High brand equity provides a company with many competitive advantages.

Name: High brand equity provides a company with many competitive advantages.
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

High brand equity enhances a company's reputation, customer loyalty, and market performance, resulting in increased market share, revenue, and customer retention. It also reduces marketing costs and risks associated with introducing new products or expanding into new markets. Therefore, high brand equity provides a company with many competitive advantages.

High Brand Equity Provides a Company with Many Competitive Advantages