The Fundamentals of Branding

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Questions and Answers

What is a brand?

  • A set of assets linked to a brand's name and symbol
  • A perception of value by consumers
  • A differentiation of products
  • A label indicating ownership by a firm (correct)

When did branding, as we know it, start?

  • During the bronze age society
  • During the printing and packaging innovation
  • After the industrial revolution (correct)
  • With the existence of branding labels and seals

What is the importance of perception in branding, according to the text?

  • Perception has no importance in branding
  • Perception can be important, but reality is more important
  • Perception is more important than reality (correct)
  • Perception and reality are equally important

What are the major brand equity asset categories?

<p>Brand name awareness, brand loyalty, perceived value (D)</p> Signup and view all the answers

What is the historical evidence of branding mentioned in the text?

<p>Branding labels and seals from the bronze age society (C)</p> Signup and view all the answers

Which age can branding labels and seals be traced back to?

<p>Bronze Age (A)</p> Signup and view all the answers

What is the purpose of branding labels and seals in the bronze age society?

<p>To indicate ownership or place of origin (A)</p> Signup and view all the answers

When did branding, as we know it, start?

<p>Industrial revolution (C)</p> Signup and view all the answers

What are the major brand equity asset categories?

<p>Brand loyalty, brand name awareness, perceived value (C)</p> Signup and view all the answers

What is more important in branding, perception or reality?

<p>Perception (D)</p> Signup and view all the answers

Flashcards

What is a brand?

A label or symbol indicating ownership by a company.

When did modern branding start?

The period after the Industrial Revolution, when mass production and consumerism increased.

What's more important in branding: perception or reality?

How people perceive a brand is more influential than its actual qualities.

What are the major brand equity asset categories?

Brand equity is the value of a brand based on its assets. These assets include:

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Brand name awareness

Customer recognition and awareness of a brand name.

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Brand loyalty

The degree to which customers consistently choose a particular brand.

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Perceived value

The perceived value of a brand in the eyes of customers.

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What historical evidence of branding exists?

Ancient societies used branding labels or seals to identify ownership of goods or their origin.

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Which age can branding labels and seals be traced back to?

Branding labels and seals can be traced back to a period in ancient history.

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What was the purpose of branding labels and seals in the Bronze Age?

To indicate ownership or the place of origin of goods in ancient times.

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