Brand Management Chapter 23: Brand vs Products

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Questions and Answers

Which of the following brand elements is NOT a part of Nike's brand identity?

  • Color
  • URL
  • Slogan
  • Jingle (correct)

What is the primary function of a brand name in terms of consumer behavior?

  • Promise maker
  • Source identifier (correct)
  • Quality signal
  • Search cost reducer

Which of the following risks is a brand likely to reduce for consumers?

  • Financial risk (correct)
  • Time opportunity
  • Psychological reward
  • Social benefit

What is the term for the process of updating or modifying a brand's elements, such as Nurpur's recent rebranding?

<p>Brand refresh (B)</p> Signup and view all the answers

Which of the following brands has changed its brand elements, such as its name and logo?

<p>Dunkin Donuts (B)</p> Signup and view all the answers

What is the primary reason why brands employ multiple brand elements?

<p>To create a unique identity (D)</p> Signup and view all the answers

What is the role of a brand element such as a logo or symbol in terms of consumer behavior?

<p>Symbolic device (B)</p> Signup and view all the answers

What is the term for the assignment of responsibility to a product maker, which is a key function of a brand?

<p>Responsibility assignment (A)</p> Signup and view all the answers

Which of the following is a key benefit of a brand in terms of consumer behavior?

<p>Reduced search cost (D)</p> Signup and view all the answers

What is the primary goal of brand management, in terms of the brand's elements and assets?

<p>To manage brand elements and assets (C)</p> Signup and view all the answers

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