MARKETING
7th Edition
ISBN: 9781260087710
Author: Grewal
Publisher: RENT MCG
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Question
Chapter 11.5, Problem 1PC
Summary Introduction
To determine: Ways in which brands generate value for the customer and the firm.
Introduction: Brand refers to a Company name, sign or symbol which distinguishes a product from other identical products.
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What are the ways that brands add value?
What is a brand? What are the characteristics of a goodbrand name? how do firms protect their brands?
How does effective branding contribute to building customer loyalty and trust?
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- what is the recommendations/rationale on how the organization utilize branding to identity and promote its products/ services?arrow_forwardWhat factors could cause customer commitment to our brand or firm?arrow_forwardList ten (10) of you favorite brand names. What do you like about the product and/or brand name? What do you dislike? What image does the brand have in your mind? How loyal are you toward the brand?arrow_forward
- How might a company establish a brand identity in the marketplace?arrow_forwardAssume that you are working as a brand manager in a company. Your company is going to create a new product and senior management expects from you to create new brand for this new product. “How do you “brand” the product?” and “What makes the brand strong?”. Please answer these two questions by taking challenges and opportunities for the brands nowadays into account.arrow_forwardWhat do you see as the future of branding? How will the roles of brands change? What different strategies might emerge for building, measuring, and managing brand equity in the coming years? What do you see as the biggest challenges?arrow_forward
- How does a brand name add value to a product?arrow_forwardHow brand building helps a firm ?arrow_forwardCritical Thinking Brand equity means that a brand enjoys customer loyalty, perceived quality, and brandname awareness. To what brands are you personally loyal? What is it about the product that creates brandloyalty and, thus, brand equity?arrow_forward
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