Product Vocabulary

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Across
  1. 2. A tangible physical item
  2. 5. Items with unique characteristics that buyers are willing to expend considerable effort to obtain
  3. 7. The degree of brand loyalty in which a customer strongly prefers a specific brand and will accept no substitute
  4. 9. Using similar packaging for all of a firm’s products or packaging that has one common design element
  5. 11. Providing identifying, promotional, or other information on package labels
  6. 15. The full legal name of an organization
  7. 16. The initial stage of a product’s life cycle; its first appearance in the marketplace, when sales start at zero and profits are negative
  8. 19. A concept, philosophy, image or issue
  9. 20. Products bought to use in a firm’s operations, to resell, or to make other products
  10. 23. The total group of products a company offers
  11. 25. A legal designation of exclusive use of a brand
  12. 27. products Inexpensive, frequently purchased
  13. 28. A group of products that are closely related
  14. 29. An agreement whereby a company permits another organization to use its brand on other products for a licensing fee
  15. 32. The four stage life cycle of a product
  16. 33. An intangible result of the application of human and mechanical efforts to people or objects
  17. 34. An instance of using an established brand name or trademark on a new product to increase sales
  18. 35. The part of a brand that can be spoken, including letters, words and numbers
Down
  1. 1. The last adopters who distrust new products
  2. 2. The product life-cycle stage when sales rise rapidly, profits reach a peak, and then they start to decline
  3. 3. The marketing and financial value associated with a brand’s strength in a market
  4. 4. The number of product lines in a company
  5. 6. Solves a sudden problem, emergency medical kit, car repairs
  6. 8. Products purchased to satisfy personal and family needs
  7. 9. Marketing strategy that collectively promotes a family of products and services by focusing on promoting the parent brand name
  8. 10. The stage of a product’s life cycle when the sales curve peaks and starts to decline, and profits continue to fall
  9. 12. The practice of using a different brand name for each of a company’s products
  10. 13. The five-stage process of buyer acceptance of a product: awareness, interest, evaluation, trial, and adoption
  11. 14. the marketing of a product or service under two or more brand names
  12. 17. The degree of brand loyalty in which a customer prefers one brand over competitive offerings
  13. 18. A customer’s favorable attitude toward a specific brand
  14. 21. Expensive, thought out purchase
  15. 22. Specific version of a product that is distinct
  16. 24. The stage of a product’s life cycle when sales fall rapidly
  17. 26. The number of product items/variation within each product line
  18. 30. a logo/symbol associated with the brand
  19. 31. The degree of brand loyalty in which a customer is aware that a brand exists and views the brand as an alternative purchase if their preferred brand is unavailable