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Brands Must Create Strong, Favourable, and Unique Brand Associations with Customers

question 39

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Brands must create strong, favourable, and unique brand associations with customers, as has been the case with Volvo (safety) , Hallmark (________) , and Harley-Davidson (adventure) .


Definitions:

Future Earnings

Projected profits or income of a business or investment, anticipated in future periods based on past and current trends.

Venture Capitalist

An investor who provides capital to startup companies and small businesses with perceived long-term growth potential.

Non-Monetary Capabilities

Skills, knowledge, relationships, and other intangible assets that do not have a direct monetary value but contribute to an organization's or individual's success.

Timing

The selection of an appropriate or opportune time for doing something, crucial for success in various contexts.

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