Brandnames on the global market: their economic and social value
Brandnames live in a complicated, multidimensional world, in a dynamic system that demands well-defined, unique, memorable, seductive personalities. A brand suggests to the consumer a series of symbols and values that make up that consumer’s attitude and desires in a vast social environment. Participants went so far as to speak of a “brand alchemy”. Businesses must take into account new social and cultural trends to maintain their customers, and phenomenons such as budget crises, recession, anti-global movements, and so on, demonstrate the vulnerability of brandnames.