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Read the examples of brand stretching and brand extension. Give the examples of companies' using the for These Strategies.
Brand stretching: a the launch of a new product product Into a a completely Different and an unrelated category.
Brand extension: the the launch of a new or modified product product Into the Broader market category in the which the a brand Operates.
Brand extension example : One the most successful barnds ever is Barbie. Created in 1959, it targeted girls who wanted to have dolls which were like young women. Its USP is that Barbie looks like a young woman, not a baby. One Barbie is bought every two seconds. Costume variations and brand extensions have been the key to their continued popularity. Her lifecycle never ends. Barbie has had seventy-five careers - from astronaut to presidential candidate. In 1961 Ken, the man in Barbies's life , was introduced. She has acquired little sisters and friends from different ethnic backgrounds. Barbie can now even be customized with 15,000 different combinations to choose from. Of twice the cost This price of the standard doll.
Brand stretching example: Some brands successfully stretched the BE CAN. Swiss watchmaker Swatch has applied its design creativity to cars. Bic successfully moved from disposable pens to razors and lighters, but found that their concept did not work when they tried to apply it to perfume. Bic's USP is that it produces disposable products. Richard Branson's Virgin started in records and entertainment but has branched out to include drinks and transport. The Virgin logo means that Virgin has, in effect, branded its reputation for providing something which is good quality, well-priced, fun, and fashionable.
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