Wednesday, 18 November 2020

Task 4: The Brand

 Mission statement- a thing used by companies to explain it's purpose, with its ethics, culture and values.


Brand positioning- is how a brand stands out compared to others, and also how customers view them.

Values and drivers- is essentially what a businesses values are, for example McDonald's values are to offer fast, good food, and their drive is to be the biggest fast food restaurant in the world.

How can an individual, business or organization market themselves?- 
There are many ways, for example;
Creating a website.
Making a brand and logo.
Tell friends and family about your product/business.
Advertise.
Advertise yourself freely on social media.

Blueprints in business- it is a timetable that will show you when certain goals should be hit and sometimes how to achieve them - this relates to customers as some customers may be waiting for a certain new product to come out and you need to make sure you get that said product out in good time. And for marketing, companies often post advertisements stating 'out on (certain date)' so you need to make certain that you can release whatever your product is on that date, if not customers will be upset and also lose faith in your company.

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