ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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brand
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branding
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Either A or B
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None of the above
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Detailed explanation-1: -A firm’s brand is the symbolic embodiment of all the information connected with a product or service, and a strong brand can also be an exceptionally powerful resource for competitive advantage.
Detailed explanation-2: -The network effect refers to the concept that the value of a product or service increases when the number of people who use that product or service increases.
Detailed explanation-3: -The primary activities of the value chain include inbound logistics, operation outbound logistics, marketing and sales, and service.
Detailed explanation-4: -Any kind of practice which allows a business or other organization to maximize the use of their inputs by developing products at a faster pace than competitors or reducing defects, for example.
Detailed explanation-5: -Value Chain Model. the set of activities through which a product or service is created and delivered to customers. ( Includes: inbound logistics, operations, outbound logistics, marketing and sales, service)