Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Enterprise marketing

Question:

Match List-I with List-II.

List – I

List - II

(A) Patanjali

(I) Individual Brand Name

(B) i20 cars

(II) Family Brand Name

(C) Lux soaps

(III) Corporative Brand Name

(D) Oriflame

(IV) Alpha-Numeric Name

Choose the correct answer from the options given below:

Options:

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(II), (B)-(IV), (C)-(III), (D)-(I)

(A)-(IV), (B)-(II), (C)-(III), (D)-(I)

Correct Answer:

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Explanation:

Individual brand name : Here entrepreneur can choose distinct names for each of his offering, i.e. every product is promoted on the basis of a separate brand name.E.g Lux, Liril.

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.E.g Amul, Ponds, Maggi.

Corporate names: Entrepreneur can choose to utilise their corporate name or logo together with some brand names of individual products for example, Godrej, Tata, Bajaj, etc.

Alpha-numeric names: In many industrial products, an alpha-numeric name often signifies its physical characteristics, thus creating a distinctive identify of the product. Entrepreneur has an option available to brand his/her products alpha-numerically too. For example, SX4, Liv52, ANX Grindlay, i10, i20, etc.