Some Notes On Branding
I. INTRODUCTION
• Branding is a plan for earning product reputation and for making sure that the world knows about it and believes in it too.
• “Branding is the process by which companies distinguish their product offerings from the competition. Brands are created by creating a distinctive name, packaging and design.” (Egan & Thomas, 1998)
• 1st Brand name= Bass [beer], because British were the 1st with trademark registration.
• Customers (particularly consumers) view a brand as an important part of a product and branding can add value to a product. A brand can provide a guarantee of reliability and quality, in fact.
Ex. Chanel perfume bottle.
II. BRAND EQUITY
• Brands vary in the amount of power and value they have in the market place. Strong brands have high brand equity. Brand equity is the value of a brand based on the extent to which it has high brand loyalty, name awareness, perceived quality, strong brand associations and other assets such as patents,......
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Approximate Word Count: 1611
Approximate Pages: 7 (250 words per double-spaced page)
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