Branding Strategy - competitors as well point of similarity...

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Branding Strategy Another important aspect of product strategy is branding. Branding is process of giving identity and image to the product as to create an impression in the mind of consumer. Branding is a long process involves lots of investments in terms of money and time from the company. Building brand identity involves designing name, symbol and logo for the product. Branding involves developing strategy to create a point of differentiation from
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Unformatted text preview: competitors as well point of similarity with product class. Brand which reaches a high level of awareness and enjoys the loyalty from customer develops brand equity. Packaging of the products also forms part of branding strategy. Creating a unique product identity and branding strategy is important in formulating success of the company. Customers purchase decision will be based on attractive product and branding strategy....
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