Description of the current brand Assignment Example | Topics and Well Written Essays - 250 words

Description of the current brand - Assignment ExampleSecond, its iconic Cadillac supplys for the high-end trade (General Motors 1). Thirdly, Chevrolet, GMC and Opel cater for the middle class market segment (General Motors 1). The multiple brands enable the organization to increase its product offering, a key source of competitive advantage in the motor industry. In addition, it enables it to compete in different parts of the world due to differences in consumer needs.In addition, the organization has sub-brands. For example, the organization has separated Cadillac from the other trading operations due to its huge potential and its baron to operate as a standalone unit (The Daily Herald). The essence of having a sub brand is that it enables the organization to stress on a niche market that it would otherwise have been unable to. Furthermore, its Chevy brand is doing well in the American market. As a result, it has the ability to operate as a sub brand.In conclusion, the motor v ehicle industry is a heavily segmented market. Consumers have different utility needs and different levels of purchasing power. Consequently, manufacturers such as General Motors have embraced a product differentiation strategy that enables them to have multiple brands to satisfy the different market needs. In addition, it has sub-brands to cater for niche market