Term
|
Definition
A make,identifying mark, label, trademark, imprint, or name that dinstinguishes the originator, creator, or manufacturer of goods or services |
|
|
Term
|
Definition
The quality associated with a brand based on value over a significant period of time; the affirmative perception of a brand or service based on customer loyalty and the reputation of a service or product |
|
|
Term
|
Definition
Introducinga new or improved product by associating it with an establishe, positive brand image. |
|
|
Term
|
Definition
A logo, slogan, moniker, or mark assocaited with a product or service by consumers that sets it apart from competitors. |
|
|
Term
|
Definition
Originating, building, improving, and safeguarding a name or symbol representing a specific product or service. |
|
|
Term
|
Definition
Optimizing a brand by having a clear concept of its strongest points and placing it among similar products to accentuate it superiority and uniqueness in relation to its competitors. |
|
|
Term
|
Definition
Adding new versions, types and varieties of existing branded services or goods. |
|
|
Term
|
Definition
Presenting variations of an established brand to attract a wider buyer base. |
|
|
Term
|
Definition
Creating new names, logos and marketing campaigns to replace dimishing one and appeal to new demographic to increase recognition and sales. |
|
|
Term
|
Definition
Using consumer research, trend analysis and investigation of competitive products and services to set targeted products and services apart from above the competition. |
|
|
Term
|
Definition
Adjusting prices of elastic products lower to create a revenue spike through multiple sales and increasing the prices on inelastic products to maximize revenues per item sold. |
|
|
Term
|
Definition
Inflating prices across assorted market segments to skim profits from multiple sources. |
|
|
Term
|
Definition
The price at which a product or service is (1) competitive. (2) profitable and (3) has an attractive Target Cost, calculated by subtracting the Desired Profit from the Target Price. Product designers and engineers must determine the most profitable methods to create the goods. |
|
|
Term
|
Definition
Utilizing consumers' perceived values to set prices rather than base them on actual costs. |
|
|
Term
|
Definition
Goods and services purchased by the private sector. |
|
|
Term
|
Definition
Items bought on a regular basis to meet immediate needs. |
|
|
Term
|
Definition
Infrequently purchased goods and services consumers typically comparison shop before purchasing such as vehicles, major appliances, and furniture. |
|
|
Term
|
Definition
Luxury items associated with specific brands and exclusive features such as Jaguar, Tiffany and Lamborghini. |
|
|
Term
|
Definition
Products whose values in increased or enhanced by service-oriented add-ons such as warranties, service contracts and installations services. |
|
|
Term
|
Definition
A concrete, physical product whose assessment includes style, quality, characteristics, brand, and presentation: also known as the Formal Product or Tangible Product. |
|
|
Term
|
Definition
Plugging a product into a line to make it complete and comprehensive. |
|
|
Term
|
Definition
The cumulative number of line products sold in all classifications. |
|
|
Term
|
Definition
The common thread that runs through all products in the line. |
|
|
Term
|
Definition
Increasing market potential by expanding product offerings. |
|
|
Term
|
Definition
Assessing which products in a line have the highest profit and sales margins. |
|
|
Term
|
Definition
Increasing sales by presenting related items sold separately. For example, selling a perfume and offering individually packaged body lotion, deoderant and shampoo with the same fragrance. |
|
|
Term
|
Definition
How many types of product lines offered for sale by a company. |
|
|
Term
|
Definition
The relativity of the lines offered by a company. |
|
|
Term
|
Definition
How many types or styles of each product are offered in each line. |
|
|
Term
|
Definition
The variety and styles of product selections in a particular line. |
|
|
Term
|
Definition
The quantity of diverse product lines carried by a company. |
|
|
Term
|
Definition
A portfolio management strategy that measures potential growth based on market growth rate projections and anticipated market share. |
|
|
Term
|
Definition
Adversity among channel members regarding role definitions and goals. |
|
|
Term
|
Definition
The channel through which the optimum number of potential buyers can be reached as well as where and when. |
|
|
Term
|
Definition
The best distribution of products for optimum sales and profits. |
|
|
Term
|
Definition
Coordinating the movement between suppliers, wholesale distributors, resellers, and customers to maximize sales. |
|
|
Term
|
Definition
A wide variety of departments dedicated to optimize design, production, marketing, sales, deliveries, and product support. |
|
|
Term
|
Definition
An integrated group of manufacturers, suppliers, distributors, and buyers who work in conjunction with each other to boost the integrity of product distribution. |
|
|