What does "Points-of-Parity" (POP) mean in brand strategy?

Attributes shared with competitors

Unique attributes giving competitive advantage

Features that differentiate the brand

Attributes making the brand market leader

"Behavioral Segmentation" primarily focuses on what?

C. Usage rates and buying behaviors

D. Customer's values and attitudes

………. means brands can link themselves to any kind of entity that possesses the right kind of equity-a person, other brand, event, and so forth-as a means to establish an attribute or benefit as a POP or POD.

Leverage Equity of Another Entity.

A good positioning contains ……………… that appeal both to the head and the heart.

Brand awareness and brand imagine

Which of the following is an example of a brand mantra?

"Authentic athletic performance" (Nike)

"Have it your way" (Burger King)

"One person, one cup, one neighborhood at the time" (Starbucks)

According to the document, why does Pepsi focus on "Points-of-Parity" instead of "Points-of-Difference" in its competition with Coca-Cola?

Because Pepsi wants to convince consumers that its taste is not inferior to Coca-Cola

Because Pepsi wants to differentiate itself clearly from Coca-Cola

Because Pepsi focuses on promoting new products

Because Pepsi wants to change its product formula

Which of the following is a "Point-of-Difference" (POD) for Porsche when competing with other luxury car brands?

Sports car-like driving performance

Luxurious and spacious interiors

The "Sensory Segment" of Pepsi targets which customer group?

Young customers who love sweet, refreshing tastes

Why does market segmentation require trade-offs between costs and benefits?

B. Because reducing costs is necessary to reach a wider audience

A. Because it needs to consider legal factors

C. Because benefits are often higher than costs

D. Because broad segmentation increases product quality

Two key issues in arriving at the optimal competitive brand positioning are (1) ………………. the competitive frame of reference and (2) choosing and establishing ………………….

Defining and communicating / PODs and POPs

Defining and communicating / Brand awareness and Brand Imange

Delivering and communicating / Brand awareness and Brand Image

Delivering and communicating PODs and POPs

Which one is not an approach to address the problem of negatively correlated POPs and PODs:

D. Communicating Category Benefits

B. Leverage Equity of Another Entity

What is the primary purpose of a brand mantra?

To ensure alignment of internal and external brand perception

To create elaborate advertising campaigns

To define the company's financial goals

To serve as a detailed product description

What is the first step in developing a brand mantra?

Identifying brand essence and core brand values

Mr. A went to the supermarket and was invited to try BaVi Milk products due to promotions, but he refused and went to the Vinamilk milk counter to buy the product. An example in what dimension?

Greater Trade Cooperation and Support

Increased Marketing Communication Effectiveness

Which of the following factors is NOT a component of Customer-Based Brand Equity?

Average price of brand's products.

Customer response to marketing.

Which of the following is NOT considered a benefit of strong Customer-Based Brand Equity?

Ability to charge premium prices.

Enhanced competitive advantage.

Which of the following is true?

Brand knowledge is the key to creating brand equity because it is an insightful way to represent how brand equity exists in consumer memories and to represent the strength of association between the brand nodes.

Strong links between the brand and the category or other relevant cues may become especially important over time if the marketers pair the brand and its product category to make a great deal of prior experience and expertise.

Although products and brands may be critically important to marketers, choosing a brand in many categories is not a life-or-death decision for most consumers and lack of perceived differences among brands in a category is likely to leave consumers unmotivated about the choice process.

Raising brand awareness increases the likelihood that in competitive markets, consumers provide the necessary knowledge or experience to play a critical role in determining the differential response that makes up brand equity and make a highly involved decision because they lack the time, energy, or some other factor necessary to do so.

Which of the following is false?

If customers perceive the brand as only representative of the product or service category, then they will respond as if the offering were unbranded.

In low - involvement decision settings, a minimum level of brand awareness may be sufficient for product choice, even in the absence of a well - formed attitude

The associative network memory model views memory as a network of nodes and connecting links, in which links represent stored information or concepts that enhance the strength of association between the nodes

For brands with strong category associations, the distinction between brand recognition and recall may not matter - consumers thinking of the category are likely to think of the brand.

Which of the following shows that consumers lack purchase motivation?

40 percent of consumers surveyed believed all brands of gasoline were about the same or did not know which brand was best.

Consumers don't have time to make a thoughtful brand choice

Consumers don't know anything else about the brands in a category

Consumers don't have the time or face some other constraint such that they cannot make a more deliberate or thoughtful brand choice

What happens if marketers create brand awareness through so-called shock advertising, using bizarre themes?

They predominantly provide a foundation for long-term brand equity

They generate a fair amount of ill will

They seldom fail to create strong category links

They never help the product gain media attention

What does Tesla's mission reflect about its approach to branding?

A forward-thinking approach appealing to environmentally conscious consumers

A focus solely on automotive sales

A commitment to traditional energy solutions

A disregard for consumer knowledge

How is brand image related to brand associations?

Brand image is consumers' perceptions based on brand associations.

Brand image is developed through direct interactions.

Brand image is consumers' perceptions based on brand recall.

Brand image refers to the functional and emotional benefits consumers associate with the brand.

How are brand attributes and brand benefits typically differentiated?

Brand attributes are descriptive features of a product or service, while brand benefits are the personal value and meaning that consumers attach to the product or service attributes.

Brand attributes are the emotional values associated with a brand, while brand benefits are the specific features of the product.

Brand attributes are the promotional strategies a brand uses, while brand benefits are the functional and emotional advantages consumers receive.

Brand benefits are descriptive features of a product or service, while brand attributes are the personal value and meaning that consumers attach to the product or service attributes.

In brand positioning strategy, what does 'Multiple Frames of Reference' mean?

Identifying multiple sets of competitors based on how consumers classify the brand

Using various factors to differentiate the brand

Creating multiple products to expand market share

Using multiple media channels for brand promotion

According to Harley Davidson's behavioral segmentation, what factor is crucial in maintaining customer loyalty?

Building community and hosting engagement events

Diverse advertising across media channels

In the men's designer clothing category, Adam Kimmel or Patrik Ervell may be unknown. But when they are placed in a context of famous American designers of men's clothing such as Calvin Klein or Perry Ellis, consumers are likely to make the connection that the Kimmel or Ervell brand serves the goal of wearing clothing with cutting-edge design is the case of …………

Relying on the Product Descriptor

Communicating Category Benefits

Defining the Competitive Frame of Reference

The advertising of Coca cola Zero: Classic dilemma in between taste and zero calorie. Coca Cola tried to convince the consumers that the relationship between POPs and PODs correlation is positive. Is a method belonging to…?

Leverage Equity of Another Entity

Customer-Based Brand Equity Quiz

Authored by Trịnh Trang

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53 questions

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Customer-Based Brand Equity?

The financial value a brand adds to a product or service.

The differential effect that brand knowledge has on consumer response to the marketing of that brand.

The loyalty consumers have towards a brand based on its advertising.

The market shares a brand holds in its category.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the term "inelastic response to price increases" imply for strong brands?

Customers are highly sensitive to price changes.

Loyal customers are less sensitive to price hikes.

Price increases lead to a decrease in sales.

Price changes have no impact on sales volume.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are the components of brand knowledge?

Brand awareness, brand image, brand equity

Brand equity, brand recall

Brand equity, brand image, brand attributes

Brand awareness, brand image

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the consideration set?

The consumers' ability to confirm prior exposure to the brand

The formation and strength of the associations that make up the brand image

The handful of brands that receive serious consideration for purchase

The consumers' ability to retrieve the brand from memory

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Brand awareness is

A necessary, but not always a sufficient, step in building brand equity

A necessary and sufficient step in building brand equity

A sufficient and important step in building brand equity

The descriptive features that characterize a product or service and help consumers identify the brand under different conditions

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

.............. are those descriptive features that characterize a product or service.

Brand awareness

Brand recall

Brand attitude

Brand attributes

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

……….. are the personal value and meaning that consumers attach to the product or service attributes.

Brand attitude

Brand benefits

Brand awareness

Brand recall

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Customer-Based Brand Equity Quiz

What is Customer-Based Brand Equity?

What does the term "inelastic response to price increases" imply for strong brands?

Which of the following are the components of brand knowledge?

What is the consideration set?

Brand awareness is

.............. are those descriptive features that characterize a product or service.

……….. are the personal value and meaning that consumers attach to the product or service attributes.

Which concept describes designing a product and company image so that it occupies a distinct and valued place in the target customer's mind?

Which of the following is not a consumer segmentation base?

What does "Points-of-Parity" (POP) mean in brand strategy?

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