Which of the following is a benefit of branding to organizations?
A)Increases company value
B)Acts as a barrier to competition
C)Acts as a base for brand extension
D)All of the above are benefits of branding to organizations

Question

Quizplus · Accepted Answer

All of the above options are benefits of branding to organizations. Building and maintaining a strong brand can increase a company's value by making it more recognizable, reliable and trustworthy. A strong brand can also act as a barrier to competition by creating a unique position in the minds of its customers. In addition, a strong brand can act as a base for brand extension, allowing a company to expand into new markets and product categories.

Which of the Following Is a Benefit of Branding to Organizations