Marketing Exercises Solutions Branding and packaging Branding and packaging - Test Bite http://www.bbc.co.uk/apps/ifl/schools/gcsebitesize/business/quizengine?quiz=brandingandpackaging;templateStyle=b usiness 1. The name given to a product is called its brand name. true Well done. A brand name can apply to a single product or a range of products. 2. Brand names and logos are the only important design features in packaging. False Well done. Shape, size and colour are also important design features of packaging. 3. McDonalds' golden 'M' is an example of a company logo. True Well done. A logo is an image or symbol that represents a brand or company. 4. Consumers buying different brands are an example of brand loyalty. False Well done. Consumers continuing to buy the same brand is an example of brand loyalty. 5. Using similar packaging to other brands helps differentiate your own product. false Well done. To differentiate your product you need distinctive packaging. 6. Tesco's Cola is an example of an own brand product. true Well done. For their own products supermarkets often use similar packaging to that used by market leaders. 7. Impulse buying can be affected by distinctive packaging. true Well done. Buying on the spur of the moment can be caused by distinctive or attractive packaging. Branding and brand names - © BBC | British Council 2004 Worksheet 1 Skim read the following text The name is the most important element of a successful brand. Packaging changes, advertising changes, products even change but brand names never change. Where do great brand names come from? All different sources, they may come from family names or perhaps the inventor’s favorite color or animal or sometimes the names are just completely made up. For example, McDonald’s is a family name, Adidas was created from the inventors name Adi Dassler, Volvo means “to roll” in Latin and KODAK was completely made up by the inventor George Eastman because he thought it was unusual and different Worksheet 2 Discuss the following questions in pairs: 1. Why are brand names important? Customers usually associate quality and brand name 2. Name three different sources of brand names. Family name, Something the investor likes best, Just invented 3. Do you think brands are important? Why? Companies have a greater share of the market 4. Do you have a favorite brand? What is it and why do you like it? Microsoft, I like its friendly software Worksheet 3 Can you guess where the following brand names came from? Match the brands in the box with the correct text below. 1. Toyota 4. Reebok 2. Chanel no.5. 5. Nike 3. Rolls Royce 6. Nivea a) From the Latin word meaning, ‘snow-white’. b) This was the fifth perfume made by the same company. c) Named after the Greek Goddess of Victory d) Originally a Japanese family name Toyoda. The inventors changed one letter to make it easier to pronounce overseas. e) Named after an African Gazelle f) The family names of two men, one a motor enthusiast and the other an engineering genius. 6 2 5 1 4 3 Worksheet 4 Rank your favorite brands from 1-10 (1 = like the most, 10 =like the least) 1 2 3 4 5 6 7 8 9 10 Microsoft MULINO BIANCO EMPORIO ARMANI NOKIA PANDA FANTA ZELIG MILLIONAIRE ESSELUNGA SWATCH 2 Worksheet 5 TASK In pairs invent a new product and give it a name. Think about the following points: • What is special or unusual about your product? • Why would people want to use or buy it? • How does the name relate to the product? Once you have chosen the name for your product prepare a short oral presentation to give to the rest of the class. In your presentation you should describe your product and explain how and why you chose its name. Both of you should speak in the presentation. Here are some useful phrases that may help you with your presentation: We would like to introduce our new invention… We chose the name … because… You can use it to… If 1. 2. 3. 4. 5. 6. 7. you can’t think of any ideas for a new product use one of these ideas. A thick slimy (vischioso) green jelly (gelatina) soda drink A flying schoolbag that you can control by remote control (telecomando) An alarm clock (telecomando) that switches off when you shout at it A television computer A digital watch with a built in mobile phone and mini computer… A new digital homework personal organizer A new high speed flying carpet The marketing mix MARKETING ESSENTIALS exercises © Macmillan Publishers Ltd 2004 You are attending a marketing training seminar in English. The following practice is based upon your notes from the workshop. 1. Underline the appropriate idea to complete this basic description of marketing. In the past marketing was (customer-driven/ product-driven) where business emphasized the product first and (considered/ confronted) the customer last. Nowadays the reverse strategy is the key to successful marketing. Products and services are created (to mean/ to meet) customer needs. Moreover, marketing must make use of its four basic components to be effective: • Sales • Promotion • Advertising • (Public Relations/Possible Requirements) or PR In each aspect marketing aims for a solid customer base and increased (turnaround /turnover). Improving marketing performance is essential to be ahead of the (competition/ concentration). 2 Circle the words that can be combined with ‘market’. 3 overseas service leader survey upscale country developing competence potential business share. Write the possible combinations, before or after ‘market’. ....................... market...leader......... ....................... market...share........... ....................... market...survey.......... ........potential... market..................... ........Overseas.. market..................... .......developing..market..................... .......upscale...... market..................... 