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Branding & Packaging Decisions

Brand

Creating, maintaining, protecting, and enhancing products and services.

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:

Product identification Product quality


Basis for products quality story Provides legal protection Helps to segment markets

Advantages to sellers:

Major Brand Strategy Decisions

Brand Name Selection

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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Why Change Product Packaging


Product doesnt stand out Update product look Change consumer perceptions Increase ease of use On a small promo budget, may be most effective way to increase sales

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