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Unit 1: Marketing Open Doodles - Studying, What is "Brand"? -…
Unit 1: Marketing
Market Structure
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Market sharer
A smaller company in an industry, more or less content with its existing market share
Market challenger
A company that is number two in an industry, but which would like to become number one
Market nichers
Small, specialised companies, which target segments within segments
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Cartel
A group of companies which choose to collabroate by sharing out markets, co-ordinating their prices and so on
Oligopoly
A market dominated by a few large suppliers, and which it is hard for new companies to break into
Branding
Using a name, a symbol or a design to identify and differentiate it fromm the competitive
Brand Manager
Branding-Creating, maintaining and building
All aspects of the brand
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The brand promise
the explicit promise the organization makes to its target audiences, including employees ( quality and use of the brand)
The brand vision
the brand vision communicates where the brand is and where the brand can go. It talks about the values the brand at the present and future as well as the communication tools needed to achieve this
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Brand platform
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The brand tone of voice
The language the brand uses to convey its
values (serious, humorous, etc.)
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