2. Brand equity is the added
value endowed On products
and Services. It may be reflected in
the way consumer think, feel, and act
with respect to The brands, as well as in
the prices, market share, and
profitability The brand commands.
3. Customer based brand equity is thus
the differential Brand knowledge has
on consumer response to the
Marketing of that brand.
4. Consumer react more favourably to a
product and the Way it is marketed
when the brand is identified
positive customer-based
brand equity
6. Is and example.
Lifebuoy is an illustration of how company
consistently Maintained the Brand’s key
promises of health over The years and yet
introduced several variants and Line
extensions with more generic interpretation
Of the brand promise and contemporary
execution Of marketing-mix elements,
keeping changing consumer preference mind