Branding Is The Art and Cornerstone of Marketing.
Branding Is The Art and Cornerstone of Marketing.
Branding Is The Art and Cornerstone of Marketing.
“Branding is the
art and
cornerstone
of marketing.”
Branding
• Brand is a name, term, sign, symbol, or
design or a combination of them intended
to identify the goods or services of one
seller or group of sellers and to differentiate
them from those of competitors.
Ex:
Brand Equity
Brands vary in the amount of power and value they have in
the market place.
3. Use of Acronyms
Ex: Amul is the common brand name for the company’s milk
powder, butter, ghee and chocolates
Videocon is a family brand name for a variety of products of
Videocon Corporation. Its TVs, VCRs, refrigerators,
washing machines and air conditioners go under the
same name.
Johnson & Johnson sells many of its baby care products
under the Johnson’s brand name – Johnson’s baby
powder, Johnson’s baby soap, Johnson’s baby shampoo
etc
Brand-Name Decision (Cont..d)
‘s Kissan is an umbrella
brand for its food line.
‘s Lakme is an umbrella brand to cover
brand for
several food items like noodles, soups,
sauces, pickles, ketchups and jams.
New Brands
• New brand names in the new product
categories
Co-brands
• Co-branding also called dual branding, in which
two or more well-known brands are combined in
an offer. Each sponsor expects that the other
brand name will strengthen preference or
purchase intention.
Ex: Intel’s consumer-directed brand campaign with
IBM, Dell, and Compaq convinced many personal
computer buyers to buy only computers brands
with “intel inside”.
Google on AirTel
Reliance with LG mobiles