To keep the brand live, contemporary and relevant, marketer uses a variety of measures such as

(a) Brand extension

(b) Brand rejuvenation

(c) Brand relaunch

(d) Brand proliferation

Which of the following is correct?

This question was previously asked in
UGC NET Paper 2: Management 4th Dec 2019 Shift 2
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  1. (a) and (b) only
  2. (a) and (c) only
  3. (a), (b) and (c) only
  4. (a), (b), (c) and (d)

Answer (Detailed Solution Below)

Option 3 : (a), (b) and (c) only
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UGC NET Paper 1: Held on 21st August 2024 Shift 1
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Detailed Solution

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The correct answer is (A), (B) , and (C) only.

Key Points Branding is the process of creating a strong, positive perception of a company, its products, or its services in the customer’s mind by combining such elements as logo, design, mission statement, and a consistent theme throughout all marketing communications. Effective branding helps companies differentiate themselves from their competitors and build a loyal customer base.

Important Points

  •  Brand extension or brand stretching is a marketing strategy in which a firm marketing a product with a well-developed image uses the same brand name in a different product category. The new product is called a spin-off.
  • Brand Rejuvenation is the process of changing the 'look and feel' of your brand while leaving the brand/business foundations relatively untouched.
  • Brand Relaunch describes the restart or repositioning of a brand. Its purpose is the brand's strategic re-alignment.

Additional Information

  •  Brand proliferation refers to the phenomenon when a company creates and markets new products and line extensions that are a little different from the existing products.

Hence, the correct answer is (A), (B) and (C) only.

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