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Brand equity is a marketing term that describes a brand’s value. That value is
determined by consumer perception of and experiences with the brand. If people think
highly of a brand, it has positive brand equity. When a brand consistently under-delivers
and disappoints to the point where people recommend that others avoid it, it has
negative brand equity.
A product is something that is made in a factory; a brand is something that is bought by a customer.
A product can be copied by a competitor; a brand is unique. A product can be quickly outdated; a
successful brand is timeless.
Stephen King