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MKTG - 3.04 - Brand World Terms Review

AB
Brand extensionThe brand strategy of using successful brands to introduce new products
Brand insistenceThe stage of brand loyalty in which consumers insist upon buying a specific brand
Brand licensingThe legal authorization by a brand owner to allow another company to use the brand in exchange for a fee
Brand LoyaltyCustomers’ allegiance to a particular brand
Brand markA distinctive symbol, design, sound, or group of letters which is seen or heard by cannot be spoken
Brand nameThe part of a brand which can be spoken, such as a word, a phrase, a letter, a number, or any combination of these
Brand positioningA branding strategy in which marketers create a certain image or impression of a brand as compared to those of competitor's brands.
brand preferenceThe stage of brand loyalty in which consuemrs prefer to purchase a certain brand but will accept substitutes if the brandis not available.
Brand recognitionThe stage of brand loyalty in which consumers are made aware of a brands existence
Brand StrategiesThe actions a business takes with a brand in order to accomplish its goals
BrandingThe ongoing decision-making process about the use of brands
Co-BrandingA brand strategy that involves busiensses joing forces for mutal benefit and to increase brand recognition, customer loyalty, and sales for both brands
DifferentiationThe act of distinguishing between or seperating two or more things
Family brandA category of brands in which one brand is used for a group of related products in a product line
Generic itemAn unbranded product that is plainly packaged, has lower or standard quality, is sold at a lower price than a branded product, and receives little or no promotion
Individual brandA category of brands in which different bradns are used for products owned by one company
IntermediariesChannel members operating between the producer and the consumer or individual user to help in the movement of goods and services
Manufacturer's brandBrand for which the manufacturer assumes all the responsibility of branding
Market shareAn organization’s portion of the total industry sales in a spediic market
Private brandBrands owned by intermediaries
Product brandA name, term, symbol, or design (or combination of them) that identifies a prodcut and distinguishes it from competitor's products
Product lineA group of related product items
TabooSomething that is forbidden or avoided due to cultural beliefts
Trade CharacterA brand mark that has been personified and made to seem lifelike
Trade nameThe name that is used to identify a company or an organization
TrademarkA brand that is owned by a business; designated by the symbol TM
URLUniform Resource Locator; website address



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