A) it can protect the firm from competition.
B) it no longer needs to be supported by advertising and promotion.
C) if it becomes a generic name, the brand is worth even more.
D) it cannot be successfully imitated by a retailer's own brand.
E) competitors will typically abandon a sector altogether rather than compete.
Strong brands protect the firm somewhat from competition because the brand differentiates the firm's products, making customers more loyal.
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verified
Multiple Choice
A) no brand associations.
B) unspent brand loyalty.
C) private label impact.
D) brand dilution.
E) negative brand equity.
The Enron name has negative brand equity for some people, such that some former Enron employees were viewed negatively due to their association with the brand.
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verified
Multiple Choice
A) rebranded.
B) reformulated.
C) licensed to a premium shampoo manufacturer.
D) extended as a brand.
E) co-branded.
Head & Shoulders has been rebranded (also referred to as brand repositioning) to give it a health-oriented image. Although that it may have been reformulated, it is equally likely that the rebranding consists strictly of changes in positioning and marketing communications.
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Multiple Choice
A) can monopolize store brands.
B) has greater opportunity to dictate retail pricing.
C) has greater control over marketing strategy.
D) can increase brand dilution.
E) can eliminate any local competition.
Brand ownership gives the owner greater control over marketing strategy-the ability to position the brand and to establish the marketing mix.
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verified
Multiple Choice
A) It can provide information to consumers not found on the primary packaging.
B) It is important to the retailer in terms of convenience in handling.
C) It can be an important positioning tool to convey the brand image.
D) It can allow for cost efficiencies due to larger order and shipment sizes.
E) It is of little value to the average consumer.
Secondary packaging-the wrapper or exterior carton that contains the primary package-fills many roles, including all of those listed here. It is therefore of value to the consumer.
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verified
Multiple Choice
A) perceived value
B) brand awareness
C) brand loyalty
D) generic positioning
E) brand extension
The perceived value of a good or service is the relationship between its benefits and its costs. By reducing the cost, the value will be seen to be greater.
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verified
Essay
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Multiple Choice
A) inside the secondary package
B) inside the primary package
C) on the company website
D) on the label
E) on the store shelf display
Product labels may highlight specific ingredients, vitamin content, nutrient content, and country of origin.
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True/False
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True/False
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Multiple Choice
A) manufacturers only.
B) any firm in the supply chain.
C) retailers only.
D) wholesalers and retailers only.
E) only private label generic retailers.
Any firm in the supply chain-manufacturer, retailer, distributor, and so on-can own a brand.
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Multiple Choice
A) it separates out the cost of brand extension from brand intention.
B) it allows the firm to discontinue complementary products.
C) the firm can spend less on creating brand awareness and associations.
D) it avoids the problem of brand dilution.
E) it guarantees success for a new product.
Since consumers are already familiar with the brand name, existing awareness and associations will transfer to the new product.
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verified
Multiple Choice
A) The firm decided to refocus marketing efforts elsewhere.
B) The firm must respond to evolving markets.
C) The product undermined its own brand.
D) The product being eliminated is unprofitable.
E) The firm has decided to capture new markets.
All of these are reasons firms might decide to delete a product from a product line, except the desire to capture new markets.
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verified
True/False
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verified
Multiple Choice
A) have memorized the McDonald's menu.
B) prefer yellow to other colors.
C) know what the Golden Arches brand symbol means.
D) recognize increases in product line depth.
E) are sensitive to brand repositioning.
The Golden Arches are a brand symbol for McDonald's. The company has invested in ensuring that consumers recognize the symbol and associate it with the brand.
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