Branding is defined as a name, symbol or design that identifies a product or service and differentiates it from competitors. The document discusses the significance of branding for both producers and customers. For producers, branding provides promotional advantages, aids in identification and market segmentation, and allows for product mix advantages and price discrimination. For customers, branding makes products easy to identify, assures quality, guarantees price, offers packing benefits, and leads to overall satisfaction. The document also notes important considerations for selecting an effective brand name, such as suggesting product benefits, being pronounceable, distinctive, translatable, and legally protectable.
Branding is defined as a name, symbol or design that identifies a product or service and differentiates it from competitors. The document discusses the significance of branding for both producers and customers. For producers, branding provides promotional advantages, aids in identification and market segmentation, and allows for product mix advantages and price discrimination. For customers, branding makes products easy to identify, assures quality, guarantees price, offers packing benefits, and leads to overall satisfaction. The document also notes important considerations for selecting an effective brand name, such as suggesting product benefits, being pronounceable, distinctive, translatable, and legally protectable.
Branding is defined as a name, symbol or design that identifies a product or service and differentiates it from competitors. The document discusses the significance of branding for both producers and customers. For producers, branding provides promotional advantages, aids in identification and market segmentation, and allows for product mix advantages and price discrimination. For customers, branding makes products easy to identify, assures quality, guarantees price, offers packing benefits, and leads to overall satisfaction. The document also notes important considerations for selecting an effective brand name, such as suggesting product benefits, being pronounceable, distinctive, translatable, and legally protectable.
Bikash Kumar Sahoo What is branding? A brand is defined as a "name, term, sign symbol (or a combination of these) that identifies the maker or seller of the product.” A set of offering offered by a known company. Branding is the art of aligning what you want people to think about your company BRAND AS A CONCEPT SIGNIFICANCE OF A BRAND (PRODUCER) Promotional advantage Identification Market segmentation Product mix advantage Price discrimination Promotional Advantage Identification Market segmentation Price discrimination SIGNIFICANCE OF BRAND TO CUSTOMER Easy to identify Quality assurance Price guarantee Packing benefit Overall satisfaction BRAND NAME SELECTION Should suggest about product benefit Easy to pronounce Distinctive Easy to translate in other languages Capable for registration legal protection Other issues THANK YOU
Brand Your Business like a Pro: Branding Strategy & Inspiration for Entrepreneurs. the Branding Guide Toolkit for Powerful, Results-driven Branding That Means Business& Impressive Results Every Time!