Asked by
Duane Hodgson
on Nov 22, 2024Verified
_____ is the additional market share and profits products earn because of the brand's strength compared with that of competing products.
A) Brand identity
B) Brand extension
C) Brand image
D) Brand equity
Brand Equity
The additional market share and profits products earn because of the brand’s strength compared with that of competing products.
Market Share
The portion of a market controlled by a particular company or product, usually expressed as a percentage.
Brand Identity
The visible elements of a brand, such as color, design, and logo, that identify and distinguish the brand in consumers' minds.
- Comprehend the critical role of brand image and equity in gaining a competitive advantage.
Verified Answer
IN
Learning Objectives
- Comprehend the critical role of brand image and equity in gaining a competitive advantage.