What Is the Significance of a Branded Service

question 92

Multiple Choice

What is the significance of a branded service?

• A) It refers to a recommendation for a specific brand, given by one customer to another.
• B) It refers to a service that can develop selective demand for a specific brand.
• C) It refers to a valued service of a brand not directly related to the core product offering.
• D) It refers to any high-cost service offered by a brand only to its premium customers.
• E) It refers to a service offered by a brand primarily to reinforce previous promotion.

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Definitions:

Regulators

Authorities or agencies responsible for enforcing laws and regulations in specific sectors to ensure compliance and protect public interest.

Government Agencies

Organizations established by a government to perform specific functions or services according to legal mandates.

Laws

Regulations and rules established by governments or other authorities to govern behavior and actions in a society.

Competitive Advantage

A situation or factor that gives a business an advantageous or dominant position over its rivals in the industry.