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Which is the best definition of a brand?
The American Marketing Association (AMA) defines the brand as, “a design, name, symbol, term, logo or symbol or combination of them, intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors”.
Which is an example of a brand extension?
Diet Coke is a successful example of brand extension that promoted from the brand franchise of the parent product, Coca-Cola. It has launched around six extensions and increases its market share without even substantial advertisements.
What is the importance of branding in business?
This assignment is aims to analyse the importance of branding and its role in ensuring success in business. The scope of assignment covers the introduction to the brand, need of branding, key concepts in branding, importance of branding, brand architecture and role of branding for creating value.
What is the scope of an exploratory study on branding?
The scope of assignment covers the introduction to the brand, need of branding, key concepts in branding, importance of branding, brand architecture and role of branding for creating value. The exploratory studies include the both business to business (B2B) and business to consumer (B2C) markets.
Last Update: Oct 2021
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