Which of the Following Is a Benefit of a Brand

question 198

Multiple Choice

Which of the following is a benefit of a brand name for a seller?

• A) quality assurance
• B) reduction in search time
• C) increased repeat purchases
• D) additional prestige

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Definitions:

Secondary Labour Market

The segment of the labor market characterized by lower pay, less job security, and fewer benefits compared to the primary labor market, often filled with high turnover, part-time, or temporary jobs.

Social Hierarchy

The organization of individuals into various levels based on factors like status, class, or authority, influencing their social interactions and opportunities.

Types of Authority

Various forms of power or control recognized by individuals or society, such as legal authority, traditional authority, and charismatic authority.

Weber

Refers to Max Weber, a German sociologist, philosopher, and political economist known for his theory that religion significantly impacted the economic development, specifically in the West.