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One important objective of marketing communications is to develop a strong, unique brand identity that allows the brand to be positioned separately from its competition. Marketing mix is the most important part of marketing strategy, which is "the framework to manage marketing and incorporate it within a business context [ 6 ] ".
Unlike brand recognition, brand recall (also known as unaided brand recall or spontaneous brand recall) is the ability of the customer retrieving the brand correctly from memory. [11] Rather than being given a choice of multiple brands to satisfy a need, consumers are faced with a need first, and then must recall a brand from their memory to ...
Platforms like Facebook, Twitter, Instagram, personal blogs, are used to build and maintain a brand consistency across all mediums, which ensures effective brand management. [16] Establishing a target audience and focusing on an area of specialization helps maintain and preserve the brand.
According to the iceberg model, 80% of the impact is hidden. The level of impact of changing a brand depends on the degree to which the brand is changed. There are several elements of a brand that can be changed in a rebranding these include the name, the logo, the legal name, and the corporate identity (including visual identity and verbal ...
Brand awareness is the extent to which customers are able to recall or recognize a brand under different conditions. [1] Brand awareness is one of two dimensions from brand knowledge, an associative network memory model. [2] It is a key consideration in consumer behavior, advertising management, and brand management. The consumer's ability to ...
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Branding, a key aspect of the product management, refers to the various methods of communicating a brand identity for the product, brand, or company. [60] Pricing This refers to the process of setting a price for a product, including discounts. The price need not be monetary; it can simply be what is exchanged for the product or services, e.g ...