Professional Documents
Culture Documents
Entrepreneurship
Quarter 3 – Week 8
Development Team
Writers
ROMER ELUMBA, T-I
ROSE ANN B. FLORENCIO, SST-I
Editors/Reviewers
PAULO C. MOJOS, T-II
REYNALDO C. CAÑEZO JR., MT-I
DIOLETA B. BORAIS, EPS 1 MATHEMATICS
Republic of the Philippines
Department of Education
Region V – Bicol
SCHOOLS DIVISION OFFICE OF TABACO CITY
Learning Activity
Brand Name is a name, symbol, or other feature that distinguishes a seller's goods or services in the
marketplace. Your brand is one of your greatest assets because your brand is your customers' over-all
experience of your business.
Brand strategy is a long-term design for the development of a popular brand in order to achieve the
goals and objectives. A well-defined brand strategy shakes all parts of a business and is directly linked to
customer needs, wants, emotions, and competitive surroundings.
Branding is a powerful and sustainable high-level marketing strategy used to create or influence a brand.
Branding as a strategy to distinguish products and companies and to build economic value to both customers
and to brand owners, are described by Pickton and Broderick in 2001.
BRANDING STRATEGIES
1. Umbrella Brand Approach
➢ all products of the business
carry the same brand
name
➢ the various product lines
are not differentiated from
each other from the
perspective of the brand
name.
The level of perception or reaction of the consumers to a brand is called as Brand Equity. When the
brand has HIGH level of brand equity, this is the time that the business tries to do some brand extensions.
For example, General Electronic Company (GE) provides one brand name to all its products
under different categories such as refrigerators, freezers, ovens, air conditioners, industrial products and
others.
4
Practice Exercises
Activity #1: Developing My Own Brand
Think of the business you are going to venture. After it, write down three possible brand names that you want to
use for your future products. Lastly, write the branding strategy you plan to apply while deciding for your final
brand name.
Activity #2: Create your own products’ brand name by answering the different questions given below.
A. Please refer to the three brand names you have given in the Activity #2 to answer the following:
1. Which is the most unique or distinct from the other?
_____________________________________________________________________________
2. Which is extendable?
_____________________________________________________________________________
3. Which is easy to pronounce?
_____________________________________________________________________________
4. Which gives an idea about the product’s qualities and benefits?
_____________________________________________________________________________
5. Which suggest products’/services’ category?
_____________________________________________________________________________
B. Which brand name has the most answer in the above questions?
_____________________________________________________________________________
_____________________________________________________________________________
D. What Branding Strategy are you going to utilize to finally influence consumers’ buying behavior?
Why? Explain in three sentences.
_____________________________________________________________________________
_____________________________________________________________________________
References:
1. Aduana, N. (2016). Entrepreneurship in Philippine Setting. Quezon City, Philippines: C & E Publishing
Inc.
2. Brand Name-Definition, Features and Considerations behind naming a Brand. Retrieved from
https://www.managementstudyguide.com on July 08, 2020.