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Product, Branding, & Packaging Decisions

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
Product   show
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Core Customer Value   show
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Actual Product   show
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Associated Services (Augmented Product)   show
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Consumer Products   show
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show Products or services toward which the customer shows a strong preference and for which he or she will expend considerable effort to search for the best suppliers.  
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show Those for which consumers will spend time comparing alternatives such as apparel, fragrances, and appliances  
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Convenience Products   show
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Unsought Products/Services   show
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Product Mix (Product Assortment)   show
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show Groups of associated items, such as those that consumers use together or think of as part of a group of similar products.  
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Breadth   show
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show The number of categories within a product line.  
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show Core customer value, actual product, and associated services.  
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show Specialty, Shopping, Convenience, and Unsought  
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Increase Depth   show
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Decrease Depth   show
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show Deleting entire product lines to address changing market conditions.  
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show Adding new product lines to capture new or evolving markets and increase sales.  
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show A company lives or dies based on brand awareness. Consumers cannot buy products that they don't know exist.  
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Value of Branding to the Customer   show
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Brand Equity   show
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show Measures how many consumers in a market are familiar with the brand and what it stands for; created through repeated exposures of the various brand elements (brand name, logo, symbol, character, packaging, or slogan) in the firm's comm to consumers.  
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show The relationship between a product's or service's benefits and its cost.  
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What are the components of Brand Equity   show
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Brand Associations   show
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show Occurs when a consumer buys the same brand's product or service repeatedly over time rather than buying from multiple suppliers within the same category.  
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show Brands owned and managed by the manufacturer.  
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show Also called private-label brands, are products developed by the retailer.  
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Private-Label Brands   show
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Two basic brand ownership strategies   show
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Naming Brands and Product Lines   show
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Family Brand   show
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show The practice of marketing two or more brands together, on the same package or promotion.  
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Individual Brands   show
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Brand Extension   show
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Line Extension   show
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show Occurs when a brand extension adversely affects consumer perceptions about the attributes the core brand is believed to hold.  
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Brand Licensing   show
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show A strategy in which marketers change a brand's focus to target new markets or realign the brand's core emphasis with changing market preferences.  
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show The packaging the consumer uses, such as the toothpaste tube, from which he or she typically seeks convenience in terms of storage, use, and consumption.  
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Secondary Package   show
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