MANAGEMENT

Detailed explanation-1: -Specialization can set small businesses apart from the competition. Specializing in a specific product, service, or clientele provides the greatest opportunity for businesses to become the best at what they do and to deliver continuous innovation around optimizing products or services.

Detailed explanation-2: -A good brand image can help a company establish credibility within its industry. It requires earning the respect of consumers and competitors through quality, consistency and honesty. There are many ways that brands establish credibility, such as: Being honest with consumers.

Detailed explanation-3: -A strong brand image can create credibility and customer loyalty for your company. When a brand is known for delivering what they promise, customers will begin to trust the brand. This can increase customer retention and how often they return.

Detailed explanation-4: -Image Definition: The perception people have of your business when they hear your company name. A business’s image is composed of an infinite variety of facts, events, personal histories, advertising and goals that work together to make an impression on the public.