The following are some of the conditions that are favorable to successful branding:
The following are some of the conditions that are favorable to successful branding:
- Dependable and widespread availability is possible. When customers start using a brand, they want to be able to continue using it.
- There are economies of scale. If the branding is really successful, costs should drop and profits should increase.
- The product is easy to label and identify by brand or trademark.
- Demand is strong enough that the market price can be high enough to make the branding effort profitable.
- By contrast, if a product's quality is liable to vary considerably over time then branding may not be advisable since customers expect brands to be consistent.
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