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Branding

The document discusses the importance of branding for businesses, highlighting the need for recognition, trust, and employee pride. It outlines the potential costs and risks associated with branding, including increased expenses and competition with other brands. Successful branding can lead to customer loyalty and business growth if high-quality products are maintained.

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khayyamrafique980
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6 views1 page

Branding

The document discusses the importance of branding for businesses, highlighting the need for recognition, trust, and employee pride. It outlines the potential costs and risks associated with branding, including increased expenses and competition with other brands. Successful branding can lead to customer loyalty and business growth if high-quality products are maintained.

Uploaded by

khayyamrafique980
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Problem Statement: Business needs to make a brand for their product.

Causes:

1. A need to create recognition and differentiate from competitors.


2. To build trust so people buy more products and business grows.
3. To makes workers feel proud and the part of the company.

Effects:

1. It can cost more money.


2. It can start fight with other brands in ads or market.
3. If the product is not good, people may stop buying of brand products.

Branding is a really important for business and it is a factor of business. Due to this people know
about the business and employees feel proud on business.

Business creates brand so that peoples recognition of business easily and can differentiate with other
brands. Brand helps to create build the trust so peoples like this brand products and buy more
products this result business grows. Due to this workers feel proud and think that the part of
business.

Creating a brand it can cost more money, due to this business expense increases. It can starts a fight
with other brands in ads or market. If the product is not good and business does not provide high
quality good from other competitors, so brand get bad reputation and peoples avoid to purchase this
brand products in future.

If the business fix the brand issues and provides high quality goods to customers, then customers can
trust the brand and like this brand products.

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