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Summary an example of the things you need to write in the assignment
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- Business branding
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- AQA
an example of the things you need to write in the assignment
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Branding assignment p2Brand value and equity and how it links with Dyson: brand value is something that tells
how much the brand of a certain business is worth, but this is based on the balance sheet
not always on reality , whereas brand equity is the value of a brand based on how important
a customer views that brand. Brand value is something that can positively and negatively
affect an overall business revenue and market which is why a business like Dyson want to
show that their product is something that is really useful towards their customer so that
their customer would view them as somewhat important company which could increase
Dysons Brands.
Brand value and equity is often measured by the customer review that has bought a product
or a service from business. If the review is completely positive, then other potential
customer that is on lowest loyalty ladder might consider buying their products and the
company brand value would increase because of it. Brand equity is also measured by
customer knowledge, their preferences and financial metrics and doing surveys so you can
tell what each kind of your customer likes and dislikes of business products, practises or
services.
The brand value chains: the chain of brand value is a structured approach the sources and
outcomes of brand equity and how the marketing teams creates brand value. This will
provide an insight that can support some decision makers in the company and stresses
every employee to contribute to this branding effort that can massively increase their
chances of their branding being more or as successful as their competitors.
This is an example of how brand value chains usually look like.
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