1. Brand origin: conceptualization
... for most firms the importance of established brands. Brands have become highly valued assets as evidenced by the sale of Kraft for $13 billion or over 600 per cent of book value (Aaker, 1990), leading to renewed attempts to understand the function they perform for consumers. It is conjectured that brands add value to consumer goods by supplying meaning ( ... Heineken (Dutch), Beck (German), and Coors, whose ads place their brewery in Colorado and present their chief officer talking to consumers against a backdrop of the Rockies. Aaker (1991) also notes that vodka brand names and advertis...
- Word Count: 7350
- Approx Pages: 29
- Has Bibliography
- Grade Level: High School