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Author Question: If two products are virtually identical how does branding create a differential market for products ... (Read 74 times)

CQXA

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on: Sep 11, 2018
If two products are virtually identical how does branding create a differential market for products domestically and globally?
 
  What will be an ideal response?

Question 2

In the fashion industry the manufacturer will respond to the whims of the marketplace. This causes the manufacturer to examine his/her manufacturing processes, competition's products, and consumer buying trends. These actions are characteristic of how a _________________ economic system operates.
 
  a. Traditional c. Command
  b. Market d. Mixed


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dlook33

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Reply #1 on: Sep 11, 2018
Answer to Question 1

Branding helps customers identify the goods or services of one seller from another. It also
communicates image, quality, price, and prestige. It is important that the brand's image conveys
to the foreign markets and it is helpful if the domestic brand is well established prior to going global
with the brand.

Answer to Question 2

b


CQXA

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Reply 2 on: Sep 11, 2018
YES! Correct, THANKS for helping me on my review

bigcheese9

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Reply 3 on: Yesterday
Wow, this really help

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