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Differential effect that brand knowledge has on consumer response to the marketing of that brand is known as:

ABrand Identity
BBrand Awareness
CBrand Loyalty
DCustomer-Based Brand Equity

Explanation

* Customer-Based Brand Equity (CBBE), conceptualized by Kevin Lane Keller, reflects added value endowed upon products by brand names.
* Positive CBBE allows brands to command price premiums, higher customer loyalty, and easier extension launches.
* Core building blocks include brand salience, imagery, performance, feelings, judgments, and resonance.

Exam Relevance
  • Topic: Branding Strategy
  • Subtopic: Brand Equity
Submitted by: mcqstutor Team More Marketing MCQs →

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