(1) A brand provides a unique identity and emotional associations for products and companies in complex markets where products are otherwise indistinguishable. It simplifies consumers' choices.
(2) Brands create loyalty by developing emotional relationships and building trust between the brand and consumers.
(3) Successful brands establish aspirational lifestyles that consumers want to associate with.
(4) Branded lifestyles allow brands to extend into new product categories, saving costs of developing new brands.