ANS: B) Brand Differentiation
Rationale: Brand differentiation involves developing unique
attributes and a clear value proposition that distinguishes a brand
from its competitors.
2. In brand management, the term "brand equity" refers to:
A) The financial valuation of a brand
B) The total market share a brand holds
C) The inherent value and strength of a brand based on
consumer perceptions
D) The legal rights associated with a brand name
ANS: C) The inherent value and strength of a brand based on
consumer perceptions
Rationale: Brand equity is the positive effect of the brand's
strengths and reputation on consumer response and perception.
, A) Expanding brand offerings
B) Capturing market demographics
C) Establishing a unique space in the consumer's mind
D) Increasing product distribution channels
ANS: C) Establishing a unique space in the consumer's mind
Rationale: The core objective of brand positioning is to carve
out a distinct place in the consumer's mind relative to competing
brands.
4. Which model is often used for measuring brand equity by
assessing brand loyalty, awareness, perceived quality, and brand
associations?
A) BCG Matrix
B) SWOT Analysis
C) Keller’s Brand Equity Model
D) Aaker’s Brand Equity Model
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