Question

In: Economics

Choose a brand (except Coca Cola and Pampers and Tesla), then : 1- explain in which...

Choose a brand (except Coca Cola and Pampers and Tesla), then :

1- explain in which level it is positioned currently (product attributes , benefits beliefs & value)

2-how the brand could be positioned in the other two levels ?

Solutions

Expert Solution

1. Volvo cars

A brand is nothing but a name, which is memorable, has a positive connotation, and conveys a certain image. According to Kotler, Brand Positioning is defined as positioning "brands clearly in target customers' minds".

Getting back to the point, marketers can position brands clearly in customers' mind at any of these three levels:

  1. Product attributes (least effective)
  2. Product benefits
  3. Beliefs and values (taps into emotions)

These, are the three levels of positioning of a brand / product.

At the lowest level, they can position the brand on product attributes. This is the least effective way as competitors can easily copy attributes and moreover, customers are not much interested in attributes, but rather on what those attributes would do for them.

A brand can be better positioned by associating it's name with a desirable benefit. Some examples of brands positioned on their benefits is Volvo.

The strongest brands are the ones which are positioned on strong beliefs and values.

2. Other two levels are

a. Product attributes

Volvo can position in product attributes by giving emphasize on safety features. They provide very good quality of cars which ensure maximum safety to the customers. So this is a product feature through which the company can attract more safety conscious people.

b. Beliefs and value

Volvo is a premium segment brand, so they cannot focus on value. Because they provide extreme quality and luxury in their car. So they build advertisements that attract families and make them feel that they and their family is safe while they are inside the car. Advertisement plays an impressive role in portraying belief in the customer.

Please rate my answer.


Related Solutions

Choose a brand (except Coca Cola and Pampers), then : - explain in which level it...
Choose a brand (except Coca Cola and Pampers), then : - explain in which level it is positioned currently  (product attributes , benefits or beliefs & value) - how the brand could be positioned in the other two levels ?
Introduction about Coca-cola. Vision and mission of Coca-cola with the explanation. Expected future price of Coca-cola....
Introduction about Coca-cola. Vision and mission of Coca-cola with the explanation. Expected future price of Coca-cola. impact of economic on Coca-cola with a graph. Analyse of coca-cola competitor (Pepsi) need to provide a graph of Coca-Cola and Pepsi, price and quantity All information must be about Coca-cola in the united states. (when explaining focus more on the economy of the company) (50 marks ) At least 8 pages
Coca-cola and PepsiCo are the leading competitors in the market for cola products. In 1960 Coca-cola...
Coca-cola and PepsiCo are the leading competitors in the market for cola products. In 1960 Coca-cola introduced Sprite, which today is among the worldwide leaders i the lemon-lime soft drink market and ranks in the top 10 among all soft drinks worldwide. Prior to 1999, PepsiCo would continue to earn a $200 million profit, and Coca-cola would continue to earn a $300 million profit. Suppose that by introducing a new lemon-lime soft drink, one of two possible strategies could be...
Coca-Cola and PepsiCo are the leading competitors in the market for cola products. In 1960 Coca-Cola...
Coca-Cola and PepsiCo are the leading competitors in the market for cola products. In 1960 Coca-Cola introduced Sprite, which today is among the worldwide leaders in the lemon-lime soft drink market and ranks in the top 10 among all soft drinks worldwide. Prior to 1999, PepsiCo did not have a product that competed directly against Sprite and had to decide whether to introduce such a soft drink. By not introducing a lemon-lime soft drink, PepsiCo would continue to earn a...
Describe the concept of brand equity. Think of a company (besides NIKE and Coca-Cola) that has...
Describe the concept of brand equity. Think of a company (besides NIKE and Coca-Cola) that has strong brand equity and give examples of why this entity comes to mind
OTHER THAN COCA COLA !! Select a brand and describe the functional, emotional, and symbolic benefits...
OTHER THAN COCA COLA !! Select a brand and describe the functional, emotional, and symbolic benefits that it confers. How is this similar to, yet different from, competing brands?
CASE #1: COCA COLA The Coca-Cola company started 110 years ago as a small, insignificant one...
CASE #1: COCA COLA The Coca-Cola company started 110 years ago as a small, insignificant one man business. Since then, it has grown into one of the largest companies in the world. The first chairman of the company was Dr. John Pemberton and the current chairman is Muhtar Kent. The demand for this product has made this company into a 50 billion dollar business. Coca-Cola was invented by Dr. John Pemberton, an Atlanta pharmacist. He concocted the formula in a...
CASE #1: COCA COLA The Coca-Cola company started 110 years ago as a small, insignificant one...
CASE #1: COCA COLA The Coca-Cola company started 110 years ago as a small, insignificant one man business. Since then, it has grown into one of the largest companies in the world. The first chairman of the company was Dr. John Pemberton and the current chairman is Muhtar Kent. The demand for this product has made this company into a 50 billion dollar business. Coca-Cola was invented by Dr. John Pemberton, an Atlanta pharmacist. He concocted the formula in a...
Choose one of the following products 1, Coca-Cola 2, IPhone What stage in the life cycle...
Choose one of the following products 1, Coca-Cola 2, IPhone What stage in the life cycle is the product? What is the current company strategy and is it appropriate to the stage in the life cycle?
The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in...
The Coca-Cola Company and PepsiCo, Inc. The financial statements of Coca-Cola and PepsiCo are presented in Appendices C and D, respectively. The companies' complete annual reports, including the notes to the financial statements, are available online. Instructions Use the companies' financial information to answer the following questions. (a) What type of income format(s) is used by these two companies? Identify any differences in income statement format between these two companies. (b) What are the gross profits, operating profits, net incomes,...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT