This topic contains a solution. Click here to go to the answer

Author Question: If a brand is extended too many times, one major risk is that it can lead to _____. A) family ... (Read 19 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
If a brand is extended too many times, one major risk is that it can lead to _____.
 A) family branding
  B) brand dilution
  C) co-branding
  D) line extensions
  E) generic branding

Question 2

How might a marketer find information about a competitor's prices? Why is this information important?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ptupou85

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

B

Answer to Question 2

In most cases, marketers are in a better position to establish prices when they know the prices charged for competing brands. Learning competitors' prices should be a regular part of marketing research. Some grocery and department stores even employ comparative shoppers who systematically collect data on prices. Companies may also purchase price lists from syndicated marketing research services. Even if a marketer has access to competitors' price lists, they may not reflect the actual prices at which competitive products sell because negotiation is involved. Knowing the prices of competing brands is essential for a marketer. Regardless of a firm's actual costs, it does not want to sell its product a great deal above competitors' because products may not sell well, or a great deal below because customers may believe the product is of a low quality. Particularly in an industry in which price competition prevails, a marketer needs competitive price information to ensure that a firm's prices are the same as, or slightly lower than, competitors'. In some instances, an organization's prices are designed to be slightly above competitors' prices, to lend an exclusive image.




jjjetplane

  • Member
  • Posts: 556
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

For a complete list of videos, visit our video library