Latest Business Tip

Monday, October 25, 2010

What is branding?

Branding is the process of developing a name, term, symbol, design or combination of these to identify a product or service and to distinguish it from competing products.

Successful brands tend to rate highly with consumers in terms of:

  • Familiarity - well known and easily recognized
  • Relevance - to target market
  • Esteem - held in high regard
  • Differentiation - from competing products

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