Products – Goods and/or Services – Branding – Packaging

Products – Goods and/or Services – Branding – Packaging

Branding

  • A brand name is a way of distinguishing a product from its competitors
  • Branding strategies include: generic brand (e.g. no frills), individual brand (each major product has its own name e.g. Unilever- dove, lux etc.)

Packaging

  • The way a product is physically presented to customers
  • Often the first image of a product consumers see.
  • The image should be positive and effective while aiming to protect and maintain quality.
  • Should offer a reason to purchase product, this may be: nutritional info, benefits, feature, design & colour. Relevant to sales – willingness to assist

Extract from Business Studies Stage 6 Syllabus. © 2010 Board of Studies NSW.