Check Your Understanding
1. Branding is endowing products and services with the power of a brand.
2.Brand elements are those trademarked devices that serve to identify and differentiate the brand.
3.Positioning is the act of designing the company's offering and image to occupy a distinctive place in the mind of the target market.
4. In a growth-slump-maturity pattern of the product life cycle, sales grow rapidly when the product is first introduced and then fall to a "petrified" level.
5. Firms that serve small markets not being served by larger firms are known as market nichers.
6. A flank attack can ...