The Bucharest University of Economic Studies Bucharest, Romania
Volume 2022 (18),
Article ID 3965722,
Trends and Strategies in Marketing and Consumer Behavior: 39MKT 2022
Abstract
Nowadays, in a very complex, competitive and crowded market, brands offer consumers the opportunity to generate their recognition. Thus, we can say that the role of a brand is to identify and differentiate a product or service from other similar products existing in a market.
First of all, the brand has an intangible value, offered by the sum of the emotional associations that consumers have towards it and on the other hand the brand also has a concrete physical form being made up of its name, slogan and symbol. Therefore, the brand is always a promise to the consumer in terms of quality and satisfaction.