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Explain the Difference Between Brand Name and Trademarks

question 14

Essay

Explain the difference between brand name and trademarks.


Definitions:

Demand

The desire to own anything, coupled with the power to obtain it.

Price Increase

A rise in the cost of goods and services, which can be caused by factors such as inflation, increased production costs, or higher demand.

Demand Curves

Graphs displaying the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Original Price

The initial price of a product or service before any discounts, markdowns, or promotions.

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