Products and brands Flashcards
product catalogue
a list of a company’s products
product mix/portfolio
a company’s products considered together and in the relation to one another
product line/range
a company’s products of a particular type
product lifecycle
the stages in the life of a product and the number of people who buy it at each stage
product positioning
how a product is seen, or how a company would like it to be seen, in relation to its other products and/or to competing products
product placement
when a company pays for its product to be used or seen in films or TV programmes
goods
products that are made
raw products
basic materials from which other things are made
finished goods
products ready to be sold
industrial goods
bought by other companies for use in their activities and products
consumer goods
bought by individuals for their own use
consumar durables
consumer goods that last a long time
fast moving consumer goods (FMCG)
consumer goods that sell in large quantities, for ex.foor products
brand name
a company gives the brand a name so they can be easily recognized
the make of the product
the brand name is the name of the company itself, for ex. LG