One common Christmas tradition in many households is the Claxton fruitcake.The fruitcake bakery in Claxton,Georgia,makes about 6 million pounds of fruitcake annually and has $12 million in sales.One fruitcake batch weighs 375 pounds.About 70 percent of that weight is fruits and nuts.A single batch is divided into 34 loaf pans that hold 11 pounds each.Loaves are cooked for 100 minutes at 375 degrees.The bakery can cook 6,000 pounds at a time.During the baking season (August-December),the bakery uses a tracker-trailer load of raisins daily.The suggested retail price of a one-pound Claxton fruitcake is $3.69.
-Refer to Claxton Fruitcakes.Why is brand equity important for the Claxton brand?
A) It means that its customers are extremely brand loyal.
B) It facilitates the implementation of an international repositioning strategy.
C) It means the product line has greater depth than width.
D) It guarantees an annual profit.

Question

Quizplus · Accepted Answer

Brand equity is important for the Claxton brand because it indicates that their customers are extremely loyal to the brand. This means that they have a strong brand reputation and recognition, which is valuable for retaining customers and attracting new ones.

One Common Christmas Tradition in Many Households Is the Claxton