A brand's market position refers to its

Question

Quizplus · Accepted Answer

A brand's market position is its image, reputation, and perceived value in the mind of the customers. It reflects how a brand is perceived in comparison to its competitors and determines the level of influence and demand it has in the market. A brand's market position is essential for developing an effective marketing strategy, building customer loyalty, and increasing market share. Therefore, option C is the correct answer.

A Brand's Market Position Refers to Its