Product Branding can be
defined as marketing practice of creating a name, symbol or design that
identifies and differentiates a product from
other products. An
effective brand strategy
gives you a major edge in increasingly competitive markets. In other words, Product
branding is a strategy that defines a unique set of marketing elements to
differentiate a given product. It is an activity that defines the way the
product’s image is communicated to its customers. Branding policies are
established to promote the idea behind the product through logos, images,
designs, colors and many other marketing resources to place the product in the
customer’s mind. Brands transcend company’s environments and the concept can
also be applied to non-profit or government-related institutions where the
brand is associated with a service provided. These brands are established by
institutions according to pre-established criteria. Some companies have family
brands, where a single brand is used for different products designed for
different segments but within a single market.