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The brand is the idea or image of a product or service offered by a company that stays in the mind of the customer. It is an emotion or feelings developed towards the company or its product which are offered by the company. A product can be easily copied by other companies but the brand always remains unique and different from other brands.
There are many examples in our day-to-day life like Pepsi and Coke. In this case, their product is similar but the brand name, logo, tagline, etc. are different from one another. It is a strategy designed by organizations to help people to quickly identify and experience their brand, and give them a reason to choose their products over the competition’s, by clarifying what this particular brand is or not.
The main objective is to attract and remain loyal towards the customers and their stakeholders by delivering a product at the right place at the right time. Brand: A name, logo, slogan, and/or design scheme associated with a product or service. The distribution of merchandise with a brand name or symbol imprinted.