Assignment
On
Product and Brand Management

Submitted To Submitted By
Prof. Neeraj Dubey Virendra Prasad Tamta (1219)

Date: 13 Feb 2013

Centre for Management Education
Vaikunth Mehta national Institute of Cooperative Management
University Road, Pune- 411 007

------------------------------------------------- Brand equity

Brand equity is a phrase used in the marketing industry which describes the value of having a well-known brand name, based on the idea that the owner of a well-known brand name can generate more money from products with that brand name than from products with a less well known name, as consumers believe that a product with a well-known name is better than products with less well-known names.
Some marketing researchers have concluded that brands are one of the most valuable assets a company has,as brand equity is one of the factors which can increase the financial value of a brand to the brand owner, although not the only one. Elements that can be included in the valuation of brand equity include (but not limited to): changing market share, profit margins, consumer recognition of logos and other visual elements, brand language associations made by consumers, consumers' perceptions of quality and other relevant brand values.
Consumers' knowledge about a brand also governs how manufacturers and advertisers market the brand. Brand equity is created through strategic investments in communication channels and market education and appreciates through economic growth in profit margins, market share, prestige value, and critical associations. Generally, these strategic investments appreciate over time to deliver a return on investment. This is directly related