An Important Part of Gaining the Market's Acceptance Is___

question 15

Multiple Choice

An important part of gaining the market's acceptance is___.

• A) Building brand awareness
• B) Reducing the product's cost of goods sold
• C) Franchising the brand
• D) Building celebrity client network
• E) None of the above.

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Definitions:

Trademark

Legal protection of a recognizable brand name, design, or logo that calls a specific product to a consumer’s mind.

Brand Logo

A visual symbol or emblem used to identify and promote a brand, making it recognizable to consumers.

Designer Bags

High-end, often luxury bags created by prominent fashion designers or brands.

Market-Creating Innovation

Innovations that result in the creation of a new market by fulfilling an unserved or underserved need or desire.