Podcast
Questions and Answers
What does brand awareness refer to?
What does brand awareness refer to?
- The personality and promise of a business.
- The ability to identify a brand without its name.
- The process of developing new products under an existing brand.
- The familiarity the general public has with a brand. (correct)
Which of the following best describes brand identity?
Which of the following best describes brand identity?
- A marketing technique to introduce new products.
- The visual elements of a brand including the logo.
- The promise a business makes to its customers. (correct)
- The process of maintaining a brand's image.
What is brand trust primarily concerned with?
What is brand trust primarily concerned with?
- The reliance customers have on the brand's promises. (correct)
- The overall market share of a brand.
- The popularity of a brand's advertising campaigns.
- The ability to recall a brand name when prompted.
Brand extension involves:
Brand extension involves:
How is brand recognition distinct from brand recall?
How is brand recognition distinct from brand recall?
Which of the following is NOT a feature of brand management?
Which of the following is NOT a feature of brand management?
What does personal branding primarily aim to establish?
What does personal branding primarily aim to establish?
Which brand is associated with effective brand management through its iconic logo?
Which brand is associated with effective brand management through its iconic logo?
What is the primary focus of product branding?
What is the primary focus of product branding?
Which brand is associated with a strong corporate branding philosophy that includes a recognizable mission statement?
Which brand is associated with a strong corporate branding philosophy that includes a recognizable mission statement?
What is a primary feature of online branding?
What is a primary feature of online branding?
How do companies typically utilize service branding?
How do companies typically utilize service branding?
What characterizes no-brand branding?
What characterizes no-brand branding?
What characterizes co-branding?
What characterizes co-branding?
Which of the following is an example of destination branding?
Which of the following is an example of destination branding?
Which of the following best describes the goal of corporate branding?
Which of the following best describes the goal of corporate branding?
What is the recommended frequency for updating a marketing plan?
What is the recommended frequency for updating a marketing plan?
Which company is known for exceptional customer service that has become synonymous with its brand?
Which company is known for exceptional customer service that has become synonymous with its brand?
Which company is cited as an example of no-brand branding?
Which company is cited as an example of no-brand branding?
In product branding, what role do symbols or designs play?
In product branding, what role do symbols or designs play?
What is essential in creating a marketing plan?
What is essential in creating a marketing plan?
What potential benefit does co-branding provide to businesses involved in the partnership?
What potential benefit does co-branding provide to businesses involved in the partnership?
Which aspect is NOT part of destination branding?
Which aspect is NOT part of destination branding?
Which type of branding is generally less focused on marketing fluff?
Which type of branding is generally less focused on marketing fluff?
What is the purpose of the executive summary in a marketing plan?
What is the purpose of the executive summary in a marketing plan?
Which of the following factors can impact the marketing success of a business?
Which of the following factors can impact the marketing success of a business?
What does the SWOT analysis identify within a marketing plan?
What does the SWOT analysis identify within a marketing plan?
What are SMART objectives in a marketing plan?
What are SMART objectives in a marketing plan?
What is included in the 'Current situation of the company' section of a marketing plan?
What is included in the 'Current situation of the company' section of a marketing plan?
Which of the following is NOT a component of a marketing plan?
Which of the following is NOT a component of a marketing plan?
Why is competitive analysis crucial in a marketing plan?
Why is competitive analysis crucial in a marketing plan?
Which aspect is emphasized in the marketing trends section of the plan?
Which aspect is emphasized in the marketing trends section of the plan?
What does the Product Strategy section focus on?
What does the Product Strategy section focus on?
Which of the following is included in the Budget section of the marketing plan?
Which of the following is included in the Budget section of the marketing plan?
What is the primary purpose of the Timetable section in a marketing plan?
What is the primary purpose of the Timetable section in a marketing plan?
In which section of the marketing plan would you find the company's logo and slogan plans?
In which section of the marketing plan would you find the company's logo and slogan plans?
What does the Pricing Strategy section mainly review?
What does the Pricing Strategy section mainly review?
Which element is NOT explicitly mentioned in the concluding section of the marketing plan?
Which element is NOT explicitly mentioned in the concluding section of the marketing plan?
What should be incorporated into the Budget section regarding income?
What should be incorporated into the Budget section regarding income?
Which component directly influences the overall Marketing Strategies in the plan?
Which component directly influences the overall Marketing Strategies in the plan?
