To which tool of marketing mix does ‘Brand Name’ relate?
a) Product b) Price
c) Place d) Promotion
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Explanation:
product price this is a your answer...
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The answer is d) Promotion.
- A brand name is a name by which the company is known and popularised among potential customers.
- The brand name is not required in deciding the price and place. It does not even have any effect on the production of the product and the ingredients used.
- The brand name is used for the sole purpose of promotion. They need to give a unique name to the product when various other companies are creating similar products. This name helps in attracting customers.
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