Business Research: Consumer Preference for Soft Drinks in Australia

This business research report investigates consumer preference for soft drinks, specifically within the context of Bickford’s Australia Pty. Ltd. The report aims to define consumer preference, identify influencing factors such as advertising, price, and consumer income, and recommend strategies for influencing consumer choices, including product packaging, marketing campaigns, and penetration pricing. The research utilizes both qualitative and quantitative methodologies, exploring literature gaps, posing research questions, and outlining a time plan. The study emphasizes the importance of understanding consumer behavior and adapting marketing strategies to meet evolving preferences in the competitive soft drink market. The report also examines the application of cardinal and ordinal utility approaches and discusses the impact of advertising, pricing, and income on consumer decisions. The overall goal is to provide insights into how Bickford’s Australia can better understand and cater to consumer preferences to enhance market performance.

Running Head: BUSINESS RESEARCH
Business Research

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BUSINESS RESEARCH
Table of Contents
Research topic.............................................................................................................................................3
Introduction.................................................................................................................................................3
Project objectives....................................................................................................................................3
Project Scope...........................................................................................................................................4
Literature review.........................................................................................................................................4
To identify the meaning and concept of consumer preference: in the context of Bickford’s Australia
Pty. Ltd, Australia....................................................................................................................................4
To address the factors that influence the consumer preference: in the context of Bickford’s Australia
Pty. Ltd, Australia....................................................................................................................................6
To recommend the strategy for influencing the consumer preference: in the context of Bickford’s
Australia Pty. Ltd, Australia....................................................................................................................7
Research problem Justification................................................................................................................8
Literature gap and opportunity................................................................................................................9
Research Questions/Hypothesis...................................................................................................................9
Research methodology............................................................................................................................9
Qualitative research.................................................................................................................................9
Quantitative research.............................................................................................................................11
Research Time plan...................................................................................................................................14
Conclusion.................................................................................................................................................15
References.................................................................................................................................................16

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Research topic
A study on consumer preference for a soft drink in Australia: A CASE Of Bickford’s Australia
Pty. Ltd, Australia
Introduction
In the current business scenario, the living style of people has changed that could directly impact
on the sale of the company. Soft drinks could be common need of individuals with different
income and lifestyle. People could shift their pattern of consumption caused of income style,
taste, and interest. This report discusses the consumer’s buying behavior in the context of soft
drink. In the consumer world, soft drink is being an essential part of rural and urban people
(Font, et al., 2014). The numbers of soft drink organization increase in Australia due to the
higher demand for soft drinks. In the current study, researcher evaluates the consumer preference
for a soft drink in Australia. The study on the brand preference becomes necessary for the
organization caused of enchasing the demand of products and services. The consumers buying
decision depends on the Quality, Price, Taste, and Quantity (Meas, et al., 2014). Due to the
consumer preference, there are certain soft drink brands available in the marketplace like Sprite,
Pepsi-cola, Coca-cola, and Fanta.
Project objectives
 To identify the meaning and concept of consumer preference: in the context of Bickford’s
Australia Pty. Ltd, Australia.
 To address the factors that influence the consumer preference: in the context of
Bickford’s Australia Pty. Ltd, Australia.
 To recommend the strategy for influencing the consumer preference: in the context of
Bickford’s Australia Pty. Ltd, Australia.

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Project Scope
This research report supports to gain knowledge of readers towards consumer’s preference for
soft drinks of Bickford’s Australia Pty. Ltd, Australia. This project would be effective for the
food and beverage organization to understand the significance of consumer preference for soft
drinks. It could also be effective for Bickford’s to understand strategies for eliminating the
challenges and complete the needs of consumers in the least time and cost.
Literature review
To identify the meaning and concept of consumer preference: in the context of Bickford’s
Australia Pty. Ltd, Australia.
According to Foxall, (2014) a consumer preference defines how a consumer ranks a set of good
and services and prefers one product from different alternatives. This definition supposes that
consumers rank products and services by the extent of satisfaction, afforded as well as utility.
Consumer preference theory does not limit by the income of consumers, price of goods and
services as well as ability of the consumer to purchase the goods and services.
In support of this, Spangenberg (2017) evaluated that consumer preference shows that a
consumer can select randomly amid the products as well as services. But, the consumer should
prefer one set of products and services over others as well as treat all as equally advantageous.
Consistency is a concern while the consumer considers more than different alternatives. If a
consumer ranks soft drinks ahead of energy drinks and energy drinks ahead of hard drinks then,
the consumer must prefer soft drinks ahead of energy drinks.
In the view of Claiborne and Sirgy, (2015) consumer preference theory defines that ‘more is
better’. The form of monotonicity and preference has a different level of strength. The basic
monotonicity demonstrates that a consumer if deciding between two drinks with the same

