The Fundamentals of Branding

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Questions and Answers

Which of the following is NOT a function of brands for consumers?

  • Minimization of purchasing risk
  • Communicating certain values
  • Delivering expectations (correct)
  • Conveying an expectation of quality

What is the main purpose of a brand audit?

  • To find an angle to differentiate a brand
  • To understand consumer behavior
  • To determine the direction of a rebrand
  • To identify areas to outperform competitors (correct)

When is a brand audit needed?

  • When undergoing a merger or acquisition
  • When considering rebranding or a brand refresh (correct)
  • When expanding into a new market
  • When shifting the target audience

What percentage of CEOs are worried about the speed of technological changes that affect their companies?

<p>38% (C)</p> Signup and view all the answers

What does the text define as a brand?

<p>A perception of a person about a product, an organization, another person or an experience (C)</p> Signup and view all the answers

Who underestimates the power of the name and its image in the B2B environment?

<p>Companies that serve the business market (B)</p> Signup and view all the answers

Which area is analyzed in the Brand Audit Framework?

<p>Consumer &amp; Users (A)</p> Signup and view all the answers

Which research methodology is NOT used in the Consumer Qualitative Explore phase?

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

What does the Company Strategy focus on?

<p>Strengths &amp; Weaknesses (A)</p> Signup and view all the answers

What does the Trends & Context area analyze?

<p>What's happening around (B)</p> Signup and view all the answers

Which area is NOT analyzed in the Brand Audit Framework?

<p>Market &amp; Competitors (B)</p> Signup and view all the answers

What is the purpose of the Consumer Qualitative Explore phase?

<p>To understand consumers in-depth (A)</p> Signup and view all the answers

What is the main focus of the Company Strategy?

<p>Addressing strategy and objectives (A)</p> Signup and view all the answers

What does the Trends & Context area analyze?

<p>Overall market trends (A)</p> Signup and view all the answers

What does the text refer to as a Brand Audit Framework?

<p>A systematic evaluation of a brand's strengths and weaknesses (A)</p> Signup and view all the answers

What is the purpose of Telefónica's brand architecture?

<p>To engage customers in a more aspirational sense (D)</p> Signup and view all the answers

What do Telefónica's corporate colors of blue and green indicate?

<p>A focus on trust, integrity, and efficiency (D)</p> Signup and view all the answers

How does Telefónica separate its communication efforts?

<p>By focusing on B2C, B2B, CSR, etc. (A)</p> Signup and view all the answers

What is Telefónica's differential and emotional purpose?

<p>To make the world more human and connect people's lives (D)</p> Signup and view all the answers

What is the main focus of a brand audit?

<p>To assess the company's reputation and positioning (B)</p> Signup and view all the answers

What does Telefónica's brand audit framework analyze?

<p>Trends and context (B)</p> Signup and view all the answers

What does Telefónica's brand identity center around?

<p>Networks and connection (A)</p> Signup and view all the answers

What is the purpose of the Consumer Qualitative Explore phase?

<p>To understand consumers' perceptions and attitudes towards the brand (A)</p> Signup and view all the answers

What is the main purpose of a brand audit?

<p>To assess the company's reputation and positioning (D)</p> Signup and view all the answers

What does Telefónica's company strategy focus on?

<p>Company strategy (C)</p> Signup and view all the answers

What is the aim of the company?

<p>To humanize the industry (A)</p> Signup and view all the answers

What does the company strive for in terms of improvement?

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

What does the company's open and inclusive attitude signify?

<p>An evolution in the industry landscape (B)</p> Signup and view all the answers

What is the basis of the company's roadmap?

<p>The client and their future needs (B)</p> Signup and view all the answers

What does the company's personality aim to do?

<p>All of the above (D)</p> Signup and view all the answers

Which word best describes the company's approach to competition?

<p>Humanizing (C)</p> Signup and view all the answers

What does the company's open and inclusive attitude signify?

<p>A breaking-down of barriers (A)</p> Signup and view all the answers

What is the company's unique value proposition in the market and to regulators?

<p>Open and inclusive attitude (D)</p> Signup and view all the answers

What does the company's constant improvement strive for?

<p>Perfection in everything (A)</p> Signup and view all the answers

What is the purpose of the company's positioning?

<p>To support what they are (A)</p> Signup and view all the answers

Which of the following is NOT a criteria for brand segmentation at the macro level?

<p>Brand reputation (D)</p> Signup and view all the answers

What is the main purpose of portfolio segmentation in brand management?

<p>To minimize overlapping between different brands (A)</p> Signup and view all the answers

What does the BCG Matrix help determine in brand management?

<p>The potential growth of brands (A)</p> Signup and view all the answers

Which of the following is NOT a factor considered in brand architecture?

<p>The location of brands within the business portfolio (A)</p> Signup and view all the answers

What is the purpose of brand architecture?

<p>To create a hierarchy of brands within the business portfolio (A)</p> Signup and view all the answers

Which of the following is NOT a possible brand architecture model?

