Abstract:There are some local companies
that make TV and refrigerators in Bangladesh like Walton, Marcel, MyOne,
Minister, Nice etc. There are also some foreign companies that are
running business successfully in Bangladesh for many years & their brand
value is higher than local companies like LG, Samsung, Hitachi, Sony
etc. So, this research has been designed to find out “The factors that
influence customers of Bangladesh while buying the global product over
local product based on TV & Refrigerator Electronic Products”. Starting
part of the report narrates Overview of Bangladeshi and Global Companies
of TV & Refrigerator. For this study a quantitative research has been
done. Responses have been taken & analyzed by statistical software using
different tools. This study narrates that customers of Bangladesh value
foreign products in terms of quality, brand value, performance etc than
local products but customers tries to use local products. It also finds
that out most of the customers brand awareness of local companies are
very poor. They even don’t know some of the local companies’ existence
like nice company, Jamuna Company. But customers favor local companies
in terms of pricing structure and national product. This extensive
research also finds out that if local companies quality, performance,
brand value can be developed; Bangladeshi customers will favor more to
local companies in future. Based on this some recommendations are made
for local marketers in the end of this report to grab a strong market
position in Bangladesh.
Keywords:
Perception, Value, Brand, local product & Foreign product
This is an open access
article published under the terms of the Creative
Commons Attribution License, which permits unrestricted
use, distribution, and reproduction in any medium,
provided the original work is properly cited.