Brands Seek Rio Gold In New Advertising Playing Field
The American Marketing Association (AMA) defines a brand as a name, term, design, image, or any other characteristic that identifies one seller’s good or service as distinct from those of other sellers.” Branding is also a solution to construct an excellent status and instill the ‘halo effect’ amongst target market when an organization markets their varied products below the same brand identify.
An aggressive different for a business with a strong share place and a sustainable competitive advantage in a declining product market is to invest enough to extend its share position and establish itself as the industry chief for the rest of the market’s decline. This type of technique makes most sense when the firm expects a gradual decline in market demand or when substantial pockets of continuing demand are probably well into the future. It can be a sexy technique when a agency’s declining enterprise is intently intertwined …