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quantity then he will select one with the best quality. The consumer will have a good preference
for a soft drink with both quantity and quality.
According to Cohen, et al. (2014) idea of utility is the key motive of consumer preference. It also
helps to understand the behavior of the consumer. The utility is defined as the competency of the
commodity to serve human wants. It is the amount of satisfaction that a consumer gets from the
consumption of goods and services.
Theories of Consumer preference
Hammerl, et al. (2016) stated there are two kinds of consumer preference approaches that could
be used by company like Cardinal Utility Approach and Ordinal Utility Approach. Cardinal
Utility Approach is also used by Bickford’s Australia Pty. Ltd, Australia as it could support to
examine the Marginal Utility Analysis. This approach exemplifies that utility is measurable in
number. Through this theory, organization measured the unit in which utility could be
determined is ‘utils’. Thus, it is also analysed products that provide higher extent of satisfaction
to the consumer will be allocated higher utility as compared to those which provides the lower
satisfaction to consumers. Cardinal theory is a quantitative technique for measuring the utility.
In opposed to this, Granot, et al. (2014) evaluated that Ordinal Utility Approach is used by
Bickford’s Australia Pty. Ltd, Australia to examine the preference of consumers. Through this,
organization will be capable to examine indifference curve analysis. It is also stated that
Bickford’s Australia Pty. Ltd, could use this theory where it determines consumption of goods,
which cannot be measured in numbers. Hence, organization is used the rank system to to define
the diverse levels of utility. Thus, it is analysed that goods that offer a higher extent of
satisfaction should be allocated higher ranks as compared to those which give the consumer
lower satisfaction. The ordinal theory is a qualitative technique of utility measurement.

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To address the factors that influence the consumer preference: in the context of Bickford’s
Australia Pty. Ltd, Australia.
Vanhonacker and Verbeke, (2014) argued that there are many factors that affect the consumer
preference of Bickford’s Australia Pty. Ltd, Australia like advertising, cost, and consumer
income. The consumer preference demonstrates the cause of selecting any particular goods and
services. In this, the Bickford’s Australia Pty. Ltd could determine those factors and components
that would affect the consumer preferences for enchasing the demand of products and services. It
is also stated that the advertising is the best way to evaluate the consumer preference of
Bickford’s Australia Pty. Ltd, Australia for the non-durable and durable goods. Advertising
could demonstrate the availability of products and services and also shapes their impression the
consumer’s mind. In addition, it is also stated that if the advertisement of organization could
make a negative image in the consumer’s mind then it could negative image in the organizational
image.
In support of this, Plassmann et al. (2015) stated that the price of the product could also influence
the consumer preference of Bickford’s Australia Pty. Ltd. Hence, it can be said that organization
could prefer those product and services that have a lower price. It is also illustrated that
enhancement in the product price could negatively impact on the productivity of Bickford’s
Australia Pty. Ltd caused by a reduction in the products and services growth. Apart from this, it
is also examined that consumer income could also influence consumer preference. If the income
level of the consumer is low then they prefer lowest price products rather than selection premium
product.

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To recommend the strategy for influencing the consumer preference: in the context of
Bickford’s Australia Pty. Ltd, Australia.
Grasso, et al. (2014) suggested that a successful manager could give the highest priority to needs
of packaging for their targeted consumers. The manager should imply the product bundle
strategy as it would support to meet the needs of consumers in the least time. For illustration, a
premium product might develop the different image for the higher class consumers as it would
directly impact on the growth of the business. Bickford’s Australia Pty. Ltd should also consider
certain factor to influence the consumer preference like goods range, packaging, brand name,
image, and warranties. It is also stated that Bickford’s Australia Pty. Ltd should use the
marketing campaign as a plan to spread awareness about products and services. Consequently,
the organization will be capable to obtain higher sales, market share, profit, and growth.
Danso-Abbeam, et al. (2014) recommended that organization should also consider the packaging
as it would support to easily influence the customer. The manager of Bickford’s Australia Pty.
Ltd should also focus on the needs of distributors, wholesalers, and retailers for gaining the sale
of products and services and obtain a reliable outcome. The product packaging facilitates the
manufacturer to demonstrate the advantages of products and services as it would be imperative
for influencing the consumer buying behavior. It is significant to align the product packaging to
maintain the quality of the product. In addition, it can also be said that if the company use the
best packaging with poor quality then it could disappoint consumers. It would also negatively
influence the Bickford’s Australia Pty. Ltd performance for long-term. Moreover, penetration
price could also be an imperative strategy that could directly impact on the consumer purchasing
decision.

