ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is an advantage of a business having a well-known brand name?
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It will not have to do any advertising.
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It can charge lower prices as a result of brand recognition
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It can produce low quality products and sell them
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It will have good consumer recognition of its products
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Explanation:
Detailed explanation-1: -Branding Creates Loyal Customers Branding allows you to build relationships with your audience, which can eventually turn them into loyal customers. You can create a brand that people actually care about and put yourself ahead of businesses that aren’t using this to their advantage.
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