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Abstract
The primary objective of this study is to accomplish research and establish a body of knowledge that can
serve as a basis for enhanced product placement strategies/advertisements in Calamba, Laguna, which is
considered to be a place where a lot of businesses operate; and may it be a big or small enterprises. In
particular, this study aims to (1) determine the perception of Generation X, Y, and Z in Product Placement
in Calamba, Laguna in terms of Attention, Interpretation, and Recall. (2) find out the perception of
Generation X, Y, and Z in Purchase Behavior in Calamba, Laguna in terms of Attitude, Subjective Norms,
Perceived Behavioral Control, and Intention. Lastly, (3) ascertain if there is a significant effect between
Product Placement on the Purchase Behavior of Generation X, Y, and Z in Calamba, Laguna.
The research design that was used in this study is Quantitative-Descriptive Causal; this type of research
design attempts to establish a connection between the dependent and independent variables that can
answer the research problem. In this study, there were three hundred eighty-four (384) respondents from
Generation X, Y, and Z who live in Calamba, Laguna. Statistical treatment applied to the data of the overall
research study includes mean and standard deviation for determining the perception of Generation X, Y,
and Z in Product Placement and in Purchase Behavior in Calamba, Laguna, and simple linear regression
that is used to know if there is a significant effect between product placement and the purchase behavior
of Generation X, Y, and Z in Calamba, Laguna.
Findings revealed that the overall response for the Perception of Product Placement of Generation X, Y,
and Z in Calamba, Laguna are all concluded as strongly agreed. It means that Product Placement has a
strong impact on their ability to remember a product; thus, this strengthens the effectiveness of product
placement in reaching and connecting with Generation X, Y, and Z audiences. In addition, the study also
shows a positive overall response for the Perception of Purchase Behavior of Generation X, Y, and Z in
Calamba, Laguna; this means that the respondents have a positive attitude towards the product and it is
considered to be an advantage for affecting purchase behavior across the three generations.
The study shows that product placement has a significant effect and also has a positive impact on the
purchase decision of Generation X, Y, and Z. Thus, there is a significant effect between Product Placement
on the Purchase Behavior of Generation X, Y, and Z in Calamba, Laguna.
that is constantly being advanced. In fact, according to Statistica (2023), there are an estimated number of
333.34 million companies operating across the world which is a lot higher by 6.08% in the year 2021
which only has a total of 314.21 million companies. With this claim, a lot of organizations are competing
for almost the same market, their edge is how much strategic they can get to enhance and encourage
customers to buy their product. Hence, a lot of professionals in marketing have developed different forms
of advertising and different strategies of marketing they can use, one of which is most commonly known
and used these days is Product Placement.
As cited in Accion Opportunity Fund (2013), Product Placement has become an important way for brands
and products to reach their target market in an understated way. This type of marketing is used by
businesses to increase their sales, their brand awareness, and to draw customers without using common
advertisements that are often ignored by people; this is supported by Crocker (2022) by claims that almost
84% of millennials don’t trust traditional advertising.
That being said, Product Placement is relevant these days as it is considered to be a new way of marketing
a product, especially since businesses are formulating and using new ideas and strategies to come up with
a technique that will attract the customer’s attention and interest towards their brand. It is important for
them to achieve a perfect advertisement because according to Marcom (nd), a customer’s exposure to
advertisement may leads to cognition such as the memory of the product that will later on, can possibly
leads to liking the product and finally purchasing it.
This is why the researchers have decided to choose Calamba, a city in the province of Laguna, to be the
research locale. Calamba City, Laguna is known to be the birthplace of Jose P. Rizal, one of the Philippines,
a national hero. This makes the city famous across the nation which makes it a great tourist spot. Having
a lot of tourists visiting the city, and a large number of populations on the city, it caught the eye of a lot of
businessmen across the country. This makes Calamba, Laguna a home for a lot of companies, factories,
and businesses and a perfect locale for the study of determining the perceived effect of product placement
on the purchase behavior of Generations X, Y, and Z. Thus, the researchers aim to finish this study as they
believe that choosing Calamba, Laguna will give them sufficient respondents and a great significance in
the business industry.
