Question

Name and describe the three ways by which brand equity is enhanced.

Name and describe the three ways by which brand equity is enhanced.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Brand equity can be enhanced by the following:

1. COMMUNICATION WITH THE CONSUMERS
Being genuine in the interaction of the brand with their loyal customers as well as the potential customer present in the market. A brand, which is genuine s more relatable by their prospective consumers and therefore increases equity. It, therefore, refers to the communication aspect of brands, especially with their customers. It can make use of both online and offline mediums.

2. SOCIALLY RESPONSIBLE BRAND
A socially responsible and ethical brand always appears to be more perspective to a customer. Therefore a brand should revisit their processes and try and select the best possible outcome possible for them to make better use of their skills and capabilities.,

3. EMOTIONAL CAPITAL
A brand that can involve an emotional response in the mind of their customer can essentially utilize imagery and their brand value in order to improve their standing as far as equity is considered. Emotional capital is built with consumer response, word of mouth advertising as well as committing to their customers in order for them to convert to loyal and stay that way.

Add a comment
Know the answer?
Add Answer to:
Name and describe the three ways by which brand equity is enhanced.
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT