Mandell
and Rosenbery (1981) defined brand as the name, sign or design (or combination
of the three) that identifies a particular product or product line and
distinguishes it from its competitors.
It is also a name, term, symbol or design or a combination of them,
intended to identify the goods or services of one seller or group of sellers
and to differentiate them from those of competitors. A brand is thus a product
or service that adds dimension and differentiate it in some way from other
products or service designed to satisfy the same need. These differences may be
functional, rational on tangible related to product performance of the brand
(Anyanwu, 2000).
A
powerful brand name has consumed franchise that is, it commands strong consumer
loyalty. This means that a sufficient number of customers demand these brand
and refuse substitutes even if the substitutes are offered at lower prices.
Companies that develop brands with strong consumer franchise are insulated from
competitions promotional; strategies. Thus, it is necessary for a supplier to
invest heavily in order to create strong global recognition and preference for
its brand name.
Also,
the increased competitive nature of the market makes it obvious that the most
possible means of achieving quick sales response is to embark on product
branding.
The
external factors consist of rate of product proliferation with associated
problem of maintaining brand loyalty, poor economic condition has promoted
consumers to seek for price reductions and decrease in advertising efficiency
due to media-clutta and government regulations.
-- (2021). Effect of Branding on Consumer Patronage of Different Brands of Beer in Umuahia Metropolis. Mouau.afribary.org: Retrieved Nov 17, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-branding-on-consumer-patronage-of-different-brands-of-beer-in-umuahia-metropolis-7-2
--. "Effect of Branding on Consumer Patronage of Different Brands of Beer in Umuahia Metropolis" Mouau.afribary.org. Mouau.afribary.org, 03 Jun. 2021, https://repository.mouau.edu.ng/work/view/effect-of-branding-on-consumer-patronage-of-different-brands-of-beer-in-umuahia-metropolis-7-2. Accessed 17 Nov. 2024.
--. "Effect of Branding on Consumer Patronage of Different Brands of Beer in Umuahia Metropolis". Mouau.afribary.org, Mouau.afribary.org, 03 Jun. 2021. Web. 17 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-branding-on-consumer-patronage-of-different-brands-of-beer-in-umuahia-metropolis-7-2 >.
--. "Effect of Branding on Consumer Patronage of Different Brands of Beer in Umuahia Metropolis" Mouau.afribary.org (2021). Accessed 17 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-branding-on-consumer-patronage-of-different-brands-of-beer-in-umuahia-metropolis-7-2