1.Which of these best describes the “brand image”? (select only one)
1 point
The strategic design of a differentiated customer value proposition
What people think and feel with respect to a brand
Those valued associations that are unique to a brand and set it apart from the competition
2.Which of these factors foster a perfectly competitive market? (select all that apply)
1 point
Competitors collude to set prices
Low-cost competitors erode profits for others
Competitors offer products that are basically the same
Customers pretty much know everything
3.What are some of the potential benefits of having a strong brand purpose? (select all that apply)
1 point
It differentiates the brand from competitors
It provides customer relevance
It attracts and motivates talent
It maximises shareholder value
4.Which of these were mentioned as being drivers of value creation? (select all that apply)
1 point
Effectiveness
Expectation
Endogeneity
Extendability
Experience
Efficiency
5.The complementary approach discussed in this MOOC urges brands to focus more on which of the following? (select all that apply)
1 point
Experiences
Competitors
Employees
Customers
Consumers
Social media
6.Why does the complementary approach discussed in this MOOC extend beyond marketing and into functional areas such as human resources, operations and finance? (select all that apply)
1 point
These functional areas are internal customers who also experience the brand
The customer journey cuts across business processes
People across the organisation need to deliver on the brand promise
Brand investments come at the expense of investments in other functional areas
7.Which one of these concepts most closely corresponds to ‘brand differentiation’ (select only one)
1 point
Brand image
Brand purpose
Customer value proposition
Competitive advantage
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