ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Builds customer loyalty
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Makes shopping more efficient
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Makes it easy to introduce new products
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Is a symbol that identifies a product
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Detailed explanation-1: -Branding helps create barrier against successful imitation by competitors.
Detailed explanation-2: -The term brand refers to a business and marketing concept that helps people identify a particular company, product, or individual. Brands are intangible, which means you can’t actually touch or see them. As such, they help shape people’s perceptions of companies, their products, or individuals.
Detailed explanation-3: -Customer Recognition. In the world of ads, when a customer recognizes a brand’s color, theme, logo, etc., they are more likely to choose that product over all others. Customer Loyalty. Consistency. Credibility. Improve Company Values. Stay Ahead of Competitors. Brand Equity. Attracts Talent. 21-Feb-2023