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MARK 3321 EXAM 2 STUDY UTA (8-10) QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+

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MARK 3321 EXAM 2 STUDY UTA (8-10) QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+

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MARK 3321 EXAM 2 STUDY UTA (8-10) QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+
Brand Ans✓✓✓Name, term, symbol, design, or combo (ID seller
production)


Brand name Ans✓✓✓Part of brand spoken (Letter, words, #s)


Brand mark Ans✓✓✓Cannot be spoken


Brand equity Ans✓✓✓Value of comp or brand name


Global brand Ans✓✓✓Obtains 1/3 earnings from outside home country,
recognizable outside home base; marketing and financial data publicly
available


Brand loyalty Ans✓✓✓Consistent preference for 1 brand


Manufacturer's brand Ans✓✓✓Brand name of manuf


Private brand Ans✓✓✓Owned by wholesaler or a retailer


Captive brand Ans✓✓✓Manuf by 3rd party for exclusive retailer, w/out
evidence of their affiliation

,Individual branding Ans✓✓✓Diff brand names for diff products


Family branding Ans✓✓✓Several products under same brand name


Co-branding Ans✓✓✓2 or more brand names on product or package


Trademark Ans✓✓✓Exclusive right to use brand or part of it


Service mark Ans✓✓✓Trademark for service


Generic product name Ans✓✓✓ID product by class or type (CANNOT
BE TRADEMARKED)


Persuasive labeling Ans✓✓✓Focuses on promotional them or logo;
consumer info secondary


Informational labeling Ans✓✓✓Help consumers make proper product
selections and lower cognitive dissonance after purchase


Universal product codes (UPCs) Ans✓✓✓Tracks products (bar codes
representing numbers)

, Express warranty Ans✓✓✓Written guarantee (100% cotton)


Implied Warranty Ans✓✓✓Unwritten guarantee (apply to ALL SALES
under Uniform Commercial Code)


Warranty Ans✓✓✓Confirmation of quality/perf of good or service


Global issues in branding and packaging Ans✓✓✓Choose brand name
policy
Translate label/meet requirement of host-country
Packages aesthetically compatible to cultures
Offer sizes of packaging preferred


4 functions of packaging Ans✓✓✓Contain/protect product; promote
prod; facilitate prod storage, use & convenience; facilitate recycle and
reducing environmental damage


Campbell's Product lines and Product mix Ans✓✓✓Width of product
mix (X); Depth of Product Lines (Y)


Product item Ans✓✓✓Specific version of prod (can be designated as
distinct offering among org's products)

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