Brand Gap
The difference between a brand's desired perception and the actual perception held by consumers.
The difference between a brand's desired perception and the actual perception held by consumers.
The commitment a brand makes to its customers about the quality and experience they can expect.
Zero Moment of Truth (ZMOT) is a concept in marketing that refers to the point in the buying cycle when the consumer researches a product before the seller even knows they exist.
The perception of a brand in the minds of consumers, shaped by interactions and experiences with the brand.
The process of defining how a product is perceived in the minds of consumers, relative to competing products, to create a unique market identity.
An economic theory that explains why some necessities, such as water, are less expensive than non-essentials, like diamonds, despite their greater utility.
A cognitive bias where individuals evaluate outcomes relative to a reference point rather than on an absolute scale.
A marketing concept that describes brands that inspire loyalty beyond reason, creating an emotional connection with consumers.
The application of neuroscience principles to marketing, aiming to understand consumer behavior and improve marketing strategies.