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Exam 2

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
brand   a product or service whose dimensions differentiate it in some way from other products or services designed to satisfy the same need.  
brand promise   marketer’s vision of what the brand must be and do for consumers  
Brand Dynamics Pyramid (5)   Presence (do I know about it?), relevance, performance, advantage (does it offer something better than others?), bonding (nothing beats it.)  
brand elements   trademarkable devices that identity and differentiate a brand (IE. Nike swoosh logo, “just do it”)  
6 main criteria for brand elements   memorable, meaningful, likeable, transferable, adaptable, protectable  
brand contact   any information-bearing experience, whether positive or negative, a customer or prospect has with the brand, product category, or market that relates to the market’s product or service  
3 themes for designing holistic marketing activities   Personalization, integration marketing (mixing and matching marketing activities to maximize individual and collective efforts), internalization (activities and processes that help to inform and inspire employees)  
branding strategy   reflects number and nature of both common and distinctive brand elements it applies to the products it sells.  
brand extension   uses an established brand to introduce a new product  
subbrand   combine a new brand with existing brand  
line extension   parent brand covers a new product within a product category it currently serves (IE. Dannon yogurt…fruit on the bottom, fruit blends, etc.)  
brand line   all products sold under a particular brand  
branded variants   specific brand lines supplied to specific retailers or distribution channels (IE. Valentino may have different designs and lines to different department stores)  
brand portfolio   set of all brand and brand lines in a particular firm offers for sale in a category or market segment  
flankers   brands positioned with respect to competitors’ brands so more important and profitable flagship brands can retain desired position  
cash cows   brands may be kept despite dwindling sales because they still manage to hold on to enough customers and maintain their profitability with virtually no marketing support.  


   


 

 

 
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Created by: lucynguyen08 on 2012-03-12




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