Select all that applyWhich of the following factors help to increase a brand's equity?Multiple select question.Lower prices from competitorsCompetition levelBrand awarenessPerceived valueCustomer loyalty
Question
Select all that applyWhich of the following factors help to increase a brand's equity?Multiple select question.Lower prices from competitorsCompetition levelBrand awarenessPerceived valueCustomer loyalty
Solution
The factors that help to increase a brand's equity are:
- Brand awareness
- Perceived value
- Customer loyalty
Lower prices from competitors and competition level are not factors that increase a brand's equity. In fact, they can potentially decrease it.
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