Simplify the Expression

question 88

Multiple Choice

Simplify the expression.

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Definitions:

Brand Extension Strategy

A marketing strategy in which a firm marketing a product with a well-developed image uses the same brand name in a different product category.

High Brand Equity

The value a brand adds to a product or service, reflected in consumer recognition, loyalty, and willingness to pay a premium.

Recognitions

The acknowledgement or appreciation of someone's effort, achievement, or status.

Brand Revitalization

The act of reinvigorating or refreshing a brand to make it more relevant, up-to-date, and appealing to current and potential consumers, often through rebranding or modifying brand elements.