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FUNDAMENTAL OF AACOUNTING BUSINESS AND MANAGEMENT

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Alaisah A. Mosr
BRANDING
What is brand? A brand is a mark distiction that can sensed usually in the forms of names or terms,sign or
symbols,design elements,or even a condition of these,and is utilized for the purpose of identifying and distinguishing the
goods or services of one provider from another.
Origins of brand-the ethymology of the word brand itself provides glimpses into the origins of branding.
ELEMENTS OF THE BRAND brand is just a name.Todays brand are composite of values
Trade name-The trademarked name by which the product is to be known as,such as COCA-COLA,GOOGLE
and JOLLIBEE.
Generic category-the category in which a brand would fall under,such as beverage,search engine,or quick
service restaurant.
Logo-the visual symbol or image that will identify the product,such as the destinctive partially bitten apple
image.
Tagline-an optional catchphrase,such as BDO’s “We find ways”.
Visual cues-aside from the actual logo,brands can also be represented with destinctive visual identifiers,such
as the red and green brands that wrap around the outside of a Seven Eleven store.
Shapes-the actual shapes or form of a product or packaging,such as the pinched contour of a battle of Yakult.
Colors-a Yellow Cab store is quickly distinguisable fram afar thanks to its bold yellow signs with black
letterings.
Sounds-such as advetising jingles,or even very short intro sounds,such as those heard upon starting up a
computer.
Scents-establishments such as Rustans and the Sangri-la Hotel have signature fragrances made that help to
create distinctive atmospherics in their premises.
Tastes-this include special rwcipes or secret ingredients,such as Max’s distinctive friend checken formulation.
Brand equity-refers to the valye of brand.Ideally,this value would be expressed the forms of the person
values.
Brand Valuation-since there is no clear way to estimate brand equity in terms of monetary value,marketers
have resorted to utilizing non-monetary measures of brand value.
Brand Asset Valuation can also be helped along by knowing the progressive Levels of brand Equity:
Brand awareness
I am familiar with these brand
Brand acceptability
I like this brand
Brand preference
I prefer this brand
Brand loyalty
I will die if I do not buy this brand
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