click below
click below
Normal Size Small Size show me how
MP Unit 4 Combined
Unit 4 Product Planning & Branding Combined
| Term | Definition |
|---|---|
| brand extension strategy | adds products to an existing brand or product line. Suave Shampoos is planning to add deodorant, bath soaps, and lotions to its line, which type of branding strategy is this? |
| brand mark | also known as a logo,. A symbol, word, or design that represents a product, company or idea. Examples - the NIKE swoosh, the McDonalds' golden arches, and the Target bulls eye are all examples of this... |
| cause packaging | promoting a charity or cause on packaging for a product. Example - printed on bottles of Tide Laundry Detergent, are messages promoting helping hurricane victims in Florida. This is an example of... |
| co-branding | a combination of one or more brands for one product or service. Example - Smucker's Jam made used in Kellogg's Pop Tarts (another brand) is an example of which branding strategy? |
| introduction stage | The first stage in the product life cycle, which is the least profitable or most expensive stage of a product's life cycle |
| label | the information, tag, wrapper, seal or imprinted message that is attached to a product or its package is called |
| maturity | this stage of the product life cycle where companies spend a great deal of time and money fighting off the competition |
| mixed bundling | the practice of packaging different groups of products together in one package (cable TV, Phone service, and Internet) |
| national brand | Monster Energy drinks are an example of which type of brand |
| package | the physical container or wrapping for a product |
| private brand | Kroger or Publix brand of canned foods are an example of this type of brand. |
| product item | Jennifer goes to Sports Authority where she knows she will find NIKE Clothing, equipment, and other NIKE products. If she purchases a single pair of NIKE shoes, this represents: |
| product lines | Dick's sporting goods sells shoes from the following brands: NIKE, New Balance, Reebok, and Keds. These different brands represent: |
| product mix | Walmart offers a variety of product categories: groceries pet supplies, clothing, furniture, tools and cosmetics. These product categories represent: |
| product modification | is an alteration or change of a company's existing products |
| protecting the product | New Television sets are often contained in boxes with Styrofoam and blisterpacks, what function of packaging are these packages concerned with? |
| safe use | Tylenol is concerned with making sure young children cannot open its bottles represents this function of packaging |
| trade characters | the Keebler Elves and Tony the Tiger are both examples of... |