Explain what you understand by branding, Corporate Finance

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a) Explain what you understand by ‘Branding'?

b) A ‘Corporate identity' is often viewed as being composed of three parts; state them giving two examples of each.

c) ‘Corporate Identity Management' is very important for a company such as McDonald's Corporation which is the world's largest chain of hamburger fast food restaurants. Explain what you understand by ‘Corporate Identity Management'.

d) Provide three reasons why it is very important for McDonald's Corporation to adopt such type of management.

e) Describe the main difference between the ‘brand identity' and the ‘brand image' of an organization.

f) ‘Corporate branding' is making the promise of quality products, service and delivery to customers. State and briefly describe three other types of branding.


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