Advantages of product branding to middleman, Marketing Management

Assignment Help:

Advantages of the middleman:

1.       Easy to understand the needs and wants to consumers: use of the brand makes it very easy for the middleman to understand the needs, wants, preferences and requirements of the consumers because the consumers ask a particular brand. Even if the consumers do not ask for the products of a particular brand, the seller can see all the products of a famous brand easily.

2.       Less risk: as the demand for the products of a famous brand already exists in the market, the middlemen have no risk in keeping the products of those brands. In addition to it, the prices of products of the famous brand do not fluctuate very frequently. It also reduces the risk of middleman.

3.       No need of advertisement and sales promotion: as the demand for the products is already exists in the market and the customers know these products by name, there is no need for the middle man to advertise such products because the producers of these products themselves spend heavy amount on the advertisement and sales promotion.

4.       Increase in sales: middle man can easily increase their sales, if the deal in the products of famous brand because the brand for such products already exists.

5.       Increase in profits: as the sales of the products of famous brands are high, profits of the middle man also increase substantially.

6.       Increase in goodwill: if a middle man deals in the products of a famous brand it increases his goodwill.


Related Discussions:- Advantages of product branding to middleman

Advantage of the direct marketing, Advantage of the direct marketing: ...

Advantage of the direct marketing: 1.       Focued approach: it is possible to identify a very specifc target using direct marketing techniques. This makes it a very useful

Forms of product or service promotion, Forms of Consumer Promotion: 1 ...

Forms of Consumer Promotion: 1 free distribution of samples: it involves free distribution of samples to ultimate consumers. The samples may be distributed door to door or ma

Buying motives, Buying motives: motive is thus urge that moves or promote ...

Buying motives: motive is thus urge that moves or promote a person to some action. Motive is an effectual desire one to a definite action. Customers purchase any goods as a result

Personal Selling, when it comes to selling, personal selling is vital. most...

when it comes to selling, personal selling is vital. most sales people fail due to lack of customer knowledge and proper preparation before

Create a graph of widget sales, Q1 Create a graph of widget sales on the t...

Q1 Create a graph of widget sales on the tab "Q1-Graph" and characterize the time series.  That is, does the time series appear to include the effects of ( 1 ) cyclicality, ( 1 )

Define the political and legal environment, Define the Political and Legal ...

Define the Political and Legal Environment. Political and Legal Environment: Political and Legal Environment Laws, pressure groups and government agencies which influence

Describe the advantage of direct marketing, Question 1: Describe why th...

Question 1: Describe why the three segments of the very young, the working women and the elders need different advertising strategies now. Introduction Seven Sub cla

Describe the functions of channel of distributions, Describe the functions ...

Describe the functions of channel of distributions Principally a channel of distribution performs the below functions: (a) It helps in establishing a regular contact with cu

Evaluate the effectiveness of goodwill advertisement, Q. Evaluate the effec...

Q. Evaluate the effectiveness of goodwill Advertisement ? Goodwill ads are issued to develop the image of the organization in the long run. The intention of these ads is to imp

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd