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Development and Plan
Development and Planning
| Term | Definition |
|---|---|
| Brand | A name, term, design, symbol, or any other feature that identifies one seller's good or service as distinct from those of other sellers. |
| Extension | A product line extension marketed under the same general brand as a previous item or items. |
| Brand Mark | The brand mark is that part of a brand name that cannot be spoken. It most commonly is a symbol, picture, design, distinctive lettering, color, or a combination of these. |
| Category Management | The marketing of the several brands falling under a generic product category such as coffee, dessert, and oral hygiene. |
| Descriptive Label | The use of descriptive information (e.g., size, ingredients, or use) on labels. |
| Generic Brands | A product that is named only by its generic class (e.g., drip-grind coffee, barber shop). |
| Grade Label | A system of identification that describes products by their quality, using agreed-on numbers or letters. |
| Label | The information attached to or on a product for the purpose of naming it and describing its use, its dangers, its ingredients, its manufacturer, and the like. |
| Mixed Bundling | The practice of offering for sale two or more products or services either at individual prices or for one single price. |
| National Brands | A brand that is marketed throughout a national market. |
| Package | The container used to protect, promote, transport, and/or identify a product. |
| Planograms | A visual plan showing the physical allocation of product display space within a product grouping used for standardizing merchandise presentation. |
| Price Bundling | The practice of offering two or more products or services for sale at one price. |
| Product Life Cycle | The product life cycle has four stages |
| Product Line | A group of products marketed by an organization to one general market. |
| Product Mix | The full set of products offered for sale by an organization. The product mix includes all product lines and categories. |
| Product Modification | - The altering of a current product so as to make it more appealing to the market place. |
| Product Positioning | How the innovator firm decides to compare the new item to its predecessors and creates an impression in the customers mind. |
| Trade Name | A trademark that is used to identify an organization rather than a product or product line. |
| Trade Character | People, animals, animated characters, objects, or the like that are used in advertising a brand and that come to be identified with the brand, in much the same way that a trademark is identified with a brand. |
| Trademark | A legal term meaning the same as brand, it includes the brand name and brand mark. |