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Questions and Answers
What is branding?
What is branding?
Branding is the process of creating a slogan and designing a symbol to communicate to potential visitors the image of a city along with the features, benefits, and values that it has to offer.
What are the two main aspects of branding?
What are the two main aspects of branding?
The two main aspects of branding are creating a slogan and designing a symbol.
What does brand awareness refer to?
What does brand awareness refer to?
What is brand extension?
What is brand extension?
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What is brand identity?
What is brand identity?
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What is brand management?
What is brand management?
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What is brand recognition?
What is brand recognition?
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What is brand trust?
What is brand trust?
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What is personal branding?
What is personal branding?
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What is product branding?
What is product branding?
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What is corporate branding?
What is corporate branding?
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What is an example of a company that uses service branding?
What is an example of a company that uses service branding?
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What is an example of co-branding?
What is an example of co-branding?
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What is no-brand branding?
What is no-brand branding?
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What is an example of no-brand branding?
What is an example of no-brand branding?
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What is destination branding?
What is destination branding?
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What is an example of destination branding?
What is an example of destination branding?
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What is a marketing plan?
What is a marketing plan?
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Yearly marketing plans are recommended.
Yearly marketing plans are recommended.
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What are the three key elements of a successful marketing plan?
What are the three key elements of a successful marketing plan?
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What is the goal of an executive summary?
What is the goal of an executive summary?
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What are the sections included in the introduction of a marketing plan?
What are the sections included in the introduction of a marketing plan?
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What does SWOT analysis stand for?
What does SWOT analysis stand for?
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What are objectives in a marketing plan?
What are objectives in a marketing plan?
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What does SMART stand for in relation to marketing objectives?
What does SMART stand for in relation to marketing objectives?
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What is the target market?
What is the target market?
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What are the key components of marketing strategies?
What are the key components of marketing strategies?
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What are the main promotional tools covered in the marketing plan?
What are the main promotional tools covered in the marketing plan?
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What is the purpose of the timetable in a marketing plan?
What is the purpose of the timetable in a marketing plan?
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What is the purpose of the budget in a marketing plan?
What is the purpose of the budget in a marketing plan?
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Study Notes
Branding and Marketing Plan
- Branding is creating a message, symbol (logo), and features/benefits to communicate a company's image.
- It differentiates products from competitors.
- Key terms include: brand awareness (public familiarity with a brand), brand extension (expanding a brand to new products/markets), brand identity (brand personality and promises), brand management (creating/maintaining the brand), brand recognition (identifying a brand without the name), and brand trust (consumer confidence in the brand).
- Examples include Jollibee (fast food), Ferrari (luxury cars), and SM ("We've got it all").
- Brand recognition is related to brand recall, where a consumer recognizes a brand without visual cues.
- Brand trust involves consumers' confidence in a brand.
- Example: McDonald's "Love ko 'to" slogan.
Branding Strategies
- Personal branding: a person's character, personality, or work presented as a brand (e.g., Kardashian/Jenner family).
- Product branding: making a product distinct and recognizable through symbols/designs (e.g., Monster Energy drinks).
- Corporate branding: a business's core values and philosophy presented to the world and employees (e.g., Nike).
Effective Corporate Branding
- Displays company mission, personality, and core values.
- Uses multiple touchpoints (e.g., platforms, products)
- Demonstrates service excellence to customers.
- Examples: Nike, Chick-fil-A (customer service)
Co-branding
- A marketing partnership between two or more companies.
- Creates positive impacts on each other.
- Example: Doritos Locos Taco (Frito Lay and Taco Bell).
Online Branding
- Using the internet to position a business in the marketplace.
- Includes websites, social media (e.g., Starbucks on Instagram).
No-Brand Branding
- Also called minimalist branding.
- Focuses on letting products speak for themselves.
- Example: Brandless.
Destination Branding
- Establishing a unique identity for a tourist destination.
- Examples include slogans like "It's more fun in the Philippines."
Marketing Plan Outline
- Executive Summary: Brief overview of the plan.
- Introduction: Current company situation, external/environmental factors, competitive analysis, and marketing trends.
- SWOT Analysis: Strengths, weaknesses, opportunities, and threats.
- Objectives: Clear goals.
- Target Market: Customer demographics and psychographics.
- Marketing Strategies: Product strategy (new products/services), pricing strategy, promotional mix, and branding.
- Timetable: Specific activities, roll-out times, and durations.
- Budget: Marketing expenses and annual projected income.
- Conclusion: Summary of the plan's key points.
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Description
Test your knowledge of branding concepts and strategies with this quiz. Explore key terms such as brand awareness, brand identity, and brand trust, along with examples from popular brands. This quiz will help reinforce your understanding of how effective branding shapes consumer perceptions.