From the very beginning of automobile industry, product and branding strategies are considered as one of the major functions performed by the manufacturers. What is interesting that, with the passage of time, its importance is increasing significantly. Even though the voyage of automobile commenced in 1335 by Guido da Vigevano, in true sense there was not any considerable development until 1885, when Karl Benz invented the first practical automobile. Since then the automobile industry has gone a long way consisting of a number of renowned companies.
In this industry, the core product is transportation and communication facility backed by actual and augmented product. Product line decision involves Line stretching and …show more content…
Origin of the Report:
As per for the successful completion of course F-204, (Principles of Marketing), we are required to prepare a report on a related topic. It is from this inspiration and according to our instructor, Shabnaz Amin; we started to prepare our report on “Product & Branding Strategies”. For this purpose, we chose the world Automobile Industry. This is a very lucrative topic to learn about the real business life and we found the topic very informative and appealing.
Objectives of the Report:
The main focus of this report will be on analyzing the product and branding strategies of Automobile Companies. The aim of the report is to give a general overview of development of automobile industry and the multidimensional strategies related to product and branding taken by the companies in this sector.
Our objective is to provide a formal report on the theoretical knowledge learned in the class on real business life perspective.
Our distinct objectives are: * To find out the nature of product. * To analyse the various product & branding strategies. * To learn about the practical implementation of theoretical strategies. * To