Question
Differentiate between trademark and brand mark.

Answer

Differences between trademark and brand mark are:
Basis
Trademark
Brand mark
Meaning
A brand or a part of a brand that is given legal protection against its use by other firms is called a trademark. It confers upon its owner the exclusive right to use the brand name and brand mark.
A brand mark is that part of a brand which cannot be spoken but can be recognised. It appears in the form of a symbol, design or distinct colour scheme.
Concept
It is a narrow concept, as it is a brand mark that is given legal protection.
It is a broader concept, as it includes trademark
Example
$\checkmark$is the trademark of Nike.
'Maharaja' of Air India is the brand mark.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Similar questions

What is ABC analysis?
Prerna is a sole proprietor. Over the past decade, her business has grown from operating a neighbourhood corner shop, selling accessories such as artificial jewellery, bags, hair clips and nail art to a retail chain with three branches in the city. Although she looks after the varied functions in all the branches, for better management of the business she is thinking to convert her sole proprietorship into some other form of business. She also has plans to open branches countrywide. However, she is afraid of the fact that in case the business incurs losses, her personal property may be called upon to pay the business debts. She is also feeling that she may not be able to effectively manage a large business because of her deteriorating health.
  1. Identify and explain the features of sole proprietor business highlighted in the above case.
  2. Also suggest to her the form of business organisation which will help her in continuing her business, stating reason in support of your answer.
What do you mean by Cash Inflow and Cash Outflow?
What are the key aspects of financial decision-making?
Raghav, an entrepreneur realises that the enterprise he wants to start, has a potential risk of fire accidents because the production process poses such a threat. Should he develop strategies to:
  1. Prevent the risk?
  2. Respond to the risk?
  3. Prevent as well as respond to the risk? Give reasons.
If Tata Fertilisers Ltd. (TFL) take-up by Tata Chemicals Ltd. (TCL). TFL transferred its assets, liabilities and shares to TCL. Identify the type of merger and explain the same.
What are the key areas, for a sound financial plan to work?
What does the demographic segmenting show?
'For the smooth and orderly functioning of corporate sector in a free market economy, stock exchanges are indispensable because of different roles played by them for different groups.' Explain the importance of stock exchange to investors in the light of this statement.
Explain any two activities that can be performed by Human Resource Department (HRD) to promote Employee Relationship Management (ERM)?