PRACTICE SOLUTIONS GRADED A+
● Differentiation. Answer: The ways in which a product, service, or firm
is different from its competitors.
● Corporate Identity. Answer: The symbolic embodiment of a company,
product, or service, represented through images and ideals
● Perception Survey. Answer: Research focused on the perception of a
firm by clients, potential clients and/or a larger community.
● Vision Statement. Answer: An expression of what the firm aspires to
be
● Mission Statement. Answer: A statement that describes the direction in
which your firm is headed.
● Unique Value Proposition. Answer: A short statement about a firm's
area of expertise that lets prospective clients know what value they'll
gain by hiring that firm over another.
, ● Value. Answer: One of the core beliefs that serve as a guide for a
firm's decision-making; the worth of a service or product, based on
various metrics.
● SWOT Analysis. Answer: A situational analysis tool that is bsaed on
assessing the strengths, weaknesses, opportunities, and threats that your
firm faces, either as a whole or ina specific market.
● Identity Map. Answer: A tool used to explore how your firm compares
with its competitors.
● Brand Architecture. Answer: The hierarchy and relationship between a
parent brand and its sub-brands, divisions, departments, joint ventures,
partnerships, and affiliations.
● Naming Convention. Answer: Formal structure and guidelines used to
create brand names
● Proof Points. Answer: Words or phrases that give specific audience
members permission to believe a firm's assertion
● Communications Plan. Answer: A written document that describes
what you want to accomplish with your communications, ways those
objectives can be accomplished, to whom communications will be
addressed, , how you will accomplish your objectives, and how you will
measure your results.