Brand Management Test: 1. Discuss The Marketing Advantages of Strong Brands
Brand Management Test: 1. Discuss The Marketing Advantages of Strong Brands
Brand Management Test: 1. Discuss The Marketing Advantages of Strong Brands
2. What is brand resonance? Which brands do you have the most resonance with?
Brand Resonance refers to the extent to which customers feel “in sync” with the brand. Just as we feel the
vibe between ourselves and others, we also experience a vibe that resonates between ourselves and
brands. There are four categories to brand resonance:
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4. Brand managers should not take shortcuts in building a brand, which are the 4 logical steps to build a
strong brand? What are the 6 building blocks in the CBBE pyramid?
- Brand identity, brand meaning, brand responses, brand relationships
- CBBE pyramid: consumer brand resonance, consumer feeling, consumer judgment, brand
performance, brand salience, brand imagery.
5. What are the examples of main brand elements? Explain three most important criteria to choose brand
elements
- Memorability : ne
- Meaningfulness
- Likability
- Transferability
- Adaptability
- Protectability
6. Which are the 5 key brand elements that determine the success of a brand strategy?
Brand position:
Brand promise:
Brand personality:
Brand story:
Brand associations
One mantra:
7. Define positioning. Why is brand positioning map useful for brand owners?
- Positioning of a brand means emphasizing its distinctiveness based on characteristics that are relevant
to the potential/actual customers. Positioning is how a product appears in relation to other products in
the market
- Why:
o It helps you spot gaps in the marketplace
o It helps you to see if you are launching into a crowded marketplace
o It helps you to understand who your closest competitors are
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o It helps you to appreciate the most important criteria customers’ use when ‘positioning’
different brands in their mind
8. Explain how can packaging affect the perception and behavior of customers?
From the perspective of both the firm and consumers, packaging must achieve a number of objectives:
a. Identify the brand
b. Convey descriptive and persuasive information
c. Facilitate product transportation and protection
d. Assist at-home storage
e. Aid product consumption
Taste: Our sense of taste and touch is very suggestible, and what we see on a package can lead us to
taste what we think we are going to taste.
Value: Long after we have bought a product, package can still lead us to believe we bought it
because it was a good value.
Consumption:
9. The two main sources of brand equity are brand awareness and brand image. Working as a brand
manager, how can you improve both?
- New usage of opportunity (new way to use product)
- Identity increase the frequency of using the product
- Improve Awareness: Advertisement, gives sponsorship, charity, public relation sales
- Improve Brand: Reposition, rebranding,
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10. Illustrate the mental map of one of the following brand: MTV, NIKE or APPLE )p121
- Mental map (Brand Associations): when you think of this brand, what comes to your mind