Entrepreneurship 20, 30
Analyze marketing strategies for managing a brand.
Indicators for this outcome
| (a) | Differentiate between brand identity and brand image. |
| (b) | Identify examples of brand names, logos or trademarks, and slogans that contribute to brand identity for a variety of businesses. |
| (c) | Investigate the brand image presented by successful companies. |
| (d) | Discuss the purposes of marketing (e.g., selling what a business offers and managing a brand). |
| (e) | Assess the importance of identifying competitors in the marketplace. |
| (f) | Differentiate between direct and indirect competitors. |
| (g) | Define the term competitive intelligence. |
| (h) | Summarize the types of competitor information (e.g., pricing, marketing strategies and market share) that is useful to collect and analyze. |
| (i) | Propose strategies (e.g., posing as a customer, visiting the competitor’s website and reviewing advertisements) for gathering competitive intelligence. |
| (j) | Examine the importance of knowing one’s customers and target market. |
| (k) | Categorize types of customer information (e.g., demographics [e.g., age, gender, income, ethnicity and culture] and psychographic [e.g., attitudes, values and lifestyle]) that is useful to gather and analyze. |
| (l) | Explain the value of a unique selling proposition. |
| (m) | Identify the unique selling propositions presented by several local or other businesses or brands. |
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