CONSUMER BRAND PREFERENCES TOWARDS DECORATIVE PAINTS

Abstract

In an intensely competitive market, brand is a powerful differentiator. It enables the organisation to make strategic decisions. Brand preference is also a crucial aspect of the consumers lifespan. A strong brand increases the organizations esteem and credibility among its competitors. Businesses now have much better relationships with their distributors, suppliers, rivals, and even the government. The reputation of the company among investors is enhanced by a strong brand, which represents a higher ROI and a larger market share. Companies with strong brands attract top personnel and gain the respect of industry experts.Small businesses must build their brands in order to compete globally. Small scale products usually lack appealing features since they require powerful branding. India has made progress in the past 15 years thanks to the financial reform, growth, privatisation, and globalisation processes. International commerce and economic realms are interwoven with the labour force and the countrys economy. Cutthroat productivity has been cited as the primary force dictating how business is planned, along with Indias economic advances and globalisation. This paper tries to understand the power of brand and consumer brand preferences towards decorative paints.