WAEC Commerce 1999 Theory question 105

Theory question 105

Marketing

Commerce 2 (answer any five questions)
(a) Explain branding and give two suitable examples.
(b) In which five ways does branding affect the consumer?

Show the model answer
Model answer

(a) Branding is giving a product a distinctive name, symbol, design or mark so that it can be identified and distinguished from competitors' products. Examples (any two): Peak milk; Omo detergent; Coca-Cola; Indomie noodles; Golden Penny flour; Lux soap.
(b) Any five: easy identification of the product when buying; assurance of consistent quality and standard; may pay a higher price for the brand; protection against fake products (trademark); helps consumers build loyalty and make repeat purchases easily; informs consumers through brand advertising; makes comparison between products easier; may limit choice or lead to impulse/emotional buying.

Explanation

Real brand names are needed as examples.