Brand Equity Is a Set of Characteristics That Are Unique

question 81

True/False

Brand equity is a set of characteristics that are unique to a brand that make it seem different and better.

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Definitions:

Stakeholder Responsibility

The obligation of organizations to act in ways that recognize and address the impacts of their decisions and activities on all stakeholders, including employees, customers, communities, and shareholders.

Mass Marketing

A strategy aiming to reach the largest possible audience through widespread media channels without customization for specific market segments.

Cause Marketing

A marketing strategy where businesses and nonprofits partner together to promote a social or environmental cause or to benefit from mutual brand enhancement.

ISO 14000

A family of standards related to environmental management that helps organizations minimize their negative impacts on the environment, comply with applicable laws, and continually improve in these aspects.