When discussing brand equity from the firm’s perspective, it was explained that as the equity of a brand increases, various positive outcomes result:
(1) A higher market share,
(2) Increased brand loyalty,
(3) Ability to charge premium prices, and
(4) Capacity to earn a revenue premium. Select a brand you are particularly fond of and explain how its relatively greater equity compared to a lesser brand in the same product category is manifest in terms of each of these four outcomes.