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Glossary
 
Brand Glossary
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Naming

The choosing or creation of a word(s) to identify a brand or product that supports its position. The name may be either associative, descriptive, or abstract.

Needs

Necessity that is required. (e.g., crops in need of water)

Negative Demand

Demand for a brand which consumers dislike. This exists when consumers are prepared to pay more than the price of the product to avoid having to buy it at all.

Network Effect

A system by which the value of a product increases as more products/used are sold and the network of users increases. (e.g., Telephones, e-mail, Social Media)

Niche Market

Adapted to the needs, wishes and expectations of small, precisely defined groups of individuals, niche marketing is not commonly targeted by mainstream providers.

Noise

Any influences external to the sender or receiver, which distort the brand message.

Term:

This is the place where the definition goes.

Nomenclature System

A system outlining naming principles, systematically organized to reflect the relationships among the entities that form the brand offering. (e.g., Ford: Escape, Explorer, Expedition…)

Non-Durable Goods

Any consumer goods that wear out, or are used up quickly. Their short life expectancy accelerates the replacement cycle. (e.g., drugs, apparel, groceries…)

Non-Packaged Goods

A sub-category of consumer non-durables. (e.g., gasoline/petroleum is a non-packaged, non-durable goods.)

Nudge

Any act that attempts to “alter [people’s] behavior in a positive way, without actually requiring anyone to do anything at all.”—professors Richard Thaler and Cass Sunstein.