Managing Products, Services, and Brands
Last revised October 17, 2007

Chapter Learning Objectives

1.

Explain the product life-cycle concept.

2.

Recognize the importance of branding and alternative branding strategies.

 I. Product life cycles

 A. Introduction 

 

 

B. Growth

 

C. Maturity

 

D. Decline

 

II. Extending the Product Life Cycle

 

A. Line extension

 

B. Product modification

 

 

III. Managing Brands

 

A. What is a brand?

 

 

B. Why is branding so valuable to buyers and sellers?

 

 

 

C. Brand loyalty

 

 

 

D. Brand equity

 

 

E. Keys to building a strong brand