Statement of the Problem
Product Placement is a type of marketing strategy or technique wherein a product is shown in a certain
media. However, the effect of this strategy altering the purchase behavior of the customer, particularly the
generation X, Y, and Z, is still unclear. Therefore, the main problem of this study is to determine the
perceived effect of Product Placement on the Purchase Behavior of Generations X, Y, and Z in Calamba,
Laguna. Specifically, the study aims to answer the following questions:
1. What is the perception of Generations X, Y, and Z in Product Placement in Calamba, Laguna in terms
of:
a. Attention
b. Interpretation; and
c. Recall
2. What is the perception of Generations X, Y, and Z in Purchase Behavior in Calamba, Laguna terms of:
a. Attitude
b. Subjective Norms
c. Perceived Behavioral Control; and
d. Intention
3. Is there a significant effect between Product Placement on the Purchase Behavior of Generations X, Y,
and Z in Calamba, Laguna?
Scope and Limitation
This study focuses on the perceived effect of product placement on the purchase behavior of Generations
X, Y, and Z who live in Calamba, Laguna. The researchers chose this location to conduct their study
because Calamba, Laguna, is known to be one of the cities in Laguna that has a significant number of
companies, factories, and businesses. Furthermore, this city also has the greatest number of populations
that consists of three Generations, Generation X, Y, and Z, who are more likely to be technologically
advanced and classified to be exposed in product placements making it a great place to conduct this study.
Given this, the researchers thought that the result of this study would benefit the above-mentioned
businesses because they would be aware of product placement, and how it will affect their business based
on its effectivity on the different generations in the city.
In this study, researchers are not allowed to gather information from improper respondents; instead, only
those multigenerational individuals who live in Calamba, Laguna are permitted to answer the following
questions on the survey form. The study will collect data from the population in Calamba Laguna, using
a survey questionnaire. The data collection will be conducted using a multi-level sampling technique.
METHOLOGY
Research Design
In this study, the researchers utilized Quantitative-Descriptive Causal, which attempts to establish the
connection between two different variables and provides results that can answer the research problem.
There is no changing of situations and experiments needed in this study. It was used to determineThis
study focuses on the perceived effect of product placement on the purchase behavior of Generations X, Y,
and Z who live in Calamba, Laguna. The researchers chose this location to conduct their study because
Calamba, Laguna, is known to be one of the cities in Laguna that has a significant number of companies,
factories, and businesses. Furthermore, this city also has the greatest number of populations that consists
of three Generations, Generation X, Y, and Z, who are more likely to be technologically advanced and
classified to be exposed in product placements making it a great place to conduct this study.
Given this, the researchers thought that the result of this study would benefit the above-mentioned
businesses because they would be aware of product placement, and how it will affect their business based
on its effectivity on the different generations in the city.
In this study, researchers are not allowed to gather information from improper respondents; instead, only
those multigenerational individuals who live in Calamba, Laguna are permitted to answer the following
questions on the survey form. The study will collect data from the population in Calamba Laguna, using
a survey questionnaire. The data collection will be conducted using a multi-level sampling technique.
This is the most effective research design for this study since the researchers aim to know how effective
the use of product placement in the purchase behavior of consumers is.
Respondents of the Study
According to the data gathered from the municipality of Calamba, Laguna, there are 603,644 total
population in the city as of 2023. The total number of respondents needed in the study was calculated
using Rao soft which results in a three hundred eighty-four (384) population. It was then divided into three
for three different generations to remove the bias, G-Power Analysis was used; finally, from 384, the
respondents went down to 252 respondents. The latter was once again divided into three resulting in
eighty-four (84) respondents per generation. The respondents’ profile is included as the researchers aim to
know the respondents’ age by generation which will help the researchers qualify their respondents if they
are individuals within the age range of Generation Z, Generation Y, and Generation X who are more likely
to be exposed in different media platforms.
Population and Sampling Technique
The population in this study is Generation X, Y, and Z people in Calamba, Laguna. This is the best
population to be used because it is the location where the said generations who are more likely to be
technologically advanced and classified to be exposed to product placements.
The researchers utilized the Multi-Level Sampling Technique, in which the samples are selected through
multiple stages or levels. Since the population of this study is Calamba, Laguna, the respondents in this
study were the sample representative of the entire population. Convenience sampling was used in this
study as the researchers had selected participants based on their accessibility and the respondent’s
availability. To remove the bias, the researchers used the Random Sampling method to select random data
without a specific pattern from the data collected. This gives the population an equal chance to be selected
to participate in this study. This will help the researchers identify their respondents because the technique
is more statistically reliable.
Research Instrument
The instrument used in this research is a combination of adapted and researcher-made survey
questionnaires. It is used to collect, analyze, and interpret the different views of different people from a
particular population. Survey questionnaires are the most applicable research instrument in this study
because this study aims to know the Perceived Effect of Product Placement on the Purchase Behavior of
Generations X, Y, and Z in Calamba, Laguna.
