report of branded goods introduction

[dixitaiddya]

report of branded goods introduction

A brand (or marque for car model) is a name, term, design, symbol or other feature that distinguishes one seller's product from those of others.[2] Brands are used in business, marketing, and advertising. Initially, livestock branding was adopted to differentiate one person's cattle from another's by means of a distinctive symbol burned into the animal's skin with a hot branding iron.

In accounting, a brand defined as an intangible asset is often the most valuable asset on a corporation's balance sheet. Brand owners manage their brands carefully to create shareholder value, and brand valuation is an important management technique that ascribes a money value to a brand, and allows marketing investment to be managed (e.g.: prioritized across a portfolio of brands) to maximize shareholder value. Although only acquired brands appear on a company's balance sheet, the notion of putting a value on a brand forces marketing leaders to be focused on long term stewardship of the brand and managing for value.

The word "brand" is often used as a metonym referring to the company that is strongly identified with a brand.

Marque or make are often used to denote a brand of motor vehicle, which may be distinguished from a car model. A concept brand is a brand that is associated with an abstract concept, like breast cancer awareness or environmentalism, rather than a specific product, service, or business. A commodity brand is a brand associated with a commodity.

Brands and Branding

Branding is a strategy that is used by marketers. Pickton and Broderick (2001) describe branding as Strategy to differentiate products and companies, and to build economic value for both the consumer and the brand owner.

A brand is an identity that includes all sorts of components; depending on the brand e.g. Body Shop International encapsulates ethics, environmentalism and political beliefs.
A brand is an image where the consumer perceives a brand as representing a particular reality e.g. Stella Artois Reassuring Expensive.
A brand is a relationship where the consumer reflects upon him or herself through the experience of consuming a product or service.
Brand occupies space in the perception of the consumer, and is what results from the totality of what the consumer takes into consideration before making a purchase decision (Pickton and Broderick 2001).

So branding is a strategy, and brand is what has meaning to the consumer.

There are some other terms used in branding. Brand Equity is the addition of the brand s attributes including reputation, symbols, associations and names. Then the financial expression of the elements of brand equity is called Brand Value.

There are a number of interpretations of the term brand (De Chernatony 2003). They are summarized as follows:

A brand is simply a logo e.g. McDonald s Golden Arches.
A brand is a legal instrument, existing in a similar way to a patent or copyright.
A brand is a company e.g. Coca-Cola.
A brand is shorthand not as straightforward. Here a brand that is perceived as having benefits in the mind of the consumer is recognised and acts as a shortcut to circumvent large chunks of information. So when searching for a product or service in less familiar surroundings you will conduct an information search. A recognised brand will help you reach a decision more conveniently.
A brand is a risk reducer. The brand reassures you when in unfamiliar territory.
A brand is positioning. It is situated in relation to other brands in the mind of the consumer as better, worse, quicker, slower, etc.
A brand is a personality, beyond function e.g. Apple s iPod versus just any MP3 player.
A brand is a cluster of values e.g. Google is reliable, ethical, invaluable, innovative and so on.
A brand is a vision. Here managers aspire to see a brand with a cluster of values. In this context vision is similar to goal or mission.
A brand is added value, where the consumer sees value in a brand over and above its competition e.g. Audi over Volkswagen, and Volkswagen over Skoda despite similarities.

[muller]

British goods that are identifiable as being the product of a particular manufacturer or marketing company Supermarket lines are often cheaper than branded goods.

A brand is a set of marketing and communication methods that help to distinguish a company from competitors and create a lasting impression in the minds of customers. The key components that form a brand's toolbox include a brand's identity, brand communication (such as by logos and trademarks), brand awareness, brand loyalty, and various branding (brand management) strategies. Brand equity is the measurable totality of a brand's worth and is validated by assessing the effectiveness of these branding components. In a fleeting market where traditional linear models of business are being replaced by more radical interconnected models, brand equity is one marketing technique that remains firmly rooted in prosperity. To reach such an invaluable brand prestige requires a commitment to a particular way of doing business. A corporation who exhibits a strong brand culture is dedicated on producing intangible outputs such as customer satisfaction, reduced price sensitivity and customer loyalty.

[bhanupanjwani]

hi I am Chaitali I would like to get details on report of branded goods introduction in short My friend said report of branded goods introduction will be available here and now I am living at Kolhapur and I last studying in the collage D D Shinde sarakar college and now am doing project so i need help

[powerdude143]

Full project on report of branded goods and list of branded good their importance aims properties etc etc

[shibani]

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