A brand is the name and/or symbols used to identify a product or service (O’Malley, 1991) and to distinguish it from competitors (Aaker, 1991). To many, a brand suggests the best choice (Ginden, 1993), while others see a brand as something the customer knows and will react to (The Economist, 1988). The brand assures protection for the consumer and the company from competitors who might attempt to provide an identical good or service (...). Branding research has been used extensively in business academic literature. This research has become a valuable asset for organizations which aspire to develop effective marketing strategies and establish brand loyalty (Alexandris, Douka, Papadopoulos, & Kaltsatou, 2008; Gladden & Funk, 2002; Keller, 1993; Low & Lamb, 2000). Until the 20th century, companies began to focus on differentiating products through the use of branding. The brand as we currently know it consists of product attributes, such as names, packages, distribution strategies, and advertising (Aaker). The emergence of the brand has reduced the dominance of price as it relates to consumer purchase decisions (Aaker).
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