Chapter 11 – Product, Branding, and Package Decisions Marketing 6th
Brand equity summarizes the value that a brand adds or subtracts from the offering’s value. It comprises
brand awareness, or how many consumers in the market are familiar with the brand; brand associations,
LO11-6 Determine the various types of branding strategies used by firms.
Firms use a variety of strategies to manage their brands. First, they decide whether to offer manufacturer
LO11-7 Distinguish between brand extension and line extension.
LO11-8 Indicate the advantages of a product’s packaging and labeling strategy.
Similar to brands, packaging and labels help sell the product and facilitate its use. The primary package
Extended Chapter Outline with Teaching Tips
I Complexity and Types of Products
A Complexity of Products
B Types of Products
1. Specialty Products/Services
2. Shopping Products/Services
3. Convenience Products/Services
4. Unsought Products/Services
Progress Check: Several questions are offered for students to check their understanding of core
concepts.
1. Explain the three components of a product.
2. What are the four types of consumer products?
II Product Mix and Product Line Decisions
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