Flashcards
Branding
Branding
The process of creating a recognizable name, symbol, or slogan to represent a product or business.
Brand Awareness
Brand Awareness
How familiar the public is with a specific brand.
Brand Extension
Brand Extension
Expanding a brand to new products or markets.
Brand Identity
Brand Identity
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Brand Management
Brand Management
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Brand Recognition
Brand Recognition
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Brand Trust
Brand Trust
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Personal Branding
Personal Branding
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Product Branding
Product Branding
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Corporate Branding
Corporate Branding
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Service Branding
Service Branding
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What is the goal of product branding?
What is the goal of product branding?
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What is a key aspect of effective corporate branding?
What is a key aspect of effective corporate branding?
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How does service branding benefit businesses?
How does service branding benefit businesses?
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What is the purpose of co-branding?
What is the purpose of co-branding?
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Online Branding
Online Branding
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No-brand Branding
No-brand Branding
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Destination branding
Destination branding
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Marketing Plan
Marketing Plan
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What is the purpose of a marketing plan?
What is the purpose of a marketing plan?
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Why is a yearly marketing plan recommended?
Why is a yearly marketing plan recommended?
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What are the key elements of a successful marketing plan?
What are the key elements of a successful marketing plan?
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Marketing Plan Purpose
Marketing Plan Purpose
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Executive Summary in Marketing Plans
Executive Summary in Marketing Plans
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Current Situation Analysis
Current Situation Analysis
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Environmental Factors in Marketing
Environmental Factors in Marketing
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Competitive Analysis in Marketing
Competitive Analysis in Marketing
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Marketing Trends Analysis
Marketing Trends Analysis
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SWOT Analysis in Marketing
SWOT Analysis in Marketing
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SMART Objectives in Marketing
SMART Objectives in Marketing
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Product Strategy
Product Strategy
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Pricing Strategy
Pricing Strategy
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Promotional Mix
Promotional Mix
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Timetable
Timetable
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Budget
Budget
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SWOT Analysis
SWOT Analysis
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Target Market
Target Market
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Study Notes
Branding and Marketing Plan
- Branding is creating a slogan, symbol (logo), and communicating a city's or product's image, benefits, and values. A distinctive name or symbol differentiates a product.
- Brand awareness is how familiar the public is with a brand (e.g., Jollibee).
- Brand extension is adding products in new industries (e.g., Ferrari cars to a theme park).
- Brand identity is a company's personality and promise to customers (e.g., SM's "We've got it all").
- Brand management involves creating and maintaining the brand, including tangible elements like packaging and color (e.g., Coca-Cola).
- Brand recognition is identifying a brand without seeing its name (e.g., through a logo, tagline, jingle).
- Brand recall is thinking of a brand without visual or auditory cues (e.g., McDonald's "Love ko 'to").
- Brand trust is how strongly customers believe in a brand (e.g., Go Hotels).
- Branding strategies for businesses help grow and reach a wider audience.
Personal Branding
- Personal branding is for individuals, establishing a brand around their character/work. (e.g., Kardashian/Jenner family).
- A product brand focuses on making a product distinct. Product branding often uses symbols and designs for easy recognition (e.g., Monster Energy drinks).
- Corporate branding helps define a company's philosophy and image to the world and employees.
Effective Corporate Brands
- Effective corporate brands show the company's mission, personality, and core values through all interactions. (e.g., Nike).
- Service branding emphasizes excellent customer service and value to customers (e.g., Chick-fil-A).
- Co-branding is a partnership between two or more companies (e.g., Frito Lay and Taco Bell).
- Online branding involves using a company website and social media to connect with customers.
No-Brand Branding
- Minimalist branding (no-brand branding) uses generic brands to focus on the product itself rather than extensive branding (e.g., Brandless).
Destination Branding
- Destination branding creates a unique identity for a tourist destination using names, taglines, symbols, and designs (e.g., "It's more fun in the Philippines").
Marketing Plan Outline
- The executive summary is a brief overview of the marketing plan.
- The current situation of the company, environmental factors, competitive analysis, and marketing trends give context.
- SWOT analysis identifies strengths, weaknesses, opportunities, and threats.
- Marketing objectives state what the company wants to achieve.
- The target market describes the ideal customer.
- Marketing strategies include product, pricing, promotion, and branding.
- A timetable outlining activities and duration.
- A budget for the marketing plan.
- Conclusion summarizes the key takeaways.
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