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

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

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

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