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Branding and Positioning - 3.03 Flashcards | StudBud
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Branding and Positioning - 3.03
Branding and Positioning - 3.03
15 terms
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product mix, branding
Flashcards
15 cards
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Questions
15
Answers
1
Whenever possible, an effective brand name should always be
related to other brands
unrelated to product features
multiple syllables and flashy
short and memorable
2
Making an improvement to an established product is called:
expansion
contraction
alteration
product line
3
The actions a business takes with a brand in order to accomplish its goals are referred to as
brand positioning
market share
brand strategies
multinational marketing
4
Names, terms, symbols, or designs that identify products are called
product lines
product brands
trade names
generic terms
5
Every menu item at Panera Bread is considered part of Panera's
product item
product mix
product life cycle
product line
6
M&M introduces M&M Premiums which are higher quality and more expensive. This is an example of
trading up
trading down
contracting
excluding markets
7
Narrowing or decreasing the number of product lines carried is called:
alteration
contraction
expansion
trading up
8
Limited number of product lines carried, typically very specialized
limited
broad
small
narrow
9
The Keebler Elves, Ronald McDonald, and Mr. Peanut are examples of:
trade characters
trade names
product brands
private brands
10
A specific model, brand, or size of a product within a line
product item
product line
product depth
product image
11
Which of the following is an example of a trade name?
501 Jeans
Ford
Ford Mustang
Diet Coke
12
Which question should be asked by a firm that is trying to decide whether to brand its products
can the product be easily identified by a brand?
how much total sales revenue will the product earn?
can we sell this product without a trademark?
will company B find out we are using its brand?
13
Pharmaceuticals, packaged foods, and vitamins sold more inexpensively in plain packages
stealth brands
generic items
undersold items
private brands
14
In what stage of brand loyalty do people become aware of the brand?
recognition
preference
satisfaction
insistence
15
Can any brand name be selected and used by a business?
No, the name must be registered before use
Yes, a business can use any name it wants
No, the name must be legally available for use
Yes, brand names cannot be owned by a business