Practicing Success

Target Exam

CUET

Subject

Entrepreneurship

Chapter

Enterprise marketing

Question:
Which of the following is correct about the components of brand?
Options:
A brand name is "that part of a brand which can be vocalized i.e. can be spoken. It is like naming a newborn child.
A brand mark is that part of a brand which can be recognized but cannot be vocalized i.e. is non-utterable.
A brand or part of a brand that is given legal protection against its use by other firms is called a trade mark.
All of the above.
Correct Answer:
All of the above.
Explanation:
Brand has three components:
a) Brand name: A brand name is "that part of a brand which can be vocalized i.e. can be spoken. It is like naming a newborn child. Mercedes, Woodland, Asian Paints, Pepsi, Maggie, Uncle Chips etc. are few examples of the brand names.
b) Brand mark: A brand mark is that part of a brand which can be recognized but cannot be vocalized i.e. is non-utterable. It appears in the form of a symbol, design or distinct colour scheme. For example: 'Girl’ of Amul, 'Maharaja' of Air India, 'Ronald' of McDonald etc.
c) Trade mark: A brand or part of a brand that is given legal protection against its use by other firms is called a trade mark. Thus, a trade mark is essentially a legal term, protecting the seller's exclusive right to use the brand name/mark.