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Question
Explain the characteristics of a good brand name.
Explain
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Solution
The characteristics of a good brand name are as follows:
- A brand name must be short, simple to pronounce and spell, and easy to remember. Examples include VIP, Lux, Rin, Ponds, and Vim.
- It should reflect the product’s qualities and benefits, as seen in names like Frooti, Promise, Boost, Revital, and Rasna.
- The brand name needs to be unique and easily distinguishable, like Zodiac, Pears, Liril, and Safari.
- It should be compatible with packaging and labelling needs.
- A brand name should be broad enough to include new products within the product line. Good examples are Godrej, Tata, Maggi, and Nirma.
- It must be eligible for registration and legal protection.
- Lastly, the brand name should be timeless and not become outdated.
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Chapter 14: Marketing Mix - QUESTION BANK [Page 448]
