Chapter 11: Dealing with Competition GENERAL CONCEPT QUESTIONS Multiple Choice 1. Michael Porter has identified five forces that determine the intrinsic long-run attractiveness of a market or market segment. Which of the following would NOT be among Porter’s five forces? a. Industry competitors b. Technological partners c. Substitutes d. Buyers e. Potential entrants Answer: b Page: 328 Difficulty: Medium 2. When entry and exit barriers are
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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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In his book "A New Brand World" (New York 2002)‚ Scott Bedbury tells about his work at Nike and Starbucks and also gives his evaluation of the brand strategies of a range of other companies‚ with the predictable result: Harley Davidson "Good"‚ Microsoft "Bad". We all have our heroes. In the world of brands‚ the heroes are called things like Nike‚ Coca-Cola‚ Virgin‚ Harley Davidson‚ McDonald’s‚ Starbucks‚ Gap‚ etc. Who aren’t familiar with "Just do it" and Nike’s swoosh? Along with a range of
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(COPD) have become somewhat like household terms. No matter how light-heartedly the phrase above mentioned may be taken‚ what they connote in terms of effects is far more surreally dangerous than to be taken for granted. Thus‚ anti-smoking campaigns were born. Why condemn smoking? (The pros outweighed by the cons) Ask chain smokers‚ or even irregular smokers‚ why they smoke and what and how it feels and you might actually get tempted into trying it‚ too. And why not? They say that smoking
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following a phased purchase of AUDI AG ’s predecessor‚ Auto Union‚ from Daimler-Benz. Volkswagen relaunched the Audi brand with the 1965 introduction of the Audi F103series. The company name is based on the surname of the founder‚ August Horch. "Horch"‚ meaning "listen"‚ becomes "Audi" when translated into Latin. The four rings of the Audi logo each represent one of four car companies that banded together to create Audi ’s predecessor company‚ Auto Union. Audi ’s slogan is Vorsprung durch Technik‚ meaning
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Outline Title: Warning Obesity campaign Thesis : Can the campaign bring the positive effects? This essay will argue that the obesity warning campaign including obese children cause opposite effects‚ instead of positive effects on children as well as their parents. Body I. First of all‚ Kids are getting fatter and fatter here in America and it’s all happening at an alarming rate. II. Second‚ ABC News reported that the health organization produced these ads after surveying parents
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Brand Extensions Brand extension is a marketing strategy according to which a company marketing a product or a service launches a new offering (product or service) that is related to the one of the existing brands of the company‚ but offers different benefits and/or targets a different segment. Organizations use this strategy to increase and leverage upon their brand equity. When a firm is introducing a new product‚ it has the following 3 choices on branding: 1. Developing a new brand for the
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Brand Life Cycle The three phases through which brands pass as they are introduced‚ grow‚ and then decline. The three stages of the brand life cycle are the introductory period‚ during which the brand is developed and is introduced to the market; the growth period‚ when the brand faces competition from other products of a similar nature; and‚ finally‚ the maturity period‚ in which the brand either extends to other products or its image is constantly updated. Without careful brand management‚ the
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the major goals of marketing is reaching the brand loyalty phase to a customer. Brand loyalty would be the commitment of a consumer to continue purchasing and supporting the company/brand. Companies benefit from this because they have a constant customer who would spread the word about the company and will be willing to pay higher prices for a certain product or service. Brand Loyalty Most people if not everyone is loyal to a certain brand or service. When a company offers good customer
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Journal of Product & Brand Management Emerald Article: The relationship of consumer personality trait‚ brand personality and brand loyalty: an empirical study of toys and video games buyers Long-Yi Lin Article information: To cite this document: Long-Yi Lin‚ (2010)‚"The relationship of consumer personality trait‚ brand personality and brand loyalty: an empirical study of toys and video games buyers"‚ Journal of Product & Brand Management‚ Vol. 19 Iss: 1 pp. 4 - 17 Permanent link to this document:
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