Practicing Success
Which of the following is correct about the components of brand? |
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. |
All of the above. |
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. |