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There are 300 million companies in the world today, each with its own unique brand. Creating a unique brand name is becoming increasingly difficult. To create a great brand name, you must first decide on the type of name you want. There are seven different categories of names, such as eponymous names like Disney and Burberry, derived names like Adidas, and descriptive names like American Airlines and The Home Depot. Each type of name serves a different purpose in branding.