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Develop & Plan
| Term | Definition |
|---|---|
| Brand | Features that identifies one seller's good |
| Extension | a product line extension marketed under the same general brand as a previous item, |
| Brand Mark | part of brand that cannot be spoken |
| Category Management | marketing of the several brands falling under a generic product category |
| Descriptive label | descriptive information on labels. |
| Generic Brands | a product that is named only by its generic class. |
| Grade Label | system of identification that describes products by their quality. |
| label | information attached to or on a product for the purpose of naming it and describing it. |
| Mixed Bundling | the practice of offering for sale two or more products or service either at individual prices or for one single price. |
| National Brands | the practice of offering for sale two or more products or services |
| Package | the container used to protect, promote, transport, and identify a product. |
| Planograms | a visual plan showing the physical allocation of a product display space within a product. |
| Price Bundling | the practice of offering two or more more products for sale at one price. |
| Product Life Cycle | has four stages: introduction, growth, maturity, decline |
| Product Line | group of products marketed by an organization to one general market, |
| Product Mix | the full set of products offered for sale. |
| Product Modification | altering of a current product so as to make it more appealing to the market place. |
| Product Positioning | How the innovator firm decides o compare the new item to its predecessors and created an impression in the customer mind. |
| Trade Name | a trademark used to identify |
| Trade Character | people, characters, animals used in advertising. |
| Trademark | a legal term meaning the same as brand. |