Presentation is loading. Please wait.

Presentation is loading. Please wait.

Product Element.

Similar presentations


Presentation on theme: "Product Element."— Presentation transcript:

1 Product Element

2 Product Mix Product mix is the total assortment of products that a company makes and/or sells Example : Nike has an extensive assortment of equipment in several sports such as tennis, hockey, basketball, baseball, etc).

3 Product Mix - Example Kraft Canada

4 Kraft Canada

5 Why do companies sell more than one product?
Security of sales Prevents dependence on one product Diversity among customers

6 Product Mix Product mix has three key components:
Product line – a group of closely related products or services sold by a company (e.g., Nike’s line of golf equipment would be a product line). Packaging – an important element that may influence sales by emphasizing ease of use, consumer attractiveness, environmental friendliness, etc.  Brand – the name, symbol, word design, or combination of theses elements that identifies a product, service or company. The brand represents the company’s reputation of quality, reliability and status in the market place.

7 What is a Branding? When an organization uses a name, phrase, or symbol to distinguish its products from the competition. Creates value and influence.

8 Parts of a Brand Brand name – consists of words, numbers, or letters that can be spoken Logo – the picture, design, or graphic image that is associated with a brand Slogan – the phrase or sentence that summarizes some of the essential aspects of the product.

9

10 Most Valuable Global Brands
Value Apple $154.3 Billion Google $82.5 Billion Microsoft $75.2 Billion Top 10 Most Valuable Brands

11 Most Valuable Brands in Canada

12 What is Meant By Brand Personality?
Successful brands take on a “brand personality” – Attaching human traits to a brand name. Nike with professional athletes endorsing their products has a “winning” personality.

13 What is Meant By Brand Personality?
Harley-Davidson: masculinity defiance rugged rebel

14 What is Brand Identity? A consistent image or feeling that consumers recognize when encountering the brand.

15 Fixed Brand Identity Having a consistent brand identity can lead to focused marketing - but it can also limit your market. Potential to alienate family audiences with films dealing with controversial issues. What do you do?

16 Establish Another Company/Brand
Touchstone Pictures

17 Branding Activity Great a one-page Company Collage that identifies the following: Corporate/company name Product mix All product lines including: Brands Logos Slogans Selection of product images


Download ppt "Product Element."

Similar presentations


Ads by Google