The first part of the survey questionnaire includes questions that help the researchers determine the
perceived effect of product placement on the Purchase Behavior of Generations X, Y, and Z in Calamba,
Laguna; it is adapted from Aaron Koopman’s dissertation entitled “Students’ Perceptions on the
Effectiveness of Product Placements – A Case Study of a Private Higher Education Institution in Durban”
on year 2017. This part of the survey questionnaire Likert Scale, is a rating scale that is used to measure
an individual’s attitude, opinion, or behavior (Bhandari et al., 2020). On the other hand, the second part of
the survey questionnaire is purely researcher-made questionnaire, this part also includes questions in a
Likert Scale form which will help the researchers determine the factors that affect the Purchase Behavior
of an individual that belongs to either of the three generations, whether it is generation X, Y, or Z. Hence,
both parts of the survey questionnaire used numbers 1, 2, 3, and 4 which can be interpreted as strongly
disagree, disagree, agree, and strongly agree.
Furthermore, to ensure the reliability of the survey questionnaire to answer and support this study, it has
undergone validation by three (3) different Master of Business Administration at the University of
Perpetual Help System DALTA (UPHSD) – Calamba Campus. Finally, the questionnaire was measured
and tested by Cronbach Alpha and has an overall remark of .953 which is interpreted as Excellent.
Data Collection
To get accurate data, the researchers wrote a request letter, noted by the thesis adviser and the program
chair of the College of Business Administration and Accountancy (CBAA), to the Municipality of
Calamba, with the intent to ask for the total population of the city in accordance to age. The gathered data
was then consulted by the statistician to ask for the total number of respondents needed in the study. Then,
after undergoing different tests to evaluate the reliability of the questionnaire, the researchers began their
data-gathering procedure. The researchers asked for their availability and provided the respondents with
an approval letter. After that, the information and data gathered were used to formulate a conclusion that
will help the researchers in determining the information needed in this study.
Attention is the stage where a customer becomes mindful of certain environmental factors. Product
placement in terms of attention has a composite mean of 3.27 with a standard deviation of 0.49 and is
interpreted as strongly agree.
According to the data shown above, the indicator with the highest weighted mean of 3.46 is when they are
exposed to how the product is used, they pay more attention to the product which results in strongly agree,
while the indicator with the lowest weighted mean of 3.09 is when the product placement is more intrusive,
they pay more attention to the product which was interpreted as agree.
According to Florack (2020), individuals might discover things faster and stare at them for a longer period
than they previously paid attention to. The observed effects of focused attention on decision could be the
result of a particular attitude acquired through the initial exposure and obtained during the selection
process. The influence of specific attention on interests would involve an analysis of how much time
consumers' attention depends on the items being compared in choosing, rather than only periods of equal
duration for the product appearance on the screen. This indicates that most generations in Calamba, and
Laguna pay more attention to the product when they are exposed to how the product is used and their
interest in it grows significantly. Furthermore, their attention is captivated when the product has a more
obvious impactful presence, meaning that a product’s exposure or intrusiveness is also important in
gaining attention from people.
Interpretation is the process of comprehending and making sense of the information received depending
on features of the events, oneself, and context is referred to as interpretation (Solomon, 2013). Product
placement in terms of interpretation has a composite mean of 3.30 with a standard deviation of 0.44 and
is interpreted as strongly agree. The data above shows that the indicator with the highest weighted mean
of 3.44 is when they are exposed to how the product is used, they develop positive feelings towards the
products placed in product placement which results in strongly agree, while the indicator with the lowest
weighted mean of 3.17 is when a celebrity is featured with product placement, they develop positive
feelings towards the product, and when the product placement is more intrusive, they develop positive
feelings towards the products placed in product placement which results in agree.
Following Niosi (2021), it is important to be conscious of schemata since our interpretations influence our
behavior. The third stage of perception is interpretation, in which individuals give an interpretation of their
perceptions through the use of cognitive structures referred to as schemata. Schemata are information
systems of preserved, connected data that humans utilize to comprehend new events. We all have rather
complex schemata that evolved throughout time as little units of knowledge connected to generate a larger
significant complexity of information.
