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MARK 3000 EXAM 2 GRANTHAM CH 10, 11, 12, 15 QUESTIONS WITH CORRECT ANSWERS

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MARK 3000 EXAM 2 GRANTHAM CH 10, 11, 12, 15 QUESTIONS WITH CORRECT ANSWERS

Institution
MAK 3000
Course
MAK 3000

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Mkting Environment


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spot mkting -> wholesale rack -> brand rack -> retail




Focus Group Interviews


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A research technique in which a small group of persons (usually 8 to 12)
comes together for an intensive discussion about a particular topic, with the
conversation guided by a trained moderator using an unstructured method
of inquiry

,Individual Brands


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The use of individual brand names for each of a firm's products
-For example, while Kellogg's makes good use of the family branding
strategy, it also allows other products, such as Morningstar Farms, Famous
Amos cookies, Keebler cookies, and Cheez-Its, to keep individual identities
not readily seen as being under the Kellogg's umbrella.
- P&G does a good job of this. They control brands like Tide detergent and
Bounty paper towels




Retailer/Store Brands


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Also called the private-label brands, are products developed by retailers
(Kroger Brand)




Product Launch example- iPad 2


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iPad 1 was v successful so the iPad 2 was positioned as an entirely new
design to keep ppl interested




Unsought Products/Services

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Products or services consumers either do not normally think of buying or
do not know about
-ex. burial plots, fire extinguishers




Brand Awareness


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Measures how many consumers in a market are familiar with the brand and
what it stands for; created through repeated exposures of the various
brand elements (brand name, logo, symbol, character, packaging, or
slogan) in the firm's communications to consumers
-The more aware or familiar they are, the easier their decision-making
process is, which improves the chances of purchase.

Grewal, Dhruv. M: Marketing (Page 226). McGraw-Hill Higher Education.
Kindle Edition.




sustainable packaging


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Product packaging that is ecologically responsible.

Grewal, Dhruv. M: Marketing (Page 234). McGraw-Hill Higher Education.
Kindle Edition.




Extending Time in PLC

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increase frequency of use
-by same consumers
increase number of users
-expand into diff target mkt w/ same product
find new users
-ID new applications for product




Secondary Package


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The wrapper or exterior carton that contains the primary package and
provide.s the UPC label used by retail scanners; can contain additional
information that may not be available on the primary package




Introductory Price Promotions


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Short term price discounts designed to encourage trial




longer, more indirect channel for


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Institution
MAK 3000
Course
MAK 3000

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