Brand management is a marketing function that uses techniques to increase the perceived value of a product line or brand over time.
Effective brand management helps the company to build a loyal customer base and increase the company’s profits.
The brand manager ensures product or brand innovation by increasing brand awareness through the use of price, packaging, logo, related colors and letter format.
Brand equity refers to the value a company derives from being recognized by its name, allowing it to be a popular choice among consumers even when compared to a lower priced generic brand.
Brand identity is the visible elements of a brand, such as color, design, and logo, that identify and make a brand stand out in the minds of consumers.
Brand loyalty - repeat purchases of a particular brand based on the perception of higher quality and better service than any competitor - independent of price.
Brand identity is the totality of human characteristics that are attributed to a brand.
“Companies must accurately define their brand identity so that it resonates with the right consumers.
Direct marketing consists of any marketing based on direct communication or distribution to individual consumers and not through a third party such as the media.