Similarly, to table 3.1, most generations in Calamba, Laguna are more likely to develop positive feelings
about the product when individuals are exposed to a product’s usage. This implies that firsthand knowledge
or displays of the product’s functionality helps to develop positive feelings among individuals. In simple
terms, seeing the product from advertisements appears to be an important aspect in creating positive
perceptions.
Recall is the stage where it includes two components: a long-term memory phase and a short-term active
phase. Product placement in terms of recall has a composite mean of 3.40 with standard deviation of 0.44
as interpreted as strongly agree. According to the data shown above, the indicator with the highest
weighted mean of 3.48 is when they develop a positive attitude towards the product, they can recall product
placements better which results in strongly agree, while the indicator with the lowest weighted mean of
3.33 is when they can recall product placements that are more obvious and intrusive which results to
strongly agree.
Recall is critical in encouraging more people to remain with your brand and purchase it multiple times.
When you acquire an item as a client, once it is completed or improved, you automatically want to buy
again exactly that same brand because the overall experience it provided was good (Bhasin, 2019). This
indicates that with complete results of strongly agree in Generations X, Y, and Z in Calamba, Laguna, they
are able to recall product placements better when they are exposed to it, the use of celebrity for brand
exposure, when the product is more obvious, and if the product from product placements can be frequently
seen from the media.
Attitude is the result of all of a person’s knowledge, perspective, and opinion that he/she thinks when
considering a certain behavior (Brookes, 2023). Purchase behavior in terms of attitude has a composite
value of 3.38 with standard deviation of 0.45 and interpreted as strongly agree. The table above shows that
the indicator with the highest weighted mean of 3.46 is when purchasing a product will make them happy
which results to strongly agree, while the indicator with the lowest mean of 3.25 is when they frequently
saw a product from product placement, they might consider buying it which results to agree.
An individual's attitude can be positive or negative, based on their evaluation of a certain object or person.
Depending on their beliefs, an individual's attitude may manifest in their emotions or actions (Myers &
Twenge, 2018). This indicates that the attitude on the purchase behavior of Generations X, Y, and Z in
Calamba, Laguna effectively impact their purchase behavior with the help of effective marketing strategies,
creating products that are matched with their preferences, to building loyalty to the brand, and long-term
satisfaction among consumers.
Subjective norm is how an individual may view the ideas, opinions, and beliefs of other people towards a
specific behavior. Purchase behavior in terms of the subjective norm has a composite value of 3.30 with a
standard deviation of 0.48 and is interpreted as strongly agree. The table above shows that the indicator
with the highest weighted mean of 3.44 is when a product is already proven to have a lot of users, they
will buy the product which results to strongly agree, while the indicator with the lowest mean of 3.14 is
when their family and friends are using a product, they will buy it which results to agree.
According to V. Kokila and Dr. N. Sampathlakshmi (2020), subjective norms are alterations in behavior
caused by social reference pressure from other people. Subjective norm influences purchasing intent but
does not influence attitude. This indicates that the ideas, opinions, and beliefs of other people impact the
multigenerational purchase behavior of Calamba, Laguna. Social factors have a major impact on the
purchase behavior of Generations X, Y, and Z, meaning that the preferences and suggestions of friends,
family members, or the wider society influence how people select and purchase things. This social
influence demonstrates how interconnected things are in purchasing decisions, in which other people’s
perspectives can shape the decision-making process of an individual.
Perceived behavioral control is an individual’s awareness of the ease or the difficulty that comes with
performing a certain behavior (LaMorte, 2022). Purchase behavior in terms of perceived behavioral
control has a composite value of 3.45 with a standard deviation of 0.43 and interpreted as strongly agree.
The table above shows that the indicator with the highest weighted mean of 3.52 is when a product that
provides enough information that makes it easy for the consumer to understand its purposes and uses
influences their purchase behavior of buying it, and when they believe that a product is reliable when there
are enough reviews about it which results to strongly agree, while the indicator with the lowest mean of
3.37 is when a product can be bought in a store accessible from their location, they will buy it which
results to strongly agree.
The larger the number of assets and possibilities humans believe they possess, the fewer challenges they
expect to face, and the higher their thinking authority they have over their behavior. These resources and
possibilities may be categorized as both internal and external variables, including internal to the person in
question, such as abilities, skills, expertise, and consciousness (Peng Jung et al., 2019). This indicates that
consumer perceptions of ease or difficulty correspond to the purchasing behavior of Generations X, Y, and
Z in Calamba, Laguna demonstrating the importance the ease considerations on consumer choices. It
influences consumers’ preferences and decisions across groups. Such information may include a variety
of characteristics, such as product accessibility, purchase convenience, and more.
