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Q.What is called in marketing to give special name to a product?

Uttarakhand UbseUttarakhand Board Intermediate (Commerce) 2024Subjective· 1mImportance★★★★★
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The process of giving a special, distinguishing name to a product is called Branding.

Branding is the marketing activity of giving a product (or a line of products, or the whole firm) a distinctive name, term, symbol, sign, or design, used to identify it and to differentiate it from the goods and services of competitors. A brand consists of a brand name (the part that can be spoken, e.g. 'Lifebuoy') and a brand mark/logo (the part that is recognised visually but not spoken). Branding allows a company to build customer loyalty, charge a premium …

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