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Explain two benefits that might. arise from the existence of brand name
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- Branding involves creating and communicating a unique image and theme for a product in the consumers' mind. Does successful branding increase Market Power? how and why?How is building a brand in a business-to-business context different from doing so in the consumer market?In which type of market, monopolistic or competitive market, is the equilibrium market price lower? Why?
- How to identify the differentiation factor from our competitors.The diagram above represents a monopolistically competitive firm. Answer the questions below. Is this firm operating in the short-run or long-run? How do you know? Calculate this firm’s accounting profit. From the diagram, what is the productively efficient output for this firm? From the diagram, economies of scale are maximized at which output level? Explain. From the diagram, what is the allocatively efficient output for this firm? Explain.Given a description of a company's marketing mix, classify the elements of the marketing mix and the category of marketing.
- Given the current market conditions, list and explain ONE strategy that dairy producers could implement to increase revenue.Explain why have no competitors caught up with Apple? Do you think Apple can sustain its success with so few products? What would you ask Apple to design next and why?The graph depicts the demand curve before advertising, DO, and the four possible demand curves that results from advertising. Which of the four demand curves depicts the two ways that advertising impacts demand?- D1 - D2 - D3 - D4