On the front of your graphic organizer, answer the following BRO Time Questions using the textbook: • In your own words define the term brand • Using the graphic organizer, fill in the circles stemming from the word brand with four words that describe the marketing term On the back of your graphic organizer, answer the following questions • How many brands are you wearing or carrying with you today in class? • Of the many brands that you wear, what is your favorite brand and why? • Make sure to put your name on your BRO Time and turn it in to Ms. Guerrero when you’re done Sports and Entertainment Marketing What is Branding? a name, term, design, symbol, or combination of these elements that identifies a product and distinguishes it from its competitors a word, group of words, letters, or numbers that represents a product that can be spoken ◦ Should be easily pronounced, distinctive, and recognizable A logo is a graphic mark commonly used by commercial enterprises, organizations and even individuals to aid and promote instant public recognition. Top Entertainment Logos and Jingles a brand name, brand mark, trade name, trade character, or a combination of these that is given legal protection by the federal government Trademarks are used to prevent other companies from using a similar element that might be confused with the trademarked one. The value a brand has beyond its actual functional benefits Customers are willing to pay more for a brand Value becomes a competitive advantage National Private Brands (manufacturer brand) Brands (intermediary brand) Generic brands Owned by a producer of the product Manufacturers use: • multi-product • multi-branding • co-branding Used when the manufacturer uses one name for all its products • Example: Nike basketball running soccer golf hockey Each product in a product line has a distinctive name Strategy is used for product that target different consumers Example: Procter and Gamble’s deodorant • Secret: for women • Old Spice: for men • Sure: for men or women Combines one or more brands to increase customer loyalty and sales for each product Two manufacturers team up to produce one product Carries a name developed by the wholesaler or retailer, Intermediaries contract with manufacturers to make products that are sold under their private labels Represent a general product category and does not carry a company or brand name. When a company dramatically changes their logo and brand identity to change the consumers image of the brand Usually an attempt to distance themselves from a negative association with the brand Create a brand for your assigned product. Remember that you need to be creative to be sure you catch the public’s attention. 1. Create a brand name for your product 2. Create a logo for your product 3. Write a paragraph explaining your target market 4. Submit assignment electronically