Podcast
Questions and Answers
What is the basic concept in effective and competitive branding strategy?
What is the basic concept in effective and competitive branding strategy?
- Creating complex and unique brand names
- Focusing solely on the product attributes and benefits
- Offering a wide range of products under the same brand name
- Building a strong brand that easily attracts the attention of target consumers (correct)
What is the umbrella brand approach in branding strategy?
What is the umbrella brand approach in branding strategy?
- All products carry the same brand name, without differentiation for different product lines (correct)
- Products are marketed under different brand names in order to reach a wider audience
- The brand name is changed frequently to keep up with market trends
- Each product line has a unique brand name to differentiate from others
What is one of the approaches suggested for formulating a brand name?
What is one of the approaches suggested for formulating a brand name?
- Reviewing carefully the attributes, benefits, and values of the product (correct)
- Using long and descriptive phrases as brand names
- Ignoring the target consumers' preferences when selecting a brand name
- Choosing a brand name that is already popular in the market
Why is it important to limit the brand name to one or two words?
Why is it important to limit the brand name to one or two words?
What should be done before finalizing a brand name?
What should be done before finalizing a brand name?
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