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    Contemporary Marketing Study Set 4
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    Exam 11: Developing and Managing Brand and Product Strategies
  5. Question
    Brand Equity Is Defined as the Amount of Capital a Firm
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Brand Equity Is Defined as the Amount of Capital a Firm

Question 233

Question 233

True/False

Brand equity is defined as the amount of capital a firm has invested in a product. This amount may include advertising and promotional expenses, plus the pro-rated cost of the sales force needed to sell the product.

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