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Figure 11-6
-Figure 11-6 above shows the sequential process of building brand equity. The third step is to elicit the proper consumer responses to a brand's identity and meaning. This step consists of two dimensions, D and E, which represent
Semistrong Form
States that current market prices reflect all publicly available information. Therefore, the only way to gain abnormal returns on a stock is to possess inside information about the company’s stock.
Stock Market Efficiency
The concept that all available information is reflected in stock prices, thus making it impossible to consistently achieve higher returns than the overall market.
Nonconstant Growth Model
A valuation approach for stocks that assumes a company's dividends will grow at different rates in different periods, unlike the constant growth model.
Initial Growth Period
The phase in a business or project's life cycle characterized by a rapid expansion in revenue and customer base, often necessitating significant investment in marketing and capacity.
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