Exam 10: Crafting the Brand Positioning

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________ are defined as companies that satisfy the same customer need.

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Associations that make up points-of-difference are based exclusively on product features.

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How does a loyal brand community support the positioning and branding of a small business? Provide an example to support your explanation.

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Which of the following criteria relates to consumers seeing the brand association as personally relevant to them?

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Category membership is seen as the products which function as close substitutes of a brand.

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Randall Ringer and Michael Thibodeau see narrative branding as based on deep metaphors that connect to people's memories,associations,and stories.Briefly describe their framework for a brand story.

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The industry concept of competition reveals a broader set of actual and potential competitors than competition defined in just the market concept.

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Belling is a chain of coffee shops.Give an example of a category point-of-parity and a competitive point-of-parity for the company.

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Small businesses must focus on building one or two strong brands based on one or two key associations.

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Straddle positioning refers to a brand using different positioning with different categories of competitors.

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