BRANDS 0.0 / 5 ? BusinessMARKETINGASAQA Created by: _Holly98Created on: 19-04-16 18:09 WHAT IS A BRAND PROMISE DELIVER CERTAIN BENEFITS / SERVICES UNIQURE CHARACTER = DESIGN / IMAGE ASSOCIATION / TRUST LONG BUILD UP VULNERABLE - DAMAGED SOMETHING HAPPEN CONFLICT VALUES 1 of 4 STRONG BRAND DEMAND INELASTIC CUSTOMERS BRAND AMBASSADORD - CONVINCE OTHERS TRY OPEN OTHER PROUDCTS LAUNCHED SAME BRAND NAME DIFFICULT OTHERS ENTER MARKET 2 of 4 STRENGTHS BRAND CUSTOMER LOYALTY - WORD OF MOUTH CHARGE HIGH PRICES - MARKET LEADER RETAILERS STOCK UP BRANDS - NOT MUCH SPACE USE HIGH END BRANDS 3 of 4 DISADVANTAGES BRAND HIGH COST ADVERTISING - CONSTANTLY CUSTOMER EYE LOSS VALUE ONE PRODUCT AFFECT REST INVITE COMPETITION HIGH COST RESEARCH / DEVELOPMENT STAY STOP 4 of 4
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