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Compare And Contrast Johnson And Walgreens

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As Stephen King ‘s (1973) quote goes, “A product is something that is made in a factory; a brand is something bought by a customer.” My interpretation for the quote is products are commodities products as the final result of the manufacturing process, while brands are a harmonious combination of commodities and a series of emotional connections with customers. In johnson & johnson’s baby powder, the ingredients are talc and fragrance, while Walgreens’ baby power is made of talc and fragrance as well. However, the former price is $2 higher than the later. That’s the price customers paid for brand. As Fombrun and van Riel (2004) have proved, favourable reputations of brands bring higher financial returns. Accordingly, perceptions of trust, memories, …show more content…

For example, the beloved story of Sherlock Holmes has become a brand and evolve with times. The reason why the same story remains attractive and glamourous after being told thousands of times over is because each person tells it in a little different way, which offering a new spin on the same story as time goes. McDonald’s, founded in 1940, sells almost the same products today as they were a hundred years ago. The longevity of the company implies the importance of constantly adapting to the ever-changing audience. The streamlined menus in McDonald’s are undergone constantly changes with times and locations. When McDonald’s has recognized that consumers are becoming increasingly more health conscious, they made changes to their marketing, brand, and products that reflected their audience’s changing interests. In 1987, fresh salads were introduced to the menu, and today there are even more healthy options such as apple slices, Halo oranges, and more. To satisfy the needs of customers in the world, they redesign their menus and make it specific to each country's cuisines. McDonald's India offers many vegetarian items, from the McVeggie to the Veg Pizza McPuff. McDonald's France has a attractivedessert menu that includes macaroons and cheesecake. (Business Insider,

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