Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Include a perceptual map of the B honey brand versus its key competitors - placing each of these brands on a two - dimensional perceptual

Include a perceptual map of the B honey brand versus its key competitors - placing each of these brands on a two-dimensional perceptual map of key attributes or benefits based on the identified PoPs and PoDs.
Point of Parity
1. Quality: B Honey guarantees the purity of its honey products, ensuring that they are free from additives or preservatives. This is a crucial PoP for the brand, as customers expect high-quality honey products from them.
2. Variety: B Honey offers a vast selection of honey products, including different types of honey, such as their Redgum and Ironbark flavoured honey. This variety gives customers more options to choose from and is a key PoP for the brand.
3. Price: B Honey offers its honey products at reasonable and affordable prices, making it a key PoP for the brand. This allows customers to purchase high-quality honey products without spending too much money.
Point of Difference
1. Sustainability: B Honey is committed to the environment and uses environmentally friendly practices to produce honey products. This dedication to sustainability is a crucial PoD for the brand, as it appeals to environmentally conscious customers.
2. Ethical Practices: B Honey supports responsible beekeeping and local beekeepers to produce its honey products. This focus on ethical practices is another key PoD for the brand as it appeals to customers who value socially responsible businesses.
3. Health Benefits: B Honey highlights the potential health benefits of consuming honey products, such as boosting the immune system and aiding digestion. This emphasis on health benefits is a crucial PoD for the brand as it appeals to health-conscious customers.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To create a perceptual map for B Honey and its competitors well use the two dimensions o... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketing Research

Authors: Carl McDaniel Jr, Roger Gates

10th Edition

9781118808849

More Books

Students also viewed these General Management questions

Question

Explain the differences among business-level strategies.

Answered: 1 week ago

Question

Evaluate each logarithm to four decimal places. log 0.257

Answered: 1 week ago