This document discusses branding and brand management. It defines a brand as a name given to a product or service that takes on its own identity. A brand stands out from competitors in today's crowded marketplace. Brands are established through consistent advertising, word-of-mouth recommendations, customer interactions, and real-life experiences. The document lists well-known brands like Microsoft, Ferrari, and Coca-Cola and discusses how brands are legally protected by trademarks. It also outlines strategies for building, managing, and sponsoring brands through manufacturer brands, private labels, licensing, and co-branding partnerships.