Compare and contrast manufacturer brands, privatedistributor brands, and generic brands.

Q: Describe the economic basis of pricing and the means by which sellers can

A: Pricing refers to setting a price for a product or service at which it will be sold in the market…

Q: Explain in details why firms must introduce new products and how they go about it.

A: ANSWER IS AS BELOW:

Q: What are the six main classifications ofbusiness products?

A: The business represents a company that engaged in industrial, commercial, and other professional…

Q: Is the brand properly positioned?

A: Brand positioning can be referred to as a brand's place in the consumer's mind that it owns. It…

Q: Explain what a wholesaler does. How does this benefit the retailer? How does this benefit the…

A: Wholesaler is the part of the supply chain in a business who purchases in bulk from the…

Q: How does cost-based pricing differ from value-basedpricing?

A: Pricing is the method of fixing the price of a product and it involves various pricing strategies as…

Q: Explain five different dimensions of a firm branding and outline the importance of a firm branded…

A: Different dimensions of a firm's branding: 1.Individual branding:This strategy used to allow the…

Q: Explain the five types of discounts for business products.

A: It is a form of rebate providing ease to the buyers in purchase terms.

Q: What is the difference between manufacturer brands and store brands?

A: Manufacturer brands-They are designed by producers and given their own brand name. The producer is…

Q: Explain how firms manage products throughout the product life cycle.

A: The product life cycle refers to a concept which studies the different stages which a product…

Q: Which issues should be considered when selecting a brand name?

A: A good brand name should be unique and distinctive so that the target customers can easily recognize…

Q: Choose a brand of your choice and discuss its brand architecture strategy

A: Branding is the use of various brand attributes to distinguish the firm from other competitors in…

Q: What are the characteristics of an effective brand name?

A: A brand name helps companies to create recognition and customer loyalty for them. Companies spend a…

Q: Describe the major strategies for pricing new products.

A: The pricing strategy that companies entering into the new market with a new product adopt are…

Q: Why companies that manufacture private brands also produce their own manufacturer brands?

A: A manufacturer can be denoted as the person or an institution who is involved in the activity of…

Q: When making a pricing decision, what other factors should a retailer consider?

A: What is the Pricing Decision Process? Pricing decision is a decision where businesses set the price…

Q: What are the four categories of marketing activities, usually referred to as the marketing mix? In…

A: The main 4 P's of marketing are product, price, promotion, place.  Product - Goods or service Price…

Q: In each level, identify a certain kind of product, form, or brand.

A: There are four stages in the product life cycle namely introduction, growth, maturity, and decline.…

Q: Some firms do not delete products until they become financially threatening. What problems may…

A: One of the biggest reasons for the deletion of products from the market is the lack of profit. But…

Q: Describes the stages a new product goes through in the marketplace: introduction, growth, maturity,…

A: The Product Life Cycle is the span of life of a particular product which is introduced in the…

Q: Discuss the extendibility of any two brands of your choice and state why how introduction of new…

A: A brand extension can be described as a marketing strategy in which a company decided to launch its…

Q: How can you describe a direct product sale through the phone?

A: ANSWER IS AS BELOW:

Q: Explain the types of Brands.

A: Branding is said to procedure of creating identity for the business or its product in order to sell…

Q: What is the difference between manufacturer brands and store brands? Between family branding and…

A: A brand includes a name, symbol, term, and other characteristics that make a brand's product or…

Q: Define BUYER–SELLER RELATIONSHIPS?

A: Keeping focus on the relationship between buyer and seller is significant for companies. Therefore…

Q: what is brand equity? identify and explain the major elements of brand equity

A: Concept Introduction Brand equity is the worth of having a recognizable and well-recognized brand as…

Q: Explain off-price retailer.

A: Off-price stores are enterprises that have the ability to deliver high-quality things to their…

Q: Take five products/brands, write down the reasons of their failure.

A: To be successful in the market, the products and services should possess certain features. Those…

Q: Summarize the major elements of brand equity.

A: Brand equity defines the influence a brand name has on the minds of the consumers. The organizations…

Q: Explain how companies organize to manage brands and products.

A: Brand management is nothing but the marketing function that uses innovative techniques to increase…

Q: familiar products and innovative products

A: Familiar product- Mostly consumer  prefer buying products from a brand they are preferring from last…

Q: Why a firm does not want a brand name to become a generic term?

A: The brand is the name through which the firm gets a unique identity and it is used to create a…

Q: Why do products have to be deleted from a product mix?

A: Product Mix refers to the total number of product lines that a company offers to its customers. In…