Brand Equity and Branding Quiz
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Questions and Answers

What is brand equity?

  • The corporate image and identity created by a brand
  • The legal protection of a product
  • The image or perception that describes and differentiates a product from competitors (correct)
  • The exclusivity offered by a company
  • What are the advantages of branding mentioned in the text?

  • It eliminates the need for marketing
  • It ensures immediate profitability
  • It guarantees exclusivity to the company
  • It provides legal security to the product (correct)
  • What does building a brand name involve?

  • Establishing legal trademarks
  • Creating a catchy slogan for the product
  • All operations necessary to build and nurture a brand into a consumer’s mind (correct)
  • Focusing solely on product design
  • What are the benefits of creating a power brand mentioned in the text?

    <p>Buyers are satisfied and there’s no reason to change</p> Signup and view all the answers

    How does branding reduce harm to a company's reputation?

    <p>By establishing a reputation that can withstand brand failures</p> Signup and view all the answers

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