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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.