Question : Which advantage of branding to marketers is highlighted in the given statement? Statement: If a new product is introduced under a known brand than the new product can enjoy all the advantages of known brand.
Option 1: Helps in product differentiation
Option 2: Helps in advertising and display programs
Option 3: Differential pricing
Option 4: Ease in introduction of new product
Correct Answer: Ease in introduction of new product
Solution : If a new product is introduced under known brand than the new product can enjoy all the advantages of known brand. Thus many companies with established brand named decide to introduce new products in the same name.
Hence, option D is correct.
Question : Which advantage of branding to marketers is highlighted in the given statement? Statement: It enables the firm to secure and control the market for its products
Question : Which advantage of branding to marketer is highlighted in the given statement? Statement: With the brand name advertisement note only creates awareness about the product but also popularise the brand.
Question : Which advantage of branding to marketer is highlighted in the given statement? Statement: An established brand name enables the firm to choice prices higher than the competiting products.
Question : Which advantage of branding to marketer is highlighted in the given statement? Statement: It has a firm distinguishing its products from other competiting products.
Question : It helps in creating product differentiation. Which function of management is highlighted in the given statement?
Option 1: Packaging
Option 2: Labeling
Option 3: Branding
Option 4: Grading
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