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What are the various types of brand names from the entrepreneur’s perspective?

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Various types of brands available are: 

1. Individual brand name: Here, every product is promoted by the entrepreneur on the basis of a separate brand name, like: Liril—brand name with the “freshness” concept. Lux — brand name for “beauty soap for film stars” 

2. Family brand name (Umbrella branding): Here, the entrepreneur’s name or the company’s name is used for all the products, like: Kissan, is brand name for jam, sauces, etc. AMUL, has been used to market a large variety of dairy products viz. milk, ghee, butter, chocolates, etc. 

3. Corporate names: Here, entrepreneur can choose their corporate name or logo together with some brand names of individual products for example, Godrej, Tata, Bajaj, etc. 

4. Alpha-numeric names: It is mainly for industrial products. An alpha¬numeric name signifies its physical characteristics. For example, SX4, Liv52, ANX Grindlay, ilO, i20, etc.

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