genericization is what is called when a brand becomes a verb.
genericization is what is called when a brand becomes a verb.
what is it called when a brand becomes a verb?
genericization
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a brand name that is well known to the majority of people or households is also called a "household name" and may be an indicator of brand success. occasionally a brand can become so successful that the brand becomes synonymous with the category. for example, british people often talk about "hoovering the house" when they actually mean "vacuuming the house." (hoover is a brand name). when this happens, the brand name is said to have "gone "generic"." examples of brands becoming generic abound; kleenex, cellotape, nescafe, aspirin and panadol. when a brand goes generic, it can present a marketing problem because when the consumer requests a named brand at the retail outlet, they may be supplied with a competing brand. for example, if a person enters a bar and requests "a rum and coke," the bartender may interpret that to mean a "rum and cola-flavoured beverage," paving the way for the outlet to supply a cheaper alternative mixer. in such a scenario, coca-cola ltd, who after investing in brand building for more than a century, is the ultimate loser because it does not get the sale.
brand awareness