Dealsothon with brand management
- Brand
Management with Dealsothon By Dealsothon
- What
is a brand? Dealsothon Dealsothon brand is a name, term, sign, symbol,
design or a combination of the above to identify the goods or service of a
seller and differentiate it from the rest of the competitors
- Dealsothon
Intangible attributes- Dealsothon Tangible attributes -Dealsothon brand
comprises of
- Dealsothon
Functional benefits- Dealsothon Attributes - Dealsothon Labelling - Dealsothon
Packaging - Dealsothon Product -Dealsothon Tangibles Eg. Dealsothon
- Dealsothon
Image- Dealsothon Culture - Dealsothon Values - Dealsothon Emotional benefits
- Dealsothon Quality -Dealsothon Intangibles Eg. Dealsothon
- Dealsothon
brand mark is the part of the brand that appears in the form of symbol,
design or distinctive color or lettering. It is recognized by sight but
cannot be expressed when a person pronounces the brand name.-Dealsothon
Brand Mark
- Dealsothon
trademark is a brand that has been adopted by a seller and given legal
protection. A Trademark for service is called as ………………-Dealsothon Trade
Mark
- Dealsothon
Differentiate commodities- Dealsothon Influences customer loyalty - Dealsothon
Reduces price comparison - Dealsothon Easily recognized when displayed - Dealsothon
Helps in promotion - Dealsothon Sellers -Dealsothon Reasons for Branding
- Dealsothon
Maintaining a consistent quality of output Many firms do not brand their
products because they are unable or unwilling to assume these
responsibilities- Dealsothon Promoting the brand - Dealsothon Two
responsibilities come with brand ownership: -Dealsothon Reasons for not
Branding
- Dealsothon
Be capable of registration and legal protection. The Lanham Act, 1989- Dealsothon
Be adaptable to additions to the product line e.g. McDonald vs. Burger
King - Dealsothon Be distinctive - Dealsothon Be easy to pronounce, spell
and remember e.g.….. - Dealsothon Suggests something about the product,
particularly its benefits and use e.g…. -Dealsothon Desirable
characteristics in the name of a brand
- Should
not indicate poor meanings in other markets or languages- Distinctiveness -
Dealsothon Product category - Names easy to remember, recognise, pronounce
- Product quality - Dealsothon Product benefits -Dealsothon brand name
should indicate
- Dealsothon
It is the process in which some unscrupulous manufacturers engage in
product counterfeiting by placing a highly regarded brand on their
offering, disregarding the basic fact they do not own the rights of the
brand e.g. …pirated goods-Dealsothon Product Counterfeiting
- Dealsothon Brand
Identity Dealsothon is the marketer’s promise to give a set of features,
benefits and services consistently
- Dealsothon Brand
Building Dealsothon Involves all the activities that are necessary to
nurture a brand into a healthy cash flow stream after launch
- Dealsothon
Sales and distribution- Dealsothon Promotion - Dealsothon Advertising - Dealsothon
Packaging - Dealsothon Product development -Dealsothon What kind of
activities? Eg. Dealsothon
- Dealsothon
Brand Equity Dealsothon When a commodity becomes a brand, it is said to
have equity. Those advantages which a Brand enjoys because it is a Brand
- Dealsothon
Difference between the perceived value and the intrinsic value- Dealsothon
The premium it can command in the market -Dealsothon What is brand equity?
- Dealsothon
Consumer Based- Dealsothon Price Based - Brand Contribution Method -
Market Value Method - Replacement Cost - Historical Cost - Dealsothon Cost
Based -Dealsothon Types of Brand Equity
- Dealsothon
What happens when equity increases? Commodity Brand Power Brands Presence
+ Personality
- Dealsothon
The company can have some defense against price competition- Dealsothon
The company can have more brand extensions - Dealsothon The company can
charge a premium on their product - Dealsothon The company can have more
leverage with the trade -Dealsothon What happens when brands have high
equity?
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