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julsineya [31]
3 years ago
15

Explain why strong brands are important to both companies and consum

Business
1 answer:
grin007 [14]3 years ago
4 0

Answer: See explanation

Explanation:

Branding simply refers to creation of a name, design or a symbol that helps in the identification of the product of a particular company from other companies.

Branding is vital as it makes a company standout from others, it helps to distinguish ones product from the product of others. It also helps in the improvement of recognition and create awareness to ones customers. With the logo on ones product, consumers can easily identify ones product.

Branding also helps in the creation of trust and supports advertising. A strong brand also generates revenue to the company as it helps in the building of financial value. Branding also helps companies get new customers.

Customers also form a connection with brands. This helps in shaping the loyalty of the customer, building trust and aids customer retention.

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Which type of promotion includes the given tactic that supermarkets or stores generally use?
Burka [1]

Answer:

As a part of  <u>sales promotion</u>,  supermarkets generally use<u> visual merchandising</u> to attract customers and induce them to make a purchase.

Explanation:

Sales promotion is one form of marketing communications by a business. The objective of sales promotion is to increase sales by offering incentives to consumers or retailers. Sales promotions are carried out in a limited time to stimulate consumer consumption. Their effect may be temporal. Examples of sales promotion include offering free samples, premium offers, discount coupons, contests, and loyalty programs.

Visual merchandisers use their creativity to promote products and services of their organization in retail businesses. They develop eye-catching product displays and design layouts to attract customers and entice them to buy.

6 0
4 years ago
Which body has the primary responsibility for the establishment of generally accepted accounting principles?.
erica [24]

Answer: The Financial Accounting Standards Board (FASB)

Explanation: The Financial Accounting Standards Board (FASB) is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles.

7 0
2 years ago
Klumpro, a supplier of organic milk products, sells its products to Sweedinth, a dessert store and Klumpro's long-term customer,
Mars2501 [29]

Answer:

B) Relationship Behavior

Explanation:

Relationship Behavior is a part of customer relationship management (CRM) which guides behavior of people towards it's customers in a way so that the relationship can flourish.

<em>In this case,</em> what store owner did was a gesture of goodwill, trying to build a strong and healthy relationship with it's supplier. That will help the store itself in future.

5 0
3 years ago
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Inessa05 [86]
B. A whole industry being owned by one company
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