measure brand loyalty is through brand recognition‚ brand preference‚ and brand insistence. Identify and briefly describe the different types of brands. Different types of brands vary and include classifications such as private‚ manufacturer’s or national‚ family‚ and individual brands. Private brands are offered by wholesalers and retailers. Captive brands are are national brands sold exclusively by a retail chain. Family brands is a single brand name that identifies several related products. An
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backgrounds lead to people having different perceptions and understandings about a product. Advertising is thus an art to communicate‚ the qualities of a product and its use to the people in their percieved language. And in doing so‚ advertising definetely will tells us a lot about a country. People tend to place a lot of significance on details like color‚ packaging style‚ special symbols‚ celebrities who model for the product‚ relgious and traditional sentiments. These factors definetly make the advertising
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Brand Personality ► Brand personality is what distinguishes one brand from another or a particular brand from a product. is easier to intuitively understand brand personality rather than define it ► It Brand personality of DABUR ► Strong heritage ► Herbal or ayurvedic benefit ► Healthy ► Nurturing ► Consumers find it easy to deal with brands that have strong personality because it is easier to remember them. ► Ex : Parle G the largest selling biscuit in the low price segment
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Brand Knowledge Structure and Brand Elements What is Brand Awareness? Recognition versus recall – Brand versus situation cues Awareness depth versus breath – Brand versus situation linkages Why is brand awareness important? A necessary condition for inclusion in the set of brands being considered for purchase – A sufficient condition for choice in low-involvement decision settings – Influences the nature and strength of association – Brand Image Brand Perceptions through Associations
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In the background to supply‚ we notice about the terms "total product"‚ "marginal product" and "average product". These three figures are the foundation upon which the analysis of short-run production for a firm is analyzed. Total product is the total quantity of output produced by a firm for a given quantity of inputs. The usual framework is to analyze total product when in a variable input (labor) changes‚ for a given amount of a fixed input (capital). Diagram 1 In diagram 1‚ as the curve shows
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Brand Ambassadors serve as the face of their client company at promotional events. They offer the company a chance to make a good impression on prospects. An effective brand ambassador is one who is interested in the product they are promoting‚ who can easily connect with the product. "During the live brand experience they become the identity of the brand‚ because they are the only human interface between the brand personality and the consumer. They are the people who have the potential to appeal
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Realities of the Real World “If you’re not prepared for the changes ahead when you enter the professional world‚ your career could derail before it ever really has a chance to get started.” “To smooth the transition‚ it helps to understand the realities of how corporate life differs from college life.” Patsy Moore-Talbott‚ Nat’l Bus Employ Wkly‚ ‘93 Quote of the Day “Work is just like college – except without the fun.” - Dilbert Things You’ll Need to be Able to Do Later in Life
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What is Brand Loyalty? The American Marketing Association defines brand loyalty as: The situation in which a consumer generally buys the same manufacturer originated product or service repeatedly over time rather than buying from multiple suppliers within the category. Brand loyalty is more than simple repurchasing‚ however. True brand loyalty exists when customers have a high relative attitude toward the brand which is then exhibited through repurchase behavior. This type of loyalty can be a
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Kapferer’s Brand-Identity Prism model Type of model: Author(s): Domain: Brand model (structure model) J.N. Kapferer Identity and image Figure 1: Six dimensions of brand identity In his so-called Brand Identity Prism‚ Jean-Noël Kapferer identifies six aspects of brand identity: (1) physique‚ (2) personality‚ (3) culture‚ (4) relationship‚ (5) reflection and (6) self-image. These six aspects are divided over two dimensions: a. The constructed source vs. the constructed receiver: a well-presented
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3. What challenges did Lenovo face after the acquisition? The rise of Lenovo is based on two factors-internal and external. Internally‚ China opens her market and allows personal business growing. Externally‚ U.S. and Japan leads the global marketing and manufacturing strategy. China has luck to plays an important role in this industrial windstorm. Nowadays‚ Chinese company could raise tremendous capital from its domestic market and invest in oversea business‚ such as Geely Automobile acquired
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