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During Exercise

question 18

Multiple Choice

During exercise,

Explain the criteria for selecting a good brand name and give examples.
Describe the four branding strategies used by product and brand managers.
Define brand equity and list the steps to develop it, noting the most challenging step.
Understand the differences and advantages of multiproduct branding versus multibrand strategies, including packaging benefits.

Definitions:

Concept

A concept embodying the essential traits of what it symbolizes.

Concrete

Referring to real, tangible objects or phenomena, as opposed to abstract concepts or ideas.

Genus

A category of biological classification that ranks above species and below family, used to group species that share common characteristics.

Species

A group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding, and are classified under a common and distinct category in biology.

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