All categories

3 years ago

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.

You might be interested in

PLZZZZZZZ

BartSMP [9]

Answer:

D the answer is D

Explanation:

dge dhe dhe se she uevxye dhd dudvdgecdud

3 0

3 years ago

Read 2 more answers

Price Company’s note receivable is receivable from Score Company. Interest of $7,520 was paid by Score to Price during 2015. Any

Minchanka [31]

Answer:

Please see attachment

Explanation:

Please see attachment

7 0

4 years ago

If a company is considering the purchase of a parcel of land that was acquired by the seller for $96,000 is offered for sale at

Marta_Voda [28]

Answer:

correct option is b. $159,000

Explanation:

given data

purchase land = $96,000

offer sale = $172,000

assessed for tax purposes = $106,000

recognized purchaser worth = $162,000

purchased = $159,000

solution

we know that when we purchase a parcel of land then

the price paid for by the purchaser is the amount and that amount is to be recorded in the books

so that land will record in the purchaser books is $159,000

so correct option is b. $159,000

5 0

4 years ago

.Consumers are better off with pricing in the following order: 1)________; 2)________; 3)________.

rosijanka [135]

Answer:

Option (A) is correct.

Explanation:

(i) Competitive market

(ii) Single price monopoly

(iii) perfect price discrimination

Consumer surplus are the highest in the perfectly competitive market conditions as compared to single price monopoly because prices are determined by the market forces and firms are the price taker.

Consumer surplus is zero when there is a perfect price discrimination because price is charged according to the willingness of the consumer.

6 0

4 years ago

Assume that an increase in consumer confidence raises consumers' expectations of future income and thus the amount they want to

Olegator [25]

Answer:

lower investment and raise the interest rate.

Explanation:

Investment = savings

In this scenario, the marginal propensity to consume (MPC) is increasing which means that consumers will spend a larger proportion of their disposable income and save less. The marginal propensity to save (MPS) = 1 - MPC, so a higher MPC will result in a lower MPS. Lower savings = lower investment.

Since the savings level will decrease, businesses needed money to finance their activities (includes corporations, banks, small businesses, etc.) will need to pay a higher interest for the lower available savings. If the supply of a good or service decreases at all demand levels, the equilibrium price will increase.

3 0

4 years ago