<p>Independent descriptor (A)</p> Signup and view all the answers

Which of the following is NOT a factor considered in the brand prioritization model?

<p>Market share (C)</p> Signup and view all the answers

What is the purpose of introducing weighting in the brand evaluation process?

<p>To prioritize certain factors over others (C)</p> Signup and view all the answers

According to the text, what is the main focus of brand prioritization?

<p>Prioritizing brands (B)</p> Signup and view all the answers

What is the purpose of the brand prioritization model?

<p>To prioritize brands (C)</p> Signup and view all the answers

Which of the following is NOT a criteria for brand assessment in the brand prioritization model?

<p>Brand reputation (C)</p> Signup and view all the answers

What is the purpose of introducing weighting in the brand evaluation process?

<p>To assign different levels of importance to each brand assessment criteria (A)</p> Signup and view all the answers

What is the main purpose of brand architecture?

<p>To establish a strong brand identity (D)</p> Signup and view all the answers

What does the Trends & Context area analyze?

<p>Consumer behavior and market trends (B)</p> Signup and view all the answers

What is the main focus of a brand audit?

<p>To analyze the overall health and performance of a brand (B)</p> Signup and view all the answers

Which brand archetype is associated with rebellion and non-conformity?

<p>The Outlaw (B)</p> Signup and view all the answers

Which brand archetype is often associated with love, passion, and sensuality?

<p>The Lover (A)</p> Signup and view all the answers

Which brand archetype represents the everyday person and is relatable to the masses?

<p>The Regular Guy / Girl (C)</p> Signup and view all the answers

Which brand archetype is associated with wisdom, knowledge, and expertise?

<p>The Sage (C)</p> Signup and view all the answers

Which brand archetype is associated with power, control, and authority?

<p>The Ruler (A)</p> Signup and view all the answers

Which brand archetype is associated with rebellion and non-conformity?

<p>The Outlaw (D)</p> Signup and view all the answers

What is the main purpose of brand architecture?

<p>To create consistency across brand touchpoints (A)</p> Signup and view all the answers

What brand archetype is often associated with love, passion, and sensuality?

<p>The Lover (B)</p> Signup and view all the answers

What brand archetype represents the everyday person and is relatable to the masses?

<p>The Regular Guy/Girl (B)</p> Signup and view all the answers

What brand archetype is associated with wisdom, knowledge, and expertise?

<p>The Sage (B)</p> Signup and view all the answers

Which city in India does IKEA operate its big-format furniture and home stores?

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

Which country did IKEA open two small-format city centres in?

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

What is the main purpose of IKEA's strategy in India?

<p>To adapt to customer needs (C)</p> Signup and view all the answers

What is one of the challenges of IKEA's strategy in India?

<p>Distribution and logistics (A)</p> Signup and view all the answers

How many distribution points does IKEA have across Spain?

<p>Nearly 100 (C)</p> Signup and view all the answers

What is the main purpose of IKEA's strategy in Spain?

<p>To explore and try different concepts (C)</p> Signup and view all the answers

What is one of the differences between IKEA's strategy in Spain and India?

<p>Online services availability (B)</p> Signup and view all the answers

What is the main focus of IKEA's strategy in Spain?

<p>Premiumization (D)</p> Signup and view all the answers

How many small-format city centres did IKEA open in Mumbai?

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

What is the main purpose of the 3-step strategy in India?

<p>To experiment with new formats (B)</p> Signup and view all the answers

Which of the following is true about Opera Philadelphia's Fall festival?

<p>It runs for over 12 days (B)</p> Signup and view all the answers

What is the target age group for Opera Philadelphia's VIVACE program?

<p>21 to 45 (A)</p> Signup and view all the answers

What is the purpose of Opera Philadelphia's Winter and Spring seasons?

<p>To provide innovative and progressive treatments of opera (B)</p> Signup and view all the answers

What is the rationale behind Opera Philadelphia's Fall festival?

<p>To generate repeat attendance in spring (C)</p> Signup and view all the answers

What is the age range of Opera Philadelphia patrons eligible for the VIVACE program?

<p>21 to 45 (A)</p> Signup and view all the answers

What is the main focus of Opera Philadelphia's Winter and Spring seasons?

<p>To showcase traditional opera productions (C)</p> Signup and view all the answers

What is the purpose of Opera Philadelphia's VIVACE program?

<p>To attract a younger, more ethically-diverse audience (D)</p> Signup and view all the answers

What is the target audience for Opera Philadelphia's Fall festival?

<p>Younger, more ethically-diverse audience (A)</p> Signup and view all the answers

What is the purpose of Opera Philadelphia's Fall festival?

<p>To generate repeat attendance in spring (C)</p> Signup and view all the answers

What is the purpose of Opera Philadelphia's VIVACE program?

<p>To attract a younger, more ethically-diverse audience (D)</p> Signup and view all the answers

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