Branding and Design Flashcards
brand
a name, term, symbol or design, or combination of these, which is intended to identify goods or services of one seller, or group of sellers and to differentiate them from those of competitors
symbol
any object, word or action that stands for something else
product brand
can have a completely different identity than the organization behind it (pringles owned by kellogg’s)
corporate brand
if endorsed (HEMA) it influences all the products of an organization, no matter what kind
brand equity
represents the value of a brand in the marketplace
brand equity elements (5)
- market behavior
- awareness
- association and differentiation
- quality
- loyalty
brand identity
all characteristics which define the brand, according to internal target groups (= those who define the organization from the inside)
brand image
identity of the organization as established by all of its audiences, over time
brand promise
all benefits relevant to the purchase that are offered to the target group
brand behavior
products and services offered within a brand + advertisement
brand needs
what consumers expect from the brand
brand experience
interactions between consumers and brands at different touch points
different kinds of benefits consumers can obtain from an interaction with a brand (3)
- individual benefits (intrinsic)
- social benefits (extrinsic)
- functional benefits
sorts of individual benefits (2)
- sensual-easthetic (perfume)
- hedonic (vacation)
sorts of functional benefits (2)
- utilitarian
- economic