The importance of branding and marketing can be considered as one of the major weapons that can be used by any firm to stay in the ferociously competitive markets and so the brand investment has found to be contributing in the fulfillment of the positional compensations and thus in the performance too (Curtis, 2001, 75). This study will have its comprehensive focus on the key components of the BMW brand which is among the most established brands in the car industry and is also the most significant British car brand when it comes to the volume sold thus having a sole position in terms of its iconic figures.
Research purpose
The main and the foremost purpose of this research are to do the investigation and exploration regarding the main aspects as well as the perceptions involve with the BMW in United States of America. Given that the perceptions of the consumers of this brand will be represented and shown by the brand image and brand responsiveness thus this research will be tangled with the in-depth investigations regarding the wide-ranging image of the BMW in terms of its most establishing markets of all the times.
Significance of the research
The significance of this research is to create and improvised the assertive knowledge affiliate the marketing and branding accumulation of BMW. The information that will be provided through the literature review is going to support the background of the research creating a knowledgeable content to bridge up any possible gaps in the content as well. The elements that play a major role in the brand image of BMW will also be studied and which will not only be useful in the revealing of the appeal of the brand which will solely be dependent on the key associations and the symbolic image on a demonstrative level.
Research question
The research question to which the study will progress and embark through is what are some marketing or branding strategies which BMW implies to progress through with the business proceedings involving analytical and measuring means?
Aim and objective
The main aim and objective of this research is to study the in depth statistics about the high labeling awareness and knowledge of BMW as the representative elements of this brand's image can easily be deliberate which will imitate the fun, elegance, fashion and athletic image of the brand. The main objective of this research will be to identify the importance of the maintenance of brand's image which will not only include the British origin but also the core appeal of their products. Through this research the possible challenges created through the brand ownership will also be identified
Literature review
The importance of the branding and the marketing along with the most significant components f these perceptions will be highlighted by the literature review which will not just include the image of the brand but also the associations that are involved with it. ...