MANAGEMENT

Detailed explanation-1: -a type of product made by a particular company and sold under a particular name: This isn’t my usual brand of deodorant. There has been a huge growth in sales of luxury brands.

Detailed explanation-2: -The term “trade mark” is inclusive of the term “brand” but not all popular brands may be a registered trade mark.

Detailed explanation-3: -What is a Brand Name? A brand name identifies a specific company, product, or service and differentiates it from similar brands within its category. Brand names are typically registered with the U.S. Patent and Trademark Office to protect their equity, and are often accompanied by a logo.

Detailed explanation-4: -A product line is a group of connected products marketed under a single brand name by the same company.

Detailed explanation-5: -In this case, a product name identifies a specific product or service and becomes a brand name when the company starts using it. For example, the Toyota company operates using Toyota as its company name, and its products are cars.