Mark vs. Brand - Term and Controversies

Mane Medic (), Igor Medic () and Mladen Pancić
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Mane Medic: Associate Professor, Faculty of Economy in Osijek, Croatia
Igor Medic: Bios d.o.o. Osijek, Croatia

Interdisciplinary Management Research, 2009, vol. 5, 147-154

Abstract: Starting from the new marketing paradigm, putting the buyer, and therefore his understanding of the products and services that meet his daily needs at the center of marketing actions, attracts more and more attention. Having in mind the latest advertising drive of “Coca-Cola” one can say that, so far, they have been engaged in the sale of “Coca-Cola”, and now sell Coca Cola "side of life." The work compares two terms mark and brand, and provides the most common meanings of these terms, starting from the differences in the concepts of trade mark and brand. The universal anglicanization not only in the language of marketing, but also in other languages, the term brand is more and more being used synonymously to the term mark, which we can not agree with. Customers and consumers create a special relationship to the mark. There are different models of the evolution of the concept of branding. Corporate brand as a concept implies a coordinated portfolio of marks. The practice of marketing is based on product quality, development of trademarks and a creation of a brand. Contemporary practice of marketing starts with the creation of brands which are given characteristics of trademarks and products. Brand, in general, expresses a mission and values that the company nurtures, and must be incorporated in the vision of the company. Starting point for building a brand is a belief that must realistically indicate the value related to the client. This belief is particularly important in the process of communicating the brand, both with external and with internal factors.

Keywords: brand; mark; trademark; brand equity; product (search for similar items in EconPapers)
JEL-codes: M21 M31 (search for similar items in EconPapers)
Date: 2009
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