The Effects of Brand Equity on Consumer Attitude and Behavior : Food Market in Vietnam
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Purpose – The purpose of this study is to practically analyze the effect of the brand equity of Korean food companies in Vietnam on the brand attitude and purchase intention of Vietnamese consumers. Research design, data, and methodology – In total, 240 subjects were examined in this study. The collected data were analyzed using statistical programs SPSS 21 and AMOS 21. The credibility of the variables was examined using the exploratory factor analysis, and confirmatory factor analysis. The hypothesis was examined through the structural equation model analysis. Results – It is proven that brand image and perceived quality are accepted, and the brand awareness is rejected from the hypothesis that “the brand equity has a positive effect on the brand attitude”. However, the brand image and brand awareness are accepted, and the perceived quality is rejected from the hypothesis that “the brand equity has a positive effect on the purchase intention”. Conclusions – The following are the conclusions of the study. First, among the components of brand equity, the brand image is confirmed to positively affect both brand attitude and purchase intention. Second, high brand awareness does not necessarily lead to positive brand attitudes of the consumers. Third, The brand image appears to positively affect the brand attitude and purchase intention. However, the awareness of consumers of a brand does not directly lead to positive consumer attitudes.
Abstract
Purpose – The purpose of this study is to practically analyze the effect of the brand equity of Korean food companies in Vietnam on the brand attitude and purchase intention of Vietnamese consumers. Research design, data, and methodology – In total, 240 subjects were examined in this study. The collected data were analyzed using statistical programs SPSS 21 and AMOS 21. The credibility of the variables was examined using the exploratory factor analysis, and confirmatory factor analysis. The hypothesis was examined through the structural equation model analysis. Results – It is proven that brand image and perceived quality are accepted, and the brand awareness is rejected from the hypothesis that “the brand equity has a positive effect on the brand attitude”. However, the brand image and brand awareness are accepted, and the perceived quality is rejected from the hypothesis that “the brand equity has a positive effect on the purchase intention”. Conclusions – The following are the conclusions of the study. First, among the components of brand equity, the brand image is confirmed to positively affect both brand attitude and purchase intention. Second, high brand awareness does not necessarily lead to positive brand attitudes of the consumers. Third, The brand image appears to positively affect the brand attitude and purchase intention. However, the awareness of consumers of a brand does not directly lead to positive consumer attitudes.
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