With recent declining sales for Mountain Man Beer Company (MMBC)‚ Chris Prangel is considering launching Mountain Man Light as a brand extension aligned with changes in beer drinkers’ preferences. He is seeking to maximize market coverage while minimizing brand overlap‚ and at the same time avoiding any brand equity damage‚ as MMBC’s core consumer segment is significantly different from the new targeted segment. Chris expects to negate declining sales of Mountain Man Lager and capture market share
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MKT 423 Brand Management Sec 01 Term Paper On “Branding of Actimel in Bangladesh” Prepared By Mohammad Asif Chowdhury Maisha Zaman Masnun Ridwan Khan Mohsin Uddin Taksin Faraiba Farnan Tabinda Tanushree EXECUTIVE SUMMARY This report is based on the international brand‚ Actimel‚ one of the most prominent brands of Danone‚ originally a French company. Danone has many other outstanding brands worldwide which include Aqua‚ Volvic‚ Evian‚ and Badoit‚ Yili‚ Aqua‚ Sehat‚ Robust‚ Bonafont
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Branding Brand: name‚ term‚ design‚ symbol‚ or any other feature that identifies one seller’s good or service as distinct from those of other sellers Legal name of a brand is a trade mark May identify one item‚ a family of items‚ or all items of that seller Powerful they have value and status Brand Equity: the dollar amount attributed to the value of the brand‚ based on all the intangible qualities that create that value People may be willing to pay more for the brand Brand strength can be
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Celebrity Endorsement 1. Introduction In the past two or three decades celebrity advertising/endorsement has become common practice amongst brands that wish to create and maintain attention‚ as well as increase product or brand recall rates (Erdogan‚ 1999). However‚ the juxtaposition of brands and organisations with admirable figures that possess qualities such as likeability‚ attractiveness‚ trustworthiness and credibility is not a new phenomenon (Erdogan‚ 1999). It is believed that an eighteenth
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drinkers to the brand. However‚ he encounters resistance from senior managers. Mountain Man Lager ’s brand equity is a key asset for Mountain Man Brewing Company. The question is whether Mountain Man Light will enhance it‚ detract from it‚ or irreversibly damage it. Learning Objective: To explore brand equity: its creation and using brands as platforms for growth; the risks and benefits of a product line extension (including congruent vs. incongruent extensions) using an existing brand name; and the
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Introduction: Brand equity is a conceiving premium value for the brand through marketing strategies by providing a product to consumers. Moreover‚ Brand equity is considered as defensive and offensive types which should be: memorable‚ likable‚ recognizable‚ and transferable. In addition to‚ Brand equity measurement system is a set of processes to deliver accurate information about the brand in order to make tactical decisions on short run and strategic decisions on the long run through: brand audit‚ tracing
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Running Head: Red Bull Red Bull: Building Brand Equity in New Ways! Three Questions on Pearson Case Study 4. George Ray Redmond Review 1. Describe Red Bull’s Sources of Brand Equity. Do they change depending on market or country? According to Keller (2008‚ p 53)‚ brand equity is the strong‚ favorable and unique brand associations in the memory of customers. He goes on to define (p 54) two sources of brand equity: 1.) Brand Awareness; and 2.) Brand Image. Red Bull has well defined tactics
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the present study considers private labels in traditional categories as a tool to develop effective relationships. The main contribution of the study is the use of the relationship approach to explain private label loyalty and the success of store brand extension strategies. Drawing upon a sample of 434 individual and using EQS software‚ this study shows that customer experience‚ satisfaction‚ trust‚ and commitment to private labels play an important role in customer loyalty toward private labels
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How successful do you feel CNS has been in trying to put their product in each of the markets it has entered? How does this success relate to brand equity? CNS has been very successful in putting their product in to various markets around the globe. Using outlets such as TV and print ads has helped convey the message that they are advertising. The use of athletes in popular sports in different regions of the world gives a perception to the public that the product works for a professional athlete
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Introduction : Have you ever stopped sometime to think about what is the importance of brand equity? why it is important to achieve in any country by the right way ?what is the relation between brand equity and the marketplace? Yet‚ brand equity is not implemented well in Egypt .Thus‚ managing the brand equity well equal flourishing the economy and increasing the buying powers. Literature Review: Brand equity is a wide topic that had been studied by many various marketers and researchers in the
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