3. Match the marketing components to the right description. The ‘Marketing Mix’ consists of the 4 P’s: Product Promotion Price Place - one that meets the customer need to encourage the customer to buy it one that makes company profit and keeps the customer satisfied where the customers can buy it 4. Place the following words and phrases under the right marketing heading. Some of the ideas might belong to more than one category. media to announce press release special offer billboards discounts banners to call on (customers) to sponsor free samples reputation coupons campaign to display negotiation internet follow-up to bargain press conference to endorse commercials Sales to call on negotiation follow-up to bargain Promotion Special offer discounts free samples coupons to display Advertising Media billboards banners to sponsor Campaign Internet to endorse commercials PR to announce press release reputation press conference Complete these sentences to describe the marketing categories. • The sales department handles _customers' orders, delivering goods, invoicing______. • Promotion involves_ persuading, informing and making people more aware of a brand, as well as improving sales figures ______________________________________________. • Advertising includes communication that typically attempts to persuade potential customers to purchase or to consume more of a particular brand of product or service ____________. • PR deals with improving the company’s image, notably through financing sports, the arts and public information services _. 5. Finish the sentence pairs/ groups using the noun form of the highlighted corresponding verb. *We will announce our marketing plans at the meeting tomorrow. We will make an announcement about our marketing plans at the meeting tomorrow. 4 *He wants to bargain with the customer. He wants to offer a _bargain_ to the customer. * Rolex sponsors the Wimbledon Tennis Tournament. Rolex is a _sponsor____ of Wimbledon. Every year Rolex gives its _sponsorhip__ to Wimbledon. * Shops can display new products. Shops can set up special _displays__ for new products. * Famous sports stars often endorse sports clothing and accessories. _endorsement_ from famous sports stars helps to sell sports clothing and accessories Marketing mix - Test Bite http://www.bbc.co.uk/apps/ifl/schools/gcsebitesize/business/quizengine?quiz=marketingmix;templateStyle=business 1. What is the basis of marketing? Meeting customer needs The needs of the consumer are central to marketing. 2. The most important aspect of marketing research is to find out what consumers' needs are. Knowing consumers' needs is critical. 3. The most important pricing decision ensures Breaking-even Breaking-even and avoiding making a loss are essential for any business. 4. A manufacturer offering discount vouchers is an example of sales promotion. This is an indirect way of promoting sales. 5. Getting the product to the consumer should be as convenient as possible. The easier it is for the consumer to buy a product, the more likely they are to buy it. 6. Why might Kendal Footwear try to differentiate their boot? So it stands out from their competitors They need to make their brand stand out in the consumer's mind. 7. What would be the most appropriate journal for Kendal Footwear to advertise in at first? A local newspaper Their target market is likely to be local, and it would be much cheaper Market research Market research - Test Bite http://www.bbc.co.uk/apps/ifl/schools/gcsebitesize/business/quizengine?quiz=marketresearch;templateStyle=busines s 1. Research is essential to identify consumer needs. true Identifying consumer needs is central to marketing. 5 2. Desk research is more expensive than field research. false Field research takes more time and planning, so it is more expensive. 3. Field research is less valuable than desk research. false Specifically designed research is at least as valuable as desk research. 4. Secondary data is totally reliable. false Existing data has been collected for different reasons. Methods and findings may not be reliable. 5. The first step in the research process is gathering data. false Identifying the problem is the first step in the research process. 6. Referring to your own firm's sales records is an example of primary research. false This is an example of secondary or desk research . Market segmentation Market segmentation - Test Bite http://www.bbc.co.uk/apps/ifl/schools/gcsebitesize/business/quizengine?quiz=marketsegmentation;templateStyle=bu siness 1. A market segment is a group that has been identified as having the same needs or wants. true 2. A target market is a specific segment that you are trying to sell to. true A target market is the specific group that is the potential consumer of the product. 3. Targeting football boots at men is an example of cultural segmentation. false This is an example of gender segmentation. 4. Disposable income describes the amount of money you spend. false Disposable income is the money you have left after essentials have been paid for. 5. A company would target a sports car at a family group. false The lifestyle needs for this segment would be different. 6. Targeting kosher food at Jewish communities is an example of cultural segmentation. true Kosher food is a need specific to the Jewish community - this is cultural segmentation. 6 Product lifecycle Product lifecycle - Test Bite 1. There are four main stages to the product life-cycle. true Introduction, growth, maturity and decline are the four main stages of the product life-cycle. 2. Competitors enter the market during the decline stage of a product's life. false Competitors would enter the market during the growth stage, when a product is highly profitable. 3. New consumers buying your product is an example of brand loyalty. false Existing consumers continuing to buy your product is an example of brand loyalty. 4. Saturation point is reached during the growth stage of the product life-cycle. false Saturation point occurs towards the end of the maturity stage of the product life-cycle. 5. A product that has been replaced by newer models is considered obsolete. true A product becoming obsolete can happen as a result of technological advances, for example. 6. Marketers add value to their products to make them more attractive than their competitors' products. true When the consumer has a lot of choice, it is necessary to make your product stand out. 7