Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Marketing

Question:

The various terms related to branding includes ?

(A) Brand

(B) Brand Name

(C) Brand Mark

(D) Brand Signal

(E) Trade Mark

Choose the correct answer from the options given below :

Options:

(A), (B), (D) and (E) only

(A), (B), (C) and (D) only

(A) and (B) only

(A), (B), (C) and (E) only

Correct Answer:

(A), (B), (C) and (E) only

Explanation:

The correct answer is option (4) : (A), (B), (C) and (E) only

Brand: A brand is a name, term, sign, symbol, design or some combination of them, used to identify the products— goods or services of one seller or group of sellers and to differentiate them from those of the competitors. For example, some of the common brands are Bata, Lifebuoy, Dunlop, and Parker. Brand is a comprehensive term, which has two components—brand name and brand mark

Brand Name: That part of a brand, which can be spoken, is called a brand name. In other words, brand name is the verbal component of a brand

Brand Mark: That part of a brand which can be recognised but which is not utterable is called brand mark. It appears in the form of a symbol, design, distinct colour scheme or lettering.

Trade Mark: A brand or part of a brand that is given legal protection is called trademark. The protection is given against its use by other firms. Thus the firm, which got its brand registered, gets the exclusive right for its use. In that case, no other firm can use such name or mark in the country.