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Brand Equity Components

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Brand Loyalty

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Refers to a consumer's commitment to repurchase or continue using the brand, represented by repeated buying of a product or service or other positive behaviors such as word of mouth advocacy.

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Brand Awareness

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The extent to which consumers are familiar with the qualities or image of a particular brand of goods or services.

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Brand Associations

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The mental connections that consumers make between a brand and its key product attributes; can involve a logo, slogan, or famous personality, as well as product features.

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Perceived Quality

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The consumer’s perception of the overall quality or superiority of a product or service compared to alternatives and with respect to its intended purpose.

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Brand Associations

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The mental links that consumers make between a brand and its key product attributes, involving anything tied to the brand's image.

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Brand Experience

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The sensations, feelings, cognitions, and behavioral responses evoked by brand-related stimuli that are part of a brand's design and identity, packaging, communications, and environments.

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Brand Differentiation

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The ability to stand out from competitors through unique branding strategies, enabling a strong brand identity that offers distinctive advantages.

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Brand Communication

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The various methods by which a brand conveys its brand message to customers, shaping perceptions and influencing brand equity.

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Brand Valuation

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A metric that quantifies the value of the brand as an intangible asset, reflecting the total financial value of the brand.

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Brand Extensions

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The use of an established brand name in new product categories, this can increase brand equity if the extension is successful.

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