Question 2 / 200:  According to your Launch! textbook, "…a branding strategy creates a clear picture of the values your product or service represents." Coca-Cola is a strong American brand that creates value to the consumer by providing a lifestyle product. Yet, when Coca-Cola introduced New Coke in 1985, it was a colossal failure. The product was removed from the shelves within 3 months. What significant strategic mistake did the Coca-Cola company make?
A  The company did not change the product's packaging to match the new product's image.
B  The new brand was too similar to Pepsi's products.
C  The company did not understand the relationship consumers had with the product and what the
brand meant to consumers.
D  The company's new advertising campaign did not effectively communicate the new product's attributes.
E  The company was unable to obtain enough shelf space in stores. Retailers did not want to remove
the very profitable original Coke product.
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Advertising & Promotion BUS210

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Attribution:  Charles Jumper and Melinda Salzer. Advertising & Promotion (The Saylor Academy 2014), http://www.saylor.org/courses/bus306/
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