As the marketing manager for your firm, you have been approached by your key component manufacturer suggesting that your two firms "ingredient brand" a new item. What are some of the requirements for succeeding in ingredient branding?
What will be an ideal response?
First, the consumer must perceive that the ingredient matters to the performance and success of the product. Secondly, consumers must be convinced that not all ingredient brands are the same and that the ingredient is superior. Third, a distinctive symbol or logo must clearly signal to consumers that the host product contains the ingredient. Fourth, a coordinated "pull" and "push" program must help consumers understand the importance and advantages of the branded ingredient.
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Unlike a marketing research problem, a management decision problem:
a. makes use of the marketing research objective. b. provides insightful decision-making information. c. focuses on problems that are much broader in scope. d. tends to be more information oriented than action oriented.
Many clichés were originally _____________
a. limited to three words b. only used by the clergy c. metaphors d. inaccurate