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

Discuss about the term http, Discuss about the term http. Http: ...

Discuss about the term http. Http: Http is stands for Hyper Text Transfer Protocol, The WWW protocol which performs the request and retrieves functions of a server. Gene

Explain building-block approach to network design, Question: a) Describ...

Question: a) Describe four issues that are usually addressed in the Needs Analysis phase in the building-block approach to network design. b) Sketch a typical hybrid star

Organisation of ad-agency on group basis, Q. Organisation of Ad-Agency on G...

Q. Organisation of Ad-Agency on Group Basis? For effective supervision of a variety of advertising departments and there functions different advertising departments are classif

Market strategy, Customers in this market could be segmented in a variety o...

Customers in this market could be segmented in a variety of ways.  The product/service could be targeted to a number of different market segments and marketers could develop a vari

Model of the buyer behaviour, Model of the buyer behaviour: The straigh...

Model of the buyer behaviour: The straight point for understanding buyer behaviour is also vital in the marketing is a simultaneous response model shown in the figure below. Ma

Describe the tourism business system, Problem 1: (a) Describe the touri...

Problem 1: (a) Describe the tourism business system? (b) ‘The feasibility of the tourism sector depends primarily on the air access strategy'. Show the importance of the

What is the role of remote login considerably, What is the role of Remote L...

What is the role of Remote Login considerably? Remote Login: A login, which permits a user terminal to links to a host computer through a network or direct telecommunicat

Consumer surplus, Initially supply falls as goods may be destroyed. As the ...

Initially supply falls as goods may be destroyed. As the disaster strikes, the demand also rises in anticipation of more supply disruptions as people want to 'stock up' on the good

Production scheduling system, Create a context and Level 0 diagram for a Cl...

Create a context and Level 0 diagram for a Clothing store production scheduling system. The purpose of the production scheduling system is to respond to the Production order(sub

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