Answer: The set of assets and liabilities linked to brand that add to or subtract from the value provided by the product or service is referred to as Brand Equity.
<u>Explanation:</u>
Brand Equity is the buzz word in the modern business and commercial world. It is the perceived and apparent value of brand name which can be the total worth of the organization. It is that value of the organisation that pulls consumers and customer as well as client base towards it.
Brand Equity in other words means the sum total worth or value added to an existing product under the same brand name. It can be done in multifarious ways such as putting up distinct logo for the product, easily recognizable and understandable names, adding more distinct titles and enhancing the durability of the product - all these contributes in a big way to add valuable and precious value to the existing brand.
Once measures such as above are taken to add distinct value to the brand the turnover and sales of the product subsequently increases since people get to know and recognize the product. Therefore, in order to develop sold brand one has to focus on brand equity by other measures such as creating awareness and developing loyalty for the product by the consumers.
<u>Explanation</u>:
In the first scenario, because of being the only student in the class my efforts to produce good grades will be low and inefficient since I believe there is no one competing with me for good grades.
However, in the second scenario of a class of 40 students, there will be great competition to be that 1 student to get a good grade as mentioned by the teacher. Changes will be seen in my efforts at study and paying attention in class, as well as asking questions about the subject in order to get a good grade.
Answer: Supply chain management
Explanation:
The supply chain management is one of the effective business strategy that helps in improve the overall efficiency of the warehouse and also the various types of facilities such as transportation.
The supply chain management is providing the flow of products and the services in an organization by transform the given raw material into the final goods.
The following are some important components of the supply chain management are as follows:
- Information
- Planning
- Production
- Inventory
- Source
According to the given question, the supply chain management is one of the concept that helps in reduce the overall production cost and but providing the high satisfaction to the customer.
Therefore, Supply chain management is the correct answer.
Answer:
The importance of time management is a commonly-heard phrase and skill, whether in job descriptions, event management or just your day to day life. The better you manage your time, the more efficient you will be. It also helps you recognize how much you can achieve in a day by setting targets and deadlines.
Explanation:
