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Chapter 35 A review of some vocabulary terms….
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What are the names of the products below? 1. 2. 3.
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ANSWERS 1. Plastic bandage 2. Cotton Swab 3. Facial Tissues
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How can a brand name become too successful? A. When the name becomes too common, more like a household name. EX. In-Line Skates vs. RollerBlade (a brand name)
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What is Co-Branding? When two companies advertise together.. Hershey’s and Betty Crocker
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Why would two companies co- brand (or advertise together)? A: To make money!!!! $$$$$$ A: To increase customer loyalty A: To increase sales for an individual brand
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National, Private, Generic Brands National brands – are owned by manufacturers EX. Glad Trash Bags
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Private Brands Private Brands – are owned by wholesalers and retailers; the manufacturer’s name does not appear on the product EX. Target Brand Macaroni Cheese (Target pays a company to place its label on the package; Target does not make its own mac. and cheese)
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Generic Brand Generic Brand - products that don’t carry any name at all Ex. Box of macaroni and cheese that simply says macaroni and cheese; there is no company name
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Mixed Brand Strategy When a store or manufacturer sells any combination of national, private, and or generic brands. Ex. Target sells: –Kraft Macaroni and Cheese –Target Corporation Macaroni and Cheese
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A brand can include a brand name, brand mark, trade name, trade character and trademark. Can you identify each of these elements on the following package?
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Branding, Packaging, Labeling PP Assignment; pg. 567 Define each term & 2 picture (or real examples): –Brand-private brand –Brand name-generic brand –Brand mark-manufacturer brand –Trade name-brand extension –Trade character-brand licensing –Trademark-mixed-branding strategy - co-branding
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What are the functions of packaging? Pg. 575 Promoting and selling product –A well designed product can make a product stand out from the rest
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Defining product identity Helps with marketing strategy, especially advertising
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Providing Information Labels Preprinted prices (UPC symbols)
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Ensuring Safe Use Helps eliminate misuse of product Prevents contimination
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Protects Product Keeps product from damage or spoilage
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