A World View article titled "The Best Global Brands" discusses the value of brand names.Establishing brand loyalty can do all of the following except
A)Improve resource allocation efficiency.
B)Decrease the price elasticity of demand for the product.
C)Become a valuable economic asset.
D)Increase demand for the product.

Question

Quizplus · Accepted Answer

Establishing brand loyalty does not improve resource allocation efficiency directly; it primarily affects consumer behavior and brand value. Resource allocation efficiency is more about how resources are distributed and used within the company or the economy, rather than the impact of brand loyalty on consumer demand and pricing power.

A World View Article Titled "The Best Global Brands" Discusses