1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slava [35]
2 years ago
10

Apple's products are well known and valued because the demand, customer loyalty, and company's price premium rank high in the co

nsumer tech industry. This is an example of _______.
Business
1 answer:
Sindrei [870]2 years ago
6 0

Apple's products are well known and valued because of the demand, and customer loyalty, and the company's price premium rank high in the consumer tech industry. This is an example of Brand Equity.

<h3>What is Brand Equity?</h3>
  • A brand's intrinsic value, or the social value of a well-known brand name, is referred to as brand equity in marketing.
  • Due to public perceptions that well-known companies' products are superior to those of lesser-known brands, the owner of a well-known brand name might profit more on brand recognition alone.
  • Information economics and cognitive psychology have both been used to study brand equity in the research literature.
  • Cognitive psychology holds that brand equity is dependent on consumer knowledge of the attributes and associations associated with the brand.
  • A strong brand name serves as a reliable indicator of product quality for consumers who are only partially aware, and it also produces price premiums as a sort of return on branding investments, according to information economics.

To learn more about Brand Equity refer to:

brainly.com/question/15105000

#SPJ4

You might be interested in
Which three activities are part of the function of accounting?
IgorC [24]

The 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

Accounting (<em>including bookkeeping</em>) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes <em>"1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"</em>

<em />

Read more about this here

<em>brainly.com/question/15393400</em>

4 0
2 years ago
What factor supports maintaining a dual income?
mart [117]
You should open a joint bank account. Joint allows deposit or withdraw cash from your dual income. Can share with your family members. Income is safe with you having a joint account because you can monitor transaction.
3 0
3 years ago
Read 2 more answers
What contribution does the retail sector make to the UK economy ?
Rama09 [41]

Answer:

The retail sector consistently accounts for around 5% of Gross Value Added in the UK economy. 14% of all UK investment made by large non financial-sector firms is made by large retailers. Retailers purchase around £180bn worth of goods for resale, supporting £47bn of output from other sectors.

8 0
3 years ago
Read 2 more answers
Wilmington Company reported pretax income of $25,000 during 2018 and $30,000 during 2019. Later it was discovered that the endin
Vika [28.1K]

Answer:

$28,000

Explanation:

When closing inventory is understated during an year, it would lead to understated profits during the year i.e understated net income for the year 2018.

So, correct pre tax income for 2018 would be,

= reported pre tax income + the amount by which closing inventory was understated

= $25,000 + $2000 = $27000

Now, since the same closing inventory would become the opening inventory for 2019, this means,  the opening inventory for 2019 was understated.

When opening inventory is understated, it would lead to inflated net income for the year 2019. Thus, the extent by which the inventory has been understated has to be reduced from the reported pre tax profits for the year 2019.

Hence, correct pre tax income for 2019 would be,

= $30,000 - $2000 = $28000

6 0
3 years ago
n a company's merit pay program, an individual's compa-ratio represents the individual's pay relative to company's average pay f
Mademuasel [1]

Answer:

The individual's pay relative to company's average pay for that position.

Explanation: Compa-ratio is a term used by Recruitment managers in organisations to determine what a new recruit is likely going to be paid.

This ratio compares the person's position to those of others with an industry and know the average payment to offer the person. For example,a person with a Compa-ratio of 0.5 means the people is earning 50% less the average salary for his or her position.

8 0
3 years ago
Other questions:
  • A few years ago, simon powell purchased a home for $225,000. today, the home is worth $400,000. his remaining mortgage balance i
    7·1 answer
  • New cola alternatives (Mecca Cola, Muslim Up, Arab Cola, and ColaTurka) sprang up after the military conflicts in the Middle Eas
    15·1 answer
  • Rossdale Co. stock currently sells for $73.09 per share and has a beta of 1.23. The market risk premium is 7.00 percent and the
    14·1 answer
  • The economics profession thrives because:
    15·1 answer
  • Equipment that had been acquired several years ago by a special revenue fund at a cost of $40,000 was sold for $15,000 cash. Acc
    14·1 answer
  • Firms that hire outside consultants can reduce the impact of moral hazard by: A. hiring work on a fixed-fee basis B. monitoring
    13·1 answer
  • Suppose that the marginal cost of mining gold is constant at $300 per ounce and the demand schedule is as follows:
    10·1 answer
  • C
    13·2 answers
  • If gdp is $20 trillon, how many years will it take for gdp to increase to $40 trillion if annual growth is 10 percent?
    6·1 answer
  • snowpeak ski resort offers a price for a lift ticket that is barely over its marginal cost, but the high equipment rental fee ke
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!