Brand Extensions and Flanker Brands Quiz
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Questions and Answers

What does it mean when a company offers a series or group of products under one brand name?

  • Ingredient branding
  • Family brand (correct)
  • Co-branding
  • Flanker brand
  • In what branding strategy does the transfer of loyalty occur as long as the new product remains within the same product category?

  • Co-branding
  • Private brands
  • Flanker brand
  • Family brands (correct)
  • What type of branding involves the joint venture of two or more brands into a new product or service?

  • Ingredient branding
  • Cooperative branding (correct)
  • Co-branding
  • Complementary branding
  • What is the term for the substantial impact branding has on purchase behaviors, leading to thoughtful branding decisions by marketers?

    <p>Ingredient branding</p> Signup and view all the answers

    Which type of brand marketing involves marketing two brands together for co-consumption?

    <p>Co-branding</p> Signup and view all the answers

    Which type of brand marketing involves proprietary brands marketed by an organization and sold within the organization’s outlets?

    <p>Private brands</p> Signup and view all the answers

    Which term refers to the strategy where a company offers a series of products under one brand name?

    <p>Complementary branding</p> Signup and view all the answers

    What is the term for the co-branding of two powerful product names in the marketing of a new or existing product?

    <p>Brand alliance</p> Signup and view all the answers

    What is the marketing strategy where two or more brands are marketed together in a single marketing effort called?

    <p>Co-branding</p> Signup and view all the answers

    In which form of co-branding is one brand placed within another brand known as?

    <p>Ingredient branding</p> Signup and view all the answers

    What do we call private labels or store brands that are distributed exclusively within an organization's outlets?

    <p>Private brands</p> Signup and view all the answers

    What does brand equity refer to?

    <p>The perception that a brand name product is different and better</p> Signup and view all the answers

    What is the main difference between a brand extension and a flanker brand?

    <p>Brand extensions use the current brand name on new goods, while flanker brands introduce entirely new brands in the same product category.</p> Signup and view all the answers

    Which company successfully extended its brand name to a line of clothing?

    <p>Nike</p> Signup and view all the answers

    Why do companies create flanker brands according to the text?

    <p>To target new markets that the current brand cannot reach.</p> Signup and view all the answers

    What is one possible drawback of vending a new product under the current brand name?

    <p>It confuses customers about the company's offerings.</p> Signup and view all the answers

    Which company was not as successful in extending its brand name to small kitchen appliances?

    <p>Black &amp; Decker</p> Signup and view all the answers

    Why do companies choose to use flanker brands instead of brand extensions?

    <p>To appeal to specific target markets that the current brand cannot reach.</p> Signup and view all the answers

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