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 (C)</p> Signup and view all the answers

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

<p>Co-branding (A)</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 (C)</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 (A)</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 (D)</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 (A)</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 (C)</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 (C)</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 (A)</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. (A)</p> Signup and view all the answers

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

<p>Nike (D)</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. (D)</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. (C)</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 (D)</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. (C)</p> Signup and view all the answers

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