The document discusses what constitutes a brand and how brands are formed. It notes that a brand is not just a logo but rather is formed from various elements including logos, colors, taglines, employee uniforms, and most importantly how the company consistently treats its customers. A brand represents the gut reaction and emotions people associate with a company based on both what a company says and does. The key is that the brand belongs to customers as it is defined by how they perceive the company rather than by what the company says it is.