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.
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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.
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Answer: $57488.50
Explanation:
The total cost to Ybarra of employing Ince for the year will be calculated thus:
Gross Salary = $53,000
Add: Social security tax = $53000 × 6.2% = $3286
Add: Medicare tax = $53000 × 1.45% = $768.50
Add: SUTA tax = $7000 × 5.4% = $378
Add: FUTA tax = $7000 × 0.8% = $56
Total cost to Ybarra of employing Ince will be $57488.50
Answer:
C = 100 + 0.8Y
Explanation:
$100 represents autonomous consumption. It is consumption that would take place even if income was 0.
0.8Y represents income dependent on income. The higher income is, the higher this component of consumption.
0.8 = $80/100
I hope my answer helps you
Answer:
Current issues in the framework by regarding fabricating costs as a period cost
Assembling overhead is evaluated bu increasing direct work with 300%. This estimation isn't exact and doesn't speak to how the genuine variable sub-costs that form the manufacturing overhead act for example machine related costs, arrangement work, getting and creation control, designing, bundling and sending. In spite of the fact that there could be a connection between the measure of direct work cost and the all out manufacturing overhead, this present strategy for estimation is dubious and ignores the real segments of manufacturing overhead.
Advantage of Product Cost
Increasingly exact impression of the inconstancy of the sources for example on the off chance that there are five factors, it is more precise than one.
Advantage of Period Cost
Treating manufacturing overhead as a period cost implies that it stays simpler to contrast Wilkerson's and a rival, given that contender likewise treats manufacturing overhead as a period cost for example it is simpler to analyze like-for-like