Homework Clinic
Social Science Clinic => Business => Marketing => Topic started by: soccerdreamer_17 on Dec 2, 2019
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Colgate Total toothpaste is positioned as the brand that addresses all aspects of oral health. Such positioning is very important from the business point of view. How does positioning help in deciding on a marketing strategy? What are the differences between using "attribute or benefit" and "quality and price" as positioning strategy?
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Positioning refers to the act of differentiating a brand in customers minds in relation to competitors in terms of attributes and benefits that the brand does and does not offer. It is the process of developing strategies for marketing purposes. It is frequently used in conjunction with the segmentation variables and targeting strategies. "Attribute or benefit" strategies are used to expose a particular product attribute, benefit or other special feature. Aspects such as economy, reliability, multiple uses, durability, and simplicity are very commonly used to describe the attributes of a product or service. For example, Visa's advertising theme "It's Everywhere You Want to Be" exposes its benefit of being useful at any place in the world. Thus, these types of slogans, themes, or jingles very cleverly outline the benefits or attributes of a product. A similar strategy that is used is related to "Quality and Price." This strategy can be considered in light of a continuum from high fashion/quality and high price to good value. Swatch watches advertise their quality, Swiss origin, as well as affordable price. This way price is always tied to the quality and durability of the product or service.
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