In view of the coronavirus pandemic, we are making LIVE CLASSES and VIDEO CLASSES completely FREE to prevent interruption in studies
Marketing

Branding

We live in a brand conscious world, in fact, according to some studies India is one of the most brand-conscious countries in the world. But a brand is more than just a logo or a name. Let us study the concept of branding and its significance.

Suggested Videos

Play
Play
Arrow
Arrow
ArrowArrow
Classification of business
Basics of starting a business
Slider

 

Introduction to Branding

Branding

Branding is a process which involves creating a specific name, logo, and an image of a particular product, service or company. This is done to attract customers. It is usually done through advertising with a consistent theme.

Branding aims to establish a significant and differentiated presence in the market that attracts and retains loyal customers. A brand is a name, term, symbol,  or other feature that distinguishes an organization or product from its rivals in the eyes of the customer. Brands are used in business, marketing, and advertising.

Features of Branding

Targetability

Branding should be planned according to the targeted audience. No business firm can target the entire population. Business owners should identify the type of people who are buying their products and services. Research should be done on the basis of age, gender, income, the lifestyle of their customers, etc.

Awareness

The percentage of people who are aware of a brand is known as brand awareness. Well established companies have the benefit of a high level of brand awareness. Brand awareness can be increased with the help of advertisement on TV, radio, newspaper or social media marketing and advertising. Logos also help companies build brand awareness, as people often recognize brands by these symbols or diagrams.

Loyalty

Brand loyalty is the highest achievement or apex of any company. A customer who buys the product of a particular company extensively is known as a brand loyalist. Many consumers prefer using certain brands of clothing, deodorants or tubes of toothpaste, for example. They like how these brands benefit them. Brand loyalty can be build by staying in touch with the customers, asking them for their reviews.

Consistency

Consistency is necessary for a brand. A brand must remain consistent. Small businesses make numerous promises in commercials and ads about their brands, and consumers expect companies to continue living up to these promises. Their products should also be effective

Solved Examples For You

Q:  Assertion: In product concept, the focus is on innovating and improving products.

       ReasonIn selling a concept, consumers are persuaded to buy products.

  1. Both Assertion and Reason are correct and Reason is the correct explanation for Assertion
  2. Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion
  3. The assertion is correct but Reason is incorrect
  4. Both Assertion and Reason are incorrect

Sol. The correct answer is the option ”a”. Both Assertion and Reason are correct and Reason is the correct explanation for Assertion. In product concept, the focus is on innovating and improving products and in selling a concept, consumers are persuaded to buy products.

Q: Which of the following is not a function of marketing?
  1. Bending the customers according to product
  2. Marketing planning
  3. Product designing and development
  4. Gathering and analyzing market information

Sol. The correct answer is the option ”a”. Marketing function types within a larger business might include performing market research, producing a marketing plan, and product development, as well as strategically overseeing advertising, promotion, distribution for sale, customer service and public relations.

Share with friends

Customize your course in 30 seconds

Which class are you in?
5th
6th
7th
8th
9th
10th
11th
12th
Get ready for all-new Live Classes!
Now learn Live with India's best teachers. Join courses with the best schedule and enjoy fun and interactive classes.
tutor
tutor
Ashhar Firdausi
IIT Roorkee
Biology
tutor
tutor
Dr. Nazma Shaik
VTU
Chemistry
tutor
tutor
Gaurav Tiwari
APJAKTU
Physics
Get Started

Leave a Reply

avatar
  Subscribe  
Notify of

Stuck with a

Question Mark?

Have a doubt at 3 am? Our experts are available 24x7. Connect with a tutor instantly and get your concepts cleared in less than 3 steps.
toppr Code

chance to win a

study tour
to ISRO

Download the App

Watch lectures, practise questions and take tests on the go.

Get Question Papers of Last 10 Years

Which class are you in?
No thanks.