Not many know the difference between a Product and a Brand. Here are some:
A product is offered for sale in the free market, a tangible entity
A brand is intangible and distinguishes one product from another
Some say that a product satisfies a need, while a brand satisfies a want…
Products can be easily copied in no time, brands are protected entities both legally and in the consumers’ mind.
Manufacturers creates products, while consumers create the brand in their mind, value it, and stay loyal to it.
Products can be easily replaced, they can become obsolete and dated in a short time, brands could be eternal (if treated properly) brands are emotionally attached to consumers and are not easily replaced.
Products offer and perform a variety of functions. While brands offer value.