Success in Indonesia Analyzed Through Price, Quality, Branding, Promotion, and Consumer Perception
DOI:
https://doi.org/10.58812/wsbm.v1i05.441Keywords:
Branding, MSMEs, Indonesia, Price, Private Label, Promotion, Consumer Perception, QualityAbstract
The present research delves into the elements that influence the performance of private label businesses in Indonesia's Micro, Small, and Medium-Sized Enterprises (MSMEs) market. Specifically, it examines the interdependent aspects of pricing strategy, brand, promotion, and consumer perception. Structural Equation Modeling (SEM), a quantitative method, was utilized to examine the association between these factors utilizing a sample of 197 MSMEs. The findings provide important information for MSMEs trying to survive in the cutthroat market environment by demonstrating a strong and positive correlation between each component and private label performance. This research provides useful suggestions for enhancing private label tactics and expanding market share in Indonesia.
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