One important purpose of a brand is to

1. sell advertising space.

2. minimize product line depth needed to be effective.

3. increase consumer recognition and awareness of product offerings.

4. reduce product packaging.

5. meet government regulations.

Question

Business

Gael

22 June, 01:08

One important purpose of a brand is to

1. sell advertising space.

2. minimize product line depth needed to be effective.

3. increase consumer recognition and awareness of product offerings.

4. reduce product packaging.

5. meet government regulations.

+3

Answers (1)

Know the Answer?

Jesse Faulkner · Answer 1

3. increase consumer recognition and awareness of product offerings.

Explanation:

A brand is an identity of a product or service provided by a company. It is a unique identifier of the product and differentiates it from competitors. An example is the shape of CocaCola bottle and its consistent taste are unique to that company and is easily recognizable to customers. Another example is Luis Vuitton whose brand customers identify as luxury.

One important purpose of a brand is to1. sell advertising space.2. minimize product line depth needed to be effective.3. increase consumer recognition and awareness of product offerings.4. reduce product packaging.5. meet government regulations.

One important purpose of a brand is to

1. sell advertising space.

2. minimize product line depth needed to be effective.

3. increase consumer recognition and awareness of product offerings.

4. reduce product packaging.

5. meet government regulations.