Abstract
Although, in the first time, a brand is a distinction among one product and the other products, a company needs to effort that a brand has a positive image and therefore gives a positive brand image to the customer. With many competitors in the market, the competition is increase among the brands which operate in the market and only a brand who has strong brand equity can dominate in the market. The stronger brand equity of a product is, the stronger it can impress the consumers to consume the product and the company can make profit from the time being. The brand equity consist of five elements. Therefore, the knowledge of those brand equity elements is neded to arrange the strategic steps to increase the existance of the brand and to increase the company's profit. According to Aaker, brand equity consist of five elements majority i.e.: brand awareness, brand association, perceived quality, loyalty and other brand assets. The stronger those elements are, the stronger the brand equity is.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.