MANAGEMENT

Detailed explanation-1: -The advantages of having a strong brand are: Brands inspire customer loyalty leading to repeat sales and word-of mouth recommendation. The brand owner can usually charge higher prices, especially if the brand is the market leader. Retailers or service sellers want to stock top selling brands.

Detailed explanation-2: -Developing your company brand is key to driving customers to your business. The more a consumer resonates with your brand, the more likely they are to buy from you again. Creating this loyal following of customers can ensure continued success and help drive sales of your company’s products and services forward.

Detailed explanation-3: -Branding Creates Loyal Customers You don’t just want customers who recognize your brand and use your business once-you want to create customers who continue to come back. With good branding, you can give your brand a more human side, which your customers can relate to more than a company that’s strictly all business.