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In oppose to this, Nolan and O’Malley, (2015) stated that penetration pricing is the way by which
Bickford’s Australia Pty. Ltd could determine the price below the quality of goods and services
to attract a large number of consumers. It is not necessary that penetration prices are always
cheap but it is low as compared to the perceived value. In addition, it is also found that the
retailer of the organization should never benchmark with market players if they use the
penetration strategy for their firm. In addition, it is also found that organization should remember
if they offer a quality product to their potential and existing consumers then should always offer
higher price because if they offer a lower price to their consumers then the consumer would
never give value to the company’s products and services.
In support of this, Godey, et al. (2016) examined that Bickford’s Australia Pty. Ltd should also
utilize the sales promotion tools and techniques for promoting their product in the marketplace
and enhance the number of consumers. The sales promotion strategy could offer both monetary
and non-monetary advantages like savings desire, value expression, exploration quality,
entertainment, and convenience. Though this strategy, Bickford’s Australia Pty. Ltd will be
capable to make their unique image in the marketplace and get a reliable result (Gasparri and
Waroux, 2015).
Research problem Justification
In the current business scenario, employee uses traditional marketing as it would negative impact
on the organizational performance. Therefore, the organization has needed to gain their
understanding about digital marketing strategies for retaining their existing customers and
influence new consumers. This research is imperative for evaluating the challenges faced by the
organization with respect of consumer preference for soft drinks in Australia. It also discusses
strategies for overcoming the challenges of consumer preference.

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Literature gap and opportunity
This literature review section supports to critically analysis consumers preference for soft drinks,
Australia. The literature review section enables the researcher to examine the challenges and
strategies of consumer’s preference for the soft drinks. A researcher has selected few individuals
to conduct their research caused of limited participants are interested to do the research.
Research Questions/Hypothesis
Primary question
 What is meaning and concept of consumer preference?
Secondary question
 What are the factors that influence the consumer preference for a soft drink in Australia?
 What are the strategies for influencing the consumer preference for a soft drink in
Australia?
Research methodology
The research design is significant for obtaining the feasible instruction with regards to analysing
the ideas and evaluates the findings with regards to research concern. There is certain sort of
research design, which could be executed by an investigator for accomplishing the investigation.
It is discusses as given below:
Qualitative research
Chart 1: Qualitative research process

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(Sources: Turi, et al., 2014)
The qualitative research procedure includes four stages in the research. Initially, researcher has
discovered research concern and makes a plan accordingly. In phase second, screening the
criteria and recruitment activity is completed by the researcher. Subsequently, this process will
discuss homework and guide. The researcher has considered the focus group strategy and makes
and final report to accomplish in limited time (Turi, et al., 2014).
Approaches to reliability and Validity
In this research, the inductive approach is used by the researcher caused by subjective nature of
research concern. This approach could be supportive to get the non-numeric information in the
context of the research concern. In addition, it is also analyzed that through this approach could
be effective for improving the validity and reliability of research result.
Sampling and Sample Size
Sampling is defined as a procedure for selecting the respondents from high amount of population
size. The non-probability sampling method will be used by the research scholar to perform the
research and obtain a reliable result. But, there is need of high amount of cost as well as long

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time period for applying the non-probability sampling technique. In this technique, open-ended
questionnaire structure is used for conducting the interview. The researcher has selected 5
marketing managers of Bickford's Australia Pty Ltd, Australia because marketing managers
understood the actual situation of the consumer's preference for soft drinks (Garcia Martinez, et
al., 2014).
Data Collection Method
Primary data collection method will be implemented by the research to conduct their research
and get a reliable outcome. The primary data is collected by considering the survey through
questionnaire and interview. Hence, it can be said that this method is appropriate for getting
reliable information from the specified sample size (Ma, et al., 2016).
Variables Specifications
In the research study, two kinds of variables are considered like an independent and independent
variable. In this, the independent variable is consumer preference and the dependent variable is
the performance of Bickford's Australia Pty Ltd, Australia.
Quantitative research
Chart 2: Quantitative research process

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(Sources: Lee, et al., 2014).
Initially, the issue and purpose of the research will be determined by the research. It will support
to create research hypothesis and develops the literature review by considering the research
objectives. The research instrument is used by the researcher to select the sample size and
conducting their research. The legal ethical norms will also be considered by a researcher in their
research design. Subsequently, the researcher has practiced many data collection methods to
conduct their research and obtain a valid outcome in the context of the research matter (Lee, et
al., 2014). The budget will also be estimated by the researcher to complete the aim and
objectives of research and get a reliable result.
Research Instrument
The secondary Data collection method will be used by the research scholar to obtain the
theoretical data in the context of the current research matter. There are many sources that are
considered by the researcher to conduct their researchers like offline and online websites,