Which of the Following Is NOT One of the Four

question 3

Multiple Choice

Which of the following is NOT one of the four criteria used for determining how good a brand is or how much equity it has?

• A) brand awareness
• B) brand loyalty
• C) brand associations
• D) brand conceptualization
• E) perceived value
• Brand awareness, brand loyalty, brand associations, and perceived value are the four primary criteria used to evaluate brand equity.

---

Definitions:

Legal Price

The price set by law or regulation, often minimum or maximum limits on what can be charged for goods or services.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market stability.

Commodity X

A placeholder name often used to describe a generic good or service in economic models and theories.

Demand Equation

A mathematical representation that expresses the relationship between the quantity of a good demanded and its price, along with other factors like income and the prices of related goods.