and fulfilling consumers' buying intentions.

Authors

Publication Details

Journal
Highlights in Business Economics and Management
Published
2024-08-08
DOI
https://doi.org/10.54097/xwyxmv24
Primary Topic
Impact of AI and Big Data on Business and Society
Type
article
Field-Weighted Citation Impact
0.00
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article

The Influential Factors on Brand Image

Guanyu Chai
Highlights in Business Economics and Management
Impact of AI and Big Data on Business and Society
article

The Influential Factors on Brand Image

Guanyu Chai
article en

Abstract

This report examines Beijing Competitor Sports Science Technology Joint Stock Co., Ltd. (CPT), a Chinese domestic company, which is conducting early research on sports nutrition food. Despite having a significant customer base in China, the CPT excessively promotes products because of the consistent decline in gross margin from 2019 to 2021. This article aims to examine the reasons behind the substantial influence of brand image on the sales volume and profitability of a product. One significant factor is the influence of brand trust and product quality, which could potentially lead to customer purchasing behavior and their perception on brand image. The article argues that companies should give priority to product quality rather than excessive promotion. It further suggests that maintaining and improving consumer loyalty to strengthen the brand image will lead to increased sales. The paper also asserts that the quality of the product influences changes in purchase intentions. It suggests that firms might increase sales by understanding and fulfilling consumers' buying intentions.

Highlights in Business Economics and ManagementVol. 39
Openalex Percentile: Top 84%
Impact of AI and Big Data on Business and Society
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The Influential Factors on Brand Image — Guanyu Chai · Highlights in Business Economics and Management (2024) | TGRS Research Map | TGRS