Professional Documents
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BRANDING
Branding involves giving a product a name, a sign, symbol, design or any feature
that allows Consumers to instantly recognize the product and differentiate 11 to
the competitors.
Branding helps organizations to create customer loyalty to devo.
top an image and to change premium prices for a strong brand.
Different Methods of promotion used by different organizations depending on the
nature of the market segment, the business is catering to.
For example: Mass Media can be used to promote in mass markets.
Exclusive promotional channel’s could be used to promote products in niche
market. Sponsorships might be used in market
Where image or product positioning is important. (Rolex watches,
sponsors Gulf tournaments around the world) This show the prestigious
and sophisticated image associated with Rolex.
In some market segments product trials are important. This is
where people are encouraged to try a product for a trial period
al a reduced late before fully committing to it (subscription
pricing)
In some market segment price discounts and special offer Are common. This can
be another promotion technique