Titel: Hur står sig de billigare substituten emot premium produkter? Nivå: C-uppsats i ämnet företagsekonomi Författare: Giancarlo Mancuso & John Gustafsson Handledare: Jonas Kågström Datum: 2012 – Maj Syfte: Syftet med denna uppsats är att vi vill undersöka hur de billigare substituten står sig emot premium produkter genom att ställa de emot varandra i ett blindtest föreslagits av tidigare forskning Ogenyi Ejye (1994). Vi vill veta om det finns en stor skillnad mellan de billigare varianterna och de premier produkterna enligt tidigare gjord forskning. Metod: Vi har utfört ett experiment i form av ett blindtest där vi sätter fyra olika Cola sorter emot varandra. Under genomförandet av experimentet har vi använt oss utav enkäter för att samla in data. Detsamma gäller för vår webb undersökning. Resultat & slutsats: Det vi kom fram till i vår undersökning är att varumärken påverkar oss konsumenter både positivt och negativt. Vi kan tydligt se i det blinda testet att det inte skiljer sig så mycket mellan premier produkterna och de billigare substituten när det kommer till smaken. Men i det visuella testet kan vi se en tydlig skillnad mellan de olika sorterna. Vidare visade vår undersökning att det genomsnittliga priset som våra deltagare var villiga att betala för de olika produkterna ligger över det faktiska priset i både det visuella och det blinda testet. Förslag till fortsatt forskning: En intressant vidare forskning skulle vara att ta samma deltagare och genomföra två olika experiment på dem. Den ena skulle vara ett blindtest där deltagarna är omedvetna om vad det är de dricker och det andra skulle vara ett visuella test där deltagarna är medvetna om vilket varumärke det är de dricker, därefter jämföra resultatet. En annan vidare forskning i detta sammanhang skulle vara att undersöka WTA(Willingness To Accept) för att se vilket pris man som konsument skulle vara villig att betala.  Uppsatsens bidrag: Det vi kom fram till är att skillnaden mellan de olika Cola sorter inte är så stora när man tar bort varumärket. Det är ett bevis på att de billiga substituten börjar matcha det premium produkterna i form av smak preferenser. Vi ser också hur viktigt det är att skapa ett starkt varumärke. Nyckelord: Brand, Brand Equity, Willingess to Pay, Consumer price perception, Pricepremium / Title: How do the cheaper substitutes withstand the premium products? Level: Degree in Business Administration Author: Giancarlo Mancuso & John Gustafsson Supervisor: Jonas Kågström Date: Maj – 2012 Aim: The purpose of this paper is to investigate how cheaper substitutes hold up to premium products by comparing them to each other in a blind test suggested by previous research Ogenyi Ejye (1994). We want to know if there is a major difference between the cheaper versions and the premium products in accordance with previous research. Method: The research had been done in the form of a blind test. Four different Cola varieties and have been compared against each other using a survey to collect data. This form of testing applied to our online survey as well. Result & Conclusions: The conclusion of our study is that brands do affect us as consumers, both in a positive and negative way. We could clearly see that in the blind test between the premium products and the cheaper substitutes there was not much of a difference in taste. In the visual test we could clearly see a difference between the products. Furthermore this research has shown that our participants are willing to pay more than the actual retail price for this product in both the visual and blind test. Suggestions for future research: It would be interesting with further research to take the same participants and perform two different experiments on them. One could be a blind test and the second could be in a visual test. During which the participants are aware of what they taste to see if there would be a major difference between the results. It would also be interesting to see research done using WTA (Willingness to Accept) in this context.  Contribution of the thesis: Our research has shown that there is not a great difference between the tastes of the products. It has given further proof that the cheaper substitute products are delivering almost the same quality as the premium product, which shows how important it is to build strong brand equity. Key words: Brand, Brand Equity, Willingness to Pay, Consumer price perception, Price premium

<p>The study empirically investigated the effects of consumer price perception dimension and reputation dimension on attitude toward private label brands among young Swedish consumers. Consumer price perception dimension includes value consciousness, price consciousness, and price-quality association factors. Reputation dimension includes retailer’s reputation, existence of word-of-mouth (WOM), positive WOM, and negative WOM.</p><p>Previous studies have found that factors under the consumer price perception dimension have an impact on attitude toward private label brands. The current study argues, based on theoretical framework, reputation dimension could also be considered as having an impact on attitude toward private label brands but that this has not been investigated before.</p><p>Measurement scales for consumer price perception dimensions were taken from Baltas (1997) and Burton et al. (1998). New measurement scales were developed for factors under the reputation dimension. The reliability and validity of all the factors used in the study have been discussed.</p><p>A multiple regression analysis was conducted where the private label attitude was the dependent variable and all factors under the two dimensions investigated in the study were the independent variables. The results of the analysis showed that value consciousness and price consciousness factors under the consumer price perception dimension have significant relationships with attitude toward private label brands. Similarly, retailer’s reputation, positive WOM, and negative WOM under the reputation dimension have significant relationships with attitude toward private label brands. Specifically, these three reputation dimension factors were found to have more influence on attitude toward private label brands among young Swedish consumers than the two factors found significant under the consumer price perception dimension.</p><p>The major implication for the Swedish retailers is that they should put more emphasis on their own reputation (retailer’s reputation factor) and on positive WOM to develop favorable attitude toward private label brands among young Swedish consumers. They should also fight any negative WOM about their private label brands. In addition, the Swedish retailers should try to promote the quality aspect of their private label brands to the young Swedish consumers as value consciousness was found to be a significant determinant across the most of the demographic variables studied here.</p>

The study empirically investigated the effects of consumer price perception dimension and reputation dimension on attitude toward private label brands among young Swedish consumers. Consumer price perception dimension includes value consciousness, price consciousness, and price-quality association factors. Reputation dimension includes retailer’s reputation, existence of word-of-mouth (WOM), positive WOM, and negative WOM. Previous studies have found that factors under the consumer price perception dimension have an impact on attitude toward private label brands. The current study argues, based on theoretical framework, reputation dimension could also be considered as having an impact on attitude toward private label brands but that this has not been investigated before. Measurement scales for consumer price perception dimensions were taken from Baltas (1997) and Burton et al. (1998). New measurement scales were developed for factors under the reputation dimension. The reliability and validity of all the factors used in the study have been discussed. A multiple regression analysis was conducted where the private label attitude was the dependent variable and all factors under the two dimensions investigated in the study were the independent variables. The results of the analysis showed that value consciousness and price consciousness factors under the consumer price perception dimension have significant relationships with attitude toward private label brands. Similarly, retailer’s reputation, positive WOM, and negative WOM under the reputation dimension have significant relationships with attitude toward private label brands. Specifically, these three reputation dimension factors were found to have more influence on attitude toward private label brands among young Swedish consumers than the two factors found significant under the consumer price perception dimension. The major implication for the Swedish retailers is that they should put more emphasis on their own reputation (retailer’s reputation factor) and on positive WOM to develop favorable attitude toward private label brands among young Swedish consumers. They should also fight any negative WOM about their private label brands. In addition, the Swedish retailers should try to promote the quality aspect of their private label brands to the young Swedish consumers as value consciousness was found to be a significant determinant across the most of the demographic variables studied here.