Intention is when the stronger the drive and intention of an individual to perform a certain behavior, the
higher the chance for them to execute its behavior (Asare, 2015). Purchase behavior in terms of intention
has a composite value of 3.40 with standard deviation of 0.41 and interpreted as strongly agree.
The table above shows that the indicator with the highest weighted mean of 3.51 is when after being aware
of a product, they plan to search for information about the product first before purchasing it which results
to strongly agree, while the indicator with the lowest mean of 3.33 is if they frequently saw a product
exposed from a product placement, they intent to buy the product which results to strongly agree.
As stated by LaMorte (2022), Intention refers to the factors that motivates and influenced a behavior. The
stronger the intention to act a behavior, the more likely the behavior will be performed. This indicates that
product placement influences the desire of purchasing a product among people of different generations.
The approach by which products are strategically positioned or displayed is more likely to influence
decision-making across all age groups. The accessibility and product placements across different situations,
such as marketing, retail establishments, and online platforms influences the purchase behavior of
Generations X, Y, and Z. In short, intentional exposure to products in specific areas or channels tends to
influence and drive purchase behavior among various ages in Calamba, Laguna.
A simple linear regression analysis was conducted to examine whether product placement (PP)
significantly predicted purchase behavior (PB) across multiple generational respondent groups. The model
explained 38.8% of the variance in purchase behavior (𝑅2 = 0.388). Product placement significantly
predicted purchase behavior, 𝐹(1,250) = 158.777, 𝑝 < .001. This indicates that product placement has
a significant effect on the purchase behavior of the generational sample.
Furthermore, the regression coefficient for product placement was statistically significant (𝐵 =
0.564, 𝑡 = 12.601, 𝑝 < .001) . This suggests that for every one unit increase in product placement
exposure, purchase behavior is predicted to increase by 56.4%. In other words, increased exposure to
product placements has a positive relationship with increased purchasing of those products across the
generations sampled.
This indicates that product placement is an effective marketing strategy as it significantly affects the
purchase behavior of Generations X, Y, and Z. It incorporates influence that can increase brand recall as
Table 1.3 indicates that Generations X, Y, and Z are able to recall product placements better when they are
exposed to it. Also, reach different audiences as product placement strategy occurs with the use of different
media platforms the way product placement easily blend into many types of media enables it to engage
with audiences of all ages in ways that typical advertising often fails to do. With the help of minimizing
the advertisement avoidance, it also influences the lifestyle objectives and leave a lasting impression on a
brand.
In accordance with Deane, M. T. (2022), according to the Bureau of Labor Statistics (BLS), around 20%
of start-ups fail within their first two years of operation, 45% within the first five years, and 65% within
the first ten years. Only 25% of newly established enterprises last 15 years or longer. With that, businesses
should determine the right comprehensive approach of marketing strategy that makes their brands stay in
business. With product placement strategy, media consumption habits are one of the challenges as
Generations X, Y, and Z consume different media platforms from their preferences. There are a lot of
media that product placement can be used, like television programs, movies, music videos, newspapers,
etc. With this, adopting multi-channel usage approaches can help in reaching a broad audience. Another
one is the attention span differences, different people have different interests so, it is important to create
concise advertisement that captures the attention of audience quickly as Table 1.1 shows that attention is
captivated when the product has a more obvious impactful presence.
According to Perwitasari et al. (2020), product appearance, product performance, the quality of the item,
brand image, ideas about the product, customer recognition, and product consistency affect to improve the
efficacy of product placement on the positioning of the brand. Furthermore, it has been discovered that
the characteristics that generate product placement, such are brand ambassador, packaging design, product
functionalities, product quality, and brand physical characteristics, influence the customer's desire to buy
items. Therefore, product placement positively impacts Generations X, Y, and Z on their purchase behavior.
CONCLUSIONS
Based on the findings of the study, the perception of Generations X, Y, and Z in product placement, the
overall response to attention, interpretation, and recall are all concluded as strongly agreed. The strategy
of using product placements effectively captures the attention of a diverse audience. It is clearly
understood by respondents from Generations X, Y, and Z and has a strong impact on their ability to recall
products. This positive alignment across attention, interpretation, and recall demonstrates the
effectiveness of product placement in reaching and connecting with Generations X, Y, and Z audience.
For the perception of Generations X, Y, and Z in purchase behavior, the overall response to attitude,
subjective norm, perceived behavioral control, and intention are all concluded as strongly agreed.
