Task: Brand building is a crucial exercise that often takes years to accomplish. The benefit of brand equity is realized in the bottom line.
PART 1: Primary Research and Text Application
Find a consumer who is extremely loyal to a brand-name product. The person can be a family member, friend, classmate, or other. Probe him or her for information as to why that brand loyalty exists. Discuss how the individual feels about competitive brands.
Analyze the interview using the brand equity and brand positioning concepts from your text.
PART 2: Secondary Research in the Databases
Next, research the brand using its Web site and articles from the library's full-text databases to address how the brand does the following:
- Identifies market segments and targets
- Developed its brand equity over time
- Positions itself in the market