0
eating out of the batty
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
What is a way that companies attempt to get consumers to buy their product instead of their competitor's products?
The answer is branding, it differentiates a product from the product of its competitors and thus increase the interest of consumers in that good.
What is product branding?
Product branding is when a business differentiates a product from others, and gives it a name so that customers can identify with it and the business. Learn how to avoid branding mistakes from the article Dead on Arrival: Does Google Glass Already Have a Branding Problem? http://www.incitrio.com/blog/2013/05/15/dead-on-arrival-%E2%80%93-does-google-glass-already-have-a-branding-problem/
What is the influence of branding on price sensitivity?
The main purpose of branding products is to create relatively inelastic demand for the product
What are the components of the product mix IN marketing?
Branding Packaging Labelling
What is manufacture branding?
owned by the manufacturer and they are identified with the product
What are examples of individual and family brands?
Family branding is the branding in which all the products in the portfolio is named with a common name - eg: TATA - TAta sumo, Tata Indica, TAta Salt, Tata Docomo , TataSky etc, Individual branding is the process in which each product is named differently.like HUL products. Each product in the portfolio has been given different names.
What is an advantage of individual branding?
The advantage of individtual branding is that it allows a product to stand on its own and is not considered a part of a family line of products. This keeps it from being confused of other products of the same type.
What is the value of branding for both the buyer and seller?
Buyers derived value from product branding is found in the ease of product recognition, product traits and characteristics. Sellers find value in branding from product recognition in their consumers and the product differentiation achieved through branding. This is a quick explanation and is not meant to be all inclusive, you get the general idea though
What is a way that companies attempt to get consumers to buy their product instead of their competitor's products?
The answer is branding, it differentiates a product from the product of its competitors and thus increase the interest of consumers in that good.
What is product branding?
Product branding is when a business differentiates a product from others, and gives it a name so that customers can identify with it and the business. Learn how to avoid branding mistakes from the article Dead on Arrival: Does Google Glass Already Have a Branding Problem? http://www.incitrio.com/blog/2013/05/15/dead-on-arrival-%E2%80%93-does-google-glass-already-have-a-branding-problem/
What is the origin of branding?
Branding started as soon as someone started to sell something that differentiated themselves from others. As soon as people started to come to that vendor for that vendor's particular product, branding was applied. In more recent times, the purpose of branding was to create a lasting impression of your product in the consumer's minds to make your product stand out among its competitors.
The name of a product and a tool for marking cattle?
Branding iron is employed for branding, pressing a heated metal shape against an object or livestock with the intention of leaving an identifying mark. Buy branding iron, wood branding iron or electric branding iron from LWLeathers today. All custom branding irons are made to high precision by CNC in solid brass.
What are the examples of manufacture branding?
mercedezz benz,gucci
Is LG an example of Multi product branding or corporate?
no
What are text conventions?
slogans, branding and product naming.
Which branding approach should NOT be used if the quality of a firm's products varies from one product to another?
family branding
What is the influence of branding on price sensitivity?
The main purpose of branding products is to create relatively inelastic demand for the product
