Consumers View a Brand as an Important Part of a Product

question 6

True/False

Consumers view a brand as an important part of a product, and branding can add value to a consumer's purchase.

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Definitions:

Japanese Work Arrangement

Characterized by practices such as lifetime employment, promotions based on seniority, and company unions, reflecting Japan's unique employment culture.

Laid off

The termination of employees from their positions, typically due to economic downturns or company restructuring, rather than individual performance issues.

Institutional Feature

Characteristics or aspects inherent to an institution or organization that define its structure, functions, and operations.

Japanese Labor Relations

Characterized by strong cooperation between management and labor, lifetime employment practices, and enterprise unionism.