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Choose a brand you are familiar with and address the following: Describe the brand and its portfolio. Identify which product is in focus for this
Choose a brand you are familiar with and address the following:
- Describe the brand and its portfolio. Identify which product is in focus for this (choose one).
- Identify and justify its current target market/customer (There may be several but choose the key target market for the selected product).
- Discuss the brand's current situation in its market/society - brand perception.
- How is the brand currently positioned? - brand positioning.
- Identify its key competitors (maximum 2).
- Research trends (maximum 2) that can affect this product and discuss how a brand manager can utilise these trends to strengthen the brands' position in the market (added value for sustainability).
Purpose
- Examine a brand in terms of its elements;
- Identifying a brands position in the market through market and brand components;
- Research consumer trends and demonstrate how they can affect a brand.
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