It implies that respondents have positive attitudes towards the product, perceived social support in terms
of purchasing, and they are confident in their ability to make purchase, and clear intention to do so. This
correlation indicates an advantage for affecting purchase behavior across multiple generations.
To conclude, product placement has a significant effect in shaping and indicates positive influential impact
of product placement strategies on consumer decisions within diverse groups. This influence results in
enhanced brand awareness, improved attitudes, and ultimately a higher possibility of consumers taking
positive actions, such as purchasing an advertised product. The effectiveness of the product placement
strategy appears to extend to a wide range of customer groups.
RECOMMENDATIONS
The study has shown that majority of the respondents know and are exposed to product placement. Thus,
this recommends that the business owners must consider utilizing almost all of the possible platforms in
using product placement as its marketing strategy. It is also shown that perception on product placement
of various generation in Calamba, Laguna in terms of attention has resulted to overall strongly agreed.
Therefore, it is recommended for business owners to come up with a strategic idea from which their
product will appear in product placement. This way, the product will catch much of the viewer’s attention
and will increase the possibility of the product being recalled by the people who have seen it. Thus,
accomplishing the theory of perception process.
The perceived behavioral control has been answered by the respondents as strongly agreed. With that, it
is recommended by the business owners to consider improving their distribution management. This step
will be a great way for the product to me more accessible to its target market and also, this will affect the
purchase behavior of the costumer’s as it is easy for them to look and buy.
Based on the result of the study, it is proven that Product Placement has a significant effect on the Purchase
Behavior of different generations. Therefore, it is recommended for the business owners to use this
marketing strategy to come up with a better usage of product placement to increase the reach the product.
Universities should use this study, analyze its finding to help future researchers with their research.
Universities should use this as a tool to give knowledge, understanding, and information to those who seek
for it and those who are studying the same field. It is recommended to keep a copy of this research in the
library to keep a body of knowledge that can possibly contribute to the betterment of the industry and
education.
The researchers are highly encouraged to publish this work online to elevate its reach and increase the
possible readers; thus, this study can help a lot of students who are exploring the same topic and even
teachers and professors who aims to discuss such topic to their students.
APPENDICES
Certification of SPSS Use
Certification of Anti-Plagiarism
Certification of Grammarian
ACKNOWLEDGEMENT
The researchers would like to extend their heartfelt gratitude to everyone who guided in making this study.
To everyone involved from title defense to final defense, as well as those who helped in making major
contributions to this study. This research would not have been possible without your persistent support
and hard work, which the researchers sincerely appreciate.
To our research adviser, Ms. Mikee Marbacias CTP, MBA for guiding us and providing advice during
this research. We would like to express our sincere gratitude as this research would not be possible without
their constant assistance, encouragement, as well as her advice, and knowledge about our topic. Her
assistance in our study makes the research a success.
To our research professor, Ms. Meriam Manaig MM-PM, CHRME, CHRMP, we would like to express
our gratitude for her helpful advice, guidance, and reminders about this research. We would also like to
thank her for validating our research questionnaire and for guiding us with our study. This enhances our
educational experience and helps guarantee the validity of our research.
We would also like to thank Ms. Ruishiell May T. Oasay, CTP, MSTM, CGSP, our statistician in this
research, and Ms. Pauline M. Cayaban, BSCS, MBA, and Mr. Daniel B. Ogayon, MBA who validated
our survey questionnaires for helping us provide an informative analysis, improvements and suggestions,
and guidance on this study. Their help in this study improves the quality and legitimacy of our work.
To our chairman of the panel and Program Chair of the College of Business Administration and
Accountancy, Fritz A. Perez, CPA, CEMP, MRITAX, CTT, MBA for his insightful remarks and ideas
that have greatly improved our work. Also, to our external panel, Mr. Richard Perez for his thorough and
critical evaluation and recommendations that helped us improve our manuscript.
To our Dean, Dr. Jayson M. Villapando, DBM-HM, CHMP, CHIA, another internal panel who makes
his insightful feedback and recommendations for improvements in this research. We sincerely appreciate
their help and advice during the conduction of this study. A sincere thank you is extended to our
respondents, whose valuable contributions in answering our questions have been instrumental to the
success of this study.
Above all, the researchers are deeply grateful to Almighty God for his love, wisdom, protection, and
courage throughout this study. This journey has been made possible by divine guidance, and we gratefully
accept all the blessings we have experienced while seeking knowledge and understanding.
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