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What is the significance of branding in the market?
What is the significance of branding in the market?
- Setting competitive prices
- Increasing brand awareness (correct)
- Attracting new customers
- Providing technical assistance
Why is customer support service important for businesses?
Why is customer support service important for businesses?
- To diversify the product range
- To focus on cost reduction
- To determine the price of the product
- To gain customer loyalty (correct)
What factor can heavily influence the success or failure of a product?
What factor can heavily influence the success or failure of a product?
- Market demand
- Quality of raw materials
- Promotional activities
- Pricing strategy (correct)
Why is it important for businesses to adjust prices according to market conditions?
Why is it important for businesses to adjust prices according to market conditions?
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What can happen if a business sets prices too high or too low?
What can happen if a business sets prices too high or too low?
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What is the purpose of packaging in the context of a product?
What is the purpose of packaging in the context of a product?
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How does labeling contribute to a product's success?
How does labeling contribute to a product's success?
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What does branding refer to in the context of a product?
What does branding refer to in the context of a product?
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How do trademarks relate to branding?
How do trademarks relate to branding?
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Why is having an attractive package important for a product's success?
Why is having an attractive package important for a product's success?
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