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Submitted by:
Prof. Clarinda
Catan
HOW BRANDS ARE LEGALLY REGISTERED
First of all, why do brands need to be legally registered? The answer to this is
because, in whichever country you plan to start a business, protecting your
trademark should be one of your main goals for by doing this, you could actually
prevent unlawful use of such by those who want to gain profit from your brand,
which is applicable to in the Philippines.
The process of trademark registration involves five steps. The first of which is
filing an application which must be filed with the Bureau of Trademarks of the
Intellectual Property Office (IPO). Second is the search, where the application
process undergoes a search to determent if the trademark being applied has an
identical one. The third part of the process is substantive examination, where an
examiner must be assigned to assess the registrability of the application pursuant
to the rules. Fourth step Substantive Examination where an examiner will be
assigned to assess the Publication for purposes of opposition. And the last and fifth
step of the process is finally, the Registration, where upon certification by the
Director of the Bureau of Legal Affairs that no notice of opposition has been filed
within 30 days from the date of release for circulation of the IPO Gazette publishing
the application for opposition, and upon payment of the required fee, the Office
shall issue the certificate of registration.
2. Price-quality relationship
Here, consumers use price as a cue to the quality of the products.
Consumers should be using price as a factor in determining whether a
product is affordable however, consumers also tend to use a products
price as a measure of a products quality. Some studies shows that when
a consumer is doubtful of a products quality, they would assume its
value based on the products price, where the higher the products price,
the higher level of quality for the product. Examples of products that are
valued of its quality by the price are:
Designer Clothes
Designer Bags
Expensive Furniture
Luxurious Jewelry
3. Loss-leader
This is tactical strategy which performs several functions. This is used
in getting rid of slow-moving merchandise, as well as to attract new
customers, even build a brand as the low-cost provider in your
community or tally the amount of featured loss-leader merchandise sold
in seeing whether your ads are performing well. Here, the profits made on
other merchandise sold during your loss-leader promotion should cover
the low profits or losses taken on the featured merchandise. Examples of
products that are priced according to this type are:
Groceries
Clothes
Shoes
School Supplies
Any merchandise in general
5. Price lining
Price lining is a strategy that retailers use when pricing different
items at one specific price point. The items are usually at a different
level of quality or have different features. This strategy usually makes it
easier for a retailer to buy specific products, predict what their profits
will be, and market to a certain consumer. Examples of products falling
under this category of pricing include:
Reading Glasses
o Wholesaler ; Distributor
Face Towel
o Wholesaler ; Distributor
Wines and Liquors
o Distributor
Handy Phones
o Dealer
Table Salt
o ; Distributor
Airplane Tickets
o Agent or Broker
SALES PROMOTION METHODS OF MY FAVORITE RETAILER,
STARBUCKS