What is meant by brand extension

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Assignment:

1. Why is it important to think of products as a bundle of benefits? What role psychological benefits play in product positioning and customer-firm relationships?

2. In product management, marketing managers must make 5 types of product decisions. Identify and explain these decisions and explain their importance.

3. Brands are assets. How do we measure their value and identify specific strategies/tactics they can use to enhance their brand value.

4. Define what is meant by brand extension, cobranding and brand licensing. Provide examples of each. Explain why firms use these strategies and what risks they pose for firms.

Reference no: EM133620966

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