Brand valueby Economist.com
BRANDS are basically a promise. They tell consumers what quality to expect from a product and show off its personality. Firms invest a lot on the image of their brands to foster sales and loyalty. But measuring their value is hard. Millward Brown, a market-research company, is one of several that takes a stab at it. It has just published its annual ranking of the world's "most powerful" brands based on consumers' perceptions and the performance of the companies that own them.The top 100 are collectively worth $2.6 trillion, the firm reckons. Apple remains the world's most valuable brand, worth $185 billion, at the head of a trio of technology companies. None has increased much in value, however, since...