EC1 Flashcards

(45 cards)

1
Q

A MODEL OF THE INVENTION THAT PUTS INTO PRACTICE

A

PROTOYPE

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2
Q

PRODUCTS THAT CONSUMERS FEEL ARE WORTH THE TIME AND EFFORT

A

SHOPPING PRODUCTS

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3
Q

ARE THE LOWEST RISK AND LOWEST EFFORTS

A

CONVENIENCE PRODUCTS

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4
Q

ENABLES THE OWNER TO COMMUNICATE THE BENEFIT OF HIS PRODUCT

A

POSITIONING

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5
Q

ENABLES CUSTOMERS TO EASILY DISTINGUISH ONE PRODUCT FROM ANOTHER

A

IDENTIFICATION

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6
Q

ENABLES THE OWNER OF THE BRAND NAME TO ENJOY THE GOODWILL

A

PROTECTION

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7
Q

WHERE A NEW BRAND NAME IS ATTACHED TO A NEW PRODUCT

A

INTRODUCTION OF NEW BRAND NAME

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8
Q

EXTENSION OF THE BRAND NAME TO NEW OR MODIFIED PRODUCT

A

INTRODUCTION OF BRAND EXTENSION

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9
Q

BRAND NAMES ARE EXTENDED INTO NEW FORMS AND SIZES OF AN EXISTING PRODUCT CATEGORY

A

INTRODUCTION OF LINE EXTENSION

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10
Q

BRANDING WITH THE COMPANY NAME ALONE

A

THE COMPANY NAME ALONE

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11
Q

BEST SUITED FOR MARKETING PRODUCTS THAT ARE RELATED IN QUALITY AND USE

A

COMPANY NAME COMBINED WITH THE PRODUCT NAME

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12
Q

TERMED AS FAMILY BRANDING/ SIMPLE AND LESS EXPENSIVE

A

SEPERATE NAME FOR EACH PRODUCT

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13
Q

ALSO CALLED CO-BRANDING/CARRIES THE BRAND NAME

A

MIDDLEMANS STRATEGY

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14
Q

MANUFACTURERS HAVE TO ESTABLISH A WIDE DISTRIBUTION SYSTEM

A

PRODUCERS STRATEGY

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15
Q

BRAND THAT HAVE BEEN ADOPTED BY THE SELLER AND GIVEN LEGAL PROTECTIO (DTI)

A

TRADE MARK

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16
Q

RECOGNIZED BY SIGHT BUT CANNOT BE EXPRESSED/FORMS OF SYMBOLS

A

BRAND MARK

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17
Q

NAME OR MARK THAT IS INTENDED TO IDENTIFY THE SELLER PRODUCT

A

BRAND

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18
Q

COMPETITORS POSITIONING

A

COMPETITION

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19
Q

NEEDS OF THE MARKET THROUGH ANALYSIS

20
Q

TYPE OF CUSTOMERS THAT ARE FOCUSED WITHIN THE MARKET

A

TARGET MARKET

21
Q

PROCESS OF DIVIDING INTO SEGMENTS WITH SIMILAR CHARACTERISITCS

22
Q

A STATISTICAL CHARACTERISTICS OF HUMAN POPULATION

23
Q

A QUANTITATIVE AND QUALITATIVE ASSESSEMENT OF A MARET ABILITY TO RESPOND POSITIVELY

A

MARKET ANALYSIS

24
Q

DETERMINE THE BEST RESEARCH IN THE AREA OF DISSEMINATING INFORMATION

A

PROMOTIONAL RESEARCH

25
TEST THE NEW OR REVISED PRODUCTS OR COMPLETING TEST MARKETING
PRODUCT RESEARCH
26
DETERMINES THE IDEAL PRICE FOR THE PRODUCT
PRICING RESEARCH
27
GROUP CUSTOMER BY SIMILAR CHARACTERISTICS OR SIMILAR PURCHASE BEHAVIOUR
MARKET SEGMENTATION
28
DETERMINES ON HOW TO TRANSFER THE PRODUCT FROM THE MANUFACTURER TO ULTIMATE USER
DISTRIBUTION RESEARCH
29
PERCENTAGE OF TOTAL SAKES VOLUME IN A MARKET CAPTURED BY A BRAND
MARKET SHARE
30
ESTIMATED MAXIMUM TOTAL SALE REVENUE OF ALL SUPPLIER
MARKET POTENTIAL
31
DESCRIBES ATTRIBUTE OF THE BUYER IN MAKING DECISION RELATED IN PURCHASING A CERTAIN PRODUCT
MARKET CHARACTERISTIC
32
THE IMPRESSION IN THE CONSUMERS MIND OF A BRAND
BRAND IMAGE
33
PEOPLE WHO HAVE NOT YET PURCHASED
PROSPECTS
34
PEOPLE IN YOUR TARGET MARKET WHO ARE NOT CURRENTLY LOOKING FOR A SOLUTION
TARGET MARKET USER
35
PEOPLE WHO HAVE ALREADY PURHCASED THE PRODUCT
EXISTING CUSTOMER
36
THE ONLINE AND OFFLINE EXPERIENCES ARE INTERWINED AS CONSUMERS NAVIGATE THEIR DAILY LIVES SEAMLESSLY
SEAMLESS SENSATION
37
PEOPLE WHO VALUE NEARBY LOCATIONS
CONVENIENCE SHOPPER
38
SEEKS HIGH VALUE ON CUSTOMER SERVICE
SERVICE OR FEATURE SHOPPER
39
PEOPLE WHO ARE INTRESTED IN PRESTIGIOUS(SIGNATURE) BRANDS. WILLING TO PAY AT ANY PRICE
STATUS SEEKER
40
WILLING TO PAY FAIR PRICES FOR PRODUCS/ BRANDS ARE SUPERIOR TO OTHERS
BRAND LOYAL CUSTOMER
41
GROUP IN INTRESTED IN THE BEST DEAL FOR A PRODUCT/ COMMONLY CALLED AS ''PRAKTIKAL'' AND PRICE CONCIOUS
PRICE SHOPPER
42
FREQUENCY OF PRODUCT PURCHASE AND SHOPPING BEHAVIOUR OF THE TARGET MARKET
BEHAVIOURAL FACTOR
43
INCOME LEVEL, AGE. GENDER
DEMOGRAPHIC FACTOR
44
THE BUYER OF THE PRODUCT
TARGET MARKET
45