Strategic Marketing Management Assignment
Brands and Brand Equity
Part 2 of HW 1
Quiz
Q1. Brands serve which following purpose?
They are a means of achieving emotional engagement with consumers.
They are markers to express social identities.
They are a means of differentiating products from one another.
All of the answers are correct.
Q2. A customer is shopping for spices in a US supermarket.
She pauses as she compares the Goya brand of cinnamon to the McCormick brand. She opts for the McCormick cinnamon, judging it to be of better quality. This instinctual bias is known as:
Brand resonance.
Brand loyalty.
The provenance paradox.
The corona effect.
Q3. Subaru car owners are renowned for their repeat buying and brand loyalty.
What type of connection would Keller conclude that the customer has achieved with the brand?
Salience
Resonance
Enlightenment
Performance
Q4. Interbrand, BrandZ, and Brand Finance all use qualitative and quantitative measurements to calculate brand value.
Interbrand’s model is differentiated from others by its:
Reliance on financial information
Use of market research
Ability to compare brands
Consideration of the impact of the brand on employees
Higher brand valuations
Q5. Most executives agree that brand strategies must be engineered across the entire marketing mix and throughout the life cycle of a product.
Which of the following is NOT a component of that marketing mix?
(A) Pricing
(B) Market research
(C) Production
(D) Innovation
Q6. Which of the following can be considered a weakness of a branded-house strategy?
The inability to target a diverse customer base
Limited product expansion opportunities
Vulnerability should one product’s reputation become tarnished
All of the answers are correct.
Q7. Which of the following best describes brand promise?
The differentiation of a product relative to its closest competitors
What a company wants a consumer to do/gain/feel by using the product
The set of human characteristics associated with a brand
The underlying value proposition conveyed and the marketing language used
Q8. Successful business-to-business (B2B) branding strategy should reflect which of the following considerations?
Facts and proof points
Additional costs of training, implementation, and support
Increased scrutiny of return on investment (ROI) of purchasing decisions
All of the answers are correct.
Q9. True or false: A brand consists of a logo, brand name, symbol, or tagline.
True
False
Q10. True or false: Brand equity can be positive or negative.
True
False