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Role of Advertisement in Managing the Brand Equity of Carbonated Drinks Among Generation-Z

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Submitted By amanbedi
Words 2921
Pages 12
Volume 2, Number 4, October – December’ 2013 ISSN (P):2279-0977, (O):2279-0985
International Journal of Applied Services Marketing Perspectives © Pezzottaite Journals. 597 | P a g e
ROLE OF ADVERTISEMENT IN MANAGING THE BRAND EQUITY
OF CARBONATED DRINKS AMONG GENERATION-Z
Dr. Nishakant Ojha1
ABSTRACT Companies spend large amount of their money on building brand equity. This study explores the relationship between advertising and brand equity. The purpose of this study is to how advertisements of carbonated drinks acts as stimuli in influencing purchase decision of generation-Z. It also explores the role of electronic media in advertising. Data for the study has been collected by using the survey method using convenience sampling and Judgment Sampling among Generation-Z i.e. respondents born in 1989 - till 2000s respondents in Jalandhar and Phagwara city, Punjab. The reliability of data was established using Cronbach’s coefficient Alpha. The data reduction technique of factor analysis was used for introspection of data. KEYWORDS Advertising, Brand Equity, Effective Medium, Generation Z etc.
INTRODUCTION
The prime goal of every business organization is to build strong brand equity (Keller and Lehmann, 2006). The biggest thrust behind the buying habits of consumers is brand equity. Brand equity is defined as the value premium that a company realizes from a product with a recognizable name as compared to its generic equivalent. It provides an advantage of larger margins, greater intermediary cooperation and support, and brand extension opportunities (Delgado-Ballester and Munuera-Alemán, 2005). According to Aaker’s theory brand, equity has various dimensions as brand Loyalty brand awareness, perceived quality, a set of brand dependents, other brand’s private property. These dimensions can be building up by the various marketing communication channels out of which

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