What is the purpose of a brand name?

cbse
marketingmanagement

#1

A brand name is a word, design, symbol or a combination, thereof used to identify a product and distinguish it from those of competitors. The purposes of a brand name are as follows:
(i) To create a distinct image of the product and its seller in the market, e.g. Bata shoes.
(ii) To build reputation and goodwill of the manufacturer.
(iii) To secure repeated sales through brand __loyalty.