Unique branding - Study guides, Class notes & Summaries

LVMH Expert Certification Exam – With Questions & Solutions (100% Accurate) LVMH Expert Certification Exam – With Questions & Solutions (100% Accurate) Looking at distribution, is Brick and Mortar still an important part of the luxury story? - ANSWER - YES Which characteristics may help to measure the luxuriousness of an offer? - ANSWER - · Price · Quality · Scarcity · Signed by brands. · Controlled channels · Personalized services · Delivering experiential rewards How...

The course of culinary history was changed by the French Revolution particularly due to ___________ and _____________. - The serving of restoratives by M. Boulanger at his all-night tavern; the emigration of royal chefs to the United States and other parts of the world. Most diners today expect to be able to pick and choose individual menu items when going out to eat, but that wasn't always the case. What 19th century innovation formed the foundation for the à la carte menu we know today?...

BA 303 Exam #2 Practice Questions and Answers 100% Pass Product - Correct Answer ️️ -The set of features, functions, and benefits that customers purchase. May consist of a combination of tangible and intangible attributes. Marketers think in terms of planning product on three levels: - Correct Answer ️️ -- Core Product -Tangible Product -Augmented Product Core Product - Correct Answer ️️ -The primary purpose of the product. Why the customer buys it (ex. Pen for writing). Tan...

AIPMM PMM Product Marketing Manager Certification Exam Questions and Answers 100% Pass Stages of product life - Answer- Conceive Plan Develop Qualify Launch Deliver Retire Stages of the product development process prior to a product being availalable to customers: - Answer- Conceive Plan Develop Qualify Ansoff Expansion Grid - Answer- Market penetration - sell existing products in existing market Product development - sell new products in existing market Market development - sel...

Marketing concept - Answer-The philosophy that focuses on identifying and satisfying customer needs. Benefits of marketing - Answer-Advantages gained from implementing marketing strategies. Importance of marketing - Answer-The significance of marketing in achieving business goals. Seven functions of marketing - Answer-Activities involved in the process of marketing goods and services. Marketing mix - Answer-The combination of product, price, place, and promotion strategies used to ma...

MBA 706 Exam 1 Study Guide with Complete Solutions. Chapter 1 – The Strategic Perspective • Relationship between strategy and change o Change is the only certainty o Change can be cyclical (predictable) or evolutionary (unpredictable) o Change is an integral part of strategy ■ What drives change? -PEST (political / economic / social / technological) ■ What impacts change? - volatility / globalization / competition / redefine ■ What are the consequences of change? - new opport...

BA 317 UO Final Exam Questions and Answers Rated A+ product anything that can be offered to a market for attention, acquisition, use or consumption that might satisfy a want or need types of products convenience shopping specialty unsought convenience product product we buy frequently with little thought, little searching low involvement, quick decisions buy based on accessibility & price shopping product product not purchased frequently increased involvement, more effort expended on se...

1. The retailer of the Craftsmen tools is using product differentiation when it advertises that unlike some other tools, its brand of tools have a lifetime warranty - Answer-True 2. An ad is Fit Magazine offered a 30-day free in-home trial of a lifecycle exercise bike with free shipping and return if you were not satisfied with the bike. The function of the ad is - Answer-Encourage consumers to try the bike 3. Of all the business functions, _________ is the only one whose primary role is to...

UGA MARK 3000 - Grantham Exam 3 Questions and Answers | Latest Version | 2024/2025 | 100% Verified How does brand equity contribute to a company's overall value? Brand equity increases a company's value by creating customer loyalty, enhancing market share, and allowing premium pricing. What is the role of segmentation in developing a marketing strategy? Segmentation divides the market into distinct groups based on characteristics, allowing for more targeted and effective market...

Passengers who have sailed before purchase passage with an Alaskan cruise based on an enjoyable previous cruise with the same company, even though other cruise lines are offering the same destination for a lower price. Which brand-building element is motivating the passengers' choice? - Experience An accounting software company promotes a free trial offer to compete against a company that has an 80 percent share of the market and high customer satisfaction rates. Which branding element is th...