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Question

‘Snapdeal’ went for a change in logo and its corporate identity with a new tagline ‘unbox zindagi’. What is this process known as ?

This question was previously asked in
MH SET 2020 Paper 2 Philosophy Question Paper (27-Dec-2020)
The correct answer is

Rebranding

Rebranding is the marketing process of changing a company's brand identity, such as its name, logo, colours, design and tagline, to create a new, refreshed image in the minds of consumers.

In 2016 the e-commerce firm Snapdeal replaced its old logo with a new red 'unboxing' logo and adopted the tagline 'Unbox Zindagi', which is a classic rebranding exercise.

Repositioning changes the place a product occupies in consumers' minds relative to competitors (for example, new target segment or new benefit), which need not involve a new logo or identity.

Rethinking and revitalizing are general words, not the standard marketing term for changing a corporate logo and identity.

Hence, Rebranding.

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