Today, the vision has changed from where only tangible assets had value to one where companies now believe that their most important asset is their brands, which are intangible and immaterial. But, then these intangible assets account for 61% of the value of Kellogg’s. A brand is therefore one of the most valuable elements in an advertising theme, as it demonstrates what the brand owner is able to offer in the marketplace.
It seeks to increase a product's perceived value to the customer and thereby increase brand commitment. Marketers see a brand as an implied promise that the level of quality people have come to expect from a brand will continue with future purchases of the same product. Brand commitment is an integral part of building a brand, as consumers usually have a choice of products in the same market segment, and so a successful company will come up with a way to keep consumers re-buying their product or coming back to their location rather than going to a competitor.
Brand equity creates a relationship and a strong bond that grows over time. It is often so strong that it compensates for performance flaws, such as an out-of-stock situation, poor customer