1, the brand is conducive to the rapid occupation of the market for products or services. The brand is formed through long-term cultivation. Once the brand is formed or favored by consumers, it will effectively improve the competitiveness of enterprises in similar products or services, thus putting themselves in a favorable position. Consumers may form special consumption preferences and may form psychological dependence on a certain brand. All these are beneficial to the providers of such goods or services in a favorable position in the competition. According to the survey of the United Nations Industrial Planning Agency, brand-name products, which account for less than 3% of industrial product brands, occupy 40% of the market share, accounting for about 50% of sales.
2. It is an important symbol for consumers to identify and choose the brand of goods or services. This situation greatly facilitates the demand of consumers to buy goods or services, saves time and reduces the possibility of being cheated.