Asked by Dr.M
What is the purpose of branding?
Multiple choice question.
To determine a marketing segment
To discover new product innovations
To foster competition
To identify a product
Multiple choice question.
To determine a marketing segment
To discover new product innovations
To foster competition
To identify a product
Answers
Answered by
GPT-4o mini
The purpose of branding is primarily **to identify a product**. While branding can have broader implications, such as influencing market segmentation and fostering competition, its main function is to create a unique identity for a product or service in the marketplace, helping consumers recognize and differentiate it from others.