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Marketing Mix> Product - Branding

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Estimated time: 8 minutes
CBSE: Class 12

Meaning

  • Branding is the process of giving a name, sign or symbol to a product to distinguish it from competitors' products.
  • It involves distinguishing a product using a generic name versus a brand name.
CBSE: Class 12

Key Terms

  • Brand: A name, term, sign, symbol, or design (or a combination of these) used to identify and differentiate the goods or services of one seller from those of competitors.
  • Brand Name: The part of a brand which can be spoken, i.e., the verbal part of a brand.
  • Brand Mark: The part of a brand which is recognisable but not utterable, such as a symbol, design, distinctive colour scheme, or lettering.
  • Trademark: A brand or a part of a brand that is given legal protection, granting the seller the exclusive right to its use through registration.
CBSE: Class 12

Characteristics of a Good Brand Name

  • Should be short and easy to remember.
  • Should suggest the benefits of the product.
  • Should be distinctive.
  • Should be adaptable to packaging, media requirements, and different languages.
  • Should be versatile enough to accommodate new products added to the product line.
  • Should be capable of being registered and legally protected.
  • Should have staying power (should not become quickly outdated).
CBSE: Class 12

Key Points: Branding

  • Branding differentiates a product from competitors through a name, sign, or symbol.
  • A brand includes both spoken (brand name) and non-spoken, recognisable (brand mark) elements.
  • A trademark is a legally protected brand or part of a brand.
  • A good brand name is short, memorable, benefit-suggestive, and distinctive.
  • A good name must adapt to packaging, media, and languages and remain versatile for future products.
  • Legal registrability and long-term staying power are essential features of a good brand name.
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