Branding is the process of developing and implementing some identity in your business so that consumers can associate with your business. Branding increases the recognition of your products and services by consumers, giving you a competitive edge in the marketplace.
The definition of brand presented above shows that a brand is more than just a company logo and slogan. And it's true. Your brand should leave a positive image of your business when consumers think of your product or service.
This awareness also increases the value of your company and increases the recognition of your company among consumers. System 1 believes that a brand should have an emotional impact on consumers. Based on 3Fs, Fame, Feeling, and Fluency, they believe that a brand should play by the consumer's mental shortcut to ensure that a company's products and services are a clear, natural choice. dynamic and by default.
Taking advantage of these mental shortcuts, branding can be one of the most important parts of a business when it comes to lead generation. By using both branding and marketing strategies to target and influence your new and existing customers, branding can help your business increase its share of the market. .
Using branding to enhance your marketing strategy can help your business generate sales. This means that your business will have a competitive edge in your industry and will ensure that your brand is the first choice of your customers when searching for the products or services you offer.
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e. social responsibility
Explanation:
Social responsibility: The term "social responsibility" is described as one of the ethical theories whereby an individual is considered as accountable for carrying out his or her "civic duty" i.e, the actions or behaviors of an individual needs to benefit a specific society as a whole. However, thorough this way a balance should be maintained between the welfare of the environment & the society and the economic growth.
In the question above, Anheuser-Busch is exhibiting social responsibility.
Answer: B) An organized group of individuals sharing common objectives who actively attempt to influence policymakers
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