Brand Management Review Questions Chapter 1, 2, & 3 Review questions 1. The American Marketing Association defines a brand as a “name, term, sign, symbol, or design, or a combination of them, intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competition.” Please comment on this definition. According to the concept of customer-based brand equity and brand resonance model, how would you define the term “brand”? 2. What is customer-based brand equity? Why the concept plays a central role in branding? 3. What is the depth and breadth of brand awareness? Why brand awareness is important in building brand equity? 4. Describe the brand resonance model and its implications for branding. 5. What is brand positioning? Please describe the major activities to position a brand. 6. What is fame of reference in brand positioning? Why it is important? 7. What are the three characteristics of good brand image? Key terms: AMA definition of brand Customer-Based Brand Equity Brand association Brand awareness Breadth of brand awareness Brand recall Brand recognition Frame of reference Point of parities (POPs) Category POPs Competitive POPs Point of differences (PODs) Brand mantra Brand resonance model Chapter 4, 7 Review questions 1. What is brand element? What roles brand elements can play to build brand equity? 2. What are the six criteria of designing and choosing brand elements? What does each of the criteria mean? 3. What is secondary brand association? What entities could be used as secondary brand associations? What are the major risks of leveraging secondary brand associations? When to leverage secondary brand associations is most appropriate? Key terms: Brand elements The criteria of designing and choosing brand elements (memorable, meaningful, likable, transferable, adaptable, protectable) Secondary brand associations Co-branding Ingredient branding Chapter 11, 12 Review questions 1. What is brand architecture strategy? Why it is important? 2. What is a brand-product matrix? What information we can get from a brand-product matrix? 3. What is brand hierarchy? 4. What is brand extension? What are the pros and cons of brand extension? Key terms: Brand architecture strategy Brand-product matrix Brand hierarchy Brand extension Line extension Category extension Brand portfolio The American Marketing Association defines brand as “name, term, sign, symbol, or design, or a combination of them, intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competition”. Do you agree to this definition? Why? What is Customer-Based Brand Equity? Why it is important in branding? Describe the Brand Resonance Model and its implications for branding. What is brand recall? What is brand recognition? What is the breadth of brand awareness? What should we do to position a brand? Is defining PODs enough? What are the characteristics of a good brand image? What are the criteria for choosing brand elements? Can a single brand element satisfy all the criteria? Why? What entities can be the potential candidates of secondary brand association? Is leveraging secondary brand associations riskless? In what circumstance leveraging secondary associations is more effective?