Alerts
Wishlist
Cart
Sign In
Categories
Current Affairs & GK
Current Affairs
Show All Current Affairs & GK
eBooks
General Aptitude
Arithmetic Aptitude
Data Interpretation
Show All General Aptitude
General Knowledge
Basic General Knowledge
General Science
Show All General Knowledge
Medical Science
Anatomy
Biochemical Engineering
Biochemistry
Biotechnology
Microbiology
Show All Medical Science
Technical
Database
Digital Electronics
Electronics
Networking
Show All Technical
Verbal and Reasoning
Logical Reasoning
Verbal Ability
Verbal Reasoning
Show All Verbal and Reasoning
›
Which of the following best describes 'brand equity'?
Which of the following best describes 'brand equity'?
Expand All
Collapse All
Practice Questions
1 question
Q1
Which of the following best describes 'brand equity'?
The cost of producing a brand
The value added to a product by having a well-known brand name
The total sales of a brand
The market share of a brand
Show Solution
Copy
Brand equity refers to the value added to a product by having a well-known brand name, which can influence customer choice.
Questions & Step-by-step Solutions
1 item
Q
Q: Which of the following best describes 'brand equity'?
Solution:
Brand equity refers to the value added to a product by having a well-known brand name, which can influence customer choice.
Steps: 5
Show Steps
Step 1: Understand what 'brand' means. A brand is a name, term, design, or symbol that identifies a product or service.
Step 2: Recognize that 'equity' means value or worth.
Step 3: Combine the two concepts. Brand equity is the value that a well-known brand adds to a product.
Step 4: Realize that this added value can affect how customers choose between different products.
Step 5: Conclude that strong brand equity can lead to higher sales and customer loyalty.
Related Questions
I
If a company has a net income of $250,000 and total revenue of $1,000,000, what
Question: If a company has a net income of $250,000 and total revenue of $1,000,000, what is the pro..
A
A business incurs a loss of 15% on selling a product for $425. What was the cost
Question: A business incurs a loss of 15% on selling a product for $425. What was the cost price?Opt..
I
If a product is sold for $240 after a discount of 20%, what was the original pri
Question: If a product is sold for $240 after a discount of 20%, what was the original price?Options..
I
If a company has total assets of $1,000,000 and total liabilities of $600,000, w
Question: If a company has total assets of $1,000,000 and total liabilities of $600,000, what is the..
A
A firm has a current ratio of 2:1 and current liabilities of $50,000. What are t
Question: A firm has a current ratio of 2:1 and current liabilities of $50,000. What are the current..
‹
Biology (School & UG)
Chemistry (School & UG)
Civil Engineering
Commerce & Accountancy
Computer Science & IT
Current Affairs & GK
Data Structures & Algorithms
eBooks
Electrical & Electronics Engineering
English (School)
General Aptitude
General Knowledge
General Knowledge & Current Affairs
Languages & Literature
Law & Legal Studies
Major Competitive Exams
Mathematics (School)
Mechanical Engineering
Medical Science
Physics (School & Undergraduate)
Quantitative Aptitude & Reasoning
Social Science (School)
Technical
Verbal and Reasoning
Vocational & Skill Development
›
Soulshift Feedback
×
On a scale of 0–10, how likely are you to recommend
The Soulshift Academy
?
0
1
2
3
4
5
6
7
8
9
10
Not likely
Very likely
✕
↑
