Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Enterprise marketing

Question:
Entrepreneurs can opt to use a common or successful name for their several products offered in the market. This branding strategy is also known as umbrella branding. Which branding strategy is being referred to here?
Options:
Individual branding
Family branding
Corporate branding
Alpha-numeric branding
Correct Answer:
Family branding
Explanation:
Family brand name: Entrepreneur can opt to use a common or successful family name for their several products. Either the entrepreneur's name or the company's name may be used for all the products. It is even referred as Umbrella branding.