Professional Documents
Culture Documents
x
Brand-Name Selection
| Suggest something about the productƞs
benefits and qualities.
| Easy to pronounce, recognize, and remember,
e.g. Tide, Nirma, etc.
| Distinctive, e.g. Kodak, Oracle.
| Translate easily into foreign languages, e.g.
Exxon.
| Capable of registration and legal protection
Jhy do Brands matter?
| Brands serves as an identification of a
product for consumers.
| Serves to reduce the risks in product
decisions.
| Form deep relationships and bond with
customers.
| Act as a symbolic devices
| Brand provide legal protection to the
company.
Brand Equity
| Jhen a commodity becomes a brand, it
is said to have equity.
| The premium a brand can command in
the market
| The difference between the perceived
value and the intrinsic value
Brand Equity
| The positive differential effect that
knowing the brand name has on
customer response to the product or
service.
| Measure: the extent to which customers
are willing to pay more for the brand.
| Tide, Heinz º Ñ Coca Cola º
5 Volvo º 4 .
| Brand valuation: Coca Cola - $7 billion
Microsoft - $65 billion IBM - $52 billion.
Brand Equity
Five levels of Customer attitude
towards brand
P
Branding Decisions
! P %!
#
"
&
$ %!
&
! " P
P ! !
!
ackaging
| Includes the activities of designing and
producing the container for a product
| ackaging is done at three levels
- primary
- secondary
- shipping
Jhy ackage Crucial as a
Marketing Tool
| Self-service
| Consumer affluence
| Company & brand image
| Opportunity for innovation
ackaging
| Consumer ackaged Goods when the
packaging is designed to protect or contain
the product during shipping
| Eco-ackaging because package designers
must address environmental issues
| Offers communication cues that provide
consumers with a basis for making a
purchase decision
Designing packaging
| ackaging concepts
| Engineering tests
| Visual tests
| Dealer tests
| Consumer tests
| Environmental considerations
Labels
| Identification
| Grade classification
| Description of product
| Manufacturer identity
| Date of mfg., batch no.
| Instructions for use
| romotion
Labeling
Regulations differ by country regarding various
products
| Health warnings on tobacco products
| It is mandatory in India to carry red color round
dot on all packaged products that contain non
vegetarian ingredients, and a green colored dot on
pure vegetarian ingredients. It is mandatory to
print MR on all packaged products.
| European Union requires labels on all food
products that include ingredients from genetically
modified crops
roduct Jarranties
| Express Jarranty is a written guarantee
that assures the buyer is getting what
they paid for or provides a remedy in
case of a product failure. Jarranties
whether expressed or implied are
legally enforceable.
| Jarranties can be used as a
competitive tool