c) Do you agree that advertisers can be rewarded by embracing these technologies and the cord
cutters?
32) Hershey created a line of upscale chocolates called “Cacao Reserve by Hershey’s.” The company
created fancy packaging, priced the product at the high end, and did little mass marketing for its new
product. Initial sales were disappointingly slow even though the premium chocolate market is
growing nicely, with brands like Ghirardelli faring well. As a consequence, Hershey almost
immediately (within six months) dropped its prices and started mass advertising. The product
ultimately flopped and was discontinued. Using concepts in this chapter, why do you think Hershey
failed in its move into the premium chocolate market? Do you think the adjustments were the most
appropriate, or could Hershey have taken other steps?
Cacao Reserve by Hershey’s is an example of a brand extension. The problem here is “perceived
33) Pick three brand names that utilize a morphemic approach and three that utilize a phonetic
approach. Are the morphemes and phonetics consistent with the overall position of these brands?
Examples of morphemic approaches include NutraSweet, OfficeMax, and Kleenex.
34) Develop a brand name for (a) a voice-activated wireless speaker, (b) a sports apparel store, (c) an
Internet grocery shopping service, (d) a mobile app, or (e) a pet walking service. Justify your
name.
This is an enjoyable classroom project when individual students or groups are assigned one of the
product categories. The name should consider the key benefits of the product and how you want
35) Develop a logo for (a) a voice-activated wireless speaker, (b) a sports apparel store, (c) an Internet
grocery shopping service, (d) a mobile app, or (e) a pet walking service. Justify your design.
This is a very enjoyable classroom project when individual students or small groups are assigned
one of the product categories. The logo should take into account the key benefits of the product