Question: Brand equity is the extra value-added attributes that accompany a brand. Sometimes without even realizing it, many consumers prefer specific brands merely because of the

Brand equity is the extra value-added attributes that accompany a brand. Sometimes without even realizing it, many consumers prefer specific brands merely because of the brand equity those brands carry. As marketers begin to realize what brand attributes are particularly attractive to consumer groups, those marketers can implement more specific targeting strategies toward identified market segments.

What companies (marketers) do you know that have multiple brands that carry their own specific equity? Share your thoughts on whether you think there is value, or are they cannibalizing a single market and wasting resources.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!