1. Brand Communication The primary objective of the retailer is to maximize their store’s profit and an attempt to maximize the profits for each product category. To fulfill this objective and the shift in the power from manufacturers to retail chains have made it necessary for retailers to communicate their brand. It is quite common to regard advertising as a major factor in leveraging brand equity (Achenbaum‚ 1989; Lindsay‚ 1990). “The brand is separate from the functional product; being
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Case Study adidas The brand adidas has been selling sports apparel for 90 years and has been the official sponsor of the World Cup since 1970. It has more than 38‚000 employees throughout the world. Currently‚ one of its most outstanding products is the F-50 soccer shoe. It’s the world’s lightest‚ weighing 165g‚ and is worn by the most important players in the World Cup. A special version was made exclusively for the Argentinian player Lionel Messi‚ who was selected as the FIFA World Player
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DAVID ARKER’S MODEL FOR BRAND IDENTITY CONVERSE Core Identity Product thrust: Subsidiary of Nike deals in apparel‚ shoes and sports accessories. Retailing is done through Planet Sports which is specialty format under pantaloons India ltd. User profile: Used by kids and youths who are fashion rebels in real sense n love retro style. Attraction among students as its a pocket friendly brand. Performance: Converse has kept innovation core to its strategy‚realizing fully that the
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Benchmarking Client’s Product – White Flower Embrocation (和興白花油) 1. The Major Competitor’s Image (Zihua Embrocation 紫花油) 1.1 Launched in the market in 2010‚ Zihua Embrocation has painted an image of a new generation of Chinese herbal embrocation. It emphasizes on its mild clear fragrance that its competitors lack. This image is obviously designed to target a younger generation of customers who may not have otherwise tried this product that is affected by the existing traditional strong smell
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self-confidence. People also purchase the Nike brand because they relate it with so many of the athletes who Nike endorses. People like LeBron James‚ Tiger Woods‚ Maria Sharapova‚ and Michael Jordan. These athletes wearing the Nike sign‚ was what really got the consumers to buy brand name items. But‚ most people don’t know where the brand Nike originated from. You might be surprised to know that one of the world’s dominant shoe‚ sports equipment and clothing brands was named after the Greek goddess of
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SYNOPSIS OF PREFERENCES OF YOUNG PEOPLE TOWARDS LUXURY BRANDS PREFERENCES OF YOUNG PEOPLE TOWARDS LUXURY BRANDS Intoduction:- “Luxury is a necessity that begins where necessity ends.” Whenever you switch on the television‚ or flip through the pages of magazines‚ you are bombarded with celebrity news and reality shows that touch your inner needs to feel beautiful‚ important and recognized. Those gorgeous people in advertisements tell you that their lifestyle
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Brand management‚ one of the most interesting marketing measures‚ allows you to understand how brand equity is built and well maintained by MNCs. You will understand how to add value to your product‚ differentiate it from others and finally‚ position your offerings as the best or most appealing in the market. However‚ it will be completely hidden what you are going to do in future. So‚ let’s see what is going to be your actual job? Suppose‚ you are Mr. Jonathan and you are appointed as a Brand manager
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How might prejudice develop and how might it be reduced? • Prejudice: A judgment or opinion made without adequate knowledge; to Prejudge‚ to pass judgement or form premature opinion. We can break the word prejudice down into two parts to give clearer understanding of its meaning‚ Pre is before and judice is to make judgement‚ so it is a negative preconceived judgement on an individual or group prior to seeking full knowledge or understanding about them. Prejudice effects many aspects of today’s
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How do I develop a personal code of ethics? Developing your own personal code of ethics is one of the most important things you can do for yourself. A personal code of ethics puts into writing those ideas and philosophies that are the essence of your life and allows you to say I will do this because I believe this. A code of ethics is a document‚ which you can look to each day not only as a reminder of what you believe in but also as an encouragement to carry on with your daily walk. The
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Factors behind the brand switching in telecom industry The issue of Customer’s switching to other service providers have been the cause of intensive research from many years now and have given rise to many theories.Due to the increased competition in the telecommunication industry it has become extremely important for the companies to pay attention towards retaining of the customers.This research study particularly investigated the causes of customer switching behavior.A prolific way to gain the
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