PBM - INDIVIDUAL QUIZ

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Across
  1. 7. The ability of a company to keep its customers over a specified period.
  2. 8. A two-dimensional visual mapping tool used to compare brands based on attributes like price and quality.
  3. 9. The official release of a new product into the marketplace.
  4. 11. A semi-fictional representation of your ideal customer based on data and research.
  5. 13. A visual, high-level blueprint that communicates the strategic direction and timeline of a product.
  6. 15. A highly specialized, narrow market segment that focuses on a specific demographic or need.
  7. 17. The full umbrella of all products, lines, and brands offered by a single company.
  8. 18. A unique alphanumeric code used by retailers to identify and track inventory of a specific product (abbr.).
  9. 22. There are 5 of these consumers use to respond to any form of Brand Communication
  10. 24. Media and materials used to support the marketing and sales of a product (e.g., brochures, sell sheets).
  11. 25. A strategy used to turn around a declining brand and bring it back to relevance.
  12. 27. Dividing a broad consumer or business market into sub-groups based on shared characteristics.
  13. 29. A customer who is so passionate about a product that they actively promote it via word-of-mouth.
  14. 30. A pricing strategy where a brand charges more than competitors due to high perceived value or status.
  15. 31. A blank space or unserved market segment where a brand finds a new opportunity for innovation (2 words).
Down
  1. 1. The speed at which a product sells off the retail shelf once it is distributed.
  2. 2. The commercial value derived from consumer perception of the brand name, rather than the product itself.
  3. 3. The classic lifecycle stages: Innovators, Early _____, Early Majority, Late Majority, Laggards.
  4. 4. A basic good or service that is easily interchangeable with others of the same type, forcing competition solely on price.
  5. 5. An advantage over rivals gained by offering consumers greater value, either through lower prices or greater benefits.
  6. 6. The visible elements of a brand, such as color, design, and logo, that identify and distinguish it.
  7. 10. The percentage of customers who stop using a product during a specific timeframe.
  8. 12. The process of distinguishing a product or service from others to make it more attractive to a target market.
  9. 14. A marketer's vision of what the brand must be and do for consumers.
  10. 16. A deep, accurate understanding of human behavior that can be used to drive product strategy or creative campaigns.
  11. 17. How a brand assigns value and differentiates itself in the target consumer's mind.
  12. 19. The physical or functional characteristics of a product (e.g., color, speed, size).
  13. 20. The extent to which consumers are familiar with the qualities or image of a particular brand.
  14. 21. An architecture strategy where the corporate entity owns a portfolio of completely independent brands (e.g., P&G) (_____ of Brands).
  15. 23. Any point of interaction between a buyer and a seller (e.g., website, ad, customer service).
  16. 26. Deeply held commitment to rebuy or repatronize a preferred product consistently in the future.
  17. 28. A thorough evaluation of a brand's current position in the market compared to its competitors.