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August 23, 2009 04:27 AM
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Of course brand positioning allows companies to charge more for a product. Look at companies like Gucci that can charge more for a watch simply by putting a letter G on it, or Apple can charge more for a notebook computer, or any major consumer product company can up the price of a product. There are many people who recognize a brand and pay more for it.
People will pay more for a bottle of water that says Fiji on it, than a bottle of water that says Evian, simply because they believe the brand is superior. People will pay more for a BMW or a Mercedes than an Infiniti, simply because companies position the brand. Some people ignore a brand, but there are always going to be people who buy for the brand, love the status of a product, and they will be sold by a brand.
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Does brand positioning allow companies to charge more for their products?
Do customers recognize brand and pay more for the brand product?
Are more customers ignoring brand and comparing features?
Are more customers ignoring brand and comparing features?
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| August 23, 2009 05:17 AM |
People will pay more for a bottle of water that says Fiji on it, than a bottle of water that says Evian, simply because they believe the brand is superior. People will pay more for a BMW or a Mercedes than an Infiniti, simply because companies position the brand. Some people ignore a brand, but there are always going to be people who buy for the brand, love the status of a product, and they will be sold by a brand.
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