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BA 303 COMPREHENSIVE UPDATED QUESTIONS AND ANSWERS SURE

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BA 303 COMPREHENSIVE UPDATED QUESTIONS AND ANSWERS SURE

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BA 303 COMPREHENSIVE UPDATED QUESTIONS
AND ANSWERS SURE A+
✔✔Branding allows for - ✔✔-Identification of marketer's product
-Customer familiarization
-Quality Standardization
-Efficiencies between customers and marketers
-Launch of new products

✔✔Brand Name - ✔✔Part of the brand that can be spoken or written (numbers, letters,
words)

✔✔Brand Mark - ✔✔Part of the brand developed as a symbol or shape that is
recognized to represent the product.

-NOT legally protected

✔✔Trademark - ✔✔Symbol or shape that has been legally protected

Ex) The Penn State Logo

✔✔Brand Extension Decision - ✔✔Accepting a completely new product because it has
a reliable brand attached to it

, -Ex) Sony with computers

✔✔Purposes of Branding - ✔✔Identification of a product, familiarization, influences
quality standard, creates efficiency, helps launch new products

✔✔Brand Equity - ✔✔Value that is created through the recognition of established brand
names

✔✔Master Brand - ✔✔A brand that becomes so dominant that people think of the brand
and product as the same thing

- Ex) Search engines and Google, Kleenex and tissues

✔✔Branding Decisions (generic) - ✔✔- Generically: No brand identification

✔✔Private Brand (generic) - ✔✔Controlled by a middleman, owned by a wholesaler or
retailer

-Ex) Costco owns Kirkland

✔✔Individual (generic) - ✔✔Individual, family, or a combination

✔✔Branding Decisions (Whit Brand) - ✔✔With Brand: Manufacturers brand (whoever
produces the product)

- Individual, family, or a combination

✔✔Packaging offers: - ✔✔-Protection: perishable products

-Promotion: re-engineering packing to increase sales

-Identification: Bright colors, appealing appearance

-Information: Labels, warnings, nutritional info

-Innovation: Boxed water, PEZ dispenser, Grey Goose Bottle

-Usage: Packing determines usage

✔✔Primary Package - ✔✔Immediate wrapper or container that surrounds the product

✔✔Secondary Package - ✔✔Contains and protects the primary package

✔✔Shipping Package - ✔✔Container used for transportation and storage functions

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