Junk January 16‚ 2015 Nike’s Brand Extensions Stephen Grothe‚ Instructor Consumer Behavior Upper Iowa University Introduction Brand extension is defined as “the practice of using a well-known brand name to promote new products or services in unrelated fields” (Collins English Dictionary‚ 2015). Nike was once a startup company that only manufactured and distributed shoes after Phil Knight founded the company in 1964. Since Nike was founded in 1964‚ their brand has extended from just manufacturing
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Why do consumers purchase branded items when own brand products are a cheaper option? Economic theory suggests that as price of a product decreases‚ the demand for the product should then increase. However in terms of branded and own brand products‚ this is not necessarily the case. The demand for such products is dependent upon a number of factors and I shall be exploring these factors. A branded product is distinguished by design‚ symbol‚ name‚ term or other features. These unique features creates
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Brand Positioning of COACH Positioning Statement For consumers of middle income levels who need both self purchases and gifts‚ COACH is an affordable and accessible luxury brand of accessories that offers classic‚ modern American styling products at extremely well made quality‚ excellent value and attractive prices. COACH successfully builds market share by leveraging its unique position as an accessible luxury lifestyle brand - a luxury brand even middle class can afford and a preferred
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Introduction Brand extensions are one of the most popular strategies for many firms to leverage brand equity (Monga & John‚ 2010; Tom‚ Kelly & Ravi‚ 2012). Zara as one of the world’s most successful fast fashion brand (FFB) retailers has applied brand extension into its brand development. The purpose of this report is to examine the brand extensions strategy of Zara which include these areas: the marketing objectives of brand extension‚ the relationship between competitive advantage of Zara
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Brand overview This report was commissioned to analysis a brand‚ L’Oreal‚ which is one of the world’s largest cosmetic companies. Both of their registered office and head office set up in Paris. In 1909‚ a French chemist‚ Eugène Schueller invented a non-toxic hair dyes and sold it to hairdressers‚ in the same year he founded L’Oreal company focus on research and innovation in product of beauty. In 1933‚ the first soap free shampoo was produced. In 1960‚ hairspray was produced. In 1963‚ L’Oreal
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Subject: Brand management Article Growing importance of social media for the suits: KARACHI: The growing importance of social networking websites particularly Face book and their penetration in the country cannot be ignored by corporate managers who for the most part don’t yet have a dedicated social media team. A host of local as well as multinational companies operating in Pakistan now see social media as an important marketing tool to promote their brands. In Pakistan‚ Face book is the second
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footwear‚ attire‚ equipment and accessories‚ а lot of companies go out on a limb when it comes to business decision or management strategies with Nike Corporation. Nike is а powerful company. Nike Corporation is a well managed company in а striking industry‚ the company has a strong brand image‚ and they are effectively capturing the value shaped from their savings. Modern superior ways to make products are significant in today’s Apparel companies‚ both to be efficient and to be able to make hi-tech
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Cadbury Brand Assessment Cadbury was established nearly 200 years ago in 1824 by John Cadbury. John himself held values of social justice and equality which have been inherent to the company and are still maintained to this day. Traditionally Cadburys has always been known as a family company; many of its employees were and are located in Bourneville and neighbouring areas‚ such that it is known as ‘Cadbury-town’. However‚ the recent takeover by Kraft‚ a US food giant for $11.5 billion‚ has seen
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BMW - AN EMOTIONAL BRAND The automobile industry has grown to be a very dynamic one in the recent years. Even though the essential use of this industry has been to satisfy the customer’s need to travel from one place to another in comfort‚ the constantly changing market‚ has slowly changed customer’s needs into wants paving way for high competition in the automobile arena. This essay gives a brief analysis on BMW‚ one of the leading brands in the industry and how they effectively use marketing
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BRAND AUDIT REPORT 2012 Submitted To: Sir Goher Raza Submitted by:Sagar Paryani and Sarah khan Chandio Dated: 15-12-2012 By BBA-7 TABLE OF CONTENTS PAGE # TABLE OF CONTENTS.................................................................................................... 2 CHAPTER 1 BRAND INVENTORY 1.1 INTRODUCTION ........................................................................................................
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