Brand
A brand is name, term, symbol, sign or design that identifies one sellers good or service as distinct from those of other sellers.
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Brand Mark
The element of a brand, such as a symbol, sign or design, that is not made up of words
Brand Name
The part of a brand that can be spoken -including letters, words, and numbers
Branding
Advantages to buyers:
Advantages to sellers:
Desirable qualities for a brand name include: 1. It should suggest products benefits and qualities 2. It should be easy to pronounce, recognize, and remember 3. It should be distinctive 4. It should be extendable 5. It should translate easily into foreign languages 6. It should be capable of registration and legal protection
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Brand Sponsorship
Manufacturers Brands
Co-Branding
Four Options
Private Brands
Licensed Brands
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Co-Branding
Co-Branding : The practice of using the established brand names of two different companies in the same product. Ex. HeroHonda,Maruti-Suzuki Branding Assists consumers memory Establishes preferences, habits and loyalty Brand positioning strengthens by brand names, slogans, graphics and characters
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Branding Strategies
Line
extension : Existing brand names extended to new forms, sizes, & flavour of existing product category. Ex. Fair & Lovely Brand extension: Existing brand name extended to new product category. Ex. Archies
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Branding Strategies
Multibranding
: New brand name introduced in the same product category. Ex. Tide , Airel
New
Brands : New brand names in new product category.Ex. Tanisq, Westside, Indian hotels, Voltas, Titan
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Packaging
The activities of designing and producing the container or wrapper for a product.
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Purposes of Packaging
Brand identification POP (point of purchase)advertising Facilitate product transport At-home storage Task assistance
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