Describe a soft drink brand you are familiar with (Coca-Cola, Fanta Orange, 7Up, Mountain Dew, etc.) in terms of the six level meaning a product brand has.

Q: Select a strong brand of your choice and explain reasons?

A: A strong brand indicates how much a brand is recognizable among the masses. A brand helps in…

Q: Why customer is ready to pay extra for buying a particular brand

A: Companies usually tend to build their brand value in order to gain a strong foothold in the market.…

Q: Discuss the importance of brand, and why it is important for both customers and business firm?

A: Marketing performs all activities which is required to contribute into product awareness and…

Q: What is brand? Discuss some of the brands?

A: A brand is a title or name given to a product. It separates a product from similar other products.

Q: List the key characteristic distinguishing business products from consumer products?

A: Some different organizations and industries are active these days. Some different products and…

Q: how can the characteristics of a brand relate to a person (e.g., unique, consistent, and relevant…

A: Brand personality is a collection of individual attributes assigned to a brand name. Brand…

Q: Why is it hard to build brands? Explain in detail

A: In today's competitive market, a brand can only succeed if it can engage with consumers and clearly…

Q: Discuss how the profitability of your product will change as it moves through each of the phases of…

A: Profit is the amount of revenue left over after all expenses, debts, and other costs have been…

Q: What is the USP, brand equity and customer based brand equity of the online soft drink brand?

A: USP is the unique selling point, it makes the product of yours better from your competitor. USP…

Q: What are three of your favorite brands? Why?

A: My three favourite brands are: 1. Apple: Apple is a brand that I admire. Because I enjoy elegance…

Q: How do you find a product niche?

A: Niche Product - A niche product is a product where specific sections of a larger industry and market…

Q: Explain the 5 types of discount for business products?

A: The following are the five most popular types of discounts: Quantity discounts Functional discounts…

Q: There are three factors that add value to the brand as perceived by consumers. Conduct research on…

A: The chosen apparel brand is Reebok. Reebok understands the value of establishing great apparel and…

Q: What is Brand Equity

A: Brand equity is the influence a registered trademark or name of the brand has on the memory of…

Q: What is importance in properly positioning your brand in the market?

A: In a marketing organization, it is very important that the customers should recognize and value the…

Q: How does the customer perceive the product?

A: Customer service is a standard for customer satisfaction, which is the planning of every retailer to…

Q: Explain what is meant by a hierarchy of needs and provide examples of one or more products that…

A: Ans. Introduction Hierarchy of needs are the needs that are necessary for the complete development…

Q: Describe one product with it is elements of marketing which are design, features, brand…

A: DesignMarketing design is a subject for which graphic designers collaborate with marketing…

Q: Select 4 products in various stages of the product life cycle. Note what stage of the life cycle…

A: The product life cycle consists of the strategies that products go through in their entire life.…

Q: In what ways can a company adjust its brand portfolio? Explain each option with examples

A: Brand Portfolio can be described as the umbrella of one brand under which several smaller brands are…

Q: Discuss how a new brand manufacturer would go about defining their market segments and then begin to…

A: In the market, when a new firm enters with its brand name, it has to face various difficulties to…

Q: summary of the different phases involved in Product Development and Management and highlight how…

A: New product development is the process of inducing an original product idea to the market. They may…

Q: Describe the product in terms of its levels. At what level is the product most differentiated from…

A: E-bay is an e-commerce platform which provides products for sale in auction based markets. The…

Q: How do you promote your product/service to create an impact, differentiate from competitors and…

A: The aim of product differentiation is to gain a competitive advantage or to distinguish your product…

Q: How product mix strategies can be used to make product more effective in market? Elaborate your…

A: The product Mix refers to the combination of variety of products that a seller or brand sells under…

Q: The decline stage of the product life cycle (PLC) has its own special challenges for marketers. In a…

A: : Product life cycle describes the life of product at different stages in market. There are four…

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: Give an example of the unique selling proposition for three of your favourite brands?

A: Definition: Special Selling A product's proposition, often known as its USP, is what distinguishes…

Q: Brands can play a significant role in signaling certain product characteristics to consumers.…

A: In today's marketplace, brands play a crucial role in influencing consumer behavior and purchasing…

Q: What for people buy product ?what are customers looking for? Visually show your means of improving…

A: Perceived value is the customer's assessment of the benefits of a product or service compared to its…

Q: What is c Break-Even Pricing?

A: A pricing strategy is a model that can be used by organizations to set a suitable price for products…

Q: Strength of a brand's position in the market is based on its domain, heritage values, assets,…

A: Brand positioning alludes to the conceptual spot the company needs to possess in the objective…

Q: What role does the brand name, brand slogan, brand logo and brand ambassador play in a firm’s…

A: Brand is any text, short phrase or image or set of symbols that represents the company .Brand name,…

Q: How do brands create value for the customer and the firm?

A: Brand- A commercial and advertising idea known as a "brand" aids consumers in recognizing a specific…

Product and Service Innovation

Product innovation is the introduction of either a new product or an existing product with significant improvements related to its characteristics. Improvements could be in various specifications and areas such as technical, technological, physical use, software updates, overall size and texture, and so on. For instance, consider the Apple Watch; they release different series every year with significant updates and improvements such as using cellular technology, monitoring your heart rate, acting as your fitness partner, measuring blood oxygen level, and so on. We see the addition of features in every series, and these improvements make them a different product altogether.