Which of the Following Statements Best Describes the Trend in Branding

question 12

Multiple Choice

Which of the following statements best describes the trend in branding?

• A)Brands are used less often today for tangible goods but more often for services.
• B)Marketers have identified what can be branded,and the use of brands has stabilised.
• C)Brands are becoming less common today as marketers realise their limits.
• D)Brands are expanding their reach because just about anything can be branded.
• E)Brands are used less often today for services but are expanding their reach for tangible goods.

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Definitions:

Economic Theory

A set of principles and models that explain how economic agents interact and how economies function.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good that consumers are willing and able to purchase at various prices.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.

Demand Schedule

A table that shows the quantity of a good that consumers are willing and